Arbor Realty Q1 net income $0.31/dil share, down from $0.46 YoY; dividend $0.43

ARBOR REALTY TRUST INC

2024-Q1 EPS reported $0.31

GAAP net income $57.9M ($0.31/dil share) vs $84.3M ($0.46) in Q1 2023; distributable earnings $96.7M ($0.47) vs $122.2M ($0.62).
Declared $0.43/share quarterly dividend, 91% payout ratio; payable May 31, 2024 to holders of record May 17.
Non-performing loans rose to 21 ($464.8M UPB) from 16 ($274.2M) at Q4 2023; provision for loan losses $17.8M.
Agency originations $846.3M; servicing portfolio $31.38B (+9% YoY). Structured originations $255.9M, portfolio $12.25B.
Repurchased $11.4M common stock in April at avg $12.19/share (~4% discount to book value).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ARBOR REALTY TRUST INC reported first quarter ended March 31, 2024 results: net income $57.9 million, or $0.31 per diluted common share.

Period: first quarter ended March 31, 2024
Net income: $57.9 million, or $0.31 per diluted common share
Result: reported results

Exact text from the filing

On May 3, 2024, Arbor Realty Trust, Inc. issued a press release announcing its earnings for the quarter ended March 31, 2024

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ARBOR REALTY TRUST INC filing history →

Source: SEC EDGAR

accession 0001628280-24-020147

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