Arbor(ABR) - 2024 Q1 - Quarterly Results
Arbor(ABR)2024-05-03 20:27
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 ...