Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust (REIT) that focuses on the origination, acquisition, and management of commercial first mortgage loans and subordinate debt. The company leverages the global platform of Apollo Global Management to source and underwrite institutional-quality real estate investments across the United States and Europe. Its primary objective is to generate attractive risk-adjusted returns for stockholders through consistent dividend distributions and capital appreciation.
Financials
Based on Q1 2026 filing
Business Segments
Commercial Real Estate Debt
primaryThe company's core business involves providing senior and subordinate financing solutions secured by institutional-quality commercial real estate properties. This includes the origination of new loans and the acquisition of existing debt instruments in the secondary market.
Commercial First Mortgage Loans, Subordinate Financings, Commercial Real Estate-Related Debt Investments
Real Estate Developers, Property Owners, Institutional Real Estate Sponsors
Segment Financials
GB — Mortgage Loans On Real Estate Commercial And Consumer Percentage Of Portfolio
View metricNew York City — Mortgage Loans On Real Estate Commercial And Consumer Percentage Of Portfolio
View metricOther Europe — Mortgage Loans On Real Estate Commercial And Consumer Percentage Of Portfolio
View metricBusiness Overview
Competitive Position
ARI is a significant player in the commercial mortgage REIT space, benefiting from the extensive sourcing and underwriting infrastructure of its manager, Apollo Global Management.
Geographies
United States, Europe
Customer Segments
Commercial Real Estate Sponsors, Institutional Borrowers
Upstream Dependencies
Capital Markets, Secured Credit Facilities, Institutional Equity Investors, Apollo Global Management Infrastructure
Downstream Customers
Commercial Real Estate Borrowers, Property Sponsors, Real Estate Investment Groups
Competitors & Partners
Competitors
Blackstone Mortgage Trust
BXMT
Direct competitor in the commercial mortgage REIT sector.
KKR Real Estate Finance Trust
KREF
Competitor focused on commercial real estate debt investments.
Starwood Property Trust
STWD
Direct competitor in commercial real estate lending and debt acquisition.
Ladder Capital
LADR
Competitor in senior mortgage lending
TPG RE Finance Trust, Inc.
TRTX
Competitor in the origination of commercial real estate loans.
Ares Commercial Real Estate
ACRE
Competitor in originating and managing senior and subordinated CRE loans.
Claros Mortgage Trust
CMTG
Competitor in originating senior and subordinate CRE loans
Seven Hills Realty Trust
SEVN
Publicly traded commercial mortgage REIT competitor.
ACRES Commercial Realty
ACR
Direct competitor in commercial mortgage lending
Granite Point Mortgage Trust
GPMT
Competitor focusing on commercial real estate debt
Partners
Apollo Global Management
APO
Parent company of the external manager that provides investment and management services.
Athene Holding Ltd.
Counterparty in a significant asset purchase agreement to acquire the company's loan portfolio.
Barclays
BCS
Provider of private securitization financing.
Bank of America
BAC
Administrator of the company's revolving credit facility.
Subsidiaries
ACREFI Operating, LLC
Operating subsidiary involved in management and asset sale agreements.
Apollo Commercial Real Estate Finance FAQ
Common questions about Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust (REIT) that focuses on the origination, acquisition, and management of commercial first mortgage loans and subordinate debt. The company leverages the global platform of Apollo Global Management to source and underwrite institutional-quality real estate investments across the United States and Europe. Its primary objective is to generate attractive risk-adjusted returns for stockholders through consistent dividend distributions and capital appreciation.
Apollo Commercial Real Estate Finance (ARI) has a market capitalization of $1.5B and trades on NYSE.
Apollo Commercial Real Estate Finance generated $264.4M in trailing twelve-month revenue with net income of $127.0M, representing a net margin of 48.0%. These figures are based on the Q1 2026 filing.
Apollo Commercial Real Estate Finance's key competitors include Blackstone Mortgage Trust, Inc., KKR Real Estate Finance Trust Inc., Starwood Property Trust, Inc., and others. These companies compete in similar markets and product categories.