ARBOR REALTY TRUST INC

Listed Company

ABR-PECIK 0001253986NYSELarge AcceleratedReal Estate Investment TrustsMarylandFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$157.83M

Total Assets

$14.49B

Equity

$2.95B

Shares Out

193.12M

Op. Cash Flow

$372.38M

Business

ARBOR REALTY TRUST INC is a nationwide real estate investment trust and direct lender that originates, services and invests in commercial real estate loans and related assets. It offers structured finance products such as bridge loans, mezzanine loans, preferred equity, construction and single‑family rental financing, alongside GSE and HUD multifamily and single‑family permanent lending and mortgage servicing. The company operates through two primary segments: a Structured Loan Origination and Investment Business and an Agency Loan Origination and Servicing Business. Arbor distributes its products nationally through a network of sales offices, origination channels, agency programs and securitization/conduit markets.

Summary from filing dated 2025-02-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest income	940	1,168	1,331	948	466
Interest expense	702	805	903	558	—
Net interest income	238	363	428	391	254
Gain on sales, including fee-based services, net	71	75	73	56	123
Mortgage servicing rights	55	51	70	69	130
Servicing revenue, net	110	126	130	92	75
Property operating income	21	7	6	2	185,000
Gain (loss) on derivative instruments, net	1	−9	7	27	−3
Other income, net	15	8	8	−18	8
Total other revenue	272	259	293	228	333
Employee compensation and benefits	174	182	160	162	172
Selling and administrative	60	55	51	54	46
Property operating expenses	28	7	6	2	718,000
Depreciation and amortization	23	10	10	9	7
Impairment loss on real estate owned	21	0	0	—	—
Provision for loss sharing, net	24	12	16	2	−6
Provision for credit losses, net	43	69	73	21	−21
Total other expenses	373	334	316	257	198
Income before extinguishment of debt, (loss) gain on real estate, income from equity affiliates and income taxes	138	288	405	362	—
Loss on extinguishment of debt	−3	−412,000	−2	−5	−3
(Loss) gain on real estate	−9	4	0	0	4
Income from equity affiliates	51	6	24	14	35
Provision for income taxes	−19	−13	−27	−17	−46
Net income	158	284	401	354	378
Preferred stock dividends	41	41	41	41	22
Net income attributable to noncontrolling interest	9	19	29	28	39
Net income attributable to common stockholders	107	223	330	285	317
Basic earnings per common share (in dollars per share)	0.56	1.18	1.79	1.72	2.3
Diluted earnings per common share (in dollars per share)	0.56	1.18	1.75	1.67	2.28
Basic (in shares)	193	189	185	165	138
Diluted (in shares)	210	206	219	199	156

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	483	504	929	534	405
Restricted cash	67	156	608	714	487
Loans and investments, net (allowance for credit losses of $145,971 and $238,967)	11,934	11,034	12,378	14,255	11,981
Loans held-for-sale, net	409	436	552	354	1,094
Capitalized mortgage servicing rights, net	341	369	391	401	423
Securities held-to-maturity, net (allowance for credit losses of $17,013 and $10,846)	156	157	155	157	140
Investments in equity affiliates	58	76	79	79	90
Real estate owned, net	499	177	87	—	—
Due from related party	7	13	64	77	—
Goodwill and other intangible assets	87	88	91	96	101
Other assets	454	481	403	371	270
Total assets	14,495	13,491	15,739	17,039	15,074
Credit and repurchase facilities	5,150	3,559	3,238	3,842	4,482
Securitized debt	3,468	4,622	6,935	7,849	5,893
Senior unsecured notes	2,029	1,236	1,334	1,386	1,281
Convertible senior unsecured notes	0	286	283	280	259
Junior subordinated notes to subsidiary trust issuing preferred securities	145	145	144	143	142
Notes payable - real estate owned	223	75	44	—	—
Due to related party	501,000	4	14	12	—
Due to borrowers	33	48	122	61	97
Allowance for loss-sharing obligations	98	83	72	57	56
Other liabilities	281	280	299	336	288
Total liabilities	11,428	10,339	12,484	13,967	12,524
Commitments and contingencies (Note 15)	—	—	—	—	—
Preferred stock, cumulative, redeemable, $0.01 par value: 100,000,000 shares authorized, shares issued and outstanding by period: Special voting preferred shares - 16,173,761 and 16,293,589 shares, 6.375% Series D - 9,200,000 shares, 6.25% Series E - 5,750,000 shares, 6.25% Series F - 11,342,000 shares	634	634	634	634	556
Common stock, $0.01 par value: 500,000,000 shares authorized - 195,491,855 and 189,259,435 shares issued and outstanding	2	2	2	2	2
Additional paid-in capital	2,454	2,375	2,367	2,204	1,798
(Accumulated deficit) retained earnings	−137	13	115	97	63
Total Arbor Realty Trust, Inc. stockholders equity	2,953	3,024	3,118	2,937	2,418
Noncontrolling interest	114	128	137	135	132
Total equity	3,067	3,152	3,255	3,072	2,550
Total liabilities and equity	14,495	13,491	15,739	17,039	15,074

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock-based compensation	14	14	15	15	10
Amortization and accretion of interest and fees, net	14	−705,000	−4	−14	−2
Originations of loans held-for-sale	−5,081	−4,501	−5,074	−4,788	−6,461
Proceeds from sales of loans held-for-sale, net of gain on sale	5,104	4,610	4,878	5,439	6,415
Payoffs and paydowns of loans held-for-sale	7	5	987,000	59	2
Amortization of capitalized mortgage servicing rights	72	68	63	60	59
Write-off of capitalized mortgage servicing rights from payoffs	10	9	15	45	33
Net charge-offs for loss-sharing obligations	−10	−266,000	−1	−758,000	−2
Deferred tax provision (benefit)	4	−12	−7	−2	11
Distributions from operations of equity affiliates	57	17	28	17	33
Change in fair value of held-for-sale loans	−3	−609,000	−3	16	0
(Gain) loss on derivative instruments, net	−1	9	−7	−27	3
Changes in operating assets and liabilities	12	−70	−74	−44	−76
Net cash provided by operating activities	372	462	236	1,100	217
Loans and investments funded, originated and purchased, net	−3,693	−1,600	−1,362	−5,955	−9,209
Payoffs and paydowns of loans and investments	2,421	2,782	3,360	3,423	2,371
Deferred fees	34	26	21	57	72
Proceeds from sale of real estate, net	0	14	0	0	—
Contributions to equity affiliates	−12	−20	−19	−18	−48
Distributions from equity affiliates	24	11	16	26	34
Payoffs and paydowns of securities held-to-maturity	222,000	483,000	5	19	13
Investments in real estate, net	−41	−3	0	0	—
Change in due to borrowers and reserves	−14	−58	−141	−240	−57
Net cash (used in) provided by investing activities	−1,281	1,152	1,879	−2,317	−6,750
Proceeds from credit and repurchase facilities	12,841	9,351	9,148	11,536	15,688
Payoffs and paydowns of credit and repurchase facilities	−11,201	−9,025	−9,747	−12,153	−13,433
Proceeds from notes payable - REO	299	40	0	0	—
Payoffs and paydowns of notes payable - REO	−198	−9	0	0	—
Proceeds from issuance of securitized debt	1,533	0	0	2,763	4,282
Payoffs and paydowns of securitized debt	−2,682	−2,324	−930	−801	−889
Payoff of convertible senior unsecured notes	−288	0	0	—	—
Proceeds from issuance of common stock	71	10	194	409	515
Proceeds from issuance of senior unsecured notes	900	100	95	438	625
Payoffs and paydowns of senior unsecured notes	−95	−200	−150	−313	0
Redemption of OP Units	−2	0	0	−546,000	−22
Payments of withholding taxes on net settlement of vested stock	−3	−5	−8	−8	−9
Repurchase of common stock	−2	−11	−37	0	−34
Distributions to stockholders and noncontrolling interest	−320	−395	−381	−322	−227
Payment of deferred financing costs	−55	−21	−10	−50	−56
Net cash provided by (used in) financing activities	799	−2,490	−1,826	1,574	6,888
Net (decrease) increase in cash, cash equivalents and restricted cash	−110	−877	289	357	354
Cash used to pay interest	666	782	861	487	176
Cash used to pay taxes	27	29	30	—	—
Real estate acquired in settlement of loans and investments, net	583	278	39	0	—
Settlement of loans and investments, net of real estate	−603	−279	−39	0	—
Derecognition of real estate owned	260	177	0	0	—
Loan funded in conjunction with real estate sold	−271	−182	0	0	—
Distributions accrued on preferred stock	7	7	7	7	7

Filings

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