Apollo Commercial Real Estate Finance, Inc. (ARI) FY2025 10-K Annual Report

Filed: Feb 10, 2026
Financials
Real Estate Investment TrustsSEC EDGAR

Apollo Commercial Real Estate Finance, Inc. (ARI) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 10, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Apollo Commercial Real Estate Finance, Inc. FY2025 10-K Analysis

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
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Management Discussion & Analysis

  • No revenue or profitability figures disclosed in MD&A; focus on accounting policies, real estate valuation, and credit loss methodologies
  • Best performing segment not specified; discussion centers on real estate owned and loan loss allowances without segment profit data
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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
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Apollo Commercial Real Estate Finance, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$272M

-10.6% YoY

Net Income

$127M

+205.9% YoY

Net Margin

46.7%

+8606bp YoY

ROE

6.8%

+1321bp YoY

Total Assets

$9.9B

+17.7% YoY

EPS (Diluted)

$0.81

+183.5% YoY

Operating Cash Flow

$143M

-28.8% YoY

Source: XBRL data from Apollo Commercial Real Estate Finance, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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