Arbor Realty Trust Inc Stock Price, News & Analysis

Arbor Realty Trust, Inc. (NYSE: ABR) announced a $50 million share repurchase program approved by its Board of Directors. This program allows the company to buy back its common stock through open market transactions and privately negotiated deals, aligning with SEC rules. There is no obligation to acquire a specific amount, as repurchases will depend on various factors, including stock performance and market conditions. Notably, the program has no time limit and may be modified or suspended at any time, indicating flexibility in capital management.

On March 17, 2023, Arbor Realty Trust (NYSE: ABR) announced the closing of a $95 million private placement of 7.75% senior unsecured notes due March 30, 2026. The notes will be guaranteed on a senior basis by Arbor. The net proceeds will be utilized to redeem $70.75 million of its 8.00% senior unsecured notes due April 2023, with any remaining funds allocated for general corporate purposes. The placement was facilitated by Piper Sandler & Co. These notes are being offered under exemptions from the registration requirements of the Securities Act.

Arbor Realty Trust (NYSE: ABR) addressed a misleading report by Ningi Research, a short seller of its stock, claiming the report is filled with inaccuracies. Arbor emphasizes its adherence to generally accepted accounting principles and strong corporate governance. The company refutes the allegations as an attempt by Ningi to profit from short positions on Arbor's stock. Arbor is a leading real estate investment trust specializing in multifamily and commercial real estate loans, managing a multibillion-dollar servicing portfolio.

Arbor Realty Trust, Inc. (NYSE: ABR) has announced a change in the record date for its quarterly cash dividend of $0.40 per share, originally set for March 3, 2023. The new record date is March 13, 2023, with an ex-dividend date of March 10, 2023. The dividend will still be paid on March 17, 2023. This adjustment complies with the New York Stock Exchange’s ten-day notice rule, ensuring shareholders are informed in a timely manner.

ACRE and ARK Residential have announced the development of The Springs at Arcadia, a 150-unit single-family rental community in Myrtle Beach, South Carolina. Construction has started, with pre-leasing beginning in January 2023 and an anticipated completion date of Q1 2024. The project, financed with $37 million from Arbor Realty Trust, aims to meet the surging demand for single-family rentals in the region. The development consists of three and four-bedroom homes featuring high-quality finishes and amenities. This initiative aligns with ACRE's goal of enhancing multifamily and single-family rental offerings in under-served markets.

Arbor Realty Trust (NYSE: ABR) reported strong fourth quarter results with a GAAP net income of $88.2 million or $0.49 per diluted share, down from $106.0 million in the same quarter last year. Distributable earnings rose to $114.0 million, or $0.60 per diluted share, exceeding the current dividend of $0.40 per share, indicating a 67% payout ratio. The company raised its dividend three times in 2022, reaching an annual run rate of $1.60 per share. With robust structured and agency loan originations totaling $500.5 million and $1.55 billion respectively, Arbor maintains a solid liquidity position of approximately $685 million.

Arbor Realty Trust (NYSE: ABR) announced it will release its fourth quarter 2022 financial results before the market opens on February 17, 2023. A conference call to discuss the results is scheduled for the same day at 10:00 a.m. ET. Investors can access the live webcast on the company’s investor relations website or join via telephone. Domestic participants can call (800) 267-6316, while international callers can dial (203) 518-9783, using passcode ABRQ422. A replay of the call will be available until February 24, 2023.

Arbor Realty Trust specializes in real estate investment and lending, focusing on multifamily and commercial assets.

Arbor Realty Trust (NYSE: ABR) announced that 100% of its 2022 dividend distributions will be classified as dividend income for tax reporting. The total distribution per share for common stock was $1.54, with quarterly payments ranging from $0.37 to $0.40. Preferred stock distributions also totaled $1.59375 for the Series D and $1.5625 for the Series E. Additionally, no excess inclusion income will be passed to shareholders for tax purposes, and Arbor does not issue K-1s. Shareholders are recommended to consult with their tax advisors regarding specific tax treatments.

Arbor Realty Trust (NYSE: ABR) announced the declaration of cash dividends on its Series D, E, and F cumulative redeemable preferred stock, with amounts set at $0.3984375, $0.390625, and $0.390625 per share, respectively. These dividends reflect accrued payments from October 30, 2022 to January 29, 2023. The dividends are due for payment on January 31, 2023, to shareholders of record by January 15, 2023.