Apollo Commercial Real Estate Finance profit margin ARI
Gross, operating and net profit as a share of revenue over the last twelve months, from 2021.
- Net margin, 12 months
- 55.5%
- Net margin on a year earlier
- +57.0 pts
- Peer median
- 14.0%
Over the twelve months to Jun 30, 2026, Apollo Commercial Real Estate Finance kept 55.5% of its revenue as net profit.
Five years earlier its net margin was 75.7%.
The median for 10 specialty REITs of a similar size is 14.0%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin |
|---|---|
| FY2025 | 46.7% |
| FY2024 | −39.4% |
| FY2023 | 16.9% |
| FY2022 | 87.4% |
| FY2021 | 78.6% |
| FY2020 | n/a |
| FY2019 | n/a |
| FY2018 | n/a |
| FY2017 | n/a |
| FY2016 | n/a |
| FY2015 | n/a |
| FY2014 | n/a |
| FY2013 | n/a |
| FY2012 | n/a |
| FY2011 | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 55.5% | +57.0 pts | |
| Q1 FY26 | 48.0% | +44.3 pts | |
| Q4 FY25 | 46.7% | +86.1 pts | |
| Q3 FY25 | 51.4% | +87.2 pts | |
| Q2 FY25 | −1.5% | −8.8 pts | |
| Q1 FY25 | 3.8% | +32.0 pts | |
| Q4 FY24 | −39.4% | −56.3 pts | |
| Q3 FY24 | −35.8% | −38.0 pts | |
| Q2 FY24 | 7.3% | −34.9 pts | |
| Q1 FY24 | −28.2% | −119.7 pts | |
| Q4 FY23 | 16.9% | −70.5 pts | |
| Q3 FY23 | 2.2% | n/a |
Against its peers
Companies in REIT - Specialty nearest Apollo Commercial Real Estate Finance's size, closest first, today.
| Company | Profit margin |
|---|---|
| ARIApollo Commercial Real Estate Finance | 55.5% |
| SAFESafehold | 27.7% |
| CTOCTO Realty Growth | 32.6% |
| BFSSaul Centers | 11.5% |
| CSRCenterspace | 7.2% |
| ADAMAdamas Trust | n/m |
| MFAMFA Financial | n/m |
| PSTLPostal Realty Trust | 16.4% |
| CLDTChatham Lodging Trust | 4.0% |
| DEAEasterly Government Properties | 2.9% |
| PMTPennyMac Mortgage Investment Trust | 47.8% |
| Peer median | 14.0% |
Where Apollo Commercial Real Estate Finance ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Apollo Commercial Real Estate Finance
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.