Arbor Realty Trust Inc Stock Price, News & Analysis

Arbor Realty Trust, Inc. (NYSE: ABR) has priced a public offering of 6,000,000 shares of its common stock, aiming for gross proceeds of $111.9 million before expenses. The offering, set to close on June 17, 2021, includes a 30-day option for underwriters to purchase an additional 900,000 shares. Proceeds will be used for business investments and general corporate purposes, including purchasing 600,000 shares from its CEO and related entities. The offering is made under an effective registration statement with the SEC.

Arbor Realty Trust (NYSE: ABR) has announced a public offering of 6,000,000 shares of its common stock, with a potential grant of an additional 900,000 shares to underwriters. The funds raised will be allocated for business investments and general corporate purposes, including the purchase of 600,000 shares from its CEO. The offering will be executed under an effective shelf registration statement with the SEC. J.P. Morgan, JMP Securities, and Raymond James are managing the offering.

Arbor Realty Trust, Inc. (NYSE: ABR) announced the closing of an $815 million commercial real estate mortgage loan securitization. Approximately $674 million of investment grade-rated notes were issued, while Arbor retained subordinate interests totaling $141 million. The collateral includes $162 million for acquiring additional loans over the next 180 days. The notes feature a weighted average spread of 137 basis points over one-month LIBOR, with a replenishment period of two-and-a-half years. The proceeds will be used to repay borrowings and fund future loans.

Arbor Realty Trust, Inc. (NYSE:ABR) has successfully closed its public offering of 9,200,000 shares of 6.375% Series D Cumulative Redeemable Preferred Stock, generating gross proceeds of $230 million. The proceeds will be allocated as follows: approximately $93.3 million to redeem existing preferred stocks and the remainder for business investments and general corporate purposes, which may include debt repayment. The offering was managed by Raymond James & Associates, Inc.

Arbor Realty Trust, Inc. (NYSE:ABR) announced the redemption of all outstanding shares of its preferred stock, including 1,551,500 shares of Series A (8.250%), 1,260,000 shares of Series B (7.75%), and 900,000 shares of Series C (8.50%). The redemption price is set at $25.00 per share plus any accumulated unpaid dividends, effective on June 24, 2021. Notices detailing the redemption procedures were sent to shareholders on May 25, 2021. Arbor Realty Trust operates as a real estate investment trust, providing loan origination and servicing across various commercial real estate sectors.

Arbor Realty Trust (NYSE:ABR) announced a public offering of 8,000,000 shares of 6.375% Series D Cumulative Redeemable Preferred Stock, yielding gross proceeds of $200 million, expected to close on June 2, 2021. The underwriters have an option to purchase an additional 1,200,000 shares. Proceeds will be directed towards business investments, debt repayment, and general corporate purposes. The offering is conducted under an existing effective shelf registration statement with Raymond James & Associates as the book-running manager.

Arbor Realty Trust, Inc. (NYSE: ABR) announced plans for a public offering of its Series D Cumulative Redeemable Preferred Stock. The Company will grant underwriters a 30-day option for additional shares. The net proceeds will be utilized for business investments and general corporate purposes, including debt repayment or redeeming outstanding preferred stock. An application to list the Series D Preferred Stock on NYSE under the symbol 'ABR PrD' will be filed, with trading expected to commence within 30 days post-issuance. Raymond James & Associates will manage the offering.

Arbor Realty Trust (NYSE: ABR) reported strong financial results for Q1 2021, with a GAAP net income of $69.5 million ($0.55 per diluted share) versus a loss of $59.3 million last year. Distributable earnings rose to $75.1 million ($0.52 per share), reflecting robust performance across its diversified business platform. The company raised its cash dividend by 13.3% to $0.34 per share, marking the fourth consecutive quarterly increase. Total loan originations reached $1.4 billion, contributing to a servicing portfolio of $25.46 billion. Overall, Arbor continues to position itself for future growth.

Arbor Realty Trust, Inc. (NYSE:ABR) announced the issuance of $175 million in senior unsecured notes with a 5.00% interest rate, maturing on April 30, 2026. The net proceeds will be allocated for business investments and general corporate purposes. Piper Sandler & Co. facilitated this private placement. The notes are exempt from registration under the Securities Act of 1933. Arbor focuses on real estate investment, specializing in multifamily housing and various commercial real estate assets.