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Sep 30
Arbor Realty Q3 2025 Earnings Report
reported lower net income and distributable earnings amid strong agency loan originations and portfolio growth.
Key Takeaways
Arbor Realty Trust delivered mixed third-quarter results, with net income falling year-over-year but showing strong liquidity generation and record agency loan originations. The company expanded its servicing portfolio and maintained a solid balance sheet, supported by securitization and debt issuance activity.
GAAP net income was $38.5 million ($0.20 per diluted share), down from $58.2 million last year.
Distributable earnings reached $72.9 million ($0.35 per diluted share).
Agency loan originations totaled $1.98 billion, the strongest since Q4 2020.
Servicing portfolio increased to $35.17 billion, up 4% from the prior quarter.
Arbor Realty
Arbor Realty
Arbor Realty Revenue by Segment
Revenue by Segment
Structured Business Revenue
CapyFin.comAgency Business Revenue
CapyFin.com Forward Guidance
Arbor expects continued portfolio growth through strong agency and structured loan pipelines, while focusing on maintaining liquidity and managing credit quality amid a changing rate environment.
Positive Outlook
- Robust pipeline for agency and structured loans.
- Strong liquidity position with over $360 million generated in the quarter.
- Healthy demand for multifamily and SFR loans.
- Expanded fee-based servicing portfolio with recurring revenue streams.
- Ongoing focus on securitization and debt optimization.
Challenges Ahead
- Lower net income compared to prior year due to higher provisions and rate adjustments.
- Decline in weighted average yield and interest rate in loan portfolio.
- Increased non-performing loans and modified loans.
- Ongoing macroeconomic uncertainty impacting credit spreads.
- Pressure on profitability from elevated funding costs.