Step 1: Recall the formula.
The common difference (d) in an AP is the difference between any two consecutive terms.
\[
d = a_2 - a_1
\]
Step 2: Substitute values.
\[
d = (-1) - (-5) = 4
\]
Step 3: Verify.
Next term difference check: $3 - (-1) = 4$, $7 - 3 = 4$. Thus, the common difference is confirmed.
Step 4: Conclusion.
Hence, the common difference of the given AP is 4.