Apollo Commercial Real Estate Finance (ARI) Capital Expenditures (2021 - 2026)
Apollo Commercial Real Estate Finance (ARI) recorded Capital Expenditures of $9.38 million in Q2 2026, down 71.1% from $32.5 million a year earlier and down 26.9% from the prior quarter.
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Analysis
Apollo Commercial Real Estate Finance (ARI) Capital Expenditures (2021 - 2026) Analysis & Trends
On a TTM basis, Apollo Commercial Real Estate Finance's Capital Expenditures came in at $65.06 million as of Jun 30, 2026, down 56.2% year-over-year; for FY2025, it was $100.21 million, down 40.9% from FY2024.
- Annual Capital Expenditures has a four-year compound annual growth rate of 423.9% (FY2021 to FY2025).
- Across earlier years, Capital Expenditures came in at $169.51 million in FY2024 (+133.4%), $72.63 million in FY2023 (+119.9%), $33.04 million in FY2022 and $133,000 in FY2021.
- The Q2 2026 figure is the lowest quarterly Capital Expenditures since Q2 2022.
- On a year-over-year basis, Capital Expenditures has declined for six consecutive quarters, with an average decline of 5.6% over the last eight quarters.
- Peak year-over-year performance for Capital Expenditures in the last five years was growth of 168.2% in Q1 2024, against a decline of 71.1% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $12.83 million (Q1 2026), $18.36 million (Q4 2025) and $24.49 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.90 Bn | 29.58 Bn | - | 34.00 Mn |
| 2 | Orix | 42.96 Bn | 43.46 Bn | - | - |
| 3 | Royalty Pharma | 33.48 Bn | 33.39 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 23.94 Bn | 23.94 Bn | - | - |
| 5 | Affirm Holdings | 23.37 Bn | 17.06 Bn | - | 66.87 Mn |
| 6 | Synchrony Financial | 23.31 Bn | -44.66 Bn | - | - |
| 7 | Royal Gold | 20.23 Bn | 19.45 Bn | 390.45 Mn | - |
| 8 | Annaly Capital Management | 15.24 Bn | 6.34 Bn | - | - |
| 9 | Ares Capital | 13.90 Bn | 11.34 Bn | - | - |
| 10 | Apollo Commercial Real Estate Finance | 801.33 Mn | -950.68 Mn | - | 9.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.38 Mn |
| Mar 31, 2026 | 12.83 Mn |
| Dec 31, 2025 | 18.36 Mn |
| Sep 30, 2025 | 24.49 Mn |
| Jun 30, 2025 | 32.50 Mn |
| Mar 31, 2025 | 24.87 Mn |
| Dec 31, 2024 | 46.23 Mn |
| Sep 30, 2024 | 44.94 Mn |
| Jun 30, 2024 | 40.44 Mn |
| Mar 31, 2024 | 37.90 Mn |
| Dec 31, 2023 | 25.44 Mn |
| Sep 30, 2023 | 17.75 Mn |
| Jun 30, 2023 | 15.30 Mn |
| Mar 31, 2023 | 14.13 Mn |
| Dec 31, 2022 | 11.88 Mn |
| Sep 30, 2022 | 21.08 Mn |
| Jun 30, 2022 | 34,000.00 |
| Mar 31, 2022 | 48,000.00 |
| Dec 31, 2021 | 68,000.00 |
| Sep 30, 2021 | 65,000.00 |
API Access
Apollo Commercial Real Estate Finance Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=ARI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "ARI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=ARI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();