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Apollo Commercial Real Estate Finance vs Chiron Real Estate: ARI and XRN compared
Apollo Commercial Real Estate Finance is the larger company: $44.4M of revenue in its latest quarter (Q2 2026) against $40.3M for Chiron Real Estate (Q3 2026). Chiron Real Estate is growing faster (+8% against -37% a year earlier). Chiron Real Estate is more profitable, with an operating margin of 65.0% against 58.1%.
Where the money goes: ARI and XRN
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.
Chiron Real Estate (XRN) · Q3 2026
Chiron Real Estate, Q3 2026: revenue $40.3M (+8% year over year), operating margin 65.0%, net loss $5.7M, operating cash flow $13.4M. The chart follows the revenue to costs, profit and cash.
| Apollo Commercial Real Estate Finance (ARI) | Chiron Real Estate (XRN) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $44.4M | $40.3M |
| Revenue growth, Y/Y | -37% | +8% |
| Operating margin | 58.1% | 65.0% |
| Net earnings | $25.8M | −$5.7M |
| Net margin | 58.1% | -14.2% |
| Operating cash flow | $33.9M | $13.4M |
| Free cash flow | $24.5M | $8.3M |
Where the revenue comes from
Chiron Real Estate
- Healthcare Real Estate Segment: $34.1M (85%)
- SHOP Segment: $6.2M (15%)
Questions
Which is bigger, Apollo Commercial Real Estate Finance or Chiron Real Estate?
Apollo Commercial Real Estate Finance is the larger company: $44.4M of revenue in its latest quarter (Q2 2026) against $40.3M for Chiron Real Estate (Q3 2026).
Is Apollo Commercial Real Estate Finance or Chiron Real Estate growing faster?
Chiron Real Estate is growing faster (+8% against -37% a year earlier).
Which is more profitable, Apollo Commercial Real Estate Finance or Chiron Real Estate?
Chiron Real Estate is more profitable, with an operating margin of 65.0% against 58.1%.
More: Apollo Commercial Real Estate Finance earnings · how Apollo Commercial Real Estate Finance makes money · Chiron Real Estate earnings · how Chiron Real Estate makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.