Company Highlights - Arbor Realty Trust, Inc. reported a net income of $38.5 million, or $0.20 per diluted common share for Q3 2025, a decrease from $58.2 million, or $0.31 per diluted common share in Q3 2024 [2] - Distributable earnings for the quarter were $72.9 million, or $0.35 per diluted common share, down from $88.2 million, or $0.43 per diluted common share in the same quarter last year [2] Agency Business - The Agency Business generated revenues of $81.1 million in Q3 2025, compared to $64.5 million in Q2 2025 [3] - Total agency loan originations reached $1.98 billion, marking the strongest quarter since Q4 2020 [7] - Gain on sales, including fee-based services, net was $23.3 million, reflecting a margin of 1.15% [3] Fee-Based Servicing Portfolio - The fee-based servicing portfolio totaled $35.17 billion as of September 30, 2025, with servicing revenue net of amortization at $29.7 million for the quarter [5][7] - The servicing revenue consisted of $47.5 million, net of amortization of mortgage servicing rights totaling $17.8 million [5] Structured Business - The structured loan portfolio was approximately $11.71 billion, with originations of $956.7 million and runoff of $734.2 million [7] - The weighted average interest rate for the loan and investment portfolio was 6.64%, down from 7.03% in the previous quarter [10] Financing Activity - The balance of debt financing the loan and investment portfolio was $9.93 billion, with a weighted average interest rate of 6.72% [16] - The company completed a $1.05 billion collateralized securitization, issuing investment grade-rated notes totaling $933.2 million [18] Dividend - The Board of Directors declared a quarterly cash dividend of $0.30 per share for the quarter ended September 30, 2025, payable on November 26, 2025 [20]