Arbor Realty Trust Reports Second Quarter 2024 Results and Declares Dividend of $0.43 per Share
ABRArbor(ABR) Newsfilter·2024-08-02 20:15

Company Highlights: GAAP net income of 0.25anddistributableearningsof0.25 and distributable earnings of 0.45, per diluted common share1Declares cash dividend on common stock of 0.43pershareStrongliquiditypositionwith 0.43 per shareStrong liquidity position with ~725 million in cash and liquidity and ~215millionofCLOrestrictedcash2Agencyloanoriginationsof215 million of CLO restricted cash2Agency loan originations of 1.15 billion; a servicing portfolio of ~32.28billion,up332.28 billion, up 3%Structured loan originations of 227.2 million, runoff of 629.6millionandaportfolioof 629.6 million and a portfolio of ~11.87 billionRedeemed our 5.75% senior notes at maturity ...