Welcome to our dedicated page for Arbor Realty Trust news (Ticker: ABR), a resource for investors and traders seeking the latest updates and insights on Arbor Realty Trust stock.
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, Inc. (NYSE: ABR) announced a $50 million share repurchase program approved by its Board of Directors. This program allows the company to buy back its common stock through open market transactions and privately negotiated deals, aligning with SEC rules. There is no obligation to acquire a specific amount, as repurchases will depend on various factors, including stock performance and market conditions. Notably, the program has no time limit and may be modified or suspended at any time, indicating flexibility in capital management.
On March 17, 2023, Arbor Realty Trust (NYSE: ABR) announced the closing of a $95 million private placement of 7.75% senior unsecured notes due March 30, 2026. The notes will be guaranteed on a senior basis by Arbor. The net proceeds will be utilized to redeem $70.75 million of its 8.00% senior unsecured notes due April 2023, with any remaining funds allocated for general corporate purposes. The placement was facilitated by Piper Sandler & Co. These notes are being offered under exemptions from the registration requirements of the Securities Act.
Arbor Realty Trust (NYSE: ABR) addressed a misleading report by Ningi Research, a short seller of its stock, claiming the report is filled with inaccuracies. Arbor emphasizes its adherence to generally accepted accounting principles and strong corporate governance. The company refutes the allegations as an attempt by Ningi to profit from short positions on Arbor's stock. Arbor is a leading real estate investment trust specializing in multifamily and commercial real estate loans, managing a multibillion-dollar servicing portfolio.
Arbor Realty Trust, Inc. (NYSE: ABR) has announced a change in the record date for its quarterly cash dividend of $0.40 per share, originally set for March 3, 2023. The new record date is March 13, 2023, with an ex-dividend date of March 10, 2023. The dividend will still be paid on March 17, 2023. This adjustment complies with the New York Stock Exchange’s ten-day notice rule, ensuring shareholders are informed in a timely manner.
ACRE and ARK Residential have announced the development of The Springs at Arcadia, a 150-unit single-family rental community in Myrtle Beach, South Carolina. Construction has started, with pre-leasing beginning in January 2023 and an anticipated completion date of Q1 2024. The project, financed with $37 million from Arbor Realty Trust, aims to meet the surging demand for single-family rentals in the region. The development consists of three and four-bedroom homes featuring high-quality finishes and amenities. This initiative aligns with ACRE's goal of enhancing multifamily and single-family rental offerings in under-served markets.
Arbor Realty Trust (NYSE: ABR) reported strong fourth quarter results with a GAAP net income of $88.2 million or $0.49 per diluted share, down from $106.0 million in the same quarter last year. Distributable earnings rose to $114.0 million, or $0.60 per diluted share, exceeding the current dividend of $0.40 per share, indicating a 67% payout ratio. The company raised its dividend three times in 2022, reaching an annual run rate of $1.60 per share. With robust structured and agency loan originations totaling $500.5 million and $1.55 billion respectively, Arbor maintains a solid liquidity position of approximately $685 million.
Arbor Realty Trust (NYSE: ABR) announced it will release its fourth quarter 2022 financial results before the market opens on February 17, 2023. A conference call to discuss the results is scheduled for the same day at 10:00 a.m. ET. Investors can access the live webcast on the company’s investor relations website or join via telephone. Domestic participants can call (800) 267-6316, while international callers can dial (203) 518-9783, using passcode ABRQ422. A replay of the call will be available until February 24, 2023.
Arbor Realty Trust specializes in real estate investment and lending, focusing on multifamily and commercial assets.
Arbor Realty Trust (NYSE: ABR) announced that 100% of its 2022 dividend distributions will be classified as dividend income for tax reporting. The total distribution per share for common stock was $1.54, with quarterly payments ranging from $0.37 to $0.40. Preferred stock distributions also totaled $1.59375 for the Series D and $1.5625 for the Series E. Additionally, no excess inclusion income will be passed to shareholders for tax purposes, and Arbor does not issue K-1s. Shareholders are recommended to consult with their tax advisors regarding specific tax treatments.
Arbor Realty Trust (NYSE: ABR) announced the declaration of cash dividends on its Series D, E, and F cumulative redeemable preferred stock, with amounts set at $0.3984375, $0.390625, and $0.390625 per share, respectively. These dividends reflect accrued payments from October 30, 2022 to January 29, 2023. The dividends are due for payment on January 31, 2023, to shareholders of record by January 15, 2023.
On Dec. 23, 2022, Arbor Realty Trust (NYSE: ABR) co-funded a significant Fannie Mae Structured Adjustable-Rate Mortgage (SARM) loan as part of Emerald Empire's acquisition of Pangea Properties' Chicago portfolio. This transaction, involving hundreds of properties with over 97% deemed 'affordable,' showcases Arbor's commitment to affordable housing. The deal also ensures job continuity for Pangea Properties' employees in Chicago. Arbor, a noted multifamily lender, leveraged its longstanding partnerships to facilitate this impactful project aimed at promoting housing affordability.
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