Arbor Realty Trust Reports Fourth Quarter and Full Year 2023 Results and Declares Dividend of $0.43 per Share
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Fourth Quarter Highlights: GAAP net income of $0.48 per diluted common shareDistributable earnings1 of $0.51, or $0.54 per diluted common share excluding a $7.0 million realized loss on an office property that was previously reserved forDeclares cash dividend on common stock of $0.43 per share representing an annualized dividend of $1.72 per shareStrong liquidity position with ~$1 billion in cash and liquidity and ~$600 million of restricted cash in replenishable CLO vehicles with a weighted average cost of ...