APOLLO COMMERCIAL REAL ESTAT (ARI) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:ARI • US03762U1051

10.8 USD
+0.08 (+0.75%)
At close: Feb 6, 2026
10.8 USD
0 (0%)
After Hours: 2/6/2026, 8:18:11 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall ARI gets a fundamental rating of 5 out of 10. We evaluated ARI against 70 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. Both the profitability and the financial health of ARI get a neutral evaluation. Nothing too spectacular is happening here. ARI is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year ARI was profitable.
  • ARI had a positive operating cash flow in the past year.
  • ARI had positive earnings in 4 of the past 5 years.
  • In the past 5 years ARI always reported a positive cash flow from operatings.
ARI Yearly Net Income VS EBIT VS OCF VS FCFARI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M

1.2 Ratios

  • ARI has a better Return On Assets (1.29%) than 90.00% of its industry peers.
  • Looking at the Return On Equity, with a value of 6.61%, ARI belongs to the top of the industry, outperforming 88.57% of the companies in the same industry.
  • The Return On Invested Capital of ARI (1.06%) is better than 84.29% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ARI is in line with the industry average of 1.26%.
Industry RankSector Rank
ROA 1.29%
ROE 6.61%
ROIC 1.06%
ROA(3y)0.48%
ROA(5y)0.78%
ROE(3y)1.75%
ROE(5y)2.86%
ROIC(3y)1.68%
ROIC(5y)2.3%
ARI Yearly ROA, ROE, ROICARI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

1.3 Margins

  • With a decent Profit Margin value of 16.94%, ARI is doing good in the industry, outperforming 72.86% of the companies in the same industry.
  • The Operating Margin of ARI (15.93%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of ARI has declined.
  • With a decent Gross Margin value of 36.98%, ARI is doing good in the industry, outperforming 77.14% of the companies in the same industry.
  • In the last couple of years the Gross Margin of ARI has declined.
Industry RankSector Rank
OM 15.93%
PM (TTM) 16.94%
GM 36.98%
OM growth 3Y-25.68%
OM growth 5Y-20.21%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-16.09%
GM growth 5Y-11.34%
ARI Yearly Profit, Operating, Gross MarginsARI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ARI is destroying value.
  • ARI has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for ARI has been reduced compared to 5 years ago.
  • ARI has a worse debt/assets ratio than last year.
ARI Yearly Shares OutstandingARI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
ARI Yearly Total Debt VS Total AssetsARI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

  • ARI has an Altman-Z score of 0.04. This is a bad value and indicates that ARI is not financially healthy and even has some risk of bankruptcy.
  • ARI has a Altman-Z score of 0.04. This is in the better half of the industry: ARI outperforms 67.14% of its industry peers.
  • The Debt to FCF ratio of ARI is 134.05, which is on the high side as it means it would take ARI, 134.05 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 134.05, ARI is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
  • ARI has a Debt/Equity ratio of 3.61. This is a high value indicating a heavy dependency on external financing.
  • ARI's Debt to Equity ratio of 3.61 is fine compared to the rest of the industry. ARI outperforms 64.29% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.61
Debt/FCF 134.05
Altman-Z 0.04
ROIC/WACC0.15
WACC6.98%
ARI Yearly LT Debt VS Equity VS FCFARI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 0.35 indicates that ARI may have some problems paying its short term obligations.
  • ARI has a better Current ratio (0.35) than 62.86% of its industry peers.
  • ARI has a Quick Ratio of 0.35. This is a bad value and indicates that ARI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.35, ARI is in the better half of the industry, outperforming 62.86% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.35
Quick Ratio 0.35
ARI Yearly Current Assets VS Current LiabilitesARI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The earnings per share for ARI have decreased strongly by -18.25% in the last year.
  • ARI shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.89% yearly.
  • ARI shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -12.52%.
  • Measured over the past years, ARI shows a quite strong growth in Revenue. The Revenue has been growing by 10.63% on average per year.
EPS 1Y (TTM)-18.25%
EPS 3Y0%
EPS 5Y-6.89%
EPS Q2Q%-3.23%
Revenue 1Y (TTM)-12.52%
Revenue growth 3Y21.79%
Revenue growth 5Y10.63%
Sales Q2Q%-14.9%

3.2 Future

  • The Earnings Per Share is expected to decrease by -3.59% on average over the next years.
  • ARI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.65% yearly.
EPS Next Y-26.15%
EPS Next 2Y-14.17%
EPS Next 3Y-3.59%
EPS Next 5YN/A
Revenue Next Year-12.1%
Revenue Next 2Y1.11%
Revenue Next 3Y3.65%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
ARI Yearly Revenue VS EstimatesARI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M
ARI Yearly EPS VS EstimatesARI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 9.64, the valuation of ARI can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of ARI indicates a somewhat cheap valuation: ARI is cheaper than 71.43% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.93, ARI is valued rather cheaply.
  • ARI is valuated reasonably with a Price/Forward Earnings ratio of 11.02.
  • The rest of the industry has a similar Price/Forward Earnings ratio as ARI.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.77, ARI is valued rather cheaply.
Industry RankSector Rank
PE 9.64
Fwd PE 11.02
ARI Price Earnings VS Forward Price EarningsARI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ARI is valued a bit cheaper than 78.57% of the companies in the same industry.
  • ARI's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 26.73
EV/EBITDA 69.71
ARI Per share dataARI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The decent profitability rating of ARI may justify a higher PE ratio.
  • ARI's earnings are expected to decrease with -3.59% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-14.17%
EPS Next 3Y-3.59%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 9.33%, ARI is a good candidate for dividend investing.
  • With a Dividend Yield of 9.33, ARI pays less dividend than the industry average, which is at 12.60. 85.71% of the companies listed in the same industry pay a better dividend than ARI!
  • Compared to an average S&P500 Dividend Yield of 1.81, ARI pays a better dividend.
Industry RankSector Rank
Dividend Yield 9.33%

5.2 History

  • The dividend of ARI decreases each year by -6.89%.
  • ARI has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-6.89%
Div Incr Years0
Div Non Decr Years0
ARI Yearly Dividends per shareARI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

  • ARI pays out 124.11% of its income as dividend. This is not a sustainable payout ratio.
  • The Dividend Rate of ARI has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP124.11%
EPS Next 2Y-14.17%
EPS Next 3Y-3.59%
ARI Yearly Income VS Free CF VS DividendARI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M
ARI Dividend Payout.ARI Dividend Payout, showing the Payout Ratio.ARI Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

APOLLO COMMERCIAL REAL ESTAT

NYSE:ARI (2/6/2026, 8:18:11 PM)

After market: 10.8 0 (0%)

10.8

+0.08 (+0.75%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)10-30
Earnings (Next)02-10
Inst Owners69.07%
Inst Owner Change-1.14%
Ins Owners0.56%
Ins Owner Change-2.3%
Market Cap1.50B
Revenue(TTM)726.90M
Net Income(TTM)123.16M
Analysts74
Price Target11.17 (3.43%)
Short Float %2.52%
Short Ratio2.94
Dividend
Industry RankSector Rank
Dividend Yield 9.33%
Yearly Dividend1.42
Dividend Growth(5Y)-6.89%
DP124.11%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.72%
Min EPS beat(2)4.64%
Max EPS beat(2)38.8%
EPS beat(4)4
Avg EPS beat(4)23.83%
Min EPS beat(4)4.64%
Max EPS beat(4)39.78%
EPS beat(8)8
Avg EPS beat(8)18.47%
EPS beat(12)10
Avg EPS beat(12)2.29%
EPS beat(16)13
Avg EPS beat(16)2.67%
Revenue beat(2)0
Avg Revenue beat(2)-13.05%
Min Revenue beat(2)-16.96%
Max Revenue beat(2)-9.14%
Revenue beat(4)0
Avg Revenue beat(4)-13.84%
Min Revenue beat(4)-20.78%
Max Revenue beat(4)-8.49%
Revenue beat(8)0
Avg Revenue beat(8)-11.35%
Revenue beat(12)1
Avg Revenue beat(12)1.76%
Revenue beat(16)5
Avg Revenue beat(16)23.31%
PT rev (1m)3.79%
PT rev (3m)4.29%
EPS NQ rev (1m)0.85%
EPS NQ rev (3m)24.21%
EPS NY rev (1m)8.78%
EPS NY rev (3m)8.06%
Revenue NQ rev (1m)-0.09%
Revenue NQ rev (3m)-0.09%
Revenue NY rev (1m)-1.95%
Revenue NY rev (3m)-1.95%
Valuation
Industry RankSector Rank
PE 9.64
Fwd PE 11.02
P/S 2.06
P/FCF 26.73
P/OCF 8.15
P/B 0.81
P/tB 0.81
EV/EBITDA 69.71
EPS(TTM)1.12
EY10.37%
EPS(NY)0.98
Fwd EY9.07%
FCF(TTM)0.4
FCFY3.74%
OCF(TTM)1.33
OCFY12.28%
SpS5.23
BVpS13.4
TBVpS13.4
PEG (NY)N/A
PEG (5Y)N/A
Graham Number18.38
Profitability
Industry RankSector Rank
ROA 1.29%
ROE 6.61%
ROCE 1.34%
ROIC 1.06%
ROICexc 1.09%
ROICexgc 1.1%
OM 15.93%
PM (TTM) 16.94%
GM 36.98%
FCFM 7.72%
ROA(3y)0.48%
ROA(5y)0.78%
ROE(3y)1.75%
ROE(5y)2.86%
ROIC(3y)1.68%
ROIC(5y)2.3%
ROICexc(3y)1.74%
ROICexc(5y)2.43%
ROICexgc(3y)1.75%
ROICexgc(5y)2.45%
ROCE(3y)2.13%
ROCE(5y)2.91%
ROICexgc growth 3Y-15.06%
ROICexgc growth 5Y-22.32%
ROICexc growth 3Y-15.31%
ROICexc growth 5Y-22.29%
OM growth 3Y-25.68%
OM growth 5Y-20.21%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-16.09%
GM growth 5Y-11.34%
F-Score6
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 3.61
Debt/FCF 134.05
Debt/EBITDA 53.41
Cap/Depr 1261.5%
Cap/Sales 17.62%
Interest Coverage 0.25
Cash Conversion 146.28%
Profit Quality 45.58%
Current Ratio 0.35
Quick Ratio 0.35
Altman-Z 0.04
F-Score6
WACC6.98%
ROIC/WACC0.15
Cap/Depr(3y)2341.93%
Cap/Depr(5y)N/A
Cap/Sales(3y)11.9%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-18.25%
EPS 3Y0%
EPS 5Y-6.89%
EPS Q2Q%-3.23%
EPS Next Y-26.15%
EPS Next 2Y-14.17%
EPS Next 3Y-3.59%
EPS Next 5YN/A
Revenue 1Y (TTM)-12.52%
Revenue growth 3Y21.79%
Revenue growth 5Y10.63%
Sales Q2Q%-14.9%
Revenue Next Year-12.1%
Revenue Next 2Y1.11%
Revenue Next 3Y3.65%
Revenue Next 5YN/A
EBIT growth 1Y-27.16%
EBIT growth 3Y-9.49%
EBIT growth 5Y-11.73%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-75.61%
FCF growth 3Y-46.03%
FCF growth 5Y-35.16%
OCF growth 1Y-36.29%
OCF growth 3Y0.24%
OCF growth 5Y-5.98%

APOLLO COMMERCIAL REAL ESTAT / ARI FAQ

What is the fundamental rating for ARI stock?

ChartMill assigns a fundamental rating of 5 / 10 to ARI.


What is the valuation status for ARI stock?

ChartMill assigns a valuation rating of 5 / 10 to APOLLO COMMERCIAL REAL ESTAT (ARI). This can be considered as Fairly Valued.


How profitable is APOLLO COMMERCIAL REAL ESTAT (ARI) stock?

APOLLO COMMERCIAL REAL ESTAT (ARI) has a profitability rating of 6 / 10.


What are the PE and PB ratios of APOLLO COMMERCIAL REAL ESTAT (ARI) stock?

The Price/Earnings (PE) ratio for APOLLO COMMERCIAL REAL ESTAT (ARI) is 9.64 and the Price/Book (PB) ratio is 0.81.


Is the dividend of APOLLO COMMERCIAL REAL ESTAT sustainable?

The dividend rating of APOLLO COMMERCIAL REAL ESTAT (ARI) is 4 / 10 and the dividend payout ratio is 124.11%.