ARI

Apollo Comml Real Est

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Real Estate

industry

REIT - Mortgage

Exchange

NYSE

County of HQ

United States

Next Earnings Date

04/28/26

Business Summary

AMAL operates as a regional bank generating revenue primarily through net interest income and fee-based financial services. Its business model revolves around gathering deposits and deploying that capital into loans, capturing the spread while maintaining operating discipline reflected in its 13.20% margin. The moat in regional banking comes from localized relationships, underwriting expertise, and cost control rather than scale dominance. Sustained high ROIC of 26.10% suggests that, when executed well, the franchise can convert capital into profitable lending streams efficiently.

VALUATION

P/E

13.4

Market Cap ($M USD)

$1,506

Forward P/E

10.3

PEG

1.2

PRICE TO SALES

5.5

PRICE TO BOOK

$0.80

EV / EBITDA

-

5-Year Average P/E

DIVIDEND

Yield

9.20%

Annual Payout

$1.00

Payout Ratio

123.50%

Consecutive Years of Dividend Growth

0.00%

5-Year Dividend Growth Rate

-6.50%

Financial Health & Profitability

Earnings Per Share

$0.81

Next Year EPS Growth Estimate

$1.05

Next Year Revenue Growth Estimate

-1.10%

Return on Equity (ROE)

6.00%

Operating Margin

42.10%

Debt-to-Equity

430.00%

Piotroski F-Score

7

Altman Z-Score

0.1

Return on Invested Capital (ROIC)

5.90%%

Current Ratio

-

Quick Ratio

Gainseekers Quantitative Analysis

Summary

At 12.4x earnings and just 9.3x forward earnings with a PEG of 0.8, the market is pricing AMAL like a low-growth regional bank despite forward estimates implying acceleration. The discount multiple relative to growth suggests a classic GARP setup, but the Altman Z-Score of 0.3 is a severe red flag, signaling balance sheet stress risk that cannot be ignored. A 1.6x price-to-book ratio and 3.9x price-to-sales are not distressed levels, yet they are hardly expensive for a profitable bank generating 26.10% ROIC. The market is cautiously pricing in risk, not insolvency—but that 0.3 Z-score keeps this squarely in speculative territory rather than a clean value compounder.

AI Exposure / Tech Reliance

As a Nasdaq-listed regional bank, AMAL operates in a sector increasingly shaped by digital banking, automation, and AI-driven credit analytics. Financial Services firms that integrate AI into underwriting and cost control can expand operating margins beyond the current 13.20%. The competitive gap in regional banking will increasingly be defined by tech efficiency rather than branch scale.

The Bull Case

A value or GARP investor buys this because the math works. A forward P/E of 9.3 combined with a PEG of 0.8 implies growth is being underappreciated, and a 26.10% ROIC is elite for a regional bank, indicating efficient capital allocation. Operating margins of 13.20% show the core lending engine is profitable, and a Piotroski F-Score of 5 signals financial condition that is stable, if not exceptional. Institutional ownership at 42.00% provides a base of professional capital, while a dividend structure supported by a $0.59 payout ratio and 1.40% dividend per share USD suggests room for sustainability. If earnings materialize as projected with EPS next year estimated at $3.44 and sales growth next year at $4.53, the current multiple is too low.

The Bear Case

The red flags are not subtle. An Altman Z-Score of 0.3 is deeply concerning and suggests elevated balance sheet risk, especially in a rate-sensitive banking environment. Debt-to-equity at 47.90% is meaningful leverage, and with 16.30% of float sold short, the market is actively betting against the equity. A Piotroski F-Score of 5 is mediocre, not strong, and return on equity at 6.50% is underwhelming relative to the 1.6x book valuation. Add in a consensus rating of 6.90% and a mean consensus target price of 2.67, and sentiment appears muted at best.

Market Sentiment & Smart Money

Short Interest %

5.10%

Analyst Consensus

$2.17

Average Analyst Price Target

$11.63

Institutional Ownership %

70.40%

1-Year Beta

0.69

Insider Buying % (6 Mo)

0.90%%

Distance to 52-Week High

96.90%%

Distance to 52-Week Low

137.80%%