Apollo Commercial Real Estate Finance (ARI) Company Report

Apollo Commercial Real Estate Finance (ARI) reported GAAP net income of $48 million or $0.34 per diluted share, and distributable earnings of $42 million or $0.30 per share for Q3 2025. Run rate distributable earnings were $0.23 per share, slightly below the dividend level.
ARI committed to an additional $1 billion in new loans during Q3 2025, bringing year-to-date originations to $3 billion. Repayments and sales totaled $1.3 billion in the quarter, with year-to-date repayments reaching $2.1 billion.
The loan portfolio's carrying value was $8.3 billion at quarter-end, with a weighted average unleveraged yield of 7.7%. 54% of the portfolio consists of loans originated after the 2022 rate hikes.
ARI maintained $312 million in liquidity and reduced its leverage to 3.8 times from 4.1 times in the prior quarter. The revolving credit facility was upsized by $115 million and extended to August 2028.
Significant progress was made on focus assets, including six new contracts signed at 111 West 57th Street, with three closing post-quarter generating $55 million in proceeds. The company expects to complete the exit of 111 West 57th Street in early 2026 and The Brooke in the second half of 2026.

Oct 31, 2025, 2:00 PM

Apollo Commercial Real Estate Finance Announces Q3 2025 Financial Results

ARI

Earnings

Dividends

New Projects/Investments

Apollo Commercial Real Estate Finance (ARI) reported net income available to common stockholders of $48 million, or $0.34 per diluted share, and Distributable Earnings of $42 million, or $0.30 per diluted share, for Q3 2025.
The company declared common stock dividends of $0.25 per share for Q3 2025.
ARI's total loan portfolio stood at $8.3 billion as of September 30, 2025, with $1.0 billion committed to new loans and $1.3 billion in loan repayments and sales during the quarter.
The company ended Q3 2025 with $312 million of total liquidity, including $259 million of cash, and a total common equity book value of $1.8 billion.

Oct 31, 2025, 2:00 PM

ARI Reports Q3 2025 Financial Results and Operational Updates

ARI

Earnings

New Projects/Investments

Debt Issuance

For Q3 2025, Apollo Commercial Real Estate Finance (ARI) reported GAAP net income of $48 million, or $0.34 per diluted share, and distributable earnings of $42 million, or $0.30 per share. The book value per share, excluding general CECL allowance and depreciation, was $12.73 at quarter-end.
ARI originated $1 billion in new loans during Q3 2025, bringing year-to-date originations to $3 billion, and recorded $1.3 billion in repayments and sales for the quarter. The loan portfolio's carrying value was $8.3 billion, with 54% of the portfolio representing loans originated post-2022 rate hikes.
The company made progress on its focus assets, including six new contracts signed at 111 West 57th Street, three of which closed post-quarter end, generating approximately $55 million in proceeds. Exits for 111 West 57th Street are anticipated in early 2026, and The Brooke in late 2026.
ARI maintained strong liquidity of $312 million and reduced its leverage to 3.8 times at September 30, 2025. The company also upsized its revolving credit facility by $115 million and extended its maturity to August 2028.

Oct 31, 2025, 2:00 PM

Apollo Commercial Real Estate Finance Reports Q3 2025 Results with Strong Origination and Capital Rotation

ARI

Earnings

New Projects/Investments

Debt Issuance

Apollo Commercial Real Estate Finance (ARI) reported Q3 2025 GAAP net income of $48 million or $0.34 per diluted share, and distributable earnings of $42 million or $0.30 per share.
The company committed to $1 billion in new loans during Q3 2025, bringing year-to-date originations to $3 billion, with the loan portfolio's carrying value reaching $8.3 billion.
Repayments and sales totaled $1.3 billion in Q3 2025, and ARI made significant progress on focus assets, including six new contracts signed at 111 West 57th Street and an anticipated exit from The Brooke in the second half of 2026.
ARI maintained strong liquidity of $312 million and reduced its leverage to 3.8x at September 30, while upsizing its revolving credit facility by $115 million and extending its maturity to August 2028.

Oct 31, 2025, 2:00 PM

Apollo Commercial Real Estate Finance, Inc. Reports Q3 2025 Results

ARI

Earnings

Dividends

New Projects/Investments

Apollo Commercial Real Estate Finance, Inc. (ARI) reported net income attributable to common stockholders of $0.34 per diluted share and Distributable Earnings of $0.30 per diluted share for the third quarter of 2025.
The company declared common stock dividends of $0.25 per share for the quarter ended September 30, 2025.
ARI originated $1.0 billion in new loans during Q3 2025, contributing to a total loan portfolio of $8.3 billion, which is 98% first mortgages and 98% floating rate with a weighted-average unlevered all-in yield of 7.7%.
As of September 30, 2025, ARI maintained $312 million in total liquidity and increased its revolving credit facility by $115 million to $275 million, extending its maturity to August 2028.

Oct 30, 2025, 11:26 PM

Earnings Transcripts

Quarterly earnings call transcripts for Apollo Commercial Real Estate Finance.

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