earnings
confidence high
sentiment neutral
materiality 0.65
Arbor Realty Q3 distributable earnings $0.55/share, GAAP NI $0.41; declares $0.43 dividend
ARBOR REALTY TRUST INC
2023-Q3 EPS reported
$1.28
- Distributable earnings of $112.2M ($0.55/diluted share) vs $105.1M ($0.56) in Q3 2022; GAAP net income $77.9M ($0.41).
- Quarterly dividend of $0.43/share declared, payable Nov 30, 2023 to holders of record Nov 17, 2023.
- Agency loan originations $1.15B; servicing portfolio $29.94B, up 2% quarter-over-quarter.
- Structured loan portfolio $13.12B; non-performing loans rose to 12 ($137.9M carrying value) from 7 ($122.4M).
- Provision for loan losses $15.0M in Q3; total allowance for loan losses $184.1M at Sep 30, 2023.