Arbor Realty Q2 2023 Earnings Report
Key Takeaways
Arbor Realty Trust reported a net income of $76.2 million, or $0.41 per diluted common share, and distributable earnings of $114.0 million, or $0.57 per diluted common share for the second quarter ended June 30, 2023. The company's agency loan originations reached $1.42 billion, and the servicing portfolio amounted to approximately $29.45 billion.
Diversified, annuity-based operating platform with a multifamily focus that generates strong distributable earnings and dividends in all cycles
GAAP net income of $0.41 per diluted common share
Distributable earnings of $0.57 per diluted common share, well in excess of our current dividend, representing a 75% payout ratio
Raised cash dividend on common stock to $0.43 per share; a $0.01 per share, or 2% increase, representing an annualized dividend of $1.72 per share
Arbor Realty
Arbor Realty
Arbor Realty Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.