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Arbor Realty Trust Reports Third Quarter 2024 Results and Declares Dividend of $0.43 per Share
ABRArbor(ABR) GlobeNewswire News Room·2024-11-01 12:15

Company Highlights: GAAP net income of 0.31anddistributableearningsof0.31 and distributable earnings of 0.43, per diluted common share1 Declares cash dividend on common stock of 0.43pershareSuccessfullydeleveredtheCompany250.43 per share Successfully delevered the Company 25% from a peak debt to equity ratio of 4:1 in 2023, to 3:1 at 3Q242 Cash and liquidity of ~600 million3 Agency loan originations of 1.10billion;aservicingportfolioof 1.10 billion; a servicing portfolio of ~33.01 billion, up 2% from 2Q24 and 10% from a year ago Structured loan originations of 258.5million,runoffof258.5 million, runoff of 521.3 million and a p ...