ARI - NYSE

Apollo Commercial Real Estate Finance, Inc.

Apollo Commercial Real Estate Finance, Inc.

ARIยทNYSE

$10.96

-0.32%
Real EstateREIT - Mortgage

Apollo Commercial Real Estate Finance, Inc. operates as a real estate investment trust (REIT) that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. It is qualified as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal income taxes, if the company distributes at least 90% of its REIT taxable income to its stockholders. Apollo Commercial Real Estate Finance, Inc. was founded in 2009 and is based in New York, New York.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$1.44B
EPS0.8100
P/E Ratio13.54
Earnings Date08/04/2026
Apollo Commercial Real Estate Finance, Inc.

Apollo Commercial Real Estate Finance, Inc. Fair Value Envelope

ARI ยท NYSE

Our analysis suggests that ARI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $10.965, this represents a potential HIDDEN relative to our calculated worth for Apollo Commercial Real Estate Finance, Inc..

HIDDEN
Intrinsic Value
Current Price: $10.965

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$29.3B
+ Cash & Equivalents$139.8M
Firm Value$29.4B
- Debt$7.9B
Equity Value$21.5B
/ Shares Outstanding138,943,831B
DCF Value$155
UNDERVALUED BY 1313%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$196.1M
$269.8M
$371.2M
$510.8M
$702.8M
$967.0M
$1.3B
$1.8B
$2.5B
$3.5B
Maintenance CapEx
-$27.6M
-$37.9M
-$52.2M
-$71.8M
-$98.8M
-$136.0M
-$187.1M
-$257.5M
-$354.2M
-$487.4M
Owner Earnings
$168.5M
$231.9M
$319.0M
$439.0M
$604.0M
$831.0M
$1.1B
$1.6B
$2.2B
$3.0B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$156.0M
$198.8M
$253.3M
$322.7M
$411.1M
$523.7M
$667.2M
$850.0M
$1.1B
$1.4B
Terminal Value represents 80.0% of Enterprise Value

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