Arbor Realty Trust Declares Preferred Stock Dividends

Rhea-AI Summary

Arbor Realty Trust, Inc. (NYSE: ABR) has declared cash dividends for its Series D, E, and F cumulative redeemable preferred stock. The dividends of $0.3984375, $0.390625, and $0.390625 per share reflect accruals from July 30, 2022, to October 29, 2022. These dividends are payable on October 31, 2022, to preferred stockholders of record on October 15, 2022. This announcement highlights Arbor's ongoing commitment to providing returns to its investors amidst fluctuating economic conditions.

Positive

• Declared dividends for preferred stock series D, E, and F totaling $0.3984375, $0.390625, and $0.390625 per share, reflecting strong cash flow management.
• Demonstrates Arbor's commitment to returning value to shareholders through consistent dividend payments.

Negative

• None.

UNIONDALE, N.Y., Sept. 30, 2022 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced that its Board of Directors has declared cash dividends on the Company's Series D, Series E, and Series F cumulative redeemable preferred stock of $0.3984375, $0.390625, and $0.390625 per share, respectively. The Series D, E, and F preferred stock dividends reflect accrued dividends from July 30, 2022 through October 29, 2022. The dividends are payable on October 31, 2022 to preferred stockholders of record on October 15, 2022.

About Arbor Realty Trust, Inc.

Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. Headquartered in New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS® lender, Freddie Mac Optigo ®Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor’s product platform also includes bridge, CMBS, mezzanine, and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality, and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.

Safe Harbor Statement  

Certain items in this press release may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Arbor can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from Arbor’s expectations include, but are not limited to, changes in economic conditions generally, and the real estate markets specifically, in particular, due to the uncertainties created by the COVID-19 pandemic, continued ability to source new investments, changes in interest rates and/or credit spreads, and other risks detailed in Arbor’s Annual Report on Form 10-K for the year ended December 31, 2021 and its other reports filed with the SEC. Such forward-looking statements speak only as of the date of this press release. Arbor expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Arbor’s expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.

Contact: Arbor Realty Trust, Inc. Paul Elenio, Chief Financial Officer 516-506-4422 pelenio@arbor.com

FAQ

What is the dividend amount declared by Arbor Realty Trust for ABR stock?

Arbor Realty Trust declared dividends of $0.3984375 for Series D and $0.390625 for both Series E and F.

When is the dividend payment date for Arbor Realty Trust's preferred stock?

The dividends are payable on October 31, 2022.

What is the record date for Arbor Realty Trust's preferred stock dividends?

The record date for the preferred stock dividends is October 15, 2022.

How often does Arbor Realty Trust pay dividends on its preferred stock?

Arbor Realty Trust pays dividends quarterly based on accruals.

Is the dividend declared by Arbor Realty Trust sustainable?

The sustainability of the dividends is influenced by Arbor's ongoing cash flow and market conditions.