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Sep 30, 2023
Arbor Realty Q3 2023 Earnings Report
Reported strong distributable earnings and declared a dividend of $0.43 per share.
Key Takeaways
Arbor Realty Trust reported a net income of $77.9 million, or $0.41 per diluted common share, and distributable earnings of $112.2 million, or $0.55 per diluted common share, for the third quarter ended September 30, 2023. The company declared a cash dividend of $0.43 per share.
Diversified, annuity-based operating platform with a multifamily focus that has continued to generate strong distributable earnings and dividends
GAAP net income of $0.41 per diluted common share
Distributable earnings of $0.55 per diluted common share, well in excess of our current dividend, representing a 78% payout ratio
Strong liquidity position with ~$1 billion in cash and liquidity and ~$500 million of restricted cash in replenishable CLO vehicles with a weighted average cost of 1.70% over benchmark rates
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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