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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and Urban Edge Properties (UE). Click either name above to swap in a different company.
Urban Edge Properties is the larger business by last-quarter revenue ($132.6M vs $73.3M, roughly 1.8× Apollo Commercial Real Estate Finance, Inc.). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs 17.1%, a 22.8% gap on every dollar of revenue. On growth, Urban Edge Properties posted the faster year-over-year revenue change (12.2% vs 4.0%). Over the past eight quarters, Urban Edge Properties's revenue compounded faster (11.6% CAGR vs -4.6%).
Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that originates, acquires and manages commercial real estate debt assets including mortgages, mezzanine loans and mortgage-backed securities, primarily operating in the U.S. market to deliver consistent risk-adjusted returns.
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
ARI vs UE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $132.6M |
| Net Profit | $29.2M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | 39.7% | — |
| Net Margin | 39.9% | 17.1% |
| Revenue YoY | 4.0% | 12.2% |
| Net Profit YoY | -28.2% | -6.7% |
| EPS (diluted) | $0.19 | $0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $132.6M | ||
| Q4 25 | $73.3M | $119.6M | ||
| Q3 25 | $61.6M | $120.1M | ||
| Q2 25 | $70.9M | $114.1M | ||
| Q1 25 | $65.8M | $118.2M | ||
| Q4 24 | $70.5M | $116.4M | ||
| Q3 24 | $71.6M | $112.4M | ||
| Q2 24 | $81.1M | $106.5M |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $29.2M | $12.4M | ||
| Q3 25 | $50.8M | $14.9M | ||
| Q2 25 | $20.7M | $58.0M | ||
| Q1 25 | $26.0M | $8.2M | ||
| Q4 24 | $40.7M | $30.1M | ||
| Q3 24 | $-91.5M | $9.1M | ||
| Q2 24 | $35.8M | $30.8M |
| Q1 26 | — | — | ||
| Q4 25 | 39.7% | 11.3% | ||
| Q3 25 | 82.8% | 13.4% | ||
| Q2 25 | 29.4% | 53.9% | ||
| Q1 25 | 39.7% | 7.6% | ||
| Q4 24 | 57.9% | 27.6% | ||
| Q3 24 | -127.8% | 8.9% | ||
| Q2 24 | 44.2% | 30.6% |
| Q1 26 | — | 17.1% | ||
| Q4 25 | 39.9% | 10.4% | ||
| Q3 25 | 82.4% | 12.4% | ||
| Q2 25 | 29.3% | 50.8% | ||
| Q1 25 | 39.5% | 6.9% | ||
| Q4 24 | 57.7% | 25.9% | ||
| Q3 24 | -127.9% | 8.1% | ||
| Q2 24 | 44.1% | 28.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.19 | $0.09 | ||
| Q3 25 | $0.34 | $0.12 | ||
| Q2 25 | $0.12 | $0.46 | ||
| Q1 25 | $0.16 | $0.07 | ||
| Q4 24 | $0.25 | $0.25 | ||
| Q3 24 | $-0.69 | $0.07 | ||
| Q2 24 | $0.23 | $0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $139.8M | $50.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.9B | $1.4B |
| Total Assets | $9.9B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $50.0M | ||
| Q4 25 | $139.8M | $48.9M | ||
| Q3 25 | $245.9M | $77.8M | ||
| Q2 25 | $177.6M | $53.0M | ||
| Q1 25 | $166.4M | $48.0M | ||
| Q4 24 | $317.4M | $41.4M | ||
| Q3 24 | $194.3M | $67.9M | ||
| Q2 24 | $174.7M | $78.6M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.9B | $1.4B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $1.9B | $1.4B | ||
| Q3 24 | $1.9B | $1.3B | ||
| Q2 24 | $2.0B | $1.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $9.9B | $3.3B | ||
| Q3 25 | $9.5B | $3.3B | ||
| Q2 25 | $9.8B | $3.3B | ||
| Q1 25 | $8.8B | $3.3B | ||
| Q4 24 | $8.4B | $3.3B | ||
| Q3 24 | $9.1B | $3.2B | ||
| Q2 24 | $9.3B | $3.2B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $142.5M | $39.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 4.88× | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.1M | ||
| Q4 25 | $142.5M | $182.7M | ||
| Q3 25 | $31.7M | $55.7M | ||
| Q2 25 | $63.2M | $43.5M | ||
| Q1 25 | $39.3M | $32.6M | ||
| Q4 24 | $200.3M | $153.2M | ||
| Q3 24 | $47.2M | $36.6M | ||
| Q2 24 | $50.2M | $41.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $81.8M | ||
| Q3 25 | — | $26.1M | ||
| Q2 25 | — | $19.6M | ||
| Q1 25 | — | $11.9M | ||
| Q4 24 | — | $42.5M | ||
| Q3 24 | — | $12.2M | ||
| Q2 24 | — | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 68.4% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 17.2% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 36.6% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 18.6% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | — | 84.4% | ||
| Q3 25 | — | 24.6% | ||
| Q2 25 | — | 20.9% | ||
| Q1 25 | — | 17.5% | ||
| Q4 24 | — | 95.1% | ||
| Q3 24 | — | 21.7% | ||
| Q2 24 | — | 20.1% |
| Q1 26 | — | 1.73× | ||
| Q4 25 | 4.88× | 14.71× | ||
| Q3 25 | 0.62× | 3.73× | ||
| Q2 25 | 3.05× | 0.75× | ||
| Q1 25 | 1.51× | 3.97× | ||
| Q4 24 | 4.93× | 5.09× | ||
| Q3 24 | — | 4.03× | ||
| Q2 24 | 1.40× | 1.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARI
Segment breakdown not available.
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
