Arbor Realty Q1 GAAP EPS $0.46, DE $0.62; raises dividend 5% to $0.42/share

ARBOR REALTY TRUST INC

2023-Q1 EPS reported $0.46

GAAP net income $84.3M ($0.46/diluted share) vs $64.1M ($0.40) a year ago.
Distributable earnings $122.2M ($0.62/diluted share) vs $92.9M ($0.55); 68% payout ratio.
Increased quarterly dividend to $0.42/share (annualized $1.68), up $0.02 or 5%.
Strong liquidity ~$785M cash/liquidity plus ~$560M restricted cash; agency originations $1.09B.
Issued $95M of 7.75% senior notes due 2026 to repay 8.00% debt; repurchased ~$37M stock at avg $10.53.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ARBOR REALTY TRUST INC reported the first quarter ended March 31, 2023 results: net income $84.3 million, EPS $0.46 per diluted common share.

Period: the first quarter ended March 31, 2023
Net income: $84.3 million
EPS: $0.46 per diluted common share
Result: reported results

Exact text from the filing

Arbor reported net income for the quarter of $84.3 million, or $0.46 per diluted common share, compared to net income of $64.1 million, or $0.40 per diluted common share for the quarter ended March 31, 2022.

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ARBOR REALTY TRUST INC filing history →

Source: SEC EDGAR

accession 0001104659-23-056325

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