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Mar 31, 2024
Arbor Realty Q1 2024 Earnings Report
Announced first quarter 2024 results, reporting net income and distributable earnings, and declared a dividend of $0.43 per share.
Key Takeaways
Arbor Realty Trust reported a net income of $57.9 million, or $0.31 per diluted common share, and distributable earnings of $96.7 million, or $0.47 per diluted common share, for the first quarter ended March 31, 2024. The company declared a cash dividend of $0.43 per share and had a strong liquidity position with approximately $800 million in cash and liquidity.
GAAP net income was $0.31 per diluted common share.
Distributable earnings were $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.
A cash dividend on common stock of $0.43 per share was declared, representing a 91% payout ratio.
Agency loan originations reached $846.3 million, and the servicing portfolio totaled ~$31.38 billion, up 9% from 1Q23.
Revenue by Segment
Forward Guidance
The company provided no specific forward guidance in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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