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Arbor Realty Trust Reports Fourth Quarter and Full Year 2023 Results and Declares Dividend of $0.43 per Share
ABRArbor(ABR) Newsfilter·2024-02-16 13:15

Fourth Quarter Highlights: GAAP net income of 0.48perdilutedcommonshareDistributableearnings1of0.48 per diluted common shareDistributable earnings1 of 0.51, or 0.54perdilutedcommonshareexcludinga0.54 per diluted common share excluding a 7.0 million realized loss on an office property that was previously reserved forDeclares cash dividend on common stock of 0.43persharerepresentinganannualizeddividendof0.43 per share representing an annualized dividend of 1.72 per shareStrong liquidity position with ~1billionincashandliquidityand 1 billion in cash and liquidity and ~600 million of restricted cash in replenishable CLO vehicles with a weighted average cost of ...