Apollo Commercial Real Estate Finance (ARI) Q2 2025 Earnings
Reported Jul 29, 2025 at 6:32 PM ET · SEC Source
Q2 25 EPS
$0.26
BEAT +3.83%
Est. $0.25
Q2 25 Revenue
$70.9M
BEAT +46.49%
Est. $48.4M
vs S&P Since Q2 25
-5.1%
TRAILING MARKET
ARI +13.5% vs S&P +18.6%
Market Reaction
Did ARI Beat Earnings? Q2 2025 Results
Apollo Commercial Real Estate Finance delivered a clean beat in Q2 2025, with distributable earnings of $0.26 per diluted share edging past the $0.25 consensus by 3.83%, while revenue of $70.90 million cleared estimates by 46.49% and held essentially… Read more Apollo Commercial Real Estate Finance delivered a clean beat in Q2 2025, with distributable earnings of $0.26 per diluted share edging past the $0.25 consensus by 3.83%, while revenue of $70.90 million cleared estimates by 46.49% and held essentially flat year over year with a 0.1% gain. The headline driver was a surge in new loan originations: ARI committed $1.40 billion to floating-rate first mortgages during the quarter at a weighted-average yield of 8.0%, pushing the commercial mortgage loan book to $8.48 billion and total assets to $9.82 billion, up from $8.41 billion at year-end 2024. The robust redeployment activity, spanning senior care, data centers, luxury multifamily, and European mixed-use assets, underpins management's projection of 30-40% earnings growth in coming quarters. Capital structure improvements add further support, as ARI refinanced near-term corporate debt into a $750 million term loan maturing in 2030, leaving the company with no corporate debt due until June 2029. A $0.25 quarterly dividend was declared, representing a 10.2% annualized yield on the stock's closing price.
Key Takeaways
- • $1.4 billion in new loan commitments in Q2, all floating-rate first mortgages at 8.0% weighted-average yield
- • Loan repayments and sales of $631 million in Q2 enabling capital redeployment
- • Net interest income of $43.1 million from commercial mortgage loan portfolio
- • Brooklyn multifamily development showing strong leasing momentum with residential TCO received
- • Gross add-on fundings of $394 million in Q2
ARI YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
ARI Revenue by Segment
With YoY comparisons, source: SEC Filings
ARI Revenue by Geography
With YoY comparisons, source: SEC Filings
“We continue to execute on the business plan laid out for ARI. For the first six months of the year, ARI committed $2.0 billion to new loans as we redeploy capital from repayments and the capital generated from managing towards resolution on ARI's focus assets.”
— Stuart Rothstein, Q2 2025 Earnings Press Release
ARI Earnings Trends
ARI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ARI EPS Trend
Earnings per share: estimate vs actual
ARI Revenue Trend
Quarterly revenue: estimate vs actual
ARI Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $0.29 | $0.22 | -24.37% | $58.6M | +28.87% |
| Q4 25 BEAT FY | $0.24 | $0.26 | +7.71% | $73.3M | +58.47% |
| FY Full Year | — | $1.05 | — | $271.6M | — |
| Q3 25 BEAT | $0.25 | $0.30 | +20.77% | $61.6M | +29.09% |
| Q2 25 BEAT | $0.25 | $0.26 | +3.83% | $70.9M | +46.49% |