Arbor Realty Trust Inc Stock Price, News & Analysis

Arbor Realty Trust, with the stock symbol ABR, has successfully closed its public offering of 8,050,000 shares of 6.25% Series F Preferred Stock, raising gross proceeds of $201 million. This includes the full exercise of an over-allotment option for an additional 1,050,000 shares. The proceeds will be utilized for business investments and general corporate purposes. Raymond James & Associates managed the offering, which was registered under an existing SEC shelf registration statement. The Company emphasizes its role as a nationwide real estate investment trust and direct lender.

Arbor Realty Trust (NYSE:ABR) announced a priced public offering of 7,000,000 shares of its 6.25% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, totaling $175 million in gross proceeds. The underwriters hold a 30-day option for an additional 1,050,000 shares for over-allotments. The offering, closing on October 12, 2021, aims to fund investments and general corporate purposes. Arbor plans to list these shares on the NYSE under the symbol ‘ABR PrF’ pending approval.

Arbor Realty Trust, Inc. (NYSE: ABR) announced cash dividends for its Series D and Series E cumulative redeemable preferred stock, set at $0.3984375 and $0.34288 per share, respectively. The Series D dividend covers the period from July 30, 2021, to October 29, 2021, while the Series E dividend spans from its issuance date of August 11, 2021, to October 29, 2021. Both dividends will be payable on November 1, 2021, to stockholders recorded by October 15, 2021.

Arbor Realty Trust, Inc. (NYSE: ABR) announced the closing of a $1.50 billion commercial real estate mortgage loan securitization. Approximately $1.24 billion of investment grade-rated notes were issued, with Arbor retaining about $263 million in subordinate interests. The securitization allows for an additional $313 million in loan acquisitions over the next 180 days. The notes feature a weighted average spread of 1.31% over one-month LIBOR and include a two-and-a-half-year replenishment period for reinvestment in qualifying assets.

Arbor Realty Trust, Inc. (NYSE:ABR) has closed a private placement totaling $270 million in senior unsecured notes with a 4.50% interest rate, maturing on September 1, 2026. The proceeds from this offering will be utilized for business investments and general corporate purposes. Piper Sandler & Co. served as the placement agent. The notes will not be registered under the Securities Act of 1933 and cannot be sold in the U.S. without proper exemptions.

Arbor Realty is a leading real estate investment trust and direct lender, specializing in various commercial real estate assets.

Arbor Realty Trust (NYSE:ABR) has announced the pricing of a public offering of 5,000,000 shares of its 6.25% Series E Cumulative Redeemable Preferred Stock, amounting to gross proceeds of $125 million. This offering, which includes a 30-day option for underwriters to purchase an additional 750,000 shares, is set to close on August 11, 2021. The funds will be utilized for business investments and general corporate purposes. Raymond James & Associates is the sole book-running manager for the offering.

Arbor Realty Trust, Inc. (NYSE:ABR) has announced its plans to publicly offer Series E Cumulative Redeemable Preferred Stock. The offering includes a 30-day option for underwriters to purchase additional shares for overallotments. If approved, trading of the Series E shares is expected to commence within 30 days under the symbol 'ABR PrE'. Proceeds will be utilized for business investments and general corporate purposes. Raymond James & Associates will serve as the sole book-running manager.

Arbor Realty Trust (NYSE: ABR) reported strong second-quarter results for 2021, with a GAAP net income of $69.1 million ($0.51 per diluted share) and distributable earnings of $68.8 million ($0.45 per diluted share). The company raised its cash dividend to $0.35 per share, marking a 12.9% increase year-over-year. Arbor raised $440 million in growth capital through various offerings and completed a record $815 million collateralized securitization. The Agency Business segment generated income of $34.7 million, with loan originations of $1.31 billion.

Arbor Realty Trust (NYSE: ABR) is set to release its second quarter 2021 financial results on July 30, 2021, prior to market opening. A conference call will be held the same day at 10:00 a.m. ET to discuss the results. Investors can access a live webcast on the company’s website or join the call via telephone using specific dial-in numbers. The replay will be available until August 6, 2021.