Earnings ·
Reports Q3 GAAP loss of $0.51 per share, suspends common dividend
ABR-PEArbor Realty Trust Inc
Arbor Realty Trust reported a third-quarter GAAP net loss of $85.4 million, or $0.51 per diluted share, compared to a net income of $38.5 million in the prior-year period. The company also announced the immediate suspension of its quarterly common stock dividend to preserve capital and maintain financial flexibility amid challenging market conditions. Additionally, Arbor closed an $825.0 million collateralized securitization vehicle and upsized a $375.0 million offering of 6.25% convertible senior notes due 2029, using proceeds to redeem existing debt and repurchase common stock. The company operates as a real estate investment trust and direct lender specializing in multifamily, single-family rental, and commercial real estate loan origination and servicing.