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 reported Q3 2022 results with net income of $62.7 million ($0.36/share) and distributable earnings of $105.1 million ($0.56/share). The firm raised its cash dividend to $0.40/share, marking the 10th consecutive quarterly increase. The company holds approximately $500 million in cash and liquidity, plus $375 million in restricted cash. Loan originations reached $774.7 million, with a total portfolio of ~$15 billion. However, net income dropped from $72.8 million ($0.51/share) in Q3 2021.
Arbor Realty Trust (NYSE: ABR) will release its Q3 2022 financial results on November 4, 2022, before market open. A conference call is scheduled for 10:00 a.m. ET the same day to discuss these results. The call will be accessible via live webcast on the company's investor relations website, with telephonic access available for those without internet. The replay will be available until November 11, 2022. Arbor Realty Trust is a leading real estate investment trust that specializes in loan origination and servicing for various commercial real estate assets.
Arbor Realty Trust, Inc. (NYSE: ABR) announced the closing of a $150 million offering of 8.50% Senior Notes due 2027. The notes, which are senior and unsecured obligations, carry an interest rate of 8.50%, with semiannual payments starting April 15, 2023. Approximately $46 million of the proceeds will be used to repurchase existing 5.625% Senior Notes due 2023, with the remaining funds allocated for general corporate purposes. This offering was conducted under Rule 144A and Regulation S, targeting institutional buyers and non-U.S. persons.
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.
Arbor Realty Trust (NYSE: ABR) has announced an upsized offering of $250 million in 7.50% Convertible Senior Notes due 2025, increasing from a previous $200 million offering. The notes, which will not be redeemable prior to maturity, will bear interest and are convertible into cash and/or common stock. The proceeds will primarily be used to repurchase existing 4.75% Convertible Senior Notes due 2022. The offering is expected to close around August 5, 2022, and comes with a 13-day option for initial purchasers to buy an additional $37.5 million in notes.
Arbor Realty Trust (NYSE: ABR) announced its intention to offer $200 million of Convertible Senior Notes due 2025 through a private placement. The offering may include an additional $30 million at the initial purchasers' option. Proceeds will be used to repurchase part of its outstanding 4.75% Convertible Senior Notes due 2022 and for general corporate purposes. The Notes will not be registered under the Securities Act, restricting their sale unless in compliance with exemptions.
Arbor Realty Trust (ABR) reported second-quarter 2022 net income of $69.9 million, or $0.41 per diluted share, slightly up from $69.1 million in the prior year. Distributable earnings reached $93.7 million, boosting earnings per diluted share to $0.52. The company raised its quarterly cash dividend by 30% to $0.39 per share, marking the ninth consecutive increase. Total loan originations hit $1.27 billion with a servicing portfolio totaling $26.77 billion. The structured portfolio surpassed $15 billion, bolstered by a $1.05 billion securitization. Effective management resulted in a 75% dividend payout ratio.
Arbor Realty Trust (NYSE: ABR) announced the upcoming release of its second quarter 2022 financial results, scheduled for July 29, 2022, before market opening. A conference call to discuss these results will be held at 10:00 a.m. ET on the same day, with options for both live webcast and telephonic access. The replay of the call will be available until August 5, 2022. Arbor Realty Trust is a nationwide real estate investment trust specializing in loan origination and servicing for various commercial real estate assets, with a significant focus on government-sponsored enterprise products.
On July 1, 2022, Arbor Realty Trust, Inc. (NYSE: ABR) declared cash dividends for its Series D, E, and F cumulative redeemable preferred stock, set at $0.3984375, $0.390625, and $0.390625 per share, respectively. These dividends reflect accruals from April 30, 2022, to July 29, 2022, and are payable on August 1, 2022, to stockholders of record by July 15, 2022.
Arbor Realty Trust, Inc. (NYSE: ABR) announced the successful completion of a $1.05 billion commercial real estate mortgage loan securitization. This securitization includes approximately $873 million in investment grade-rated notes and Arbor's retention of $177 million in subordinate interests. The collateral encompasses $73 million for potential additional loans within 180 days. The notes feature an initial weighted average spread of 2.36% over Term SOFR, with a two-year replenishment period. Proceeds will be utilized to repay existing borrowings and fund future investments.
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