ARI (Apollo Commercial Real Estate Finance) Total Noninterest Expense: $155.8 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ARI Apollo Commercial Real Estate Finance Inc ARI
57 GF Score
Price $6.77
GF Value $8.94
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Apollo Commercial Real Estate Finance Total Noninterest Expense?

Apollo Commercial Real Estate Finance ARI +0.15% 57 Total Noninterest Expense is $155.8 Mil as of Mar. 2026. GuruFocus rates ARI with a GF Score™ of 57/100 and a GF Value™ of $8.94 (Modestly Undervalued). The stock has 8 warning signs investors should review.

Apollo Commercial Real Estate Finance's Total Noninterest Expense for the three months ended in Mar. 2026 was $36.3 Mil. Apollo Commercial Real Estate Finance's Total Noninterest Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $155.8 Mil.

Apollo Commercial Real Estate Finance Total Noninterest Expense Related Terms

Apollo Commercial Real Estate Finance Total Noninterest Expense Historical Data

* Premium members only.

The historical data trend for Apollo Commercial Real Estate Finance's Total Noninterest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Apollo Commercial Real Estate Finance Total Noninterest Expense Chart

Apollo Commercial Real Estate Finance Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Noninterest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 89.57 121.15 148.51 159.12 157.96

Apollo Commercial Real Estate Finance Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Noninterest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.44 38.56 37.52 43.44 36.27
ARI
57GF Score
Apollo Commercial Real Estate Finance Inc ARI
Total Noninterest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Apollo Commercial Real Estate Finance Total Noninterest Expense Calculation

Total Noninterest Expense is any expenses incurred that not related to interest. It includes:
Selling, General, & Admin. Expense
Occupancy
Equipment
Professional fees
Amortization of intangibles
Any other special income/charges (too numerous to list)
Some banks can do choose to report each of these items separately. Yet, there are a variety of noninterest expense which are simply too numerous to list.

Total Noninterest Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $155.8 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Noninterest Expense of $155.8 Mil mean?
Apollo Commercial Real Estate Finance (ARI) has a Total Noninterest Expense of $155.8 Mil as of Mar. 2026. Total noninterest expense is any expenses incurred that not related to interest. View historical data on Apollo Commercial Real Estate Finance and its competitors.
Is Apollo Commercial Real Estate Finance's Total Noninterest Expense too high?
Apollo Commercial Real Estate Finance's current Total Noninterest Expense is $155.8 Mil. Overall, Apollo Commercial Real Estate Finance has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Apollo Commercial Real Estate Finance's Total Noninterest Expense compare to PMT and MFA?
Apollo Commercial Real Estate Finance's Total Noninterest Expense of $155.8 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Noninterest Expense for a REITs company?
A good Total Noninterest Expense depends on the REITs industry context. However, Total Noninterest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Noninterest Expense mean?
A high Total Noninterest Expense can signal that a stock is expensive relative to its fundamentals. Total noninterest expense is any expenses incurred that not related to interest. View historical data on Apollo Commercial Real Estate Finance and its competitors. Apollo Commercial Real Estate Finance's current Total Noninterest Expense is $155.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apollo Commercial Real Estate Finance stock overvalued right now?
Based on GuruFocus' analysis, Apollo Commercial Real Estate Finance (ARI) is currently considered Modestly Undervalued. The stock's GF Value™ is $8.94, compared to a current price of $6.77 — trading 24.3% below its estimated fair value. The current Total Noninterest Expense is $155.8 Mil. Apollo Commercial Real Estate Finance's overall GF Score™ is 57/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Noninterest Expense calculated?
Total Noninterest Expense is calculated from a company's financial statements. For Apollo Commercial Real Estate Finance (ARI), the current Total Noninterest Expense is $155.8 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Apollo Commercial Real Estate Finance (ARI) Overvalued in 2026?

Based on GuruFocus' analysis, Apollo Commercial Real Estate Finance stock appears to be undervalued. The current stock price of $6.77 is trading 24.3% below its estimated GF Value™ of $8.94. GuruFocus considers Apollo Commercial Real Estate Finance to be Modestly Undervalued.

Key valuation signals for ARI:

  • Total Noninterest Expense: $155.8 Mil
  • GF Value™: $8.94 vs. price of $6.77 (24.3% below fair value)
  • GF Score™: 57/100 with 8 warning signs

No single metric tells the full story. See the ARI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Apollo Commercial Real Estate Finance Business Description

Industry Real EstateREITs
Other Exchanges 9A1:Germany
Address c/o Apollo Global Management, Inc, 9 West 57th Street, 42nd Floor, New York, NY, USA, 10019
Apollo Commercial Real Estate Finance Inc is a real estate investment trust that originates, invests in, acquires, and manages commercial first-mortgage loans, subordinate financings, commercial mortgage-backed securities, and other real estate-related debt investments. The subordinate loans and first-mortgage loans account for the vast majority of the portfolio on a cost basis. Property types include residential, retail, healthcare, office, mixed-use, hotel, industrial, multifamily, securities, and other, with residential properties and hotels representing the highest property value. More than a third of the properties are located in New York City, with the other properties located across other regions of the United States, as well as other countries.
57GF Score

Get the complete analysis for ARI

Total Noninterest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$6.77
Price
$8.94
GF Value