Arbor Realty Trust Inc Stock Price, News & Analysis

Arbor Realty Trust, Inc. (NYSE: ABR) announced the closing of a $150 million offering of 8.50% Senior Notes due 2027. The notes, which are senior and unsecured obligations, carry an interest rate of 8.50%, with semiannual payments starting April 15, 2023. Approximately $46 million of the proceeds will be used to repurchase existing 5.625% Senior Notes due 2023, with the remaining funds allocated for general corporate purposes. This offering was conducted under Rule 144A and Regulation S, targeting institutional buyers and non-U.S. persons.

Arbor Realty Trust, Inc. (NYSE: ABR) has declared cash dividends for its Series D, E, and F cumulative redeemable preferred stock. The dividends of $0.3984375, $0.390625, and $0.390625 per share reflect accruals from July 30, 2022, to October 29, 2022. These dividends are payable on October 31, 2022, to preferred stockholders of record on October 15, 2022. This announcement highlights Arbor's ongoing commitment to providing returns to its investors amidst fluctuating economic conditions.

Arbor Realty Trust (NYSE: ABR) has announced an upsized offering of $250 million in 7.50% Convertible Senior Notes due 2025, increasing from a previous $200 million offering. The notes, which will not be redeemable prior to maturity, will bear interest and are convertible into cash and/or common stock. The proceeds will primarily be used to repurchase existing 4.75% Convertible Senior Notes due 2022. The offering is expected to close around August 5, 2022, and comes with a 13-day option for initial purchasers to buy an additional $37.5 million in notes.

Arbor Realty Trust (NYSE: ABR) announced its intention to offer $200 million of Convertible Senior Notes due 2025 through a private placement. The offering may include an additional $30 million at the initial purchasers' option. Proceeds will be used to repurchase part of its outstanding 4.75% Convertible Senior Notes due 2022 and for general corporate purposes. The Notes will not be registered under the Securities Act, restricting their sale unless in compliance with exemptions.

Arbor Realty Trust (ABR) reported second-quarter 2022 net income of $69.9 million, or $0.41 per diluted share, slightly up from $69.1 million in the prior year. Distributable earnings reached $93.7 million, boosting earnings per diluted share to $0.52. The company raised its quarterly cash dividend by 30% to $0.39 per share, marking the ninth consecutive increase. Total loan originations hit $1.27 billion with a servicing portfolio totaling $26.77 billion. The structured portfolio surpassed $15 billion, bolstered by a $1.05 billion securitization. Effective management resulted in a 75% dividend payout ratio.

Arbor Realty Trust (NYSE: ABR) announced the upcoming release of its second quarter 2022 financial results, scheduled for July 29, 2022, before market opening. A conference call to discuss these results will be held at 10:00 a.m. ET on the same day, with options for both live webcast and telephonic access. The replay of the call will be available until August 5, 2022. Arbor Realty Trust is a nationwide real estate investment trust specializing in loan origination and servicing for various commercial real estate assets, with a significant focus on government-sponsored enterprise products.

On July 1, 2022, Arbor Realty Trust, Inc. (NYSE: ABR) declared cash dividends for its Series D, E, and F cumulative redeemable preferred stock, set at $0.3984375, $0.390625, and $0.390625 per share, respectively. These dividends reflect accruals from April 30, 2022, to July 29, 2022, and are payable on August 1, 2022, to stockholders of record by July 15, 2022.

Arbor Realty Trust, Inc. (NYSE: ABR) announced the successful completion of a $1.05 billion commercial real estate mortgage loan securitization. This securitization includes approximately $873 million in investment grade-rated notes and Arbor's retention of $177 million in subordinate interests. The collateral encompasses $73 million for potential additional loans within 180 days. The notes feature an initial weighted average spread of 2.36% over Term SOFR, with a two-year replenishment period. Proceeds will be utilized to repay existing borrowings and fund future investments.

Arbor Realty Trust (NYSE: ABR) reported a GAAP net income of $64.1 million ($0.40 per diluted share) for Q1 2022, down from $69.5 million ($0.55 per diluted share) in Q1 2021. Distributable earnings rose to $92.9 million ($0.55 per diluted share), up from $75.1 million ($0.52) a year earlier. The company declared a cash dividend of $0.38 per share, an eighth consecutive increase, representing a 27% rise since 2021. Notably, Arbor raised $215 million in capital and achieved a 17% growth in its structured portfolio, with $2.83 billion in loan originations.