Arbor Realty Trust (ABR) Tops Q3 EPS by 2c

Arbor Realty Trust (NYSE: ABR) reported Q3 EPS of $0.35, $0.02 better than the analyst estimate of $0.33. Revenue for the quarter came in at $62.56 million versus the consensus estimate of $34 million.

Company Highlights:

• GAAP net income of $0.35 and AFFO of $0.36 per diluted common share1
• Declares a cash dividend on common stock of $0.30 per share, our third consecutive quarterly increase, and an 11% increase from a year ago

Agency Business

• Segment income of $22.8 million
• Loan originations of $1.42 billion
• Servicing portfolio of $19.97 billion, up 3% from 2Q19 and 12% from a year ago

Structured Business

• Segment income of $18.5 million
• Loan originations of $541.5 million

Recent Development:

• Issued $110.0 million of 4.75% senior unsecured notes due in 2024

For earnings history and earnings-related data on Arbor Realty Trust (ABR) click here.

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