earnings
confidence high
sentiment negative
materiality 0.75
Arbor Realty Q3 GAAP EPS $0.31, distributable EPS $0.43, down from Q3 2023
ARBOR REALTY TRUST INC
2024-Q3 EPS reported
$0.86
- GAAP net income $58.2M ($0.31 diluted) vs $77.9M ($0.41) YoY; distributable earnings $88.2M ($0.43) vs $112.2M ($0.55).
- Quarterly dividend maintained at $0.43/share; payable Nov 27 to holders of record Nov 15.
- Issued $100M of 9.00% senior notes due Oct 2027; net proceeds to pay down debt and for general corporate purposes.
- Structured loan runoff $521.3M exceeded originations $258.5M; non-performing loans at $625.4M UPB (26 loans).
- Agency originations $1.10B; fee-based servicing portfolio $33.01B, up 2% from Q2 and 10% YoY.