earnings
confidence high
sentiment positive
materiality 0.75
Arbor Realty Q2 distributable EPS $0.57, dividend raised to $0.43/share
ARBOR REALTY TRUST INC
2023-Q2 EPS reported
$0.87
- GAAP net income $76.2M ($0.41 diluted EPS), vs $69.9M ($0.41) in Q2 2022.
- Distributable earnings $114.0M ($0.57 per diluted share), up from $93.7M ($0.52) YoY.
- Quarterly dividend increased to $0.43 per share from $0.42, payable Aug 31 to holders of record Aug 15.
- Agency loan originations $1.42B; servicing portfolio $29.45B, up 2%.
- Non-performing loans carrying value $122.4M (up from $7.7M in Q1 2023), with $10.1M loan loss reserves.