Apollo Commercial REIT to Sell $9 Billion Loan Portfolio

Apollo Real Estate ( (ARI) ) has issued an announcement.

On January 27–28, 2026, Apollo Commercial Real Estate Finance, Inc. entered into a definitive agreement to sell its approximately $9 billion commercial real estate loan portfolio to Athene Holding Ltd. for a price based on 99.7% of total loan commitments, excluding two loans expected to be repaid before closing, in a cash transaction approved by ARI’s board upon the recommendation of an independent special committee and subject to stockholder approval and customary conditions. Following repayment of financing facilities, other debt and transaction expenses, ARI expects to emerge in the second quarter of 2026 as a well-capitalized REIT with roughly $1.4 billion in net cash, about $1.7 billion of common equity (around $12.05 per share), and retained net equity interests of $466 million in its real estate properties, a structure that management says validates book value, provides an immediate premium to the stock’s recent trading discount, and creates a runway to evaluate new commercial real estate strategies, potential M&A, and other strategic alternatives, including dissolution if no new strategy is announced by year-end, while temporarily cutting and stock-settling management fees and revising the manager compensation framework to tie fees more closely to return on equity.

The most recent analyst rating on (ARI) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Apollo Real Estate stock, see the ARI Stock Forecast page.

Spark’s Take on ARI Stock

According to Spark, TipRanks’ AI Analyst, ARI is a Neutral.

Apollo Real Estate’s strong financial performance and high dividend yield are key strengths, supporting a solid stock score. However, technical indicators suggest bearish momentum, and high leverage poses financial risks. The optimistic earnings call outlook provides a positive counterbalance, highlighting potential for future growth.

To see Spark’s full report on ARI stock, click here.

More about Apollo Real Estate

Apollo Commercial Real Estate Finance, Inc. (ARI) is a New York Stock Exchange–listed real estate investment trust that originates and invests in commercial real estate loans and related assets, with a focus on generating yield from a large portfolio of debt investments backed by commercial properties. The company is externally managed by a subsidiary of Apollo Global Management and maintains net equity interests in underlying real estate assets alongside its loan portfolio.

Average Trading Volume: 952,687

Technical Sentiment Signal: Strong Buy

Current Market Cap: $1.39B

See more data about ARI stock on TipRanks’ Stock Analysis page.