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Jun 30, 2020
Arbor Realty Q2 2020 Earnings Report
Arbor Realty reported second quarter results and increased quarterly dividend.
Key Takeaways
Arbor Realty Trust reported a net income of $44.1 million, or $0.40 per diluted common share, and core earnings of $60.4 million, or $0.46 per diluted common share, for the second quarter ended June 30, 2020. The company's servicing portfolio reached $21.58 billion, and it originated $1.40 billion in new agency loans.
GAAP net income of $0.40 and core earnings of $0.46 per diluted common share
Raised cash dividend on common stock to $0.31 per share, a 7% increase from 2Q19
Generated pretax income of $20.9 million from residential mortgage banking joint venture
Strong liquidity position currently at approximately $450 million
Arbor Realty
Arbor Realty
Forward Guidance
No specific forward guidance was provided in the press release.