Arbor Realty Trust Reports First Quarter 2024 Results and Declares Dividend of $0.43 per Share

Company Highlights: GAAP net income of $0.31 per diluted common shareDistributable earnings¹ of$0.47, or $0.48 per diluted common share, excluding a$1.6 million realized loss on a non-performing loan that was previously reserved forDeclares cash dividend on common stock of $0.43 per share representing a 91$800 million in cash and liquidity and ~$600 million of restricted cash in CLO vehicles with a cost of debt below the current market²Agency loan originations ...