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ARIApollo Commercial Real Estate FSell4.8·$10.39-1.42%
SellModerate Confidence
Investment thesis

Apollo Commercial Real Estate's momentum has stalled below the minimum threshold, estimates are declining and the most recent quarter missed by 24%, put/call options skew sits at 1.46-to-1 bearish, and only 1.9% upside remains to the near-term resistance target — a setup that does not reward entering a new position at current levels.

Thesis pillars

  • Momentum Stalled Below ThresholdStable
  • Estimates Declining Large Recent MissStable
  • Unfavorable Risk Reward Near TargetStable
  • +1 more pillar — see the Why tab for full reasoning

Full reasoning →

Open full analysis

Apollo Commercial Real Estate F (ARI) Stock Analysis

SellVALUE-TRAP 1/5Moderate Confidence

Real Estate · REIT - Mortgage

Sell if holding. Analyst target reached at $10.39 — A.R:R is negative (-0.6) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Counterparty: the Manager (Apollo).

Apollo Commercial Real Estate Finance is a commercial mortgage REIT externally managed by an Apollo Global Management subsidiary, originating and holding first mortgage loans, subordinate financings, and other commercial real estate debt secured by institutional-quality U.S. and... Read more

$10.39+4.3% A.UpsideScore 4.8/10#23 of 24 REIT - Mortgage
QualityF-score6 / 9FCF yield
IncomeYield9.62%(5y avg 11.77%)Payout123.46%
Stop $10.03Target $10.84(resistance)A.R:R -0.6:1
Analyst target$11.83+13.9%3 analysts
$10.84our TP
$10.39price
$11.83mean
$12

Sell if holding. Analyst target reached at $10.39 — A.R:R is negative (-0.6) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Counterparty: the Manager (Apollo). Chart setup: No clear chart pattern; technical signals are mixed. Score 4.8/10, moderate confidence.

Passes 5/8 gates (clean insider activity, news events none recent, earnings proximity 25d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-07-06

Recent Developments — Apollo Commercial Real Estate F

Generated 2026-07-06T05:40:26Z.

TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Wed, Jul 29, 202625d to earnings· next earnings call

Thesis

Rewards
No bull case signals
Risks
Concentration risk — Counterparty: the Manager (Apollo)
Analyst target reached - limited upside remaining
Consecutive earnings misses (2)

Key Metrics

P/E (TTM)12.8
P/E (Fwd)14.1
Mkt Cap$1.4B
EV/EBITDA
Profit Mgn47.3%
ROE6.9%
Rev Growth0.2%
Beta1.41
Dividend9.62%
Rating analysts10

Quality Signals

Piotroski F6/9

Options Flow

P/C71.80bearish
IV78%elevated

Concentration Risks(10-K Item 1A)

  • HIGHcounterpartythe Manager (Apollo)
    10-K Item 1: 'We have no employees and are managed by the Manager pursuant to the management agreement between the Manager and us'

Material Events(8-K, last 90d)

  • 2026-05-15Item 5.02LOW
    Director Scott S. Prince informed the company on May 14, 2026 that he will not stand for re-election at the next annual meeting; explicitly not the result of any dispute with the company.
    SEC filing →
  • 2026-04-24Item 1.01MEDIUM
    On April 24, 2026, the company entered an Amended and Restated Management Agreement with the Manager, changing the base management fee from a flat 1.5% of stockholders' equity to an ROE-linked 0.75%/1.5% structure paid in stock rather than cash.
    SEC filing →
  • 2026-04-24Item 1.02MEDIUM
    The new Amended and Restated Management Agreement superseded and replaced the existing Management Agreement dated September 23, 2009 between the company and the Manager.
    SEC filing →

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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Methodology · Editorial policy & full disclaimer

Rating Breakdown

2 floor-breakers

Growth below the gate floor. Component breakdown shows what dragged the score down.static

Earnings Growth
2.0
Revenue Growth
2.5

No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static

Surprise Avg
3.1
Earnings History
3.3
Erm
3.5
Dividend Safety
3.5
Earnings Timing
5.0
Earnings concerns: 2B/2MYield trap warning: high yield but unsafe
GatesMomentum 4.3<4.5A.R:R -0.6=NEGATIVEExecutive change: officer departure/appointmentInsider activity: OKNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 25d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Aggressive
RSI
38 · Neutral
20D MA 50D MA 200D MAGOLDEN CROSSSupport $10.34Resistance $11.06

Price Targets

$10
$11
A.Upside+4.3%
A.R:R-0.6:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Target reached (-3.2% upside)
! momentum at 4.3 (below the engine's 4.5 threshold)
! Negative risk/reward — downside exceeds upside

Earnings

B
B
M
M
2/4 beats
Next Earnings2026-07-29 (25d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is ARI stock a buy right now?

Sell if holding. Analyst target reached at $10.39 — A.R:R is negative (-0.6) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Counterparty: the Manager (Apollo). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $10.03. Score 4.8/10, moderate confidence.

What is the ARI stock price target?

Take-profit target: $10.84 (+4.3% upside). Prior stop was $10.03. Stop-loss: $10.03.

What are the risks of investing in ARI?

Concentration risk — Counterparty: the Manager (Apollo); Analyst target reached - limited upside remaining; Consecutive earnings misses (2).

Is ARI overvalued or undervalued?

Apollo Commercial Real Estate F trades at a P/E of 12.8 (forward 14.1). TrendMatrix value score: 5.3/10. Verdict: Sell.

What do analysts say about ARI?

10 analysts cover ARI with a consensus score of 4.0/5. Average price target: $12.

What does Apollo Commercial Real Estate F do?Apollo Commercial Real Estate Finance is a commercial mortgage REIT externally managed by an Apollo Global Management...

Apollo Commercial Real Estate Finance is a commercial mortgage REIT externally managed by an Apollo Global Management subsidiary, originating and holding first mortgage loans, subordinate financings, and other commercial real estate debt secured by institutional-quality U.S. and European properties. As of December 31, 2025 it held an approximately $8.7 billion mortgage loan portfolio financed with $6.3 billion of secured debt, $746.3 million of term loans, and $500.0 million of senior secured notes, and in January 2026 it agreed to sell substantially all of that portfolio to Apollo affiliate A

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