Welcome to our dedicated page for Apollo Commercial Real Estate Finance SEC filings (Ticker: ARI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Apollo Commercial Real Estate Finance, Inc.'s SEC filings document results of operations, material events and governance for ARI, a Maryland corporation with common stock listed on the NYSE. Its 8-K reports furnish quarterly and annual financial results presentations, GAAP and non-GAAP earnings measures, exhibits and Inline XBRL cover data.
Other filings record material definitive agreements, including the amended and restated management agreement among the company, ACREFI Operating, LLC and ACREFI Management, LLC, as well as shareholder voting matters, capital-structure disclosures and governance matters tied to the completed sale of the commercial real estate loan portfolio.
Apollo Commercial Real Estate Finance, Inc. (ARI) has indefinitely suspended its Direct Stock Purchase and Dividend Reinvestment Plan (the “Plan”). The suspension will commence on September 29, 2026, and ARI may terminate the Plan at a later date.
The last direct stock purchases under the Plan will occur on September 28, 2026, and the last recurring ACH debit will be on September 25, 2026, with those funds included in the final purchases. After the suspension, future ARI dividend payments will be paid in cash, and funds received on or after September 28, 2026 for stock purchases will be returned to participants by Equiniti Trust Company, LLC.
A director of Apollo Commercial Real Estate Finance, Inc. (ARI), Michael Salvati, reported two open-market sales of common stock on 2026-08-25 totaling 960 shares at $6.86 per share. An 835-share sale from a spouse’s IRA eliminated his indirect holdings, while a 125-share sale from a joint account left him with 162,417 directly held shares. The trades were not reported as made under a Rule 10b5-1 trading plan.
Apollo Commercial Real Estate Finance, Inc. (symbol ARI) is the issuer for a planned resale of its common stock reported by director Michael Salvati under Rule 144. The notice covers a total of 960 shares, to be sold through Charles Schwab Corp on the NYSE after the notice date of August 25, 2026.
The shares consist of 835 shares held in an account for Charlotte Rubinstein (spouse) and 125 shares held in an account for Vincent Salvati (son), with sales described as open market transactions for cash.
Apollo Commercial Real Estate Finance, Inc. (ARI) is asking stockholders to approve a Plan of Complete Liquidation and Dissolution. The board unanimously recommends voting “FOR” the dissolution, an advisory executive compensation vote, and the potential adjournment of the special meeting.
After selling a commercial real estate loan portfolio to Athene for approximately $9 billion, ARI used part of the proceeds to repay secured facilities and about $1.4 billion of other indebtedness and expenses. Immediately after the asset sale, book value per common share was $12.15 (after preferred liquidation preference), with a balance sheet primarily comprising $1.3 billion of cash, $0.9 billion of real estate owned and $0.4 billion of related debt.
If the plan is approved and implemented, ARI currently anticipates an initial cash liquidating distribution of $3.70–$4.00 per share, and total liquidating distributions of $7.75–$8.50 per share on a fully diluted basis (excluding a separate $3.75 dividend paid July 15, 2026), assuming completion by the first half of 2028. Including that dividend, total book value per share expected to be returned is estimated at $11.50–$12.25. ARI may form a non-transferable Liquidating Trust to hold remaining assets and liabilities, ultimately delist its stock from the NYSE, and deregister under the Exchange Act. As of the August 21, 2026 record date, 128,544,353 common shares were outstanding.
Apollo Commercial Real Estate Finance, Inc. reported second-quarter 2026 net income available to common stockholders of $22.7 million, or $0.11 per diluted share. Distributable Earnings prior to net realized loss on investments and loss on extinguishment of debt were $21 million, or $0.15 per diluted share, while total Distributable Earnings were a loss of $349.1 million, or ($2.62) per share, driven by a large portfolio transaction and related charges.
On April 24, 2026 the company completed the sale of its commercial real estate loan portfolio to Athene Holding Ltd. for a purchase price based on 99.7% of total loan commitments. This led to a $339.1 million net realized loss on investments and a $30.7 million loss on extinguishment of debt as secured and corporate-level facilities were repaid. The company ended the quarter with $1.24 billion of cash, debt only on its Brooklyn multifamily construction financing, and total common equity book value of about $1.1 billion or $8.47 per share.
The board declared common stock dividends of $3.75 per share for the quarter, expected to be largely classified as return of capital, and the company repurchased 8.6 million shares at a weighted-average price of $10.85. After quarter-end, it redeemed all $169 million of 7.25% Series B-1 preferred stock and filed a preliminary proxy to seek stockholder approval for a Plan of Complete Liquidation and Dissolution.
Apollo Commercial Real Estate Finance, Inc. completed a major transformation in the first half of 2026 by selling its commercial real estate loan portfolio to Athene for approximately $8.6 billion. Proceeds were used to repay all secured credit facilities, the Barclays private securitization, the $746.3 million 2030 term loan, and to fund the redemption of $500.0 million of senior secured notes, leaving no secured debt outstanding as of June 30 2026.
The balance sheet shrank sharply, with total assets declining to $2.14 billion from $9.90 billion, driven by the reduction of commercial mortgage and subordinate loans to zero and a rise in cash and cash equivalents to $1.24 billion. Real estate owned, held for investment, totaled $857.0 million across three properties in Washington, D.C., Brooklyn, and Atlanta. For the quarter, net income available to common stockholders was $22.7 million on total net revenue of $44.4 million, supported by $36.2 million of revenue from real estate owned operations and a $379.2 million decrease in CECL allowances, partially offset by a $339.1 million net realized loss on investments related to the loan sale.
The company declared substantial common dividends, including $3.75 per share for the second quarter and $4.00 per share year-to-date, while shares outstanding fell to 128.2 million after repurchases. With CECL allowances reduced to zero and all structured financing facilities repaid, the company now primarily holds cash, equity in its real estate owned portfolio, and an equity method investment in a Massachusetts healthcare joint venture.
BlackRock, Inc. filed an amended beneficial ownership report regarding Apollo Commercial Real Estate Finance, Inc. common stock. BlackRock reports beneficial ownership of 548,354 shares, representing 0.4% of the outstanding common stock.
BlackRock has sole voting power over 419,849 shares and sole dispositive power over all 548,354 shares, with no shared voting or dispositive power. Various underlying persons may receive dividends or sale proceeds, but no individual interest exceeds five percent of Apollo Commercial’s total outstanding common shares.
Vanguard Portfolio Management LLC filed an amended Schedule 13G reporting its beneficial ownership of Apollo Commercial Real Estate Finance Inc common stock. Vanguard reports beneficial ownership of 6,144,982 shares, representing 4.69% of the outstanding common stock.
Vanguard has sole voting power over 56,281 shares and sole dispositive power over 6,144,982 shares, with no shared voting or dispositive power. The filing explains that these holdings reflect securities beneficially owned or deemed to be beneficially owned by Vanguard Portfolio Management LLC and certain affiliates, including Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC, across Vanguard funds and managed accounts.
The ownership is reported as 5 percent or less of the class, and Vanguard notes that while various clients and funds have the right to receive dividends or sale proceeds, no single other person has an interest in more than 5% of the class through these securities.
Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander report beneficial ownership of Apollo Commercial Real Estate Finance, Inc. common stock. They disclose beneficial ownership of 6,744,918 shares of common stock, representing 5.3% of the class.
For each reporting person, the filing states 0 shares with sole voting and dispositive power and 6,744,918 shares with shared voting and shared dispositive power. The securities are held by entities subject to voting control and investment discretion by Millennium Management LLC and/or other investment managers controlled by Millennium Group Management LLC and Mr. Englander, while expressly stating that this should not be construed as an admission of beneficial ownership.
Newtyn Management, LLC and Newtyn TE Partners, LP report significant ownership stakes in Apollo Commercial Real Estate Finance, Inc. common stock. As of July 23, 2026, Newtyn Management, as investment manager to Newtyn TE Partners and Newtyn Partners, LP, may be deemed to beneficially own 10,311,147 shares of common stock, representing 7.9% of the class, with sole voting and dispositive power over these shares. Newtyn TE Partners directly holds 6,619,757 shares, representing 5.1% of the class, also with sole voting and dispositive power. Beneficial ownership percentages are based on 130,947,251 shares of common stock outstanding as of May 18, 2026, as reported by the issuer.