Arbor Realty Trust Reports First Quarter 2025 Results and Declares Dividend of $0.30 per Share

Company Highlights - Arbor Realty Trust, Inc. reported a net income of $30.4 million, or $0.16 per diluted common share for Q1 2025, a decrease from $57.9 million, or $0.31 per diluted common share in Q1 2024 [2][25] - Distributable earnings for the quarter were $57.3 million, or $0.28 per diluted common share, down from $96.7 million, or $0.47 per diluted common share in the same quarter last year [2][32] Agency Business - Total agency loan originations for Q1 2025 were $605.9 million, significantly lower than $1.38 billion in Q4 2024 [3] - Revenues from the Agency Business were $62.9 million, compared to $78.7 million in Q4 2024 [3] - The gain on sales, including fee-based services, was $12.8 million, with a margin of 1.75%, consistent with the previous quarter [3] Fee-Based Servicing Portfolio - The fee-based servicing portfolio totaled $33.48 billion as of March 31, 2025, with servicing revenue of $25.6 million for the quarter [5][7] - The amortization of mortgage servicing rights was $17.8 million, impacting net servicing revenue [5] Structured Business - The structured loan portfolio had an unpaid principal balance (UPB) of $11.49 billion, with originations of $747.1 million and runoff of $421.9 million for Q1 2025 [9][10] - The average interest rate for the loan and investment portfolio was 6.94%, slightly up from 6.90% at the end of Q4 2024 [10] Financing Activity - The balance of debt financing the loan and investment portfolio was $9.49 billion, with a weighted average interest rate of 6.82% [15] - A new $1.15 billion repurchase facility was closed, enhancing liquidity by approximately $80 million [17] Dividend - The Board of Directors declared a quarterly cash dividend of $0.30 per share for Q1 2025, payable on May 30, 2025 [19]