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Sep 30, 2024
Arbor Realty Q3 2024 Earnings Report
Reported net income of $58.2 million and distributable earnings of $0.43 per diluted common share.
Key Takeaways
Arbor Realty Trust reported a net income of $58.2 million, or $0.31 per diluted common share, and distributable earnings of $0.43 per diluted common share for Q3 2024. The company successfully delevered by 25% from its peak debt to equity ratio in 2023, and declared a cash dividend of $0.43 per share.
GAAP net income of $0.31 and distributable earnings of $0.43 per diluted common share.
Declared cash dividend on common stock of $0.43 per share.
Successfully delevered the Company 25% from a peak debt to equity ratio of 4:1 in 2023, to 3:1 at 3Q24.
Agency loan originations of $1.10 billion; a servicing portfolio of ~$33.01 billion, up 2% from 2Q24 and 10% from a year ago.
Revenue by Segment
Forward Guidance
The Company expects that the net proceeds of this offering will be used to pay down debt and for general corporate purposes.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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