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, 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.
On Dec. 23, 2022, Arbor Realty Trust (NYSE: ABR) co-funded a significant Fannie Mae Structured Adjustable-Rate Mortgage (SARM) loan as part of Emerald Empire's acquisition of Pangea Properties' Chicago portfolio. This transaction, involving hundreds of properties with over 97% deemed 'affordable,' showcases Arbor's commitment to affordable housing. The deal also ensures job continuity for Pangea Properties' employees in Chicago. Arbor, a noted multifamily lender, leveraged its longstanding partnerships to facilitate this impactful project aimed at promoting housing affordability.
Arbor Realty Trust, Inc. (NYSE:ABR) has completed a $315 million loan securitization through Freddie Mac’s Q Series program. This marks Arbor’s inaugural transaction in this program, backed by 11 floating rate loans secured by first priority mortgage liens on 21 multifamily properties. Nearly 60% of the units meet the affordability criteria for households earning 60% of Area Median Income. Arbor aims to enhance its relationship with Freddie Mac while contributing to affordable housing.
Arbor Realty Trust reported Q3 2022 results with net income of $62.7 million ($0.36/share) and distributable earnings of $105.1 million ($0.56/share). The firm raised its cash dividend to $0.40/share, marking the 10th consecutive quarterly increase. The company holds approximately $500 million in cash and liquidity, plus $375 million in restricted cash. Loan originations reached $774.7 million, with a total portfolio of ~$15 billion. However, net income dropped from $72.8 million ($0.51/share) in Q3 2021.
Arbor Realty Trust (NYSE: ABR) will release its Q3 2022 financial results on November 4, 2022, before market open. A conference call is scheduled for 10:00 a.m. ET the same day to discuss these results. The call will be accessible via live webcast on the company's investor relations website, with telephonic access available for those without internet. The replay will be available until November 11, 2022. Arbor Realty Trust is a leading real estate investment trust that specializes in loan origination and servicing for various commercial real estate assets.