Apollo Commercial Real Estate Finance (ARI) Price to Book (2010 - 2026)
Apollo Commercial Real Estate Finance's (ARI) quarterly Price to Book came in at 1.09 in Q2 2026, down 87.21% on a YoY basis from 8.53 in Q2 2025, and up 50.59% quarter-over-quarter from 0.72 in Q4 2025.
Analysis
Apollo Commercial Real Estate Finance (ARI) Price to Book (2010 - 2026) Analysis & Trends
Apollo Commercial Real Estate Finance (ARI) has reported Price to Book for 17 consecutive years, with 1.09 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Price to Book fell 87.21% year-over-year to 1.09; the trailing twelve-month figure through Jun 2026 stood at 1.09 (down 87.21% YoY), and the FY2025 full-year result was 0.72, up 13.51% from the prior year.
- Price to Book grew to 1.09 in Q2 2026 per ARI's latest filing, from 0.72 in the prior quarter.
- Across five years, Price to Book topped out at 8.89 in Q3 2025 and bottomed at 0.48 in Q3 2022.
- Historically, Price to Book has averaged 2.1 across 5 years, with a median of 0.72 in 2023.
- The sharpest annual moves came in 2025 and 2026: Price to Book soared 1207.48% in 2025, then plunged 87.21% in 2026.
- Over 5 years, Price to Book stood at 0.64 in 2022, then climbed by 16.31% to 0.75 in 2023, then retreated by 14.58% to 0.64 in 2024, then grew by 13.51% to 0.72 in 2025, then soared by 50.59% to 1.09 in 2026.
- According to Business Quant data, Price to Book over the past three periods registered 1.09, 0.72, and 8.89 for Q2 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - |
| 10 | Apollo Commercial Real Estate Finance | 890.30 Mn | -349.18 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.09 |
| Dec 31, 2025 | 0.72 |
| Sep 30, 2025 | 8.89 |
| Jun 30, 2025 | 8.53 |
| Mar 31, 2025 | 8.41 |
| Dec 31, 2024 | 0.64 |
| Sep 30, 2024 | 0.68 |
| Jun 30, 2024 | 0.68 |
| Mar 31, 2024 | 0.77 |
| Dec 31, 2023 | 0.75 |
| Sep 30, 2023 | 0.65 |
| Jun 30, 2023 | 0.72 |
| Mar 31, 2023 | 0.56 |
| Dec 31, 2022 | 0.64 |
| Sep 30, 2022 | 0.48 |
| Jun 30, 2022 | 0.65 |
| Mar 31, 2022 | 0.87 |
| Dec 31, 2021 | 0.80 |
| Sep 30, 2021 | 0.90 |
| Jun 30, 2021 | 0.97 |