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Arbor Realty Trust, Inc. (NYSE: ABR) is a premier nationwide real estate investment trust (REIT) and direct lender headquartered in Uniondale, New York. For over 20 years, Arbor has specialized in loan origination and servicing for multifamily, seniors housing, healthcare, and diverse commercial real estate assets. Founded by Ivan Kaufman, Arbor operates two distinct segments, Structured Business and Agency Business, with a robust portfolio that includes bridge, mezzanine, CMBS, and preferred equity loans.
Arbor is renowned for its strong partnerships and comprehensive product offerings. The company is a top-tier Fannie Mae DUS® multifamily lender, Freddie Mac Optigo® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. In addition to its financing capabilities, Arbor directly acquires real property and invests in real estate-related notes and certain mortgage-related securities.
With a multibillion-dollar servicing portfolio, Arbor leverages its extensive expertise and commitment to client success to maintain top industry ratings by Standard & Poor’s and Fitch. Arbor's business model is built on long-term client relationships and a relentless pursuit of excellence, which is evident in its consistent financial performance. In June 2023, Arbor was added to the S&P SmallCap 600® index, further solidifying its market position.
Recent achievements include the expansion of office locations in Boston and the Buffalo area, a series of dividend increases, and strategic loan originations. Arbor's diversified and annuity-based operating platform continues to generate strong distributable earnings and dividends, making it an attractive investment opportunity. Arbor's commitment to innovation and excellence is underscored by its Positive Outlook rating from Fitch Ratings, reflecting the company's trajectory and robust servicing portfolio growth.
As of the latest financial reports, Arbor has demonstrated strong liquidity with approximately $1 billion in cash and liquidity and continues to expand its servicing portfolio, which has grown to approximately $31.38 billion by the first quarter of 2024. Arbor's proactive approach to loan modifications and strategic repurchase programs further exemplifies its adaptive strategies in a dynamic market environment.
Arbor Realty Trust (NYSE: ABR) reported Q4 2024 financial results with GAAP net income of $0.32 per diluted share and distributable earnings of $0.40 per diluted share. The company declared a quarterly cash dividend of $0.43 per share.
Key Q4 highlights include agency loan originations of $1.38 billion and a servicing portfolio of $33.47 billion. Structured loan originations reached $684.3 million with runoff of $900.6 million. The company issued $100 million of 9.00% senior notes due 2027.
For full-year 2024, ABR achieved GAAP net income of $1.18 and distributable earnings of $1.74 per diluted share. The agency servicing portfolio grew 8% from loan originations of $4.47 billion. The company successfully reduced its debt-to-equity ratio from 4:1 to 2.8:1, representing a 30% deleveraging.
Arbor Realty Trust (NYSE: ABR) has announced its schedule for the fourth quarter 2024 financial results release, set for Friday, February 21, 2025, before market opening. The company will host a conference call at 10:00 a.m. Eastern Time on the same day to discuss the results.
Investors can access the live webcast and replay through www.arbor.com's investor relations section. For telephone access, domestic callers should dial (800) 579-2543 and international callers (785) 424-1789, using passcode ABRQ424. A replay will be available until February 28, 2025, accessible at (800) 839-0866 for domestic and (402) 220-0662 for international callers.
Arbor Realty Trust operates as a nationwide real estate investment trust and direct lender, focusing on loan origination and servicing for multifamily, single-family rental portfolios, and other commercial real estate assets. The company manages a multibillion-dollar servicing portfolio and is a Fannie Mae DUS® lender and Freddie Mac Optigo® Seller/Servicer.
Arbor Realty Trust (NYSE: ABR) has announced the tax treatment of its 2024 dividend distributions for common and preferred shares. Common stock shareholders received total distributions of $1.72 per share throughout 2024, paid in four quarterly installments of $0.43 each. The distributions are classified as 100% non-qualified dividend income.
The company's preferred stock series also paid regular quarterly dividends: Series D at 6.375% ($1.59375 total), Series E at 6.25% ($1.5625 total), and Series F at 6.25% ($1.5625 total). All preferred stock distributions are classified as non-qualified dividends. No excess inclusion income will be passed through to shareholders for 2024.
Arbor Realty Trust (NYSE: ABR) has announced dividend declarations for its preferred stock series. The Board of Directors declared the following quarterly dividends: $0.3984375 per share for Series D, $0.390625 per share for Series E, and $0.390625 per share for Series F cumulative redeemable preferred stock. These dividends cover the period from October 30, 2024 through January 29, 2025, and will be paid on January 30, 2025 to stockholders of record as of January 15, 2025.
Fitch Ratings has upgraded Arbor Realty Trust's (NYSE: ABR) commercial primary servicer rating from CPS2 to CPS2+ and maintained its positive outlook. The upgrade reflects Arbor's excellence in multifamily agency loan servicing, experienced staff management, technology improvements including the ALEX borrower portal, and robust governance infrastructure. Fitch also affirmed Arbor's commercial special servicer rating at CSS3+. The company's servicing division manages a multi-billion-dollar portfolio of multifamily and commercial real estate loans from lenders including Fannie Mae and Freddie Mac.
Arbor Realty Trust (NYSE: ABR) reported Q3 2024 financial results with net income of $58.2 million ($0.31 per share), down from $77.9 million ($0.41 per share) in Q3 2023. The company declared a quarterly dividend of $0.43 per share. Agency loan originations reached $1.10 billion with a servicing portfolio of $33.01 billion, up 2% from Q2 and 10% year-over-year. The structured loan portfolio stood at $11.57 billion. The company successfully reduced its debt-to-equity ratio from 4:1 to 3:1 and maintained cash and liquidity of approximately $600 million.
Arbor Realty Trust (NYSE: ABR) has announced its third quarter 2024 earnings conference call schedule. The company will release financial results before market opens on Friday, November 1, 2024, followed by a conference call at 10:00 a.m. Eastern Time. A live webcast and replay will be available on the company's website. Arbor Realty Trust is a nationwide real estate investment trust and direct lender, specializing in loan origination and servicing for multifamily, single-family rental portfolios, and other commercial real estate assets.
Arbor Realty Trust, Inc. (NYSE:ABR) announced that its subsidiary, Arbor Realty SR, Inc., has closed a private placement of $100 million aggregate principal amount of 9.00% senior notes due October 15, 2027. The notes will be fully guaranteed by Arbor Realty Trust on a senior unsecured basis. The company plans to use the net proceeds to pay down debt and for general corporate purposes.
Piper Sandler & Co. acted as the sole placement agent for this offering. The notes have not been registered under the Securities Act of 1933 and are being offered and sold under an exemption from registration. Arbor Realty Trust is a nationwide real estate investment trust and direct lender, specializing in loan origination and servicing for multifamily, single-family rental portfolios, and other diverse commercial real estate assets.
Arbor Realty Trust (NYSE: ABR) reported Q2 2024 financial results with GAAP net income of $0.25 per diluted share and distributable earnings of $0.45 per diluted share. The company declared a cash dividend of $0.43 per share. Key highlights include:
- Strong liquidity position with ~$725 million in cash and liquidity
- Agency loan originations of $1.15 billion
- Structured loan originations of $227.2 million
- Servicing portfolio increased 3% to ~$32.28 billion
- Redeemed 5.75% senior notes at maturity for ~$90.0 million
- Repurchased $11.4 million of common stock at average price of $12.19 per share
The company's loan and investment portfolio UPB was $11.87 billion with a weighted average interest rate of 7.79%. Arbor recorded a $28.9 million provision for loan losses and had 24 non-performing loans with a UPB of $676.2 million.
Arbor Realty Trust (NYSE: ABR) has announced its schedule for the release of second quarter 2024 financial results. The company will release its Q2 2024 results before market open on Friday, August 2, 2024, followed by a conference call at 10:00 a.m. Eastern Time on the same day. Investors can access a live webcast and replay of the call on the company's website. For those without web access, dial-in numbers are provided for both domestic and international callers.
Arbor Realty Trust is a nationwide real estate investment trust and direct lender, specializing in loan origination and servicing for multifamily, single-family rental portfolios, and other diverse commercial real estate assets. The company manages a multibillion-dollar servicing portfolio and is a leading lender for various government-sponsored enterprise products.