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ARI - Apollo Commercial Real Estate Finance, Inc.

NYSE -> Real Estate -> REIT—Mortgage
New York, United States
Type: Equity

ARI price evolution
ARI
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $225.44 $307.85 $308.05 $331.53
Short term investments
Net receivables $72.35 $68.64 $71.57 $65.74
Inventory
Total current assets $297.79 $376.49 $379.62 $397.27
Long term investments
Property, plant & equipment $519.5 $495.3 $478.58 $539.3
Goodwill & intangible assets
Total noncurrent assets
Total investments $8387.52 $8068.07 $8358.97 $8560.97
Total assets $9296.73 $9156.98 $9360.36 $9508.23
Current liabilities
Accounts payable $129.89 $212.42 $174.86 $202.99
Deferred revenue
Short long term debt
Total current liabilities $100.05 $3107.84 $2528.3 $2664.43
Long term debt $6954.82 $3833.51 $4615.63 $4496.24
Total noncurrent liabilities
Total debt $6954.82 $6728.94 $6969.07 $6957.68
Total liabilities $7088 $6945.2 $7145.37 $7160.67
Shareholders' equity
Retained earnings -$520.24 -$512.87 -$505.41 -$368.48
Other shareholder equity
Total shareholder equity $2208.73 $2211.78 $2214.99 $2347.56
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $225.44 $222.03 $343.11 $325.5
Short term investments
Net receivables $72.35 $65.38 $41.22 $40.6
Inventory
Total current assets $297.79 $287.41 $384.32 $6939.91
Long term investments
Property, plant & equipment $519.5 $302.69 $151.79
Goodwill & intangible assets
Total noncurrent assets
Total investments $8387.52 $8810.63 $7874.05 $6496.98
Total assets $9296.73 $9568.35 $8416.69 $6940.02
Current liabilities
Accounts payable $129.89 $150.21 $112.38 $84.48
Deferred revenue
Short long term debt
Total current liabilities $100.05 $3336.81 $2327.25 $145.36
Long term debt $6954.82 $3870.54 $3785.73 $1049.12
Total noncurrent liabilities
Total debt $6954.82 $6945.14 $5982.62 $4518.79
Total liabilities $7088 $7213.85 $6122.07 $4669.49
Shareholders' equity
Retained earnings -$520.24 -$363.88 -$427.88 -$438.72
Other shareholder equity
Total shareholder equity $2208.73 $2354.5 $2294.63 $2270.53
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $84.15 $81.16 $92.16 $87.12
Cost of revenue
Gross Profit $84.15 $81.16 $92.16 $87.12
Operating activities
Research & development
Selling, general & administrative $16.92 $17.18 $16.86 $16.53
Total operating expenses $37.8 $37.15 $39.02 $34.52
Operating income $46.35 $44.01 $53.14 $52.59
Income from continuing operations
EBIT $46.47 $46.59 -$83.4 $48.92
Income tax expense -$0.07 $0.52
Interest expense
Net income
Net income $46.54 $46.07 -$83.4 $48.92
Income (for common shares) $43.47 $43 -$86.47 $45.85
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $344.59 $303.64 $284.51 $278.68
Cost of revenue
Gross Profit $344.59 $303.64 $284.51 $278.68
Operating activities
Research & development
Selling, general & administrative $67.5 $68.08 $67 $66.6
Total operating expenses $148.5 $121.15 $89.57 $66.6
Operating income $196.09 $182.49 $194.94 $212.08
Income from continuing operations
EBIT $58.57 $265.23 $223.51 $18.38
Income tax expense $0.44
Interest expense
Net income
Net income $58.13 $265.23 $223.51 $18.38
Income (for common shares) $45.85 $252.96 $210.55 $4.84
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $46.54 $46.07 -$83.4 $48.92
Operating activities
Depreciation $1.04 $1.02 $2.2 $3.99
Business acquisitions & disposals
Stock-based compensation $4.35 $4.36 $4.38 $4.36
Total cash flows from operations $30.84 $83.44 $49.33 $110.25
Investing activities
Capital expenditures -$25.44 -$17.75 -$15.3 -$14.13
Investments -$57.98 $102.79 $56.97 $151.5
Total cash flows from investing -$156.87 $115.23 $22.94 $87.11
Financing activities
Dividends paid -$50.46 -$50.47 -$50.45 -$50.64
Sale and purchase of stock
Net borrowings $96.33 -$144.18 -$41.85 -$32.51
Total cash flows from financing $42.76 -$197.82 -$95.37 -$92.93
Effect of exchange rate -$0.87 -$1.73 $2.6 -$0.61
Change in cash and equivalents -$81.53 $1.52 -$26.08 $110.11
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $58.13 $265.23 $223.51 $18.38
Operating activities
Depreciation $8.25 $0.7 $2.65
Business acquisitions & disposals
Stock-based compensation $17.44 $18.25 $17.63 $16.82
Total cash flows from operations $273.86 $267.7 $199.38 $164.05
Investing activities
Capital expenditures -$72.63 -$33.03 -$0.13
Investments $253.28 -$1423.52 -$1453.07 -$201.56
Total cash flows from investing $68.42 -$1339.35 -$1356.96 -$215.72
Financing activities
Dividends paid -$202.02 -$200.57 -$199.65 -$237.75
Sale and purchase of stock -$127.99
Net borrowings -$122.21 $1177.79 $1392.17 $276.7
Total cash flows from financing -$343.36 $957.97 $1175.19 -$75.12
Effect of exchange rate -$0.61 -$1.73
Change in cash and equivalents $4.02 -$119.35 $17.61 -$126.78
Fundamentals
Market cap $1.57B
Enterprise value $8.30B
Shares outstanding 141.36M
Revenue $344.59M
EBITDA $66.82M
EBIT $58.57M
Net Income $58.13M
Revenue Q/Q -3.43%
Revenue Y/Y 13.49%
P/E ratio 27.09
EV/Sales 24.10
EV/EBITDA 124.28
EV/EBIT 141.78
P/S ratio 4.57
P/B ratio 0.71
Book/Share 15.63
Cash/Share 1.59
EPS $0.41
ROA 0.62%
ROE 2.59%
Debt/Equity 3.21
Net debt/EBITDA 102.71
Current ratio 2.98
Quick ratio 2.98