Apollo Commercial Real Estate Finance, Inc. (ARI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
C/O APOLLO GLOBAL MANAGEMENT, LLC NEW YORK, NY 10019 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 317,396 | 225,438 | 222,030 | 343,106 | 325,498 | 452,282 | |||
| Cash and cash equivalent | 317,396 | 225,438 | 222,030 | 343,106 | 325,498 | 452,282 | |||
| Financing receivable, excluding accrued interest, after allowance for credit loss | ✕ | ✕ | (7,000) | (7,000) | ✕ | ✕ | |||
| Total current assets: | 317,396 | 218,438 | 215,030 | 343,106 | 325,498 | 452,282 | |||
| Noncurrent Assets | |||||||||
| Other undisclosed assets | 8,094,195 | 9,078,292 | 9,353,322 | 8,073,589 | 6,614,522 | 6,436,081 | |||
| TOTAL ASSETS: | 8,411,591 | 9,296,730 | 9,568,352 | 8,416,695 | 6,940,020 | 6,888,363 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 3,078,366 | ||||||||
| Total current liabilities: | 3,078,366 | ||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 6,537,110 | 7,087,997 | 7,213,848 | 6,122,069 | 4,669,491 | 1,180,022 | |||
| Total liabilities: | 6,537,110 | 7,087,997 | 7,213,848 | 6,122,069 | 4,669,491 | 4,258,388 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,874,481 | 2,208,733 | 2,354,504 | 2,294,626 | 2,270,529 | 2,629,975 | |||
| Preferred stock | 68 | 68 | 68 | 68 | 68 | ||||
| Common stock | 1,382 | 1,414 | 1,406 | 1,399 | 1,393 | 1,535 | |||
| Additional paid in capital | 2,695,701 | 2,727,488 | 2,716,907 | 2,721,042 | 2,707,792 | 2,825,317 | |||
| Accumulated deficit | (822,670) | (520,237) | (363,877) | (427,883) | (438,724) | (196,945) | |||
| Other undisclosed equity, attributable to parent | 68 | ||||||||
| Total equity: | 1,874,481 | 2,208,733 | 2,354,504 | 2,294,626 | 2,270,529 | 2,629,975 | |||
| TOTAL LIABILITIES AND EQUITY: | 8,411,591 | 9,296,730 | 9,568,352 | 8,416,695 | 6,940,020 | 6,888,363 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 303,671 | 344,591 | 303,640 | 284,510 | 269,887 | 322,475 | ||
| Net investment income | 699,389 | 701,002 | 456,513 | 327,702 | 309,134 | 322,475 | ||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (155,784) | (59,428) | (125,600) | (20,000) | ||||
| Gross profit: | 147,887 | 285,163 | 303,640 | 284,510 | 144,287 | 302,475 | ||
| Operating expenses | (159,120) | (148,505) | (121,153) | (89,573) | (66,599) | (64,831) | ||
| Operating income (loss): | (11,233) | 136,658 | 182,487 | 194,937 | 77,688 | 237,644 | ||
| Nonoperating income (expense) | (32,978) | 56,647 | (113,905) | (27,866) | 28,520 | 7,506 | ||
| Investment income, nonoperating | (14,425) | |||||||
| Gain (loss), foreign currency transaction, before tax | (37,476) | 52,031 | (116,399) | (31,687) | 26,916 | 19,818 | ||
| Other nonoperating income | 4,498 | 4,616 | 2,494 | 3,821 | 1,604 | 2,113 | ||
| Interest and debt expense | 495 | (270,525) | (162,522) | (148,891) | (152,926) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (44,211) | 193,800 | (201,943) | 4,549 | (42,683) | 92,224 | ||
| Other undisclosed loss from continuing operations before income taxes | (75,031) | (135,231) | ||||||
| Income (loss) from continuing operations before income taxes: | (119,242) | 58,569 | (201,943) | 4,549 | (42,683) | 92,224 | ||
| Income tax expense | (394) | (442) | ||||||
| Income (loss) from continuing operations: | (119,636) | 58,127 | (201,943) | 4,549 | (42,683) | 92,224 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 4,549 | (42,683) | 92,224 | |
| Net income (loss): | (119,636) | 58,127 | (201,943) | 4,549 | (42,683) | 92,224 | ||
| Other undisclosed net income attributable to parent | 467,175 | 218,966 | 61,060 | 137,950 | ||||
| Net income (loss) attributable to parent: | (119,636) | 58,127 | 265,232 | 223,515 | 18,377 | 230,174 | ||
| Preferred stock dividends and other adjustments | (12,272) | (12,272) | (12,272) | (12,964) | (13,540) | (18,525) | ||
| Net income (loss) available to common stockholders, basic: | (131,908) | 45,855 | 252,960 | 210,551 | 4,837 | 211,649 | ||
| Interest on convertible debt | 25,385 | 35,020 | 35,173 | |||||
| Other undisclosed net income (loss) available to common stockholders, diluted | (4,353) | (29,517) | (38,897) | (35,173) | ||||
| Net income (loss) available to common stockholders, diluted: | (131,908) | 41,502 | 248,828 | 206,674 | 4,837 | 211,649 | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (119,636) | 58,127 | (201,943) | 4,549 | (42,683) | 92,224 | ||
| Comprehensive income (loss): | (119,636) | 58,127 | (201,943) | 4,549 | (42,683) | 92,224 | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 119,425 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (119,636) | 58,127 | (201,943) | 4,549 | (42,683) | 211,649 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.