1Q23 Investor Presentation CONFIDENTIAL May 2023 Forward-Looking Statements Certain items in this presentation may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including information about possible, anticipated or assumed future results of our business, our financial condition, liquidity, results of operations, plans and objectives. These statements are based on management’s current expectations and beliefs a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-32136 Arbor Realty Trust, Inc. (Exact name of registrant as specified in its charter) Maryland 20-0057959 (State or other jurisdiction of incorporation) ( ...

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 share • Distributable 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 for • Declares cash dividend on common stock of $0.43 per share representing a 91% payout ratio • Strong liquidity position with ~$800 million in cash and liquidity and ~$600 millio ...

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% payout ratioStrong liquidity position with ~$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 ...

Arbor Realty Trust (ABR) is scheduled to report first-quarter 2024 results on May 3, before market open. The company is expected to have witnessed year-over-year declines in interest income and earnings.In the last reported quarter, the New York-headquartered real estate investment trust (REIT), which primarily focuses on originating and servicing loans for multi-family, single-family and other commercial real estate assets, posted distributable earnings of 51 cents, surpassing the Zacks Consensus Estimate ...

The most recent trading session ended with Arbor Realty Trust (ABR) standing at $13.02, reflecting a +1.56% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.32% gain on the day. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 0.35%.Prior to today's trading, shares of the real estate investment trust had lost 3.25% over the past month. This has was narrower than the Finance sector's loss of 5.24% and lagged the S&P 500's loss of 2% in that time.T ...

Thomas Barwick A few days ago, I wrote an article titled “3 REITs That Yield 8%+” in which I explained that “I get paid handsomely to hold these high-yield REITs, even while I wait for their shares to recover.” My three 8%+ picks in that article included these three REITs: NewLake Capital Partners (OTCQX:NLCP) yielding 8.9%. Healthcare Realty Trust (HR) yielding 8.6%. Ladder Capital (LADR) yielding 8.8%. For many investors, an 8% yield can be attractive, especially if there’s a margin of safety in the ...

UNIONDALE, N.Y., April 26, 2024 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE:ABR), today announced that it is scheduled to release first quarter 2024 financial results before the market opens on Friday, May 3, 2024. The Company will host a conference call to review the results at 10:00 a.m. Eastern Time on May 3, 2024. A live webcast and replay of the conference call will be available at www.arbor.com in the investor relations section of the Company's website. Those without web access should access th ...

公司概况 - Arbor Realty Trust (ABR) 是一家 mREIT 公司，主要投资于不同类别的房地产，包括桥梁贷款和中间贷款[1]。 股价和股息 - ABR 的股价从年初的 $16 下跌，目前的股息率为 13.4%，并且他们成功地增加了股息派发[2]。 投资组合 - ABR 的投资组合主要集中在桥梁贷款和多户家庭物业上，以分散美国不同地区的风险[5]。 贷款情况 - ABR 在 2023 年发放了价值 9.83 亿美元的贷款，尽管较去年有所下降，但加权平均利率几乎翻了一番，达到 10.03%，总投资组合余额为 126.2 亿美元[9]。 利息收入和支出 - ABR 的 CLO 负债主要包括 CLO（抵押贷款债务），尽管 CLO 金额在 2022 年底和 2023 年之间有所减少，但由于融资成本上升，利息支出也增加[7]。 风险和管理 - ABR 存在一些风险，如 CLO 贷款的拖欠情况，其中有 37 个 CLO 贷款已经拖欠，占其 CLO 书面的 11%[13]。 - ABR 的管理团队能够在市场周期中保持稳定表现，但仍存在一些潜在问题，如贷款拖欠和财务覆盖率下降[15]。 财务表现 - ABR 在 2023 年第四季度报告中显示，尽管收入同比下降 8.4%，但在其他业务领域仍有增长，现金等价物和流动性达到 10 亿美元[16]。 - ABR 的净利息收入总额从去年增长了 10%，达到 4.27 亿美元，但利息支出的增长速度高于净利息收入[17]。 评估和展望 - ABR 的股价目标平均为每股 13.75 美元，最高目标为每股 17 美元，最低目标为每股 12 美元，但 mREIT 的价值主要在于其分配能力[21]。 - ABR 在当前价格水平下具有吸引力，市盈率和市现率均显示出低估值的迹象，因此我认为目前的价格是买入的机会[24]。

公司业务 - Arbor Realty Trust (ABR)是一家专注于向多户家庭借款人提供短期修复导向桥梁贷款的抵押贷款房地产投资信托公司[1] - ABR的业务模式分为两个部分，结构化业务和代理业务，两者相互补充[5] - ABR通过结构化业务持有大约140亿美元的多户家庭桥梁贷款组合，通过代理业务将这些贷款打包并转移给其他机构，继续代表这些机构管理这些贷款，从而赚取长期现金流[8] 风险和挑战 - ABR的业务对房地产市场和利率敏感，面临着房地产市场崩溃和利率上升的风险[10][11] - 管理层预计2023年底和2024年上半年将是“周期中最具挑战性的部分”，但未来有积极因素[12] - 房地产市场供应量在沿海市场历史上很低，预计在2025年后在阳光地带会急剧下降，这对ABR尤为重要[13] 未来展望 - 除了房租，通货膨胀下降也是一个乐观因素，预计通货膨胀将在年底降至2%左右[14] - 由于低供应、房租可能在2025年触底、通货膨胀下降以及美联储的宽松政策，房地产相关股票的底部可能已经接近或已经过去[16] 估值和投资建议 - ABR的股价/账面价值比率已下降至0.96倍，低于关键的1.0倍阈值，根据估值，ABR的公允价值可能达到15美元，较今天的价格上涨20%[18] - ABR的高13.6%的股息率和稳健的股息覆盖率，以及其折现的估值，使得该股票有望上涨20%至公允价值[19]