Apollo Commercial Real Estate Finance, Inc.
At today's price, Apollo Commercial Real Estate Finance, Inc. (ARI) is priced for 8.9% return on equity. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Apollo Commercial Real Estate Finance is a commercial mortgage lender that originates floating-rate first mortgages on commercial property, run by an arm of Apollo, and at $10.83 it trades below its own net worth of about $12.01 a share [Source: Q1 2026 earnings, May 2026]. • The price pays roughly 0.8 times book and assumes the firm earns a return on equity near 9% against the roughly 6% to 7% it has earned recently, so the bet is on the lending engine closing that gap rather than on growth.
Is ARI overvalued? See what's priced in →
259 institutional managers reported holding ARI in 13F filings for the quarter ended 2026-03-31. Together they hold about 61% of the company; the top 10 hold 42%. 39 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 6.3M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (6.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ARI has cut its share count 0.6% over the past five years, spending $71.09M on repurchases. It pays a dividend, and has paid one every year in our records (16 and counting); the current rate is $1.00 a share annually. Cash returned over the past three years: $463.75M in dividends and $71.09M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at ARI over the trailing three years. Absence is a fact about the company, not a signal. 9 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ARI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2020-02-14 | -0.4% | -54.8% |
| 2020-05-08 | +1.7% | +17.2% |
| 2020-07-31 | -4.3% | +1.7% |
| 2020-10-27 | -1.7% | +28.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ARI's latest 8-K filings: 2026-07-13 (items 5.07); 2026-06-16 (items 8.01, 9.01); 2026-05-15 (items 5.02); 2026-04-29 (items 2.02, 9.01); 2026-04-24 (items 1.01, 1.02, 2.01, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.