ARI vs BXMT

For growth investors, Apollo Commercial Real Estate Finance, Inc.

(ARI) is the stronger pick with 1. 3% revenue growth year-over-year, versus -14. 0% for Blackstone Mortgage Trust, Inc. (BXMT). Apollo Commercial Real Estate Finance, Inc. (ARI) offers the better valuation at 13. 5x trailing P/E (12. 7x forward), making it the more compelling value choice. Analysts rate Apollo Commercial Real Estate Finance, Inc. (ARI) a "Hold" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Apollo Commercial Real Estate Finance, Inc.

(ARI) is the cheapest at 13. 5x versus Blackstone Mortgage Trust, Inc. at 30. 1x. On forward P/E, Blackstone Mortgage Trust, Inc. is actually cheaper at 12. 1x — notably different from the trailing picture, reflecting expected earnings growth.

Over the past 5 years, Apollo Commercial Real Estate Finance, Inc.

(ARI) delivered a total return of +12. 6%, compared to -2. 7% for Blackstone Mortgage Trust, Inc. (BXMT). Over 10 years, the gap is even starker: ARI returned +62. 9% versus BXMT's +52. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Apollo Commercial Real Estate Finance, Inc.

(ARI) is the lower-risk stock at 0. 60β versus Blackstone Mortgage Trust, Inc. 's 0. 74β — meaning BXMT is approximately 24% more volatile than ARI relative to the S&P 500. On balance sheet safety, Apollo Commercial Real Estate Finance, Inc. (ARI) carries a lower debt/equity ratio of 4% versus 5% for Blackstone Mortgage Trust, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Apollo Commercial Real Estate Finance, Inc.

(ARI) is pulling ahead at 1. 3% versus -14. 0% for Blackstone Mortgage Trust, Inc. (BXMT). On earnings-per-share growth, the picture is similar: Apollo Commercial Real Estate Finance, Inc. grew EPS 183. 5% year-over-year, compared to 154. 7% for Blackstone Mortgage Trust, Inc.. Over a 3-year CAGR, BXMT leads at 4. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Apollo Commercial Real Estate Finance, Inc.

(ARI) is the more profitable company, earning 17. 8% net margin versus 7. 2% for Blackstone Mortgage Trust, Inc. — meaning it keeps 17. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BXMT leads at 71. 6% versus 65. 4% for ARI. At the gross margin level — before operating expenses — ARI leads at 80. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, Blackstone Mortgage Trust, Inc.

(BXMT) trades at 12. 1x forward P/E versus 12. 7x for Apollo Commercial Real Estate Finance, Inc. — 0. 6x cheaper on a one-year earnings basis.

All stocks in this comparison pay dividends.

Blackstone Mortgage Trust, Inc. (BXMT) offers the highest yield at 9. 8%, versus 9. 3% for Apollo Commercial Real Estate Finance, Inc. (ARI).

For long-horizon retirement investors, Apollo Commercial Real Estate Finance, Inc.

(ARI) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 60), 9. 3% yield). Both have compounded well over 10 years (ARI: +62. 9%, BXMT: +52. 6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: ARI is a small-cap deep-value stock; BXMT is a small-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.