arbor realty trust inc (ABR) Snapshot

Arbor Realty Trust Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net income attributable to common stockholders for the quarter of $6.6 million, or $0.19 per diluted common share, compared to net income attributable to common stockholders for the quarter ended March 31, 2012 of $4.2 million, or $0.17 per diluted common share. Funds from operations were $8.3 million, or $0.24 per diluted common share, compared to funds from operations of $1.9 million, or $0.08 per diluted common share for the quarter ended March 31, 2012. This translates into an annualized FFO return for the quarter on average common equity of approximately 12% and an FFO return on average adjusted common equity of 9%. Net interest income was $12,346,578 against $7,845,007 a year ago. Income before benefit from income taxes was $7,227,218 against loss before income tax of $940,736 a year ago. Income from continuing operations was $7,227,218 against $460,822 a year ago. Adjusted book value per common share was $9.68. GAAP book value per common share was $7.53. The company announced that its board of directors has declared a quarterly cash dividend of $0.12 per share of common stock for the first quarter ended March 31, 2013. The dividend is payable on May 31, 2013 to common shareholders of record on May 15, 2013. The ex-dividend date is May 13, 2013. The company announced that its board of directors has declared a cash dividend of $0.6875 per share of Series A cumulative redeemable preferred stock reflecting accrued dividends from the date of issuance, February 1, 2013, through May 31, 2013. The dividend is payable on May 31, 2013 to preferred shareholders of record on May 15, 2013.

Arbor Realty Trust Inc., Q1 2013 Earnings Call, May 03, 2013

Arbor Realty Trust Inc. announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on May 03, 2013