Apollo Commercial Real Estate Finance Liquidating Trust (ARI) Long-Term Debt (2016 - 2026)
Apollo Commercial Real Estate Finance (ARI) recorded Non-Current Debt of $6.51 billion in Q1 2026, up 24.4% from $5.23 billion a year earlier and up 3.6% from the prior quarter.
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Analysis
Apollo Commercial Real Estate Finance Liquidating Trust (ARI) Long-Term Debt (2016 - 2026) Analysis & Trends
At the end of FY2025, Apollo Commercial Real Estate Finance reported Non-Current Debt of $6.28 billion, up 30.1% from FY2024.
- Annual Non-Current Debt has a five-year compound annual growth rate of 67.0% (FY2020 to FY2025).
- Across earlier years, Non-Current Debt came in at $4.82 billion in FY2024 (-13.1%), $5.55 billion in FY2023 (+4.7%), $5.3 billion in FY2022 (+27.8%) and $4.15 billion in FY2021 (+758.4%).
- The Q1 2026 figure is the highest quarterly Non-Current Debt in data going back to Q4 2010.
- On a year-over-year basis, Non-Current Debt has increased for four consecutive quarters, with growth averaging 8.1% over the last eight quarters.
- Peak year-over-year performance for Non-Current Debt in the last five years was growth of 758.4% in Q4 2021, against a decline of 13.1% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $6.28 billion (Q4 2025), $5.91 billion (Q3 2025) and $6.22 billion (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Long-Term Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | 8.59 Bn |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | 35.20 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 17.03 Bn |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | - |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | 15.12 Bn |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | - |
| 10 | Apollo Commercial Real Estate Finance Liquidating Trust | 297.45 Mn | -1.45 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 6.51 Bn |
| Dec 31, 2025 | 1.54 Bn |
| Sep 30, 2025 | 5.91 Bn |
| Jun 30, 2025 | 6.22 Bn |
| Mar 31, 2025 | 5.23 Bn |
| Dec 31, 2024 | 1.59 Bn |
| Dec 31, 2023 | 2.16 Bn |
| Sep 30, 2023 | 7.97 Bn |
| Jun 30, 2023 | 8.30 Bn |
| Mar 31, 2023 | 8.47 Bn |
| Dec 31, 2022 | 8.68 Bn |
| Sep 30, 2022 | 8.73 Bn |
| Jun 30, 2022 | 8.94 Bn |
| Mar 31, 2022 | 8.35 Bn |
| Dec 31, 2021 | 7.86 Bn |
| Sep 30, 2021 | 7.26 Bn |
| Jun 30, 2021 | 7.52 Bn |
| Mar 31, 2021 | 6.82 Bn |
| Dec 31, 2020 | 6.50 Bn |
| Sep 30, 2020 | 6.44 Bn |
API Access
Apollo Commercial Real Estate Finance Liquidating Trust Long-Term Debt 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=long-term-debt&ticker=ARI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "long-term-debt", "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=long-term-debt&ticker=ARI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();