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.
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Arbor Realty Trust (NYSE: ABR) announced cash dividends on its Series D, E, and F cumulative redeemable preferred stock, amounting to $0.3984375, $0.390625, and $0.390625 per share, respectively. These dividends reflect accrued earnings from January 30, 2023, to April 29, 2023, and are payable on May 1, 2023, to shareholders on record as of April 15, 2023. Arbor Realty Trust is a leading real estate investment trust specializing in loan origination and servicing for diverse commercial real estate assets, managing a multibillion-dollar servicing portfolio.
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.