Arbor Realty Trust Announces Tax Treatment of 2024 Dividends
Rhea-AI Summary
Arbor Realty Trust (NYSE: ABR) has announced the tax treatment of its 2024 dividend distributions for common and preferred shares. Common stock shareholders received total distributions of $1.72 per share throughout 2024, paid in four quarterly installments of $0.43 each. The distributions are classified as 100% non-qualified dividend income.
The company's preferred stock series also paid regular quarterly dividends: Series D at 6.375% ($1.59375 total), Series E at 6.25% ($1.5625 total), and Series F at 6.25% ($1.5625 total). All preferred stock distributions are classified as non-qualified dividends. No excess inclusion income will be passed through to shareholders for 2024.
Positive
- Maintained consistent quarterly dividend payments throughout 2024
- Regular dividend payments across all preferred stock series
- No excess inclusion income impact on shareholders for 2024
Negative
- 100% of distributions classified as non-qualified dividends, potentially resulting in higher tax rates for shareholders
News Market Reaction
On the day this news was published, ABR declined 0.30%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
UNIONDALE, N.Y., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced the tax treatment of its 2024 dividend distributions for common and preferred shares of beneficial interest.
For tax reporting purposes,
| Common Shares (CUSIP #038923108) | ||||||||||||||||||
| Record Date | Payment Date | Total Distribution Per Share | Non-Qualified Dividend (1) | Qualified Dividend | Capital Gain Distribution | |||||||||||||
| 3/4/2024 | 3/15/2024 | $ | 0.43 | $ | 0.43 | $ | 0.00 | $ | 0.00 | |||||||||
| 5/17/2024 | 5/31/2024 | 0.43 | 0.43 | 0.00 | 0.00 | |||||||||||||
| 8/16/2024 | 8/30/2024 | 0.43 | 0.43 | 0.00 | 0.00 | |||||||||||||
| 11/15/2024 | 11/27/2024 | 0.43 | 0.43 | 0.00 | 0.00 | |||||||||||||
| $ | 1.72 | $ | 1.72 | $ | 0.00 | $ | 0.00 | |||||||||||
The 2024 taxable distributions with respect to our
| Record Date | Payment Date | Total Distribution Per Share | Non-Qualified Dividend (1) | Qualified Dividend | Capital Gain Distribution | |||||||||||||
| 1/15/2024 | 1/30/2024 | $ | 0.3984375 | $ | 0.3984375 | $ | 0.00 | $ | 0.00 | |||||||||
| 4/15/2024 | 4/30/2024 | 0.3984375 | 0.3984375 | 0.00 | 0.00 | |||||||||||||
| 7/15/2024 | 7/30/2024 | 0.3984375 | 0.3984375 | 0.00 | 0.00 | |||||||||||||
| 10/15/2024 | 10/30/2024 | 0.3984375 | 0.3984375 | 0.00 | 0.00 | |||||||||||||
| $ | 1.5937500 | $ | 1.5937500 | $ | 0.00 | $ | 0.00 | |||||||||||
The 2024 taxable distributions with respect to our
| Record Date | Payment Date | Total Distribution Per Share | Non-Qualified Dividend (1) | Qualified Dividend | Capital Gain Distribution | |||||||||||||
| 1/15/2024 | 1/30/2024 | $ | 0.390625 | $ | 0.390625 | $ | 0.00 | $ | 0.00 | |||||||||
| 4/15/2024 | 4/30/2024 | 0.390625 | 0.390625 | 0.00 | 0.00 | |||||||||||||
| 7/15/2024 | 7/30/2024 | 0.390625 | 0.390625 | 0.00 | 0.00 | |||||||||||||
| 10/15/2024 | 10/30/2024 | 0.390625 | 0.390625 | 0.00 | 0.00 | |||||||||||||
| $ | 1.562500 | $ | 1.562500 | $ | 0.00 | $ | 0.00 | |||||||||||
The 2024 taxable distributions with respect to our
| Record Date | Payment Date | Total Distribution Per Share | Non-Qualified Dividend (1) | Qualified Dividend | Capital Gain Distribution | |||||||||||||
| 1/15/2024 | 1/30/2024 | $ | 0.390625 | $ | 0.390625 | $ | 0.00 | $ | 0.00 | |||||||||
| 4/15/2024 | 4/30/2024 | 0.390625 | 0.390625 | 0.00 | 0.00 | |||||||||||||
| 7/15/2024 | 7/30/2024 | 0.390625 | 0.390625 | 0.00 | 0.00 | |||||||||||||
| 10/15/2024 | 10/30/2024 | 0.390625 | 0.390625 | 0.00 | 0.00 | |||||||||||||
| $ | 1.562500 | $ | 1.562500 | $ | 0.00 | $ | 0.00 | |||||||||||
(1) May be eligible for the
For shareholders that may be required to report excess inclusion income to the Internal Revenue Service, we are pleased to report that in 2024, we will not pass through any excess inclusion income to our shareholders. As a result, no portion of the 2024 dividends should be treated as excess inclusion income for federal income tax purposes.
We do not issue K-1s to holders of our common and preferred stock. Please contact your financial advisor or broker to obtain information on a 1099 form.
Note: Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of our dividend distributions.
About Arbor Realty Trust, Inc.
Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. Headquartered in New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS® lender and Freddie Mac Optigo® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor’s product platform also includes bridge, CMBS, mezzanine and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.
Safe Harbor Statement
Certain items in this press release may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Arbor can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from Arbor’s expectations include, but are not limited to, changes in economic conditions generally, and the real estate markets specifically, continued ability to source new investments, changes in interest rates and/or credit spreads, and other risks detailed in Arbor’s Annual Report on Form 10-K for the year ended December 31, 2023 and its other reports filed with the SEC. Such forward-looking statements speak only as of the date of this press release. Arbor expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Arbor’s expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.
Contact:
Arbor Realty Trust, Inc.
Paul Elenio, Chief Financial Officer
516-506-4422
pelenio@arbor.com
FAQ
What is the total dividend amount paid by ABR for common shares in 2024?
How are ABR's 2024 dividends classified for tax purposes?
What is the dividend yield for ABR's Series D preferred shares in 2024?
When were ABR's common stock dividends paid in 2024?
Will ABR shareholders need to report excess inclusion income for 2024?
