Arbor Realty Looks Steady And Its Preferreds Opportunistic

Mongkol Onnuan Arbor Realty (NYSE:ABR) provides bridge lending to apartment and single-family rental developers/owners. It is a regular business navigating its way through a difficult macro environment. Macro challenges are causing a higher-than-normal portion of ABR's loans to fail in some fashion, resulting in impairments or other losses. We believe the losses will be significant, yet contained, and that ABR will continue to occupy its lending niche in a reasonably successful manner. ABR common stock look ...