UNIONDALE, N.Y., May 08, 2024 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE:ABR), on Friday, May 3, 2024, released its first-quarter earnings press release and filed its first-quarter Form 10-Q. As you may be aware, Arbor has been, and continues to be the subject of certain "reports" by short sellers, who frequently make statements that reflect their opinions based on certain select data. In light of the current environment and the continued elevated short interest in our company, we anticipate more of ...

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Financial Data and Key Metrics Changes - The company reported distributable earnings of $97 million or $0.47 per share, with a payout ratio of around 90% for the first quarter of 2024 [23][6][12] - Book value per share increased by 1% to $12.64, showing resilience compared to peers who experienced significant book value erosion [27][6] - Total delinquencies decreased by 23% from $1.23 billion to $954 million, indicating effective loan modifications and collection efforts [26][6] Business Line Data and Key Metrics Changes - The GSE Agency business generated $850 million in originations and $1.1 billion in loan sales, with a margin of 1.54% [15][28] - The fee-based services portfolio grew to approximately $31.1 billion, generating about $122 million in annual recurring cash flow [16][28] - The balance sheet business produced $540 million in run-off, with $210 million recaptured into new agency loan originations [18][6] Market Data and Key Metrics Changes - The company maintained a strong liquidity position with approximately $1 billion in cash, including $800 million of corporate cash and $600 million in CLOs [11][6] - The average yield on core investments increased to 9.44% from 9.31% due to successful loan modifications [30][6] - The overall cost of debt remained flat at approximately 7.45% [31][6] Company Strategy and Development Direction - The company is focused on maintaining liquidity and leveraging low-cost CLO vehicles to navigate the current challenging environment [11][13] - A strategic emphasis on modifying delinquent loans and converting multifamily bridge loans into agency products is in place to enhance income streams [17][18] - The company is exploring opportunities in construction lending, anticipating attractive returns on capital [20][6] Management's Comments on Operating Environment and Future Outlook - Management indicated that the first half of 2024 would be the most challenging period, with potential stress extending into the third and fourth quarters [7][6] - The company is optimistic about managing through the current downturn, supported by a diversified business model and strong asset management [22][6] - Future credit performance is expected to be influenced significantly by interest rate movements, with a focus on maintaining adequate reserves [59][61] Other Important Information - The company repurchased approximately $11.4 million of stock at an average price of $12.19, generating a current dividend yield of 14% [12][6] - The company has successfully modified 40 loans totaling $1.9 billion, with borrowers injecting $45 million in new capital [9][6] Q&A Session Summary Question: Clarification on loan modifications and borrower capital contributions - The company confirmed that all modified loans required borrowers to bring additional capital, totaling $45 million [36][6] Question: Insights on new construction loan products and market opportunities - Management acknowledged that regional banks are pulling back from commercial real estate, creating opportunities for the company to step in [40][6] Question: Discussion on net interest income and its components - The company provided details on the mix of interest income, highlighting successful modifications and the impact of delinquent loans [44][6] Question: Expectations for loan loss reserves and modifications - Management indicated that reserves may continue to increase in the near term, depending on the interest rate environment [58][61] Question: Future outlook on credit performance and cash flow - Management expressed confidence in cash flow from operations matching dividends, despite potential market stress [70][6]

1Q23 Investor Presentation CONFIDENTIAL May 2023 Forward-Looking Statements Certain items in this presentation may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including information about possible, anticipated or assumed future results of our business, our financial condition, liquidity, results of operations, plans and objectives. These statements are based on management’s current expectations and beliefs a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-32136 Arbor Realty Trust, Inc. (Exact name of registrant as specified in its charter) Maryland 20-0057959 (State or other jurisdiction of incorporation) ( ...

Arbor Realty Trust Reports First Quarter 2024 Results and Declares Dividend of $0.43 per Share Company Highlights: • GAAP net income of $0.31 per diluted common share • Distributable earnings1 of $0.47, or $0.48 per diluted common share, excluding a $1.6 million realized loss on a non-performing loan that was previously reserved for • Declares cash dividend on common stock of $0.43 per share representing a 91% payout ratio • Strong liquidity position with ~$800 million in cash and liquidity and ~$600 millio ...

Company Highlights: GAAP net income of $0.31 per diluted common shareDistributable earnings¹ of $0.47, or $0.48 per diluted common share, excluding a $1.6 million realized loss on a non-performing loan that was previously reserved forDeclares cash dividend on common stock of $0.43 per share representing a 91% payout ratioStrong liquidity position with ~$800 million in cash and liquidity and ~$600 million of restricted cash in CLO vehicles with a cost of debt below the current market²Agency loan originations ...

Arbor Realty Trust (ABR) is scheduled to report first-quarter 2024 results on May 3, before market open. The company is expected to have witnessed year-over-year declines in interest income and earnings.In the last reported quarter, the New York-headquartered real estate investment trust (REIT), which primarily focuses on originating and servicing loans for multi-family, single-family and other commercial real estate assets, posted distributable earnings of 51 cents, surpassing the Zacks Consensus Estimate ...

The most recent trading session ended with Arbor Realty Trust (ABR) standing at $13.02, reflecting a +1.56% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.32% gain on the day. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 0.35%.Prior to today's trading, shares of the real estate investment trust had lost 3.25% over the past month. This has was narrower than the Finance sector's loss of 5.24% and lagged the S&P 500's loss of 2% in that time.T ...

Thomas Barwick A few days ago, I wrote an article titled “3 REITs That Yield 8%+” in which I explained that “I get paid handsomely to hold these high-yield REITs, even while I wait for their shares to recover.” My three 8%+ picks in that article included these three REITs: NewLake Capital Partners (OTCQX:NLCP) yielding 8.9%. Healthcare Realty Trust (HR) yielding 8.6%. Ladder Capital (LADR) yielding 8.8%. For many investors, an 8% yield can be attractive, especially if there’s a margin of safety in the ...