ARBOR REALTY TRUST INC ABR

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

Arbor is a Maryland corporation formed in 2003. We are a nationwide real estate investment trust ("REIT") and direct lender, providing loan origination and servicing for commercial real estate assets. We operate through two business segments: our Structured Loan Origination and Investment Business, or "Structured Business," and our Agency Loan Origination and Servicing Business, or "Agency Business."

Through our Structured Business, we invest in a diversified portfolio of structured finance assets in the multifamily, single-family rental ("SFR") and commercial real estate markets, primarily consisting of bridge loans, in addition to mezzanine loans, junior participating interests in first mortgages and preferred equity. We also invest in real estate-related joint ventures and may directly acquire real property and invest in real estate-related notes and certain mortgage-related securities.

Last close 2.92 2026-10-23
Market cap $544.7M 2026-06-30 share count
52-week range 2.53 - 11.95

Valuation FY2025 figures against the last close

P/S—
P/E5.2x
P/FCF1.5x
EV/EBITDA63.1x
Dividend yield58.7%
Diluted EPS0.56

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
SG&A $59.8M$54.9M$51.3M$54.0M$45.6M$37.3M$40.3M$37.1M$30.7M$17.6M
Total operating expenses $372.6M$333.9M$315.8M$257.1M$198.0M$270.2M$182.3M$169.5M$149.9M$110.9M
Operating income $176.6M$297.4M$427.9M$371.3M$424.1M$236.6M$170.3M$157.8M$110.9M$43.6M
Interest expense $238.2M$363.3M$428.0M$390.8M$212.0M$169.2M$186.4M$153.8M$90.1M$63.6M
Pre-tax income $176.6M$297.4M$427.9M$371.3M$424.1M$236.6M$170.3M$157.8M$110.9M$63.3M
Income tax $18.8M$13.5M$27.3M$17.5M$46.3M$40.4M$15.0M$9.7M$13.4M$825.0K
Net income $157.8M$283.9M$400.6M$353.8M$377.8M$196.2M$155.2M$148.1M$97.5M$62.5M
EPS, basic 0.561.181.791.722.301.441.301.541.140.83
EPS, diluted 0.561.181.751.672.281.411.271.501.120.83
Shares, diluted (wtd. avg.) 209.7M205.5M218.8M199.1M156.1M134.0M116.2M93.6M80.3M51.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $482.9M$503.8M$929.0M$534.4M$404.6M$339.5M$299.7M$160.1M$104.4M$138.6M
Goodwill $56.6M$56.6M$56.6M$56.6M$56.6M$56.6M$56.6M$56.6M$56.6M$26.7M
Other intangibles $29.9M$31.5M$34.8M$39.4M$44.1M$48.8M$54.1M$59.5M$65.1M$70.7M
Total assets $14.49B$13.49B$15.74B$17.04B$15.07B$7.66B$6.24B$4.61B$3.63B$2.97B
Long-term debt $11.07B$9.96B$11.99B—$12.13B$5.87B$4.68B$3.37B$2.60B$2.07B
Total liabilities $11.43B$10.34B$12.48B$13.97B$12.52B$6.18B$4.88B$3.55B$2.76B$2.22B
Retained earnings -$136.6M$13.0M$115.2M$97.0M$62.5M-$63.4M-$60.9M-$74.1M-$101.9M-$125.1M
Total equity $2.95B$3.02B$3.25B$3.07B$2.55B$1.48B$1.33B$1.07B$864.6M$747.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $372.4M$461.5M$235.9M$1.10B$216.8M$55.2M-$226.5M-$37.7M$459.7M-$198.5M
Stock-based compensation $13.8M$14.2M$14.9M$15.0M$9.9M$9.0M$9.5M$6.1M$4.8M$3.5M
Investing cash flow -$1.28B$1.15B$1.88B-$2.32B-$6.75B-$1.16B-$994.7M-$681.9M-$906.8M-$196.9M
Financing cash flow $798.8M-$2.49B-$1.83B$1.57B$6.89B$1.13B$1.39B$816.5M$523.0M$326.4M
Dividends paid $319.9M$394.8M$380.6M$321.7M$227.1M$173.1M$138.8M$68.1M$42.6M$31.8M
Buybacks $2.0M$11.4M$37.4M$0$34.4M$21.5M$11.6M$10.1M——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001253986-26-000027.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M Net income, FY2016: 62.5M Net income, FY2017: 97.5M Net income, FY2018: 148.1M Net income, FY2019: 155.2M Net income, FY2020: 196.2M Net income, FY2021: 377.8M Net income, FY2022: 353.8M Net income, FY2023: 400.6M Net income, FY2024: 283.9M Net income, FY2025: 157.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — — — — — — — —
Gross profit — — — — — — — — — —
Net income $62.5M $97.5M $148.1M $155.2M $196.2M $377.8M $353.8M $400.6M $283.9M $157.8M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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