Apollo Commercial Real Estate Finance (ARI) Capital Expenditures (2021 - 2026)

Apollo Commercial Real Estate Finance (ARI) posted Capital Expenditures of $12.8 million for Q1 2026, down 30.11% on a QoQ basis from $18.4 million in Q4 2025, and down 48.4% year-over-year from $24.9 million in Q1 2025.

Apollo Commercial Real Estate Finance (ARI) Capital Expenditures (2021 - 2026) Analysis & Trends

Apollo Commercial Real Estate Finance's Capital Expenditures history runs 6 years deep, the most recent figure standing at $12.8 million for 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 was $12.8 million for Q1 2026 at Apollo Commercial Real Estate Finance, down from $18.4 million in the prior quarter.
  • Across five years, Capital Expenditures topped out at $46.2 million in Q4 2024 and bottomed at $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 plunged 60.28%.
  • Apollo Commercial Real Estate Finance's Capital Expenditures stood at $11.9 million in 2022, then surged by 114.27% to $25.4 million in 2023, then soared by 81.7% to $46.2 million in 2024, then plunged by 60.28% to $18.4 million in 2025, then sank by 30.11% to $12.8 million in 2026.
  • Business Quant data shows ARI's Capital Expenditures at $12.8 million in Q1 2026, $18.4 million in Q4 2025, and $24.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - 7.20 Bn
2 AGNC Investment 11.85 Bn 11.36 Bn - -
3 Starwood Property Trust 5.99 Bn 5.94 Bn - -
4 Rithm Capital 5.01 Bn 5.01 Bn - 116.76 Mn
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - -
6 Ellington Financial 1.63 Bn 1.51 Bn - -168,000.00
7 Dynex Capital 1.56 Bn 1.05 Bn - -
8 Armour Residential REIT 1.42 Bn 1.34 Bn - -
9 Two Harbors Investment 1.27 Bn 987.19 Mn - -
10 Apollo Commercial Real Estate Finance 940.39 Mn 813.54 Mn - 12.83 Mn

Historic Data

Download Data
DateValue
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
Dec 31, 2023 25.44 Mn
Dec 31, 2023 25.44 Mn