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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Net interest income:                      
Interest income from securities $ 8,275us-gaap_InvestmentIncomeInterest $ 6,129us-gaap_InvestmentIncomeInterest $ 4,366us-gaap_InvestmentIncomeInterest $ 2,419us-gaap_InvestmentIncomeInterest $ 3,633us-gaap_InvestmentIncomeInterest $ 2,533us-gaap_InvestmentIncomeInterest $ 3,014us-gaap_InvestmentIncomeInterest $ 3,087us-gaap_InvestmentIncomeInterest $ 21,189us-gaap_InvestmentIncomeInterest $ 12,267us-gaap_InvestmentIncomeInterest $ 15,347us-gaap_InvestmentIncomeInterest
Interest income from securities, held to maturity 3,165us-gaap_InterestAndDividendIncomeSecuritiesHeldToMaturity 1,448us-gaap_InterestAndDividendIncomeSecuritiesHeldToMaturity 0us-gaap_InterestAndDividendIncomeSecuritiesHeldToMaturity 0us-gaap_InterestAndDividendIncomeSecuritiesHeldToMaturity 0us-gaap_InterestAndDividendIncomeSecuritiesHeldToMaturity 0us-gaap_InterestAndDividendIncomeSecuritiesHeldToMaturity 0us-gaap_InterestAndDividendIncomeSecuritiesHeldToMaturity 0us-gaap_InterestAndDividendIncomeSecuritiesHeldToMaturity 4,613us-gaap_InterestAndDividendIncomeSecuritiesHeldToMaturity 0us-gaap_InterestAndDividendIncomeSecuritiesHeldToMaturity 0us-gaap_InterestAndDividendIncomeSecuritiesHeldToMaturity
Interest income from commercial mortgage loans 9,328us-gaap_InterestAndFeeIncomeLoansCommercial 8,025us-gaap_InterestAndFeeIncomeLoansCommercial 6,438us-gaap_InterestAndFeeIncomeLoansCommercial 4,011us-gaap_InterestAndFeeIncomeLoansCommercial 3,812us-gaap_InterestAndFeeIncomeLoansCommercial 4,954us-gaap_InterestAndFeeIncomeLoansCommercial 3,676us-gaap_InterestAndFeeIncomeLoansCommercial 3,592us-gaap_InterestAndFeeIncomeLoansCommercial 27,802us-gaap_InterestAndFeeIncomeLoansCommercial 16,034us-gaap_InterestAndFeeIncomeLoansCommercial 10,780us-gaap_InterestAndFeeIncomeLoansCommercial
Interest income from subordinate loans 17,021ari_InterestandFeeIncomeLoansSubordinateCommercialRealEstate 19,754ari_InterestandFeeIncomeLoansSubordinateCommercialRealEstate 18,238ari_InterestandFeeIncomeLoansSubordinateCommercialRealEstate 14,730ari_InterestandFeeIncomeLoansSubordinateCommercialRealEstate 14,026ari_InterestandFeeIncomeLoansSubordinateCommercialRealEstate 12,184ari_InterestandFeeIncomeLoansSubordinateCommercialRealEstate 11,498ari_InterestandFeeIncomeLoansSubordinateCommercialRealEstate 11,454ari_InterestandFeeIncomeLoansSubordinateCommercialRealEstate 69,743ari_InterestandFeeIncomeLoansSubordinateCommercialRealEstate 49,162ari_InterestandFeeIncomeLoansSubordinateCommercialRealEstate 24,666ari_InterestandFeeIncomeLoansSubordinateCommercialRealEstate
Interest income from repurchase agreements 0ari_InterestandFeeIncomeLoansRepurchaseAgreements 0ari_InterestandFeeIncomeLoansRepurchaseAgreements 0ari_InterestandFeeIncomeLoansRepurchaseAgreements 0ari_InterestandFeeIncomeLoansRepurchaseAgreements 0ari_InterestandFeeIncomeLoansRepurchaseAgreements 0ari_InterestandFeeIncomeLoansRepurchaseAgreements 0ari_InterestandFeeIncomeLoansRepurchaseAgreements 2ari_InterestandFeeIncomeLoansRepurchaseAgreements 0ari_InterestandFeeIncomeLoansRepurchaseAgreements 0ari_InterestandFeeIncomeLoansRepurchaseAgreements 6,286ari_InterestandFeeIncomeLoansRepurchaseAgreements
Interest expense (10,740)us-gaap_InterestExpense (8,786)us-gaap_InterestExpense (5,258)us-gaap_InterestExpense (1,757)us-gaap_InterestExpense (1,450)us-gaap_InterestExpense (885)us-gaap_InterestExpense (955)us-gaap_InterestExpense (1,068)us-gaap_InterestExpense (26,541)us-gaap_InterestExpense (4,356)us-gaap_InterestExpense (8,402)us-gaap_InterestExpense
Net interest income 27,049us-gaap_InterestIncomeExpenseNet 26,570us-gaap_InterestIncomeExpenseNet 23,784us-gaap_InterestIncomeExpenseNet 19,403us-gaap_InterestIncomeExpenseNet 20,021us-gaap_InterestIncomeExpenseNet 18,786us-gaap_InterestIncomeExpenseNet 17,233us-gaap_InterestIncomeExpenseNet 17,067us-gaap_InterestIncomeExpenseNet 96,806us-gaap_InterestIncomeExpenseNet 73,107us-gaap_InterestIncomeExpenseNet 48,677us-gaap_InterestIncomeExpenseNet
Operating expenses:                      
General and administrative expenses (includes equity-based compensation of $1,576 in 2014, $3,488 in 2013 and $3,624 in 2012) (1,796)us-gaap_GeneralAndAdministrativeExpense (1,434)us-gaap_GeneralAndAdministrativeExpense (1,479)us-gaap_GeneralAndAdministrativeExpense (1,442)us-gaap_GeneralAndAdministrativeExpense (2,438)us-gaap_GeneralAndAdministrativeExpense (1,793)us-gaap_GeneralAndAdministrativeExpense (1,437)us-gaap_GeneralAndAdministrativeExpense (1,895)us-gaap_GeneralAndAdministrativeExpense (6,151)us-gaap_GeneralAndAdministrativeExpense (7,563)us-gaap_GeneralAndAdministrativeExpense (8,543)us-gaap_GeneralAndAdministrativeExpense
Management fees to related party (3,236)us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty (3,193)us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty (2,966)us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty (2,565)us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty (2,627)us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty (2,625)us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty (2,600)us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty (2,160)us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty (11,960)us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty (10,012)us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty (6,139)us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
Total operating expenses (5,032)us-gaap_OperatingExpenses (4,627)us-gaap_OperatingExpenses (4,445)us-gaap_OperatingExpenses (4,007)us-gaap_OperatingExpenses (5,065)us-gaap_OperatingExpenses (4,418)us-gaap_OperatingExpenses (4,037)us-gaap_OperatingExpenses (4,055)us-gaap_OperatingExpenses (18,111)us-gaap_OperatingExpenses (17,575)us-gaap_OperatingExpenses (14,682)us-gaap_OperatingExpenses
Income from unconsolidated joint venture (69)us-gaap_IncomeLossFromEquityMethodInvestments (88)us-gaap_IncomeLossFromEquityMethodInvestments 0us-gaap_IncomeLossFromEquityMethodInvestments 0us-gaap_IncomeLossFromEquityMethodInvestments 0us-gaap_IncomeLossFromEquityMethodInvestments 0us-gaap_IncomeLossFromEquityMethodInvestments 0us-gaap_IncomeLossFromEquityMethodInvestments 0us-gaap_IncomeLossFromEquityMethodInvestments (157)us-gaap_IncomeLossFromEquityMethodInvestments 0us-gaap_IncomeLossFromEquityMethodInvestments 0us-gaap_IncomeLossFromEquityMethodInvestments
Interest income from cash balances 9us-gaap_OtherNonoperatingIncome 21us-gaap_OtherNonoperatingIncome 4us-gaap_OtherNonoperatingIncome 0us-gaap_OtherNonoperatingIncome 1us-gaap_OtherNonoperatingIncome 3us-gaap_OtherNonoperatingIncome 16us-gaap_OtherNonoperatingIncome 0us-gaap_OtherNonoperatingIncome 34us-gaap_OtherNonoperatingIncome 20us-gaap_OtherNonoperatingIncome 7us-gaap_OtherNonoperatingIncome
Realized gain on sale of securities                 0us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet 0us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet 262us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet
Unrealized gain (loss) on securities (639)us-gaap_UnrealizedGainLossOnSecurities (2,147)us-gaap_UnrealizedGainLossOnSecurities 4,749us-gaap_UnrealizedGainLossOnSecurities 2,184us-gaap_UnrealizedGainLossOnSecurities 908us-gaap_UnrealizedGainLossOnSecurities (1,472)us-gaap_UnrealizedGainLossOnSecurities (1,421)us-gaap_UnrealizedGainLossOnSecurities (1,080)us-gaap_UnrealizedGainLossOnSecurities 4,147us-gaap_UnrealizedGainLossOnSecurities (3,065)us-gaap_UnrealizedGainLossOnSecurities 6,489us-gaap_UnrealizedGainLossOnSecurities
Foreign currency gain (loss) (1,413)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (3,596)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 959us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 0us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 0us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 0us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 0us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 0us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (4,050)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax    
Gain (loss) on derivative instruments (includes unrealized gains (losses) of $4,070 in 2014, $155 in 2013 and $323 in 2012) 2,137us-gaap_GainLossOnDerivativeInstrumentsNetPretax 3,026us-gaap_GainLossOnDerivativeInstrumentsNetPretax (1,093)us-gaap_GainLossOnDerivativeInstrumentsNetPretax 0us-gaap_GainLossOnDerivativeInstrumentsNetPretax (1)us-gaap_GainLossOnDerivativeInstrumentsNetPretax 1us-gaap_GainLossOnDerivativeInstrumentsNetPretax (2)us-gaap_GainLossOnDerivativeInstrumentsNetPretax 0us-gaap_GainLossOnDerivativeInstrumentsNetPretax 4,070us-gaap_GainLossOnDerivativeInstrumentsNetPretax (2)us-gaap_GainLossOnDerivativeInstrumentsNetPretax (572)us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Net income 22,042us-gaap_NetIncomeLoss 19,159us-gaap_NetIncomeLoss 23,958us-gaap_NetIncomeLoss 17,580us-gaap_NetIncomeLoss 15,864us-gaap_NetIncomeLoss 12,900us-gaap_NetIncomeLoss 11,789us-gaap_NetIncomeLoss 11,932us-gaap_NetIncomeLoss 82,739us-gaap_NetIncomeLoss 52,485us-gaap_NetIncomeLoss 40,181us-gaap_NetIncomeLoss
Preferred dividends                 (7,440)us-gaap_PreferredStockDividendsIncomeStatementImpact (7,440)us-gaap_PreferredStockDividendsIncomeStatementImpact (3,079)us-gaap_PreferredStockDividendsIncomeStatementImpact
Net income available to common stockholders $ 20,182us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 17,299us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 22,098us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 15,720us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 14,004us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 11,040us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 9,929us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 10,072us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 75,299us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 45,045us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 37,102us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Basic and diluted net income per share of common stock (in dollars per share) $ 0.43us-gaap_EarningsPerShareBasicAndDiluted $ 0.37us-gaap_EarningsPerShareBasicAndDiluted $ 0.51us-gaap_EarningsPerShareBasicAndDiluted $ 0.42us-gaap_EarningsPerShareBasicAndDiluted $ 0.37us-gaap_EarningsPerShareBasicAndDiluted $ 0.30us-gaap_EarningsPerShareBasicAndDiluted $ 0.27us-gaap_EarningsPerShareBasicAndDiluted $ 0.33us-gaap_EarningsPerShareBasicAndDiluted $ 1.72us-gaap_EarningsPerShareBasicAndDiluted $ 1.26us-gaap_EarningsPerShareBasicAndDiluted $ 1.64us-gaap_EarningsPerShareBasicAndDiluted
Basic weighted average shares of common stock outstanding 46,852,646us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 46,848,675us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 42,888,747us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 37,122,842us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 36,886,619us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 36,883,002us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 36,880,410us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 30,105,939us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 43,464,255us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 35,212,211us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 22,259,386us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted weighted average shares of common stock outstanding 47,085,617us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 47,068,929us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 43,099,354us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 37,341,050us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 37,390,369us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 37,379,469us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 37,373,885us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 30,480,689us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 43,684,805us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 35,679,755us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 22,648,819us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding