ARI tangible book value per share history

Annual fiscal periods. Dates are reporting period ends; fiscal years can differ from calendar years.

Apollo Commercial Real Estate Fina Tangible Book Value Per Share — Annual fiscal periods
Period ending	Tangible Book Value Per Share
Dec 31, 2025	13.3658
Dec 31, 2024	13.4204
Dec 31, 2023	15.6336
Dec 31, 2022	16.7539
Dec 31, 2021	16.4055
Dec 31, 2020	15.341
Dec 31, 2019	17.9055
Dec 31, 2018	20.2159
Dec 31, 2017	20.9109
Dec 31, 2016	26.6988
Dec 31, 2015	23.4418
Dec 31, 2014	19.6729
Dec 31, 2013	19.3954
Dec 31, 2012	24.148
Dec 31, 2011	17.8854
Dec 31, 2010	23.656
Dec 31, 2009	18.5997