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Apollo Commercial Real Estate Finance vs Clipper Realty: ARI and CLPR compared
Apollo Commercial Real Estate Finance is the larger company: $44.4M of revenue in its latest quarter (Q2 2026) against $40.5M for Clipper Realty (Q3 2026). Clipper Realty is growing faster (+7% against -37% a year earlier). Apollo Commercial Real Estate Finance is more profitable, with an operating margin of 58.1% against 24.4%.
Where the money goes: ARI and CLPR
Apollo Commercial Real Estate Finance (ARI) · Q2 2026
Apollo Commercial Real Estate Finance, Q2 2026: revenue $44.4M (-37% year over year), operating margin 58.1%, net earnings $25.8M, operating cash flow $33.9M. The chart follows the revenue to costs, profit and cash.
Clipper Realty (CLPR) · Q3 2026
Clipper Realty, Q3 2026: revenue $40.5M (+7% year over year), operating margin 24.4%, net loss $5.9M, operating cash flow −$431K. The chart follows the revenue to costs, profit and cash.
| Apollo Commercial Real Estate Finance (ARI) | Clipper Realty (CLPR) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $44.4M | $40.5M |
| Revenue growth, Y/Y | -37% | +7% |
| Operating margin | 58.1% | 24.4% |
| Net earnings | $25.8M | −$5.9M |
| Net margin | 58.1% | -14.6% |
| Operating cash flow | $33.9M | −$431K |
| Free cash flow | $24.5M | — |
Where the revenue comes from
Clipper Realty
- Residential Rental: $34.0M (84%)
- Commercial Real Estate: $6.5M (16%)
Questions
Which is bigger, Apollo Commercial Real Estate Finance or Clipper Realty?
Apollo Commercial Real Estate Finance is the larger company: $44.4M of revenue in its latest quarter (Q2 2026) against $40.5M for Clipper Realty (Q3 2026).
Is Apollo Commercial Real Estate Finance or Clipper Realty growing faster?
Clipper Realty is growing faster (+7% against -37% a year earlier).
Which is more profitable, Apollo Commercial Real Estate Finance or Clipper Realty?
Apollo Commercial Real Estate Finance is more profitable, with an operating margin of 58.1% against 24.4%.
More: Apollo Commercial Real Estate Finance earnings · how Apollo Commercial Real Estate Finance makes money · Clipper Realty earnings · how Clipper Realty makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.