Profile
Sector:
Real EstateIndustry:
MortgageCountry:
United StatesIPO:
07 April 2004Website:
http://arbor.comNext earnings report:
14 February 2025Last dividends:
16 August 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:29:10 GMTAnalysts recommendations
Institutional Ownership
ABR Latest News
Arbor Realty Trust, Inc. (NYSE:ABR ) Q3 2024 Results Conference Call November 1, 2024 10:00 AM ET Company Participants Paul Elenio - Chief Financial Officer Ivan Kaufman - President and Chief Executive Officer Conference Call Participants Steve Delaney - Citizens JMP Stephen Laws - Raymond James Rick Shane - JPMorgan Jade Rahmani - KBW Crispin Love - Piper Sandler Operator Good morning, ladies and gentlemen, and welcome to the Third Quarter 2024 Arbor Realty Trust Earnings Conference Call. At this time, all participants are in a listen-only mode.
The headline numbers for Arbor Realty Trust (ABR) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Company Highlights: GAAP net income of $0.31 and distributable earnings of $0.43, per diluted common share1 Declares cash dividend on common stock of $0.43 per share Successfully delevered the Company 25% from a peak debt to equity ratio of 4:1 in 2023, to 3:1 at 3Q242 Cash and liquidity of ~$600 million3 Agency loan originations of $1.10 billion; a servicing portfolio of ~$33.01 billion, up 2% from 2Q24 and 10% from a year ago Structured loan originations of $258.5 million, runoff of $521.3 million and a portfolio of ~$11.57 billion In October 2024, issued $100.0 million of 9.00% senior notes due 2027 UNIONDALE, N.Y., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced financial results for the third quarter ended September 30, 2024.
Created in 1974, the Wilshire 5000 Index was intended to be a market-weighted index of the combined NYSE, NASDAQ, and American Stock Exchange (since merged with NASDAQ in 1998).
UNIONDALE, N.Y., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced that it is scheduled to release third quarter 2024 financial results before the market opens on Friday, November 1, 2024. The Company will host a conference call to review the results at 10:00 a.m. Eastern Time on November 1, 2024.
Mortgage REITs (mREITs) are becoming more attractive due to reduced RMBS spreads, alleviated negative convexity, lower cost of capital, and a positive carry from an uninverted yield curve. The macro environment shift suggests strong 3Q24 earnings for mREITs, making common shares potentially opportunistic and bolstering preferred dividend payments. Despite historical weaknesses, mREITs like AGNC could be worth considering at moderate discounts, with potential trading opportunities around earnings releases.
ABR's Q3 2024 results are likely to be affected by lower NII and volatility in the multifamily market, while lower mortgage rates might have offered support.
Arbor Realty Trust (ABR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Arbor Realty Trust (ABR) closed the most recent trading day at $15.24, moving +1.26% from the previous trading session.
U.S. equity markets extended gains to a fifth-straight week despite a continued upswell in benchmark interest rates, as investors weighed a solid start to earnings season against lukewarm inflation data. All eyes were on the Consumer Price Index report, which posted a fractional upside surprise in September for a second-straight month, which followed four straight months of cooler-than-expected reports. Bond markets remained under pressure as buoyant labor market data last week and lukewarm inflation data this week has prompted investors to re-think the prospects of aggressive Fed rate cuts.
What type of business is Arbor Realty Trust?
Arbor Realty Trust, Inc. invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States. The company operates through Structured Business and Agency Business segments. It primarily invests in bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes, and various mortgage-related securities. In addition, the company offers bridge financing products to borrowers who seek short-term capital to be used in an acquisition of property; financing by making preferred equity investments in entities that directly or indirectly own real property; mezzanine financing in the form of loans that are subordinate to a conventional first mortgage loan and senior to the borrower's equity in a transaction; junior participation financing in the form of a junior participating interest in the senior debt; and financing products to borrowers who are looking to acquire conventional, workforce, and affordable single-family housing. Further, it underwrites, originates, sells, and services multifamily mortgage loans through conduit/commercial mortgage-backed securities programs. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Arbor Realty Trust, Inc. was incorporated in 2003 and is headquartered in Uniondale, New York.
What sector is Arbor Realty Trust in?
Arbor Realty Trust is in the Real Estate sector
What industry is Arbor Realty Trust in?
Arbor Realty Trust is in the Mortgage industry
What country is Arbor Realty Trust from?
Arbor Realty Trust is headquartered in United States
When did Arbor Realty Trust go public?
Arbor Realty Trust initial public offering (IPO) was on 07 April 2004
What is Arbor Realty Trust website?
https://arbor.com
Is Arbor Realty Trust in the S&P 500?
No, Arbor Realty Trust is not included in the S&P 500 index
Is Arbor Realty Trust in the NASDAQ 100?
No, Arbor Realty Trust is not included in the NASDAQ 100 index
Is Arbor Realty Trust in the Dow Jones?
No, Arbor Realty Trust is not included in the Dow Jones index
When was Arbor Realty Trust the previous earnings report?
No data
When does Arbor Realty Trust earnings report?
The next expected earnings date for Arbor Realty Trust is 14 February 2025