ARI Apollo Commercial Real Estate Finance, Inc.

Last updated: Mar 16, 2026

🐂

Execution Consistency

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 3/4 quarters. Q3 2025: $3M, Q3 2024: $0M, Q3 2021: $46M, Q2 2021: $44M

🐻

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $3M vs trailing avg $30M (-90%)

—

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Negative FCF ($-156M), cannot compute buyback ratio

🐂

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 17,230,571 shares = 12.5% of 138,174,636 outstanding (annualized)

🐂

Are officers and directors buying stock with their own money on the open market?

21 open-market purchases by 6 insiders

Kasdin Robert A () bought 25,000 shares at $9.54 on 2023-05-08
ROTHSTEIN STUART (President & CEO) bought 15,000 shares at $11.18 on 2022-11-07
PRESS ERIC () bought 24,133 shares at $5.82 on 2020-03-18
PRESS ERIC () bought 75,867 shares at $6.85 on 2020-03-18
SALVATI MICHAEL () bought 30,000 shares at $8.15 on 2020-03-17
Agarwal Jai (CFO, Treasurer and Secretary) bought 3,000 shares at $25.40 on 2018-05-21
Agarwal Jai (CFO, Treasurer and Secretary) bought 800 shares at $25.36 on 2018-05-18
Qatar Investment Authority () bought 1,670,000 shares at $18.44 on 2017-10-23
PRESS ERIC () bought 32,190 shares at $12.92 on 2015-08-24
PRESS ERIC () bought 6,457 shares at $14.74 on 2015-08-24

🐂

Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 2 of 4 quarters

🐻

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $36M, sold $48M (net selling)

—

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

No buyback-insider divergence detected