Apollo Commercial Real Estate Finance (ARI) EBITDA (2022 - 2026)
Apollo Commercial Real Estate Finance (ARI) posted EBITDA of $140.4 million for Q1 2026, down 2.89% on a QoQ basis from $144.5 million in Q4 2025, and up 7.03% year-over-year from $131.2 million in Q1 2025.
Apollo Commercial Real Estate Finance (ARI) EBITDA (2022 - 2026) Analysis & Trends
Apollo Commercial Real Estate Finance's EBITDA history runs 5 years deep, the most recent figure standing at $140.4 million for Q1 2026.
- Quarterly EBITDA rose 7.03% year-over-year to $140.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $596.4 million (up 17.22% YoY) and the FY2025 annual result came in at $587.1 million, up 52.62% from the prior year.
- EBITDA was $140.4 million for Q1 2026 at Apollo Commercial Real Estate Finance, down from $144.5 million in the prior quarter.
- Across five years, EBITDA topped out at $431.8 million in Q4 2023 and bottomed at -$126.4 million in Q4 2022.
- A 5-year average of $136.3 million and a median of $145.0 million in 2025 frame the typical range for EBITDA.
- Annual changes were most pronounced in 2024 — EBITDA sank 84.73% — and 2025, when it jumped 458.69%.
- Apollo Commercial Real Estate Finance's EBITDA stood at -$126.4 million in 2022, then surged by 441.5% to $431.8 million in 2023, then plunged by 60.48% to $170.6 million in 2024, then declined by 15.29% to $144.5 million in 2025, then fell by 2.89% to $140.4 million in 2026.
- Business Quant data shows ARI's EBITDA at $140.4 million in Q1 2026, $144.5 million in Q4 2025, and $166.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | 1.56 Bn |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | - |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | 382.38 Mn |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | 598.90 Mn |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | 215.55 Mn |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | 188.28 Mn |
| 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 | - | 167.51 Mn |
| 10 | Apollo Commercial Real Estate Finance | 940.39 Mn | 813.54 Mn | - | 140.38 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 140.38 Mn |
| Dec 31, 2025 | 144.55 Mn |
| Sep 30, 2025 | 166.39 Mn |
| Jun 30, 2025 | 145.03 Mn |
| Mar 31, 2025 | 131.16 Mn |
| Dec 31, 2024 | 170.64 Mn |
| Sep 30, 2024 | 42.61 Mn |
| Jun 30, 2024 | 164.36 Mn |
| Mar 31, 2024 | 23.48 Mn |
| Dec 31, 2023 | 431.82 Mn |
| Sep 30, 2023 | 168.41 Mn |
| Jun 30, 2023 | 32.88 Mn |
| Mar 31, 2023 | 153.78 Mn |
| Dec 31, 2022 | -126.45 Mn |
| Sep 30, 2022 | 255.33 Mn |