Arbor Realty Q3 distributable earnings $0.56/sh, raises dividend to $0.40; issues $287.5M convertible notes

ARBOR REALTY TRUST INC

2022-Q3 EPS reported $1.18

GAAP EPS $0.36 (net income $62.7M) vs $0.51 in Q3 2021; distributable earnings $0.56 per share, up from $0.47 YoY.
Cash dividend raised to $0.40 per share, 10th consecutive quarterly increase; payable Nov 30 to holders of record Nov 18.
Issued $287.5M of 7.50% convertible senior notes due 2025; proceeds used to repay $264M of 4.75% notes maturing Nov 2022.
Structured loan originations of $774.7M; agency originations of $1.11B; total loan portfolio $15.0B at Sept 30.
Liquidity of ~$500M cash plus $375M restricted cash; average cost of borrowings 4.49% in Q3 vs 3.10% in Q2.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ARBOR REALTY TRUST INC reported the third quarter ended September 30, 2022 results: net income $62.7 million, EPS $0.36 per diluted common share.

Period: the third quarter ended September 30, 2022
Net income: $62.7 million
EPS: $0.36 per diluted common share
Result: reported results

Exact text from the filing

Arbor Realty Trust, Inc. (NYSE: ABR), today announced financial results for the third quarter ended September 30, 2022. Arbor reported net income for the quarter of $62.7 million, or $0.36 per diluted common share

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Source: SEC EDGAR

accession 0001104659-22-114708

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