Arbor Realty Trust, Inc. - ABR STOCK NEWS

Arbor Realty Trust, Inc. (NYSE: ABR) announced plans for a public offering of 7,000,000 shares of its common stock, with a 30-day option for underwriters to purchase an additional 1,050,000 shares. Proceeds will support business investments and general corporate purposes, including repurchasing up to 805,000 shares from the CEO and related entities at the offering price. The offering is made under an effective automatic shelf registration statement with the SEC, with J.P. Morgan, JMP Securities, and Raymond James as joint book-running managers.

Arbor Realty Trust (NYSE: ABR) reported strong third-quarter results for 2020, with a net income of $82.0 million, or $0.72 per diluted share, compared to $34.0 million or $0.35 per diluted share in Q3 2019. Core earnings increased to $67.1 million ($0.50 per share) from $43.1 million ($0.37 per share) year-over-year. The company raised its dividend to $0.32 per share, marking a 6.7% increase year-to-date. The agency business reported $1.47 billion in loan originations, a 10.1% increase from Q3 2019. Overall, Arbor maintains a solid multifamily focus amid diverse income streams.

Arbor Realty Trust (NYSE: ABR) will release its third quarter 2020 financial results before market opens on October 30, 2020. A conference call is scheduled for the same day at 10:00 a.m. ET to discuss these results. Investors can join via a live webcast on the company's investor relations website, or by telephone. The domestic dial-in number is (877) 876-9176, while international callers can reach (785) 424-1670. A replay of the call will be available until November 6, 2020.

Arbor Realty Trust (NYSE:ABR) reported a net income of $44.1 million for Q2 2020, or $0.40 per diluted share, an increase from $28.9 million in Q2 2019. Core earnings were $60.4 million, up from $38.6 million year-over-year. The company raised its quarterly cash dividend by 7% to $0.31 per share, payable on August 31, 2020. Total loan originations reached $1.40 billion, a 9% increase from Q2 2019. Arbor maintains strong liquidity with approximately $450 million and a servicing portfolio of $21.58 billion, reflecting an 11% increase from last year.

Arbor Realty Trust (NYSE: ABR) plans to release its second quarter 2020 financial results on July 31, 2020, before the market opens. A conference call is scheduled for 9:00 a.m. ET on the same day to discuss the results. Investors can access the call via a live webcast or telephone, utilizing the provided dial-in numbers. A replay of the call will be available until August 7, 2020.

Arbor Realty Trust is a real estate investment trust specializing in diverse commercial real estate assets, with a focus on multifamily, seniors housing, and healthcare loans.

Arbor Realty Trust (NYSE: ABR) has successfully completed the private placement of $30 million in 8.00% senior unsecured notes due April 30, 2023, raising the total to $70.75 million. The proceeds will be utilized to repay secured debts and support business investments. The Reopened Notes are not registered under the Securities Act and are sold under an exemption. Piper Sandler & Co. acted as the placement agent for this offering.

Arbor Realty Trust, Inc. (NYSE:ABR) announced the successful closing of a private label multifamily mortgage loan securitization valued at approximately $727 million. This marks the initiation of Arbor's private label program, with the securitization comprising 40 fixed-rate, 10-year mortgage loans secured by first priority liens on 49 multifamily properties. Rated investment grade by Fitch and DBRS, the offering included multifamily mortgage pass-through certificates. Arbor will retain approximately $63.6 million in subordinate certificates to meet credit risk retention obligations.

Arbor Realty Trust (NYSE: ABR) has shifted its annual meeting to a virtual-only format on June 3, 2020, at 11 a.m. ET, due to COVID-19 concerns. This change aligns with federal and state health recommendations. The agenda remains unchanged from prior communications. Shareholders of record as of April 6, 2020, can participate and vote, while guests can only listen. Detailed registration instructions are provided for beneficial owners and record shareholders, emphasizing early registration to access the meeting effectively.

Arbor Realty Trust reported a GAAP net loss of $59.3 million for Q1 2020, translating to $0.54 per diluted share, a drop from a net income of $22.7 million a year earlier. Core earnings were $40.7 million or $0.31 per share, slightly up from $36.1 million. The company declared a quarterly dividend of $0.30 per share payable on July 15, 2020. They issued $275 million in senior unsecured notes due in 2027. Agency Loan originations totaled $1.08 billion, contributing to a servicing portfolio of $20.20 billion despite notable losses from derivatives and CECL provisions.