Apollo Commercial Real Estate Finance (ARI) Total Debt (2010 - 2026)
Apollo Commercial Real Estate Finance's (ARI) quarterly Total Debt came in at $7.8 billion in Q1 2026, up 19.85% on a YoY basis from $6.5 billion in Q1 2025, and up 11.17% quarter-over-quarter from $7.0 billion in Q4 2025.
Analysis
Apollo Commercial Real Estate Finance (ARI) Total Debt (2010 - 2026) Analysis & Trends
Apollo Commercial Real Estate Finance (ARI) has reported Total Debt for 17 consecutive years, with $7.8 billion the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Total Debt rose 19.85% year-over-year to $7.8 billion; the trailing twelve-month figure through Mar 2026 stood at $7.8 billion (up 19.85% YoY), and the FY2025 full-year result was $7.0 billion, up 19.74% from the prior year.
- Total Debt rose to $7.8 billion in Q1 2026 per ARI's latest filing, from $7.0 billion in the prior quarter.
- Across five years, Total Debt topped out at $8.1 billion in Q2 2025 and bottomed at $4.6 billion in Q1 2022.
- Historically, Total Debt has averaged $5.9 billion across 5 years, with a median of $5.6 billion in 2023.
- The sharpest annual moves came in 2022 and 2023: Total Debt surged 489.11% in 2022, then declined 4.01% in 2023.
- Over 5 years, Total Debt stood at $5.3 billion in 2022, then rose by 4.81% to $5.6 billion in 2023, then rose by 4.97% to $5.8 billion in 2024, then increased by 19.74% to $7.0 billion in 2025, then gained by 11.17% to $7.8 billion in 2026.
- According to Business Quant data, Total Debt over the past three periods registered $7.8 billion, $7.0 billion, and $6.7 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 34.37 Bn |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | 89.81 Bn |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | 18.81 Bn |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | - |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | 22.64 Bn |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 111.35 Mn |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | 1.22 Bn |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | 19.44 Bn |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 654.96 Mn |
| 10 | Apollo Commercial Real Estate Finance | 890.30 Mn | -349.18 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 7.76 Bn |
| Dec 31, 2025 | 6.98 Bn |
| Sep 30, 2025 | 6.70 Bn |
| Jun 30, 2025 | 8.11 Bn |
| Mar 31, 2025 | 6.47 Bn |
| Dec 31, 2024 | 5.83 Bn |
| Sep 30, 2024 | 5.52 Bn |
| Jun 30, 2024 | 5.64 Bn |
| Mar 31, 2024 | 5.60 Bn |
| Dec 31, 2023 | 5.55 Bn |
| Sep 30, 2023 | 5.14 Bn |
| Jun 30, 2023 | 5.37 Bn |
| Mar 31, 2023 | 5.32 Bn |
| Dec 31, 2022 | 5.30 Bn |
| Sep 30, 2022 | 5.35 Bn |
| Jun 30, 2022 | 5.18 Bn |
| Mar 31, 2022 | 4.57 Bn |
| Dec 31, 2021 | 4.15 Bn |
| Sep 30, 2021 | 3.44 Bn |
| Jun 30, 2021 | 3.68 Bn |