ARI
Apollo Commercial Real Estate Finance, Inc.
NYSEUSDEQUITY
Real Estate
DELAYED
Sell
-34/100
Last price
6.27
▲ 0.04 (0.60%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
6.24
Prev close
6.23
Day high
6.29
Day low
6.19
Volume
2.95M
Market cap
$803.40M
P/E (TTM)
7.81
52W range
6.11 – 11.24
Day trading desk
Gap from prior close
+0.16%
Prior close 6.23
VWAP
6.24
+0.43% from price
Relative volume
1.56×
Unusually busy
Session range
1.53%
6.19 – 6.28
Position in range
81%
Near session high
ATR (14D)
0.12
1.86% of price
Prior day high
6.26
PDH
Prior day low
6.11
PDL
Bid / ask spread
—
Quote not published
Session volume
6.05M
Avg 3.89M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+0.32%
-1.6%
1M
-9.16%
-10.3%
3M
-38.36%
-42.9%
6M
-40.36%
-58.5%
YTD
-35.43%
-49.7%
1Y
-39.14%
-55.6%
3Y
-38.30%
-120.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on ARI open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+32.81K
Net buying
Buy transactions
4
38.35K shares
Sell transactions
2
5.53K shares
Net transactions
+6
Buys less sells
Sell : buy shares
0.1 : 1
Mixed
Insider-held shares
728.24K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 25, 26 | SALVATI MICHAEL E Director |
SELL | 960 | $6.59K | |
| May 13, 26 | WHONDER CARMENCITA N.M. Director |
SELL | 4.57K | $49.99K | Direct |
| Apr 1, 26 | ROMANDO BRENNA HAYSOM Director |
STOCK | 9.59K | $0 | Direct |
| Apr 1, 26 | WHONDER CARMENCITA N.M. Director |
STOCK | 9.59K | $0 | Direct |
| Apr 1, 26 | SALVATI MICHAEL E Director |
STOCK | 9.59K | $0 | Direct |
| Apr 1, 26 | BIDERMAN MARK C Director |
STOCK | 9.59K | $0 | Direct |
| Apr 1, 26 | CARLTON PAMELA G Director |
STOCK | 9.59K | $0 | Direct |
| Apr 1, 26 | KASDIN ROBERT A Director |
STOCK | 9.59K | $0 | Direct |
| Apr 1, 26 | PRINCE SCOTT STEVEN Director |
STOCK | 9.59K | $0 | Direct |
| Dec 30, 25 | MIRONOVA ANASTASIA G. Chief Financial Officer |
STOCK | 34.83K | $0 | Direct |
| Dec 30, 25 | ROTHSTEIN STUART A Chief Executive Officer |
STOCK | 109.45K | $0 | Direct |
| Dec 15, 25 | ROTHSTEIN STUART A Chief Executive Officer |
SELL | 52.07K | $529.13K | Direct |
| Sep 15, 25 | ROTHSTEIN STUART A Chief Executive Officer |
SELL | 52.07K | $561.27K | Direct |
| Jun 16, 25 | ROTHSTEIN STUART A Chief Executive Officer |
SELL | 52.07K | $511.82K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BIDERMAN MARK C |
Director | 70.37K | Stock Award(Grant) |
CARLTON PAMELA G |
Director | 49.27K | Stock Award(Grant) |
KASDIN ROBERT A |
Director | 114.63K | Stock Award(Grant) |
MIRONOVA ANASTASIA G. |
Chief Financial Officer | 81.67K | Stock Award(Grant) |
PRINCE SCOTT STEVEN |
Director | 60.90K | Stock Award(Grant) |
ROMANDO BRENNA HAYSOM |
Director | 90.53K | Stock Award(Grant) |
ROTHSTEIN STUART A |
Chief Executive Officer | 339.16K | Stock Award(Grant) |
SALVATI MICHAEL E |
Director | — | Sale |
WHONDER CARMENCITA N.M. |
Director | 24.80K | Sale |
Fundamentals
Market cap$803.40M
Enterprise value$-66.66M
Revenue (TTM)$624.29M
Gross profit$539.66M
EBITDA—
Net income$109.18M
EPS (TTM)$0.80
Free cash flow—
Total cash$1.24B
Total debt$371.43M
Book value / share$9.79
Shares outstanding128.54M
Float102.04M
Short % of float3.68%
Dividend yield16.00%
Beta (5Y)1.48
Valuation & profitability ratios
Trailing P/E7.81
Forward P/E27.54
PEG ratio1.33
Price / sales—
Price / book0.64
EV / revenue-0.11
EV / EBITDA—
Gross margin86.44%
Operating margin91.25%
Profit margin21.14%
Return on equity8.51%
Return on assets2.21%
Debt / equity29.60
Current ratio2.43
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $272.83M | $195.66M | $266.01M | $368.76M | +39.4% |
| Operating revenue | $272.83M | $195.66M | $266.01M | $368.76M | +39.4% |
| Selling, general & admin | $27.41M | $29.65M | $29.52M | $29.66M | -7.6% |
| Pre-tax income | $127.05M | -$119.24M | $58.57M | $265.23M | +206.5% |
| Tax provision | $331.00K | $394.00K | $442.00K | $0 | -16.0% |
| Net income | $126.72M | -$119.64M | $58.13M | $265.23M | +205.9% |
| Net income to common | $111.91M | -$135.16M | $41.50M | $248.83M | +182.8% |
| Basic EPS | 0.81 | -0.97 | 0.29 | 1.77 | +183.5% |
| Diluted EPS | 0.81 | -0.97 | 0.29 | 1.68 | +183.5% |
| Basic shares | 138.87M | 139.67M | 141.28M | 140.53M | -0.6% |
| Diluted shares | 138.87M | 139.67M | 141.28M | 165.50M | -0.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $139.82M | $317.40M | $225.44M | $222.03M | -55.9% |
| Accounts receivable | $70.83M | $58.47M | $72.35M | $65.38M | +21.1% |
| Total assets | $9.90B | $8.41B | $9.30B | $9.57B | +17.7% |
| Current debt | $6.27B | $4.81B | $5.54B | $5.30B | +30.2% |
| Long-term debt | $1.65B | $1.58B | $1.42B | $1.67B | +4.7% |
| Total debt | $7.92B | $6.39B | $6.95B | $6.97B | +23.9% |
| Total liabilities | $8.04B | $6.54B | $7.09B | $7.21B | +23.1% |
| Retained earnings | -$849.68M | -$822.67M | -$520.24M | -$363.88M | -3.3% |
| Shareholder equity | $1.86B | $1.87B | $2.21B | $2.35B | -1.0% |
| Net tangible assets | $1.86B | $1.87B | $2.21B | $2.35B | -1.0% |
| Shares issued | 138.94M | 138.17M | 141.36M | 140.60M | +0.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $126.72M | -$119.64M | $58.13M | $265.23M | +205.9% |
| Depreciation & amortisation | $11.17M | $11.67M | $8.25M | $704.00K | -4.2% |
| Stock-based compensation | $13.63M | $16.47M | $17.44M | $18.25M | -17.2% |
| Change in working capital | -$12.32M | -$61.35M | -$14.31M | -$10.46M | +79.9% |
| Operating cash flow | $142.52M | $200.26M | $273.86M | $267.70M | -28.8% |
| Capital expenditure | -$100.21M | -$169.51M | -$72.63M | -$33.03M | +40.9% |
| Investing cash flow | -$1.39B | $577.17M | $68.42M | -$1.34B | -340.4% |
| Share buybacks | $0 | -$40.81M | $0 | $0 | +100.0% |
| Dividends paid | -$153.55M | -$198.22M | -$214.29M | -$212.85M | +22.5% |
| Financing cash flow | $1.06B | -$689.31M | -$343.36M | $957.97M | +254.5% |
| Free cash flow | $42.31M | $30.75M | $201.23M | $234.67M | +37.6% |
| End cash position | $139.82M | $317.40M | $225.44M | $222.03M | -55.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | -$285.45M | $59.71M | $75.23M | $65.11M | $63.24M | — | -578.0% |
| Operating revenue | -$285.45M | $59.71M | $75.23M | $65.11M | $63.24M | — | -578.0% |
| Selling, general & admin | $5.81M | $5.95M | $7.55M | $6.65M | $6.56M | — | -2.4% |
| Pre-tax income | $25.81M | $26.46M | $29.06M | $51.02M | $20.86M | — | -2.5% |
| Tax provision | $27.00K | $230.00K | -$135.00K | $234.00K | $116.00K | — | -88.3% |
| Net income | $25.78M | $26.23M | $29.20M | $50.79M | $20.74M | — | -1.7% |
| Net income to common | $14.16M | $22.59M | $25.46M | $46.97M | $17.11M | — | -37.3% |
| Basic EPS | 0.11 | 0.16 | — | 0.34 | 0.12 | 0.16 | -31.3% |
| Diluted EPS | 0.11 | 0.16 | — | 0.34 | 0.12 | 0.16 | -31.3% |
| Basic shares | 131.02M | 139.11M | — | 138.94M | 138.94M | 138.64M | -5.8% |
| Diluted shares | 131.60M | 139.71M | — | 139.67M | 139.21M | 138.99M | -5.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.24B | $126.85M | $139.82M | $245.86M | $177.62M | — | +877.1% |
| Accounts receivable | $0 | $58.40M | $70.83M | $65.48M | $74.89M | — | -100.0% |
| Total assets | $2.14B | $10.09B | $9.90B | $9.52B | $9.82B | — | -78.8% |
| Current debt | — | $6.49B | $6.27B | $5.90B | $6.21B | $5.22B | — |
| Long-term debt | $371.43M | $1.66B | $1.65B | $1.63B | $1.60B | — | -77.7% |
| Total debt | $371.43M | $8.16B | $7.92B | $7.52B | $7.82B | — | -95.4% |
| Total liabilities | $881.44M | $8.28B | $8.04B | $7.66B | $7.97B | — | -89.3% |
| Retained earnings | -$1.33B | -$861.27M | -$849.68M | -$840.21M | -$852.65M | — | -54.2% |
| Shareholder equity | $1.25B | $1.81B | $1.86B | $1.86B | $1.85B | — | -30.7% |
| Net tangible assets | $1.25B | $1.81B | $1.86B | $1.86B | $1.85B | — | -30.7% |
| Shares issued | 128.21M | 136.72M | 138.94M | 138.94M | 138.94M | — | -6.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $25.78M | $26.23M | $29.20M | $50.79M | $20.74M | -1.7% |
| Depreciation & amortisation | $4.63M | $3.98M | $3.40M | $2.78M | $2.53M | +16.3% |
| Stock-based compensation | $3.05M | $3.05M | $3.38M | $3.42M | $3.40M | 0.0% |
| Change in working capital | $30.95M | $8.08M | -$16.52M | $12.57M | -$6.97M | +283.2% |
| Operating cash flow | $33.92M | $12.56M | $8.24M | $31.74M | $63.23M | +170.1% |
| Capital expenditure | -$9.38M | -$12.83M | -$18.36M | -$24.49M | -$32.50M | +26.9% |
| Investing cash flow | $9.13B | -$226.73M | -$446.00M | $314.15M | -$797.70M | +4,125.1% |
| Share buybacks | -$93.24M | -$30.28M | $0 | $0 | $0 | -207.9% |
| Dividends paid | -$37.82M | -$38.67M | -$38.91M | -$37.80M | -$38.35M | +2.2% |
| Financing cash flow | -$8.05B | $200.81M | $333.05M | -$278.89M | $744.47M | -4,108.2% |
| Free cash flow | $24.54M | -$271.00K | -$10.12M | $7.25M | $30.73M | +9,156.8% |
| End cash position | $1.24B | $126.85M | $139.82M | $245.86M | $177.62M | +877.1% |
Options analytics
Put / call volume
0.00
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
2.50
-60.0% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
61
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
2.50
0 contracts
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.58 | -2.62 | -353.4% |
| Mar 2026 | 0.29 | 0.22 | -24.1% |
| Dec 2025 | 0.24 | 0.32 | +32.5% |
| Sep 2025 | 0.25 | 0.23 | -7.6% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.05 | 3 | $0 | -100.0% |
| Next quarter | 0.05 | 3 | $0 | -100.0% |
| Current year | -0.74 | 5 | $42.00M | -74.8% |
| Next year | 0.23 | 3 | $0 | -100.0% |
Analyst targets & ownership
Mean target$8.00
High target$8.25
Low target$7.75
Implied upside27.65%
Analyst count2
ConsensusBUY
Strong buy / Buy2 / 1
Hold1
Sell / Strong sell0 / 0
Held by insiders0.57%
Held by institutions82.83%
Institutions holding365
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
6.23
+0.52% from price
SMA 20
6.39
-2.12% from price
SMA 50
6.63
-5.80% from price
SMA 100
8.38
-25.18% from price
SMA 200
9.45
-33.87% from price
EMA 12
6.29
-0.44% from price
EMA 26
6.48
-3.22% from price
EMA 50
6.94
-9.71% from price
RSI (14)
31.8
Neutral
MACD (12,26,9)
-0.18
Hist 0.02
ATR (14)
0.12
1.86% of price
Realised vol 30D
13.0%
Annualised
Bollinger upper
6.73
20, 2σ
Bollinger lower
6.04
20, 2σ
50 / 200 cross
Death
6.63 vs 9.45
Trend bias
Below 200
-33.87%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.56
Less volatile than market
Correlation to SPY
0.19
Largely independent
Realised vol 30D
13.0%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-44.7%
Peak to trough
Max drawdown 5Y
-60.4%
Peak to trough
ATR 14
0.12
1.86% of price
Beta (reported)
1.48
5Y monthly, from filing
Short interest
Shares short
4.71M
Prior 6.26M
Change vs prior
-24.8%
Shorts covering
% of float
3.68%
Normal
% of shares out
3.67%
Against total outstanding
Days to cover
2.0
Liquid
Float
102.04M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jun 25, 26 | BTIG | DOWNGRADE | Buy | Neutral |
| Feb 12, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Nov 3, 25 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Oct 20, 25 | JP Morgan | UPGRADE | Neutral | Overweight |
| Oct 9, 25 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Jul 15, 25 | UBS | MAINTAINED | Neutral | Neutral |
| Jul 10, 25 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| May 21, 25 | UBS | MAINTAINED | Neutral | Neutral |
| Apr 29, 25 | JMP Securities | MAINTAINED | Market Perform | Market Perform |
| Apr 29, 25 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Apr 28, 25 | JP Morgan | MAINTAINED | Neutral | Neutral |
| Apr 16, 25 | UBS | MAINTAINED | Neutral | Neutral |
Dividends & splits
Forward rate$1.00 / yr
Forward yield16.00%
5-year avg yield11.69%
Payout ratio93.75%
Ex-dividend dateJul 16, 2026
Next pay dateJul 15, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-29
Corporate Changes & Voting Matters
8-K · 2026-09-16
Proxy Statements
DEFM14A · 2026-08-24
Corporate Changes & Voting Matters
8-K · 2026-08-11
Periodic Financial Reports
10-Q · 2026-08-10
Proxy Statements
PREM14A · 2026-07-14
Corporate Changes & Voting Matters
8-K · 2026-07-13
Proxy Statements
DEFA14A · 2026-06-16
Headlines
South African Steel Stocks Facing A Tariff Reset Investors Should Watch
Simply Wall St. · 14d ago
Apollo Commercial Real Estate Finance Q2 Earnings, Revenue Fall
MT Newswires · 57d ago
Apollo Commerical Finance: Q2 Earnings Snapshot
Associated Press · 57d ago
Apollo Commercial Real Estate Finance, Inc. Reports Second Quarter 2026 Results
GlobeNewswire · 57d ago
New Strong Sell Stocks for August 4th
Zacks · 64d ago
5 Things To Know About Apollo Commercial Real Estate Finance (ARI) Valuation Following Index Exits
Simply Wall St. · 79d ago
Top Premarket Decliners
MT Newswires · 83d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.