Apollo Commercial Real Estate Finance, Inc. (ARI) FY2025 10-K Annual Report
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
- • 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
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
- • 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
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
Apollo Commercial Real Estate Finance, Inc. FY2025 Key Financial MetricsXBRL
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.
Get deeper insights on Apollo Commercial Real Estate Finance, Inc.
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.