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Apollo Commercial Real Estate Finance logo

Apollo Commercial Real Estate Finance Income Statement

Revenue, expenses, and profitability over time

Apollo Commercial Real Estate Finance generated $264.4M in trailing twelve-month revenue, down 0.1% year-over-year. Net income was $127.0M with a 48.02% net margin. Diluted EPS is $0.81, which grew 1.8% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$264.4MNet Income (TTM)$127.0MEps Diluted (TTM)$0.81
Latest FilingQ1 2026
Report Date2026-04-28
Market Cap$1.5B
P/E Ratio11.47
ROE6.91%

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3
Common Stock Dividends Per Share$0.3$0.3$0.3$0.3$0.3$0.3
Dividends per share declared$0.3$0.3$0.3$0.3$0.3$0.3
Reclassifications Net of Tax—$22.9M$17.7M$47.7M$26.1M$23.2M
Dividends per share declared$0.3$0.3$0.3$0.3$0.3$0.3
Common Stock Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3
Dividends declared (in dollars per share)$0.3$0.3$0.3$0.3$0.3$0.3
Gain (Loss), Foreign Currency Transaction, before Tax-$76.7M$40.6M$73.7M-$16.9M$2.2M-$17.1M
Interest income from loans$156.4M$144M$166.7M$155.3M$159.5M$150M
Interest Income (Expense), Operating$43.5M$39.5M$43.1M$40M$44.1M$36.1M
Interestand Fee Income Loans Subordinate Commercial Real Estate$641K$557K$557K$86K$88K$0
Total provisions for credit losses$0$4M$3.1M-$6.4M$2.5M-$3.3M
Revenue Not From Contract With Customer Excluding Interest Income$27M$26.3M$27.8M$21.6M$29.2M$22.6M
Common Stock Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3
Common Stock Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Foreign Currency Transaction Gain (Loss)-$76.7M$40.6M$73.7M-$16.9M$2.2M-$17.1M
Unrealized Foreign Currency Transaction Gain (Loss)-$76.7M$40.6M$73.7M-$16.9M$2.2M-$17.1M
Foreign Currency Transaction Gain (Loss)-$76.7M$40.6M$73.7M-$16.9M$2.2M-$17.1M
Foreign exchange gains (losses)-$76.7M$40.6M$73.7M-$16.9M$2.2M-$17.1M
Non-operating Income$1.7M$1.9M$1.2M$2.4M$1.7M$1.4M
Income from equity method investments$0-$689K—$17.1M—-$274K
Foreign Currency Transaction Gain (Loss), Pre-tax-$76.7M$40.6M$73.7M-$16.9M$2.2M-$17.1M
Foreign Currency Transaction Gain (Loss)-$76.7M$40.6M$73.7M-$16.9M$2.2M-$17.1M
Interest expense$113.5M$105.1M$124.2M$115.4M$115.5M$113.9M
Foreign currency transaction gain (loss)-$76.7M$40.6M$73.7M-$16.9M$2.2M-$17.1M
Foreign Currency Transaction Gain (Loss), Before Tax-$76.7M$40.6M$73.7M-$16.9M$2.2M-$17.1M
Other income (expense), net-$76.7M$40.6M$73.7M-$16.9M$2.2M-$17.1M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3
Common Stock Dividends Per Share (Declared)$0.3$0.3$0.3$0.3$0.3$0.3
Common Stock Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3
Basic earnings per share—$0.16$0.12$0.34$0.19$0.16
Diluted earnings per share—$0.16$0.12$0.34$0.19$0.16
Common Stock Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3
Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3
Common Stock Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3
Common Stock Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3
Common stock dividends per share declared$0.3$0.3$0.3$0.3$0.3$0.3
Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3
Dividends per share declared$0.3$0.3$0.3$0.3$0.3$0.3
Common Stock Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3
Dividends per share declared$0.3$0.3$0.3$0.3$0.3$0.3
Dividends per share declared$0.3$0.3$0.3$0.3$0.3$0.3
Dividends per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3
Dividends per share declared$0.25$0.25$0.25$0.25$0.25$0.25
Common Stock Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3
Common Stock Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3
Common stock dividends per share declared$0.3$0.3$0.3$0.3$0.3$0.3
Common Stock Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3
Common Stock Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3
Common stock dividends per share declared$0.3$0.3$0.3$0.3$0.3$0.3
Weighted-average shares, basic139.7M138.6M138.9M138.9M138.9M139.1M
Weighted-average shares, diluted139.7M139M139.2M139.7M138.9M139.7M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders—$22.9M$17.7M$47.7M$26.1M$23.2M
Common Dividends Declared (Per Share)$0.3$0.3$0.3$0.3$0.3$0.3
Net earnings to common—$22.9M$17.7M$47.7M$26.1M$23.2M
Net Income Available to Common Shareholders—$22.9M$17.7M$47.7M$26.1M$23.2M
Net income—$26M$20.7M$50.8M$29.2M$26.2M
Preferred stock dividends$3.1M$3.1M$3.1M$3.1M$3.1M$3.1M
Net income attributable to common stock—$22.9M$17.7M$47.7M$26.1M$23.2M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$2.4M$2.5M$2.5M$2.8M$3.4M$4M
General and administrative$7.2M$6.7M$6.6M$6.7M$7.5M$6M
Stock-based compensation expense$4M$3.4M$3.4M$3.4M$3.4M$3M
Real Estate Owned Operating Costs And Expenses$20.1M$20.8M$21.1M$19.5M$23.9M$18.2M
Other operating expenses$38.5M$38.4M$38.6M$37.5M$43.4M$36.3M
Provision for credit losses$0$4M$3.1M-$6.4M$2.5M-$3.3M
Total operating expenses$38.5M$38.4M$38.6M$37.5M$43.4M$36.3M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes—$26.1M$20.9M$51M$29.1M$26.5M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$114K$116K$116K$234K—$230K

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net interest income$43.5M$39.5M$43.1M$40M$44.1M$36.1M
Total revenue$70.5M$65.8M$70.9M$61.6M$73.3M$58.6M