Arbor Realty Trust Reports Fourth Quarter and Full Year 2024 Results and Declares Dividend of $0.43 per Share

Financial Performance - Arbor Realty Trust reported a net income of $59.8 million, or $0.32 per diluted common share for Q4 2024, down from $91.7 million, or $0.48 per diluted common share in Q4 2023 [2][28] - For the full year 2024, net income was $223.3 million, or $1.18 per diluted common share, compared to $330.1 million, or $1.75 per diluted common share in 2023 [2][28] - Distributable earnings for Q4 2024 were $81.6 million, or $0.40 per diluted common share, compared to $104.1 million, or $0.51 per diluted common share in Q4 2023 [2][39] - Full year distributable earnings were $358.0 million, or $1.74 per diluted common share, down from $452.5 million, or $2.25 per diluted common share in 2023 [2][39] Agency Business - Total agency loan originations for Q4 2024 were $1.38 billion, with a servicing portfolio of approximately $33.47 billion [5][6] - Agency business generated revenues of $78.7 million in Q4 2024, slightly up from $77.4 million in Q3 2024 [3] - Gain on sales in the agency business was $22.2 million for Q4 2024, reflecting a margin of 1.75%, compared to $18.6 million and 1.67% in Q3 2024 [3] Structured Business - Structured loan originations totaled $684.3 million in Q4 2024, with a runoff of $900.6 million [5][9] - The structured portfolio's unpaid principal balance (UPB) was $11.30 billion at December 31, 2024, with a weighted average current interest pay rate of 6.90% [10][11] - The average balance of the structured loan and investment portfolio during Q4 2024 was $11.46 billion, with a weighted average yield of 8.52% [11] Financing and Debt Management - The balance of debt financing the loan and investment portfolio was $9.54 billion at December 31, 2024, with a weighted average interest rate of 6.88% [16] - The average cost of borrowings for Q4 2024 was 7.10%, down from 7.58% in Q3 2024 [17] - The company issued $100.0 million of 9.00% senior unsecured notes due October 2027, with proceeds used to pay down debt [18] Dividend Declaration - The Board of Directors declared a quarterly cash dividend of $0.43 per share for the quarter ended December 31, 2024, payable on March 21, 2025 [19]