Arbor Realty Trust Q4 Earnings Call Highlights

Chief Financial Officer Paul Elenio reported fourth-quarter distributable earnings of $46.3 million , or $0.22 per share , excluding one-time realized losses of $12.4 million tied to the resolution of certain delinquent and REO assets that had been previously reserved for. Elenio also noted $7.3 million of income in the quarter from reduced tax expense related to the sale of the Homewood asset.Management also said it expects additional REO to come onto the balance sheet during the workout process, but still ...