Kirpal Kooner Arbor Realty Trust (NYSE:ABR) is a unique mortgage real estate investment trust (mREIT) that has managed to continue expanding its book value while much of the broader mREIT sector has faced continued declines in net asset value per share. The mREIT also offers a highly attractive dividend yield of just under 13%. However, at the time of my previous article on ABR, I observed that the mREIT was likely to continue witnessing an uptick in non-performing loans although management seems to hav ...