secwatch.observer — SEC 8-K summary
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Issuer:     ARBOR REALTY TRUST INC (ABR)
CIK:        0001253986
Form:       8-K
Filed at:   2022-11-04T23:59:59+00:00
Accession:  0001104659-22-114708
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1253986/000110465922114708/0001104659-22-114708-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1253986/000110465922114708/tm2229582d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-114708

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