ARI at a glance
Apollo Commercial Real Estate Finance, Inc. (ARI, SEC CIK 1467760) filed its latest 10-K annual report on February 10, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on September 29, 2026 and Form 4 insider filings as recently as August 27, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Apollo Commercial Real Estate Finance, Inc. (ARI) reported revenue of $271.6 million (down 10.6% from FY2024) and net income of $126.7 million. Diluted EPS was $0.81.
- As of June 30, 2026, 27 institutional investment managers tracked by SignalX reported holding Apollo Commercial Real Estate Finance, Inc. (ARI) shares worth $435.8 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by SALVATI MICHAEL on August 25, 2026 of 125 shares at $6.86 per share.
- In the last 90 days, ARI insiders reported 0 open-market purchases ($0) and 2 open-market sales ($7K) on Form 4, a net sale of $7K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $271.6M
- −10.6% vs prior year
- Insiders · 90 days
- 0 buys · 2 sells
- Net −$7K
- 13F holders
- 27 funds
- $435.8M · −1 vs prior quarter
- Latest 8-K
- Sep 29, 2026
- Item 1.01 · Item 5.07
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Originates, acquires, manages performing commercial first mortgage loans, subordinate financings, commercial real estate debt investments as a REIT
- New emphasis: Consolidation of Barclays securitization vehicle ACRE Debt 2 PLC as VIE, enhancing control over securitized commercial mortgage assets
- Strategic positioning: Returned to net income $126.7M in 2025 from net loss $(119.6)M in 2024, driven by $8.7B commercial mortgage loans (29.7% YoY growth)
- Quantitative highlight: Increase in commercial mortgage loans from $6.7B (2024) to $8.7B (2025); secured debt arrangements rose to $6.27B from $4.81B
- Noteworthy detail: Significant foreign currency translation gain of $99.5M in 2025 reversing prior year $(37.5)M loss, impacting income volatility
Risk Factors
- Cybersecurity breach risk with potential disruption, fund misappropriation, and damage to business relationships
- Board-level oversight by AGM audit committee with quarterly cyber risk updates from CISO and risk management teams
- Dependency on Apollo Technology and ERM teams for cybersecurity threat detection, mitigation, and incident response
- Regular third-party and independent cybersecurity reviews informing risk management and compliance efforts
Management Discussion & Analysis
- Best performing segment not specified; discussion centers on real estate owned and loan loss allowances without segment profit data
- Capital allocation details (buybacks, dividends, capex) not addressed in provided text
- Forward-looking risk: CECL allowance sensitive to macroeconomic forecasts and loan performance assumptions impacting credit loss estimates
AI summary of the ARI 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Loan portfolio sale completed on Closing Date, excluding repaid loans and Chicago Hotel Loan
- No outstanding loans or CECL allowance as of June 30, 2026
- No material changes to critical accounting policies from most recent Form 10-K
- Real estate valuation remained sensitive to projected cash flows, capitalization rates, discount rates, and comparable properties
Risk Factors
- No risk-factors section provided in the submitted filing text
- New $150.0 million stock-repurchase program approved April 27, 2026
- Repurchases totaled 8,579,855 shares at $10.85 average price
- Remaining repurchase authorization $99,185,213 as of June 30, 2026
AI summary of the ARI 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 1.01: Entry into a Material Definitive Agreement
- Management agreement termination tied to ARI’s dissolution becoming effective upon Maryland SDAT acceptance
- Manager waives any termination fee, reducing potential wind-down obligations
Item 5.07: Submission of Matters to a Vote of Security Holders
- Stockholders approved ARI’s dissolution, asset liquidation, and business wind-up plan
- 73,456,215 shares represented, equal to approximately 57.1% of outstanding voting shares
Item 8.01: Other Events
- ARI indefinitely suspends its Direct Stock Purchase and Dividend Reinvestment Plan effective September 29, 2026
- Future dividends issued entirely in cash, eliminating automatic dividend reinvestment for participating stockholders
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results for quarter ended June 30, 2026
- Summary press release and detailed presentation issued August 10, 2026
Item EX-99.1: Item EX-99.1
- Q2 2026 results: GAAP earnings $0.11 per diluted share
- Distributable Earnings $(2.62) per diluted share, including realized investment and debt-extinguishment losses
AI summaries of ARI 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for ARI
Don't miss the next ARI filing
- Alerts as it files. A push when ARI files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut ARI, by share count.
- Ask anything. An AI agent that reads every ARI filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| SALVATI MICHAEL | Sell | Aug 25, 2026 | 125 | $6.86 |
| SALVATI MICHAEL | Sell | Aug 25, 2026 | 835 | $6.86 |
| Whonder Carmencita N.M. | Sell | May 13, 2026 | 4,574 | $10.93 |
| Whonder Carmencita N.M. | A | Apr 1, 2026 | 9,587 | - |
| Prince Scott | A | Apr 1, 2026 | 9,587 | - |
| BIDERMAN MARK C | A | Apr 1, 2026 | 9,587 | - |
| Carlton Pamela G | A | Apr 1, 2026 | 9,587 | - |
| Kasdin Robert A | A | Apr 1, 2026 | 9,587 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|
| Profitability | ||||
| Revenue | $344.6M | $303.7M | $271.6M | |
| Net Income | $58.1M | -$119.6M | $126.7M | |
| Net Margin | 16.9% | -39.4% | 46.7% | |
| Balance Sheet | ||||
| Total Assets | $9.3B | $8.4B | $9.9B | |
| Equity | $2.2B | $1.9B | $1.9B | |
| ROE | 2.6% | -6.4% | 6.8% | |
| Per Share | ||||
| EPS | $0.29 | $-0.97 | $0.81 | |
| Cash Flow | ||||
| Operating CF | $273.9M | $200.3M | $142.5M | |
Source: XBRL data in Apollo Commercial Real Estate Finance, Inc. (ARI)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate ARI share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 27 | $435.8M |
| Q1 2026 | 28 | $558.1M |
| Q4 2025 | 25 | $510.5M |
| Q3 2025 | 29 | $538.2M |
| Q2 2025 | 27 | $505.1M |
| Q1 2025 | 25 | $288.9M |
| Q4 2024 | 19 | $234.0M |
| Q3 2024 | 16 | $109.9M |
- Millennium Management+3.28M (+255%)
- Citadel Advisors LLC+714.7K (+664%)
- Goldman Sachs Group+665.5K (+146%)
- Wells Fargo & Co+269.9K (+123%)
- Two Sigma Investments+183.7K (+92%)
- BlackRock−9.25M (-44%)
- State Street Corp−1.93M (-37%)
- Invesco Ltd−1.86M (-86%)
- Vanguard Portfolio Management LLC−1.85M (-23%)
- Vanguard Capital Management LLC−379.4K (-6%)
- Truist Financial+15.6K
- Principal Financial Group−640.3K
- Renaissance Technologies LLC−327.5K
Source: 13F-HR filings on SEC EDGAR (aggregated from 196 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
ARI filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 29, 2026 | - | Analysis | - |
| 8-K | Sep 16, 2026 | - | Analysis | - |
| 4 | Aug 27, 2026 | - | - | - |
| 8-K | Aug 11, 2026 | - | Analysis | - |
| 10-Q | Aug 10, 2026 | Jun 30, 2026 | Analysis | |
| SC 13G | Jul 30, 2026 | - | - | |
| SC 13G | Jul 30, 2026 | - | - | |
| 8-K | Jul 13, 2026 | - | Analysis | - |
| 8-K | Jun 16, 2026 | - | Analysis | - |
| 8-K | May 15, 2026 | - | Analysis | |
| 4 | May 15, 2026 | - | - | |
| 8-K | Apr 29, 2026 | - | Analysis | - |
| SC 13G | Apr 29, 2026 | - | - | |
| SC 13G | Apr 28, 2026 | - | - | |
| 10-Q | Apr 28, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | Apr 24, 2026 | - | Analysis | - |
| 8-K | Apr 22, 2026 | - | Analysis | - |
| 4 | Apr 3, 2026 | - | - | - |
| 4 | Apr 3, 2026 | - | - | - |
| 4 | Apr 3, 2026 | - | - | - |
| 4 | Apr 3, 2026 | - | - | - |
| 4 | Apr 3, 2026 | - | - | - |
| 4 | Apr 3, 2026 | - | - | - |
| 4 | Apr 3, 2026 | - | - | - |
| 8-K | Feb 11, 2026 | - | - |
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ARI SEC filings: frequently asked questions
Are ARI insiders buying or selling?
In the last 90 days, Apollo Commercial Real Estate Finance, Inc. (ARI) officers, directors and 10% owners reported no open-market purchases and 2 open-market sales worth $6,586 by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold ARI stock?
As of June 30, 2026, the largest Apollo Commercial Real Estate Finance, Inc. (ARI) holders among the 13F filers tracked by SignalX were BlackRock ($127.4 million), Vanguard Portfolio Management LLC ($65.0 million), Vanguard Capital Management LLC ($64.4 million), Millennium Management ($48.7 million), State Street Corp ($35.6 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was ARI's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Apollo Commercial Real Estate Finance, Inc. (ARI) reported revenue of $271.6 million (down 10.6% from FY2024) and net income of $126.7 million. Diluted EPS was $0.81. The figures come from the XBRL data in the 10-K.
What are the main risks in ARI's latest 10-K?
In the 10-K filed February 10, 2026, Apollo Commercial Real Estate Finance, Inc. (ARI) flagged: Cybersecurity breach risk with potential disruption, fund misappropriation, and damage to business relationships. Board-level oversight by AGM audit committee with quarterly cyber risk updates from CISO and risk management teams. (AI summary of the Risk Factors section.)
What did ARI report in its latest 8-K?
Apollo Commercial Real Estate Finance, Inc. (ARI) filed an 8-K on September 29, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement) and Item 5.07 (Submission of Matters to a Vote of Security Holders). Management agreement termination tied to ARI’s dissolution becoming effective upon Maryland SDAT acceptance.
What are the latest ARI SEC filings?
Apollo Commercial Real Estate Finance, Inc. (ARI) filed its latest 10-K annual report on February 10, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on September 29, 2026 and a Form 4 insider filing on August 27, 2026.
What is ARI's SEC CIK number?
Apollo Commercial Real Estate Finance, Inc. (ARI)'s SEC Central Index Key (CIK) is 1467760. EDGAR lists every ARI filing under that number.
Ask anything about ARI
The research agent reads ARI's filings, financials, insider trades and 13F holders, then answers with sources.