ARBOR REALTY TRUST INC Goodwill & Intangibles Disclosure
| December 31, 2025 | December 31, 2024 | ||||||||||||||||||||||||||||||||||
| Gross Carrying Value | Accumulated Amortization | Total | Gross Carrying Value | Accumulated Amortization | Total | ||||||||||||||||||||||||||||||
| Finite‑lived intangible assets: | |||||||||||||||||||||||||||||||||||
| Borrower relationships | $ | 14,400 | $ | (13,620) | $ | 780 | $ | 14,400 | $ | (12,180) | $ | 2,220 | |||||||||||||||||||||||
| Below market leases | 4,010 | (3,863) | 147 | 4,010 | (3,737) | 273 | |||||||||||||||||||||||||||||
| Infinite‑lived intangible assets: | |||||||||||||||||||||||||||||||||||
| Fannie Mae DUS license | 17,100 | — | 17,100 | 17,100 | — | 17,100 | |||||||||||||||||||||||||||||
| Freddie Mac Program Plus license | 8,700 | — | 8,700 | 8,700 | — | 8,700 | |||||||||||||||||||||||||||||
| FHA license | 3,200 | — | 3,200 | 3,200 | — | 3,200 | |||||||||||||||||||||||||||||
| $ | 47,410 | $ | (17,483) | $ | 29,927 | $ | 47,410 | $ | (15,917) | $ | 31,493 | ||||||||||||||||||||||||
| Wtd. Avg. Remaining Life (in years) | Estimated Amortization Expense for the Years Ending December 31, | ||||||||||||||||
| 2026 | 2027 | ||||||||||||||||
| Finite‑lived intangible assets: | |||||||||||||||||
| Borrower relationships | 0.3 | $ | 780 | $ | — | ||||||||||||
| Below market leases | 1.0 | 126 | 21 | ||||||||||||||
| 0.4 | $ | 906 | $ | 21 | |||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 21, 2025 | |
| 2023 | Feb 20, 2024 | |
| 2022 | Feb 17, 2023 | |
| 2021 | Feb 18, 2022 | |
| 2020 | Feb 19, 2021 | |
| 2019 | Feb 14, 2020 | |
| 2018 | Feb 15, 2019 | |
| 2017 | Feb 23, 2018 | |
| 2016 | Mar 3, 2017 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.