Last $6.94 USD
Change Today 0.00 / 0.00%
Volume 37.0K
ABR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/19/14 All times are local (Market data is delayed by at least 15 minutes).

arbor realty trust inc (ABR) Key Developments

Arbor Realty Trust Inc. Declares Quarterly Dividend on Common Stock and Dividend on Preferred Stock, Payable on September 2, 2014 ; Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2014

Arbor Realty Trust Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share of common stock for the quarter ended June 30, 2014. The dividend is payable on September 2, 2014 to common shareholders of record on August 15, 2014. The ex-dividend date is August 13, 2014. The company announced that its Board of Directors has declared cash dividends on the Company's Series A, Series B and Series C cumulative redeemable preferred stock reflecting accrued dividends from June 1, 2014 through August 31, 2014. The dividends are payable on September 2, 2014 to shareholders of record on August 15, 2014. The Company will pay total dividends of $0.515625, $0.484375 and $0.53125 per share on the Series A, Series B and Series C preferred stock, respectively. Adjusted FFO was approximately $14.9 million or $0.29 per share for the quarter. The company announced unaudited consolidated earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company reported interest income of $25,492,429, net interest income of $14,269,832, net income attributable to common stockholders of $11,466,057 or $0.23 per basic and diluted share, funds from operations of $13,693,780 or $0.27 per diluted share compared to the interest income of $24,329,116, net interest income of $13,996,043, net income attributable to common stockholders of $2,995,866 or $0.07 per basic and diluted share, funds from operations of $4,846,060 or $0.11 per diluted share for the same quarter a year ago. For the six months period, the company reported interest income of $50,404,284, net interest income of $28,590,309, net income attributable to common stockholders of $17,340,818 or $0.35 per basic and diluted share, funds from operations of $21,699,594 or $0.43 per diluted share compared to the interest income of $47,317,938, net interest income of $26,342,621, net income attributable to common stockholders of $9,636,105 or $0.25 per basic and diluted share, funds from operations of $13,141,029 or $0.34 per diluted share for the same period a year ago. Adjusted book value, has increased pro forma June 30 book value $1.15 to $8.82 per common share, and adjusted book value is now $9.21 per common share adding back the temporary losses on swaps.

Arbor Realty Trust Inc. to Report Q2, 2014 Results on Aug 01, 2014

Arbor Realty Trust Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Aug 01, 2014

Arbor Realty Trust Inc., Q2 2014 Earnings Call, Aug 01, 2014

Arbor Realty Trust Inc., Q2 2014 Earnings Call, Aug 01, 2014

Arbor Realty Trust Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Reports Impairment Loss in the First Quarter of 2014

Arbor Realty Trust Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. Arbor reported net income attributable to common stockholders for the quarter of $5.9 million, or $0.12 per diluted common share, compared to $6.6 million, or $0.19 per diluted common share for the quarter ended March 31, 2013. Funds from operations for the quarter ended March 31, 2014 was $8.0 million, or $0.16 per diluted common share, compared to $8.3 million, or $0.24 per diluted common share for the quarter ended March 31, 2013. Net interest income was $14,320,477 against $12,346,578 a year ago. Income from continuing operations was $7,342,103 against $7,328,790 a year ago. Adjusted book value per common share was $9.15. GAAP book value per common share was $7.55. During the first quarter of 2014, the company recorded an impairment loss of $0.3 million on a real estate owned asset with a $4.4 million carrying value before cumulative impairments of $1.3 million.

Arbor Realty Trust Closes Third Collateralized Loan Obligation

Arbor Realty Trust Inc. announced the closing of a $375 million collateralized loan obligation (CLO) issued by two newly-formed subsidiaries of Arbor. An aggregate of approximately $281 million of investment grade-rated debt was issued and Arbor retained an equity interest in the portfolio of approximately $94 million. The $375 million of collateral includes approximately $68 million of additional capacity to finance future loans for a period of up to 120 days from the closing date of the CLO. The notes have an initial weighted average spread of approximately 239 basis points over one-month LIBOR, excluding fees and transaction costs. The facility has a two and a half year replenishment period that allows the principal proceeds from repayments of the collateral assets to be reinvested in qualifying replacement assets, subject to certain conditions. The offering of the notes evidencing the CLO was made pursuant to a private placement. The notes were issued under an indenture and are secured initially by a portfolio of real estate related assets and cash with a face value of approximately $375 million, with real estate related assets consisting primarily of first mortgage bridge loans.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
ABR:US $6.94 USD 0.00

ABR Competitors

Market data is delayed at least 15 minutes.

Company Last Change
AG Mortgage Investment Trust Inc $19.07 USD +0.07
Apollo Residential Mortgage Inc $16.39 USD +0.02
Ares Commercial Real Estate Corp $12.46 USD +0.08
Arlington Asset Investment Corp $27.56 USD +0.02
NewStar Financial Inc $11.06 USD +0.10
View Industry Companies
 

Industry Analysis

ABR

Industry Average

Valuation ABR Industry Range
Price/Earnings 13.6x
Price/Sales 3.9x
Price/Book 0.9x
Price/Cash Flow 9.3x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ARBOR REALTY TRUST INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.