ARI · XBRL financial data

Apollo Commercial Real Estate Finance financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (ARI's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	279	285	304	345	304	272
General and administrative	27	29	30	30	30	27
Total operating expenses	67	90	121	149	159	158
Interest expense	149	163	271	466	—	—
Income tax expense (benefit)	—	0	0	0	0	0
Net income (loss)	18	224	265	58	(120)	127
Earnings per share, basic USD per share	0.01	1.48	1.77	0.29	(0.97)	0.81
Earnings per share, diluted USD per share	0.01	1.46	1.68	0.29	(0.97)	0.81
Weighted average shares, basic millions of shares	148	140	141	141	140	139
Weighted average shares, diluted millions of shares	148	168	166	141	140	139

Fiscal years (ARI's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	325	343	222	225	317	140
Total assets	6,940	8,417	9,568	9,297	8,412	9,901
Total liabilities	4,669	6,122	7,214	7,088	6,537	8,045
Accumulated deficit	(439)	(428)	(364)	(520)	(823)	(850)
Total stockholders' equity	2,271	2,295	2,355	2,209	1,874	1,856
Total liabilities and equity	6,940	8,417	9,568	9,297	8,412	9,901
Common shares outstanding (cover page) millions of shares	140	141	141	142	139	140

Fiscal years (ARI's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	18	224	265	58	(120)	127
Stock-based compensation	17	18	18	17	16	14
Depreciation and amortization	0	3	1	8	12	11
Net cash from operating activities	164	199	268	274	200	143
Net cash from investing activities	(216)	(1,357)	(1,339)	68	577	(1,387)
Proceeds from issuing common stock	0	0	—	—	—	—
Share repurchases	128	0	0	0	41	0
Dividends paid	238	200	201	202	186	141
Net cash from financing activities	(75)	1,175	958	(343)	(689)	1,065
Net change in cash	(127)	18	(119)	—	—	—

SIC 6798 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6798 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Apollo Commercial Real Estate Finance	1,239	44	34*	128.2M	Q2 FY26 10-QJun 30, 2026
Alexander & Baldwin	11	51*	13*	72.9M	Q4 FY25 10-KDec 31, 2025
Sila Realty Trust	31	53	29	55.2M	Q1 FY26 10-QMar 31, 2026
Empire State Realty Trust	86	197	20*	not reported	Q2 FY26 10-QJun 30, 2026
Elme Communities	41	not reported	not reported	88.9M	Q2 FY26 10-QJun 30, 2026
EagleRock Land	62	42	not reported	not reported	Q2 FY26 10-QJun 30, 2026
Veris Residential	9.4	70	14	93.8M	Q1 FY26 10-QMar 31, 2026
NETSTREIT	42	66	42*	125.6M	Q3 FY26 10-QSep 30, 2026
UMH Properties	38	74	16*	85.7M	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.