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Arbor(ABR) - 2024 Q1 - Quarterly Results
ABRArbor(ABR)2024-05-03 12:27

Arbor Realty Trust Reports First Quarter 2024 Results and Declares Dividend of 0.43perShareCompanyHighlights:GAAPnetincomeof0.43 per Share Company Highlights: • GAAP net income of 0.31 per diluted common share • Distributable earnings1 of 0.47,or0.47, or 0.48 per diluted common share, excluding a 1.6millionrealizedlossonanonperformingloanthatwaspreviouslyreservedforDeclarescashdividendoncommonstockof1.6 million realized loss on a non-performing loan that was previously reserved for • Declares cash dividend on common stock of 0.43 per share representing a 91% payout ratio • Strong liquidity position with ~800millionincashandliquidityand 800 million in cash and liquidity and ~600 millio ...