Welcome to our dedicated page for Arbor Realty Trust news (Ticker: ABR), a resource for investors and traders seeking the latest updates and insights on Arbor Realty Trust stock.
Arbor Realty Trust, Inc. reports developments as a nationwide real estate investment trust and direct lender focused on multifamily, single-family rental portfolios and other commercial real estate assets. News about ABR commonly covers quarterly earnings, distributable earnings, common and preferred stock dividends, agency loan originations, servicing activity and the performance of its structured loan portfolio.
The company’s updates also address its government-sponsored enterprise lending platform, including Fannie Mae DUS®, Freddie Mac Optigo® and FHA Multifamily Accelerated Processing products, along with bridge, CMBS, mezzanine and preferred equity loans. Recurring corporate items include collateralized loan obligations and securitizations, senior unsecured notes, stock repurchases, real estate owned activity, legacy asset resolutions and leadership or board changes.
Arbor Realty Trust reported a GAAP net loss of $59.3 million for Q1 2020, translating to $0.54 per diluted share, a drop from a net income of $22.7 million a year earlier. Core earnings were $40.7 million or $0.31 per share, slightly up from $36.1 million. The company declared a quarterly dividend of $0.30 per share payable on July 15, 2020. They issued $275 million in senior unsecured notes due in 2027. Agency Loan originations totaled $1.08 billion, contributing to a servicing portfolio of $20.20 billion despite notable losses from derivatives and CECL provisions.
Arbor Realty Trust (NYSE: ABR) will release its first quarter 2020 financial results on May 8, 2020, before the market opens. A conference call to discuss these results is set for 10:00 a.m. ET on the same day. Investors can access the call via a live webcast or by phone, with dial-in numbers provided for both domestic and international participants. A replay will be available until May 15, 2020. Arbor Realty Trust is a nationwide real estate investment trust specializing in loan origination and servicing for diverse commercial real estate assets.
Summary not available.
Summary not available.