Arbor Realty Trust Reports Second Quarter 2024 Results and Declares Dividend of $0.43 per Share
Arbor(ABR) Newsfilter·2024-08-02 20:15
Company Highlights: GAAP net income of $0.25 and distributable earnings of $0.45, per diluted common share1Declares cash dividend on common stock of $0.43 per shareStrong liquidity position with ~$725 million in cash and liquidity and ~$215 million of CLO restricted cash2Agency loan originations of $1.15 billion; a servicing portfolio of ~$32.28 billion, up 3%Structured loan originations of $227.2 million, runoff of $629.6 million and a portfolio of ~$11.87 billionRedeemed our 5.75% senior notes at maturity ...