← Apollo Commercial Real Estate Finance, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total net revenue | — | — | — | $334.5m | $278.7m | $284.5m | $303.6m | $344.6m | $303.7m | $271.6m | — | |
| Revenue from real estate owned operations | — | — | — | $0 | $0 | $18.9m | $62.1m | $92.4m | $104.7m | $104.9m | — | |
| Net interest income | $200.6m |
$260.5m
+29.83%
|
$289.3m
+11.07%
|
$334.5m
+15.62%
|
$278.7m
-16.68%
|
$265.6m
-4.70%
|
$241.6m
-9.04%
|
$252.2m
+4.39%
|
$199.0m
-21.09%
|
$166.7m
-16.23%
|
$163.3m
-2.05%
|
|
| General and administrative expenses (includes equity-based compensation of $13,631, $16,468 and $17,444 in 2025, 2024 and 2023, respectively) | ($25.0m) | ($20.7m) | ($20.5m) | ($24.1m) | ($26.8m) | ($28.8m) | ($29.7m) | ($29.5m) | ($29.6m) | ($27.4m) | $26.7m | |
| Operating expenses related to real estate owned | — | — | — | $0 | $0 | ($19.9m) | ($52.4m) | ($72.8m) | ($81.7m) | ($85.2m) | — | |
| Total operating expenses | ($48.4m) | ($52.4m) | ($56.9m) | ($64.8m) | ($66.6m) | ($89.6m) | ($121.2m) | ($148.5m) | ($159.1m) | ($158.0m) | — | |
| Interest expense | ($63.8m) | ($78.1m) | ($114.6m) | ($152.9m) | ($148.9m) | ($162.5m) | ($270.5m) | ($466.1m) | ($503.9m) | ($460.1m) | $469.0m | |
| Interest income from commercial mortgage loans | $102.9m | $158.6m | $263.7m | $322.5m | $309.1m | $327.7m | $456.5m | $701.0m | $699.4m | $625.5m | $632.2m | |
| Interest income from subordinate loans and other lending assets | $122.4m | $165.3m | $140.2m | $164.9m | $118.4m | $100.4m | $55.6m | $17.3m | $3.5m | $1.3m | $632.2m | |
| Foreign currency translation gain (loss) | ($29.3m) | $18.5m | ($30.3m) | $19.8m | $26.9m | ($31.7m) | ($116.4m) | $52.0m | ($37.5m) | $99.5m | — | |
| Gain (loss) on sale of derivatives | — | — | $0 | ($14.5m) | ($39.2m) | $43.0m | $147.0m | ($48.6m) | $53.2m | ($98.7m) | — | |
| Other income, net | $1.1m | $940k | $1.4m | $2.1m | $1.6m | $3.8m | $2.5m | $4.6m | $4.5m | $7.9m | — | |
| Income from equity method investment | ($96k) | ($2.8m) | $0 | $0 | $0 | $1 | $2 | $0 | $0 | $15.4m | — | |
| Income tax provision | — | — | — | — | — | $0 | $0 | ($442k) | ($394k) | ($331k) | — | |
| Net income (loss) before taxes | — | — | — | — | — | $223.5m | $265.2m | $58.6m | ($119.2m) | $127.1m | $112.1m | |
| Net income (loss) | $157.9m |
$193.0m
+22.27%
|
$220.0m
+13.96%
|
$230.2m
+4.63%
|
$18.4m
-92.02%
|
$223.5m
+1116.28%
|
$265.2m
+18.66%
|
$58.1m
-78.08%
|
($119.6m)
-305.82%
|
$126.7m
+205.92%
|
$112.1m
-11.51%
|
|
| Net income (loss) available to common stockholders | $127.6m |
$156.3m
+22.49%
|
$192.6m
+23.28%
|
$211.6m
+9.86%
|
$4.8m
-97.71%
|
$210.6m
+4252.93%
|
$253.0m
+20.14%
|
$45.9m
-81.87%
|
($131.9m)
-387.66%
|
$114.4m
+186.76%
|
$112.1m
-2.02%
|
|
| Basic | $1.74 | $1.54 | $1.52 | $1.41 | $0.01 | $1.48 | $1.77 | $0.29 | ($0.97) | $0.81 | $0.81 | |
| Diluted | $1.74 | $1.54 | $1.48 | $1.40 | $0.01 | $1.46 | $1.68 | $0.29 | ($0.97) | $0.81 | $112,140,000.00 | |
| Dividend declared per share of common stock | $1.74 | $1.54 | $1.52 | $1.84 | $1.45 | $1.40 | $1.40 | $1.40 | $1.20 | $1.00 | — | |
| Basic weighted-average shares of common stock outstanding | 72.4m | 99.9m | 124.1m | 146.9m | 148.0m | 139.9m | 140.5m | 141.3m | 139.7m | 138.9m | — | |
| Diluted weighted-average shares of common stock outstanding | 73.3m | 101.2m | 153.8m | 175.8m | 148.0m | 168.4m | 165.5m | 141.3m | 139.7m | 138.9m | — | |
| Management fees to related party | ($23.4m) | ($31.7m) | ($36.4m) | ($40.7m) | ($39.8m) | ($38.2m) | ($38.4m) | ($38.0m) | ($36.1m) | ($34.2m) | — | |
| Depreciation and amortization on real estate owned | — | — | — | $0 | $0 | ($2.6m) | ($704k) | ($8.2m) | ($11.7m) | ($11.2m) | $12.7m | |
| Decrease (increase) in current expected credit loss allowance, net | — | — | ($20.0m) | ($20.0m) | ($125.6m) | $34.8m | $17.6m | ($59.4m) | ($155.8m) | ($3.2m) | — | |
| Net realized loss on investments | — | — | — | — | — | — | $18.7m | ($86.6m) | ($128.2m) | ($7.4m) | — | |
| Gain on extinguishment of debt | $0 | ($1.9m) | ($2.6m) | $0 | $0 | $0 | $0 | $495k | $0 | $0 | — | |
| Preferred dividends | ($30.3m) | ($36.8m) | ($27.3m) | ($18.5m) | ($13.5m) | ($13.0m) | ($12.3m) | ($12.3m) | ($12.3m) | ($12.3m) | — |