earnings
confidence high
sentiment negative
materiality 0.80
Arbor Realty Q2 net income falls to $0.25 EPS; NPLs surge to $676M
ARBOR REALTY TRUST INC
2024-Q2 EPS reported
$0.56
- GAAP net income $47.4M ($0.25 diluted EPS) vs $76.2M ($0.41) YoY; distributable earnings $0.45 vs $0.57.
- Declared $0.43 quarterly dividend, payable Aug 30 to holders of record Aug 16.
- Non-performing loans UPB $676.2M (24 loans) vs $464.8M (21 loans) at March 31; $28.9M provision for loan losses.
- Agency originations $1.15B; servicing portfolio $32.28B (+3%); structured originations $227M, runoff $630M.
- Strong liquidity ~$725M plus $215M CLO restricted cash; redeemed $90M senior notes; bought back $11.4M stock.