Apollo Commercial Real Estate Finance (ARI) Capital Expenditures (2021 - 2026)
Apollo Commercial Real Estate Finance's (ARI) quarterly Capital Expenditures came in at $12.8 million in Q1 2026, down 48.4% YoY from $24.9 million in Q1 2025, and down 30.11% on a QoQ basis from $18.4 million in Q4 2025.
Apollo Commercial Real Estate Finance (ARI) Capital Expenditures (2021 - 2026) Analysis & Trends
Apollo Commercial Real Estate Finance (ARI) has 6 years of Capital Expenditures data on file, last reported at $12.8 million in Q1 2026.
- Quarterly Capital Expenditures fell 48.4% year-over-year to $12.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $88.2 million (down 43.65% YoY) and the FY2025 annual result came in at $100.2 million, down 40.88% from the prior year.
- Capital Expenditures eased to $12.8 million in Q1 2026, from $18.4 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $46.2 million in Q4 2024 to a low of $34000.0 in Q2 2022.
- A 5-year average of $22.8 million and a median of $21.1 million in 2022 frame the typical range for Capital Expenditures.
- Annual changes were most pronounced in 2023 — Capital Expenditures jumped 44905.88% — and 2025, when it sank 60.28%.
- Tracing ARI's Capital Expenditures over 5 years: stood at $11.9 million in 2022, then soared by 114.27% to $25.4 million in 2023, then jumped by 81.7% to $46.2 million in 2024, then slumped by 60.28% to $18.4 million in 2025, then tumbled by 30.11% to $12.8 million in 2026.
- The last three Capital Expenditures figures came in at $12.8 million (Q1 2026), $18.4 million (Q4 2025), and $24.5 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 7.65 Bn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | - |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | - |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 109.92 Mn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | - |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | - |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | - |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | - |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | - |
| 10 | Apollo Commercial Real Estate Finance | 894.23 Mn | -345.25 Mn | - | 9.38 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 9.38 Mn |
| Jun 30, 2026 | 9.38 Mn |
| Mar 31, 2026 | 12.83 Mn |
| Mar 31, 2026 | 12.83 Mn |
| Dec 31, 2025 | 18.36 Mn |
| Dec 31, 2025 | 18.36 Mn |
| Sep 30, 2025 | 24.49 Mn |
| Sep 30, 2025 | 24.49 Mn |
| Jun 30, 2025 | 32.50 Mn |
| Jun 30, 2025 | 32.50 Mn |
| Mar 31, 2025 | 24.87 Mn |
| Mar 31, 2025 | 24.87 Mn |
| Dec 31, 2024 | 46.23 Mn |
| Dec 31, 2024 | 46.23 Mn |
| Sep 30, 2024 | 44.94 Mn |
| Sep 30, 2024 | 44.94 Mn |
| Jun 30, 2024 | 40.44 Mn |
| Jun 30, 2024 | 40.44 Mn |
| Mar 31, 2024 | 37.90 Mn |
| Mar 31, 2024 | 37.90 Mn |