Arbor Realty Trust (ABR) Financials

$12.10 +0.01 (+0.08%)

Closing price 10/8/2025 03:59 PM Eastern

Extended Trading

$12.09 -0.01 (-0.07%)

As of 04:17 AM Eastern

Annual Income Statements for Arbor Realty Trust

This table shows Arbor Realty Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	46	43	66	108	121	163	317	285	330	223
Consolidated Net Income / (Loss)	53	62	98	148	155	196	378	354	401	284
Net Income / (Loss) Continuing Operations	53	60	90	153	163	196	381	359	402	284
Total Pre-Tax Income	53	48	107	162	167	164	389	362	405	288
Total Revenue	112	147	257	331	349	431	587	619	721	622
Net Interest Income / (Expense)	65	55	66	98	130	170	254	391	428	363
Total Interest Income	115	116	156	252	316	339	466	948	1,331	1,168
Investment Securities Interest Income	107	116	156	252	316	339	466	948	1,331	1,168
Total Interest Expense	50	64	90	154	186	169	212	558	903	805
Long-Term Debt Interest Expense	50	64	90	154	186	169	212	558	903	805
Total Non-Interest Income	47	95	190	233	220	264	333	228	293	259
Other Service Charges	0.27	1.04	0.69	2.21	1.18	228	213	-18	214	192
Net Realized & Unrealized Capital Gains on Investments	19	25	73	76	64	33	120	82	78	66
Total Non-Interest Expense	71	99	150	169	182	270	198	257	316	334
Salaries and Employee Benefits	18	39	92	110	122	144	172	162	160	182
Net Occupancy & Equipment Expense	-	14	10	10	10	4.90	0.72	2.14	5.90	7.39
Other Operating Expenses	48	32	37	35	40	113	18	84	140	135
Depreciation Expense	5.44	5.02	7.39	7.45	7.51	7.64	7.22	8.73	9.74	9.56
Income Tax Expense	-	0.83	13	9.73	15	40	46	17	27	13
Other Gains / (Losses), net	-	13	-2.95	1.20	11	76	38	14	24	9.59
Preferred Stock Dividends Declared	7.55	7.55	7.55	7.55	7.55	7.55	22	41	41	41
Net Income / (Loss) Attributable to Noncontrolling Interest	-	12	24	32	27	25	39	28	29	19
Basic Earnings per Share	$0.90	$0.83	$1.14	$1.54	$1.30	$1.44	$2.30	$1.72	$1.79	$1.18
Weighted Average Basic Shares Outstanding	50.86M	51.31M	57.89M	70.21M	92.85M	113.81M	137.83M	165.36M	184.64M	188.70M
Diluted Earnings per Share	$0.90	$0.83	$1.12	$1.50	$1.27	$1.41	$2.28	$1.67	$1.75	$1.18
Weighted Average Diluted Shares Outstanding	51.01M	51.73M	80.31M	93.64M	116.19M	133.97M	156.09M	199.11M	218.84M	205.53M
Weighted Average Basic & Diluted Shares Outstanding	51M	51.60M	57.80M	85.36M	111.25M	123.92M	152.11M	179.82M	188.51M	189.51M
Cash Dividends to Common per Share	$0.58	-	-	-	$0.00	-	-	-	-	$1.72

This table shows Arbor Realty Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	63	88	84	76	78	92	58	47	58	60	30
Consolidated Net Income / (Loss)	79	107	102	93	95	110	73	62	74	75	43
Net Income / (Loss) Continuing Operations	82	108	102	95	95	110	73	62	74	75	46
Total Pre-Tax Income	77	116	96	95	100	114	75	60	76	78	54
Total Revenue	134	198	182	174	177	189	161	153	157	152	134
Net Interest Income / (Expense)	99	113	109	109	107	104	104	88	89	83	75
Total Interest Income	260	321	328	336	336	331	321	297	287	263	241
Investment Securities Interest Income	260	321	328	336	336	331	321	297	287	263	241
Total Interest Expense	160	208	219	227	229	227	218	209	198	180	165
Long-Term Debt Interest Expense	160	208	219	227	229	227	218	209	198	180	165
Total Non-Interest Income	35	84	73	65	69	85	57	65	68	69	59
Service Charges on Deposit Accounts	-	-	18	16	14	-	10	-	13	-	8.13
Other Service Charges	37	-119	4.88	0.05	0.17	209	2.33	48	4.04	138	4.42
Net Realized & Unrealized Capital Gains on Investments	-1.55	41	19	15	18	26	11	17	19	18	16
Other Non-Interest Income	-	-	31	34	37	-	33	-	31	-	30
Total Non-Interest Expense	57	81	86	79	76	75	85	94	81	74	80
Salaries and Employee Benefits	39	42	42	41	40	36	48	43	45	46	46
Net Occupancy & Equipment Expense	0.37	0.69	1.38	1.37	1.48	1.67	1.68	1.58	1.69	2.45	3.47
Other Operating Expenses	16	36	39	34	33	34	33	47	33	23	27
Depreciation Expense	2.08	2.64	2.62	2.39	2.29	2.45	2.57	2.42	1.94	2.62	3.74
Income Tax Expense	-0.37	4.32	8.03	5.55	5.85	7.91	3.59	3.90	5.23	0.75	3.59
Other Gains / (Losses), net	4.75	-4.26	14	5.56	0.81	3.59	1.42	6.61	3.18	-1.62	-4.44
Other Adjustments to Consolidated Net Income / (Loss)	-3.26	-	-	-1.25	-0.31	-	-	-	0.00	-	-2.32
Preferred Stock Dividends Declared	10	10	10	10	10	10	10	10	10	10	10
Net Income / (Loss) Attributable to Noncontrolling Interest	6.00	8.23	7.59	6.83	6.79	7.92	5.00	4.09	5.03	5.16	2.60
Basic Earnings per Share	$0.37	$0.50	$0.47	$0.42	$0.42	$0.48	$0.31	$0.25	$0.31	$0.31	$0.16
Weighted Average Basic Shares Outstanding	170.23M	165.36M	181.12M	181.82M	187.02M	184.64M	188.71M	188.66M	188.51M	188.70M	190.06M
Diluted Earnings per Share	$0.36	$0.50	$0.46	$0.41	$0.41	$0.47	$0.31	$0.25	$0.31	$0.31	$0.16
Weighted Average Diluted Shares Outstanding	205.87M	199.11M	214.91M	216.06M	221.33M	218.84M	222.93M	205.49M	205.35M	205.53M	206.86M
Weighted Average Basic & Diluted Shares Outstanding	171.52M	179.82M	181.16M	186.50M	188.50M	188.51M	188.51M	188.55M	188.61M	189.51M	192.16M
Cash Dividends to Common per Share	$0.39	-	$0.40	$0.42	$0.43	-	$0.43	$0.43	$0.43	-	$0.43

This table details how cash moves in and out of Arbor Realty Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	138	-69	76	97	170	26	354	357	289	-877
Net Cash From Operating Activities	36	-199	460	-38	-227	55	217	1,100	236	462
Net Cash From Continuing Operating Activities	36	-199	460	-38	-227	55	217	1,100	236	462
Net Income / (Loss) Continuing Operations	53	62	98	148	155	196	378	354	401	284
Consolidated Net Income / (Loss)	53	62	98	148	155	196	378	354	401	284
Provision For Loan Losses	4.47	2.10	-0.72	12	1.15	76	-27	23	89	80
Depreciation Expense	5.44	5.02	7.39	7.45	7.51	7.64	7.22	8.73	9.74	9.56
Amortization Expense	1.58	26	52	57	54	52	56	46	59	68
Non-Cash Adjustments to Reconcile Net Income	-31	-287	306	-252	-432	-284	-121	712	-249	90
Changes in Operating Assets and Liabilities, net	2.63	-7.07	-1.95	-11	-12	6.94	-76	-44	-74	-70
Net Cash From Investing Activities	25	-197	-907	-682	-995	-1,157	-6,750	-2,317	1,879	1,152
Net Cash From Continuing Investing Activities	25	-197	-907	-682	-995	-1,157	-6,750	-2,317	1,879	1,152
Purchase of Investment Securities	-1,008	-940	-1,897	-1,596	-2,746	-2,415	-9,311	-6,000	-1,381	-1,624
Divestitures	-	-	4.67	3.12	0.21	0.00	34	26	16	11
Sale and/or Maturity of Investments	1,028	731	961	963	1,766	1,273	2,512	3,840	3,364	2,796
Other Investing Activities, net	4.88	12	24	-52	-15	-14	15	-183	-120	-32
Net Cash From Financing Activities	77	326	523	817	1,391	1,128	6,888	1,574	-1,826	-2,490
Net Cash From Continuing Financing Activities	77	326	523	817	1,391	1,128	6,888	1,574	-1,826	-2,490
Issuance of Debt	1,277	4,259	9,361	9,997	10,517	13,978	20,581	14,736	9,243	9,490
Issuance of Preferred Equity	-	-	-	-	0.00	0.00	556	78	0.00	0.00
Issuance of Common Equity	-	-	76	156	260	184	515	409	194	10
Repayment of Debt	-1,157	-3,880	-8,825	-9,203	-9,204	-12,782	-14,323	-13,267	-10,827	-11,559
Repurchase of Common Equity	-	-	-	-10	-12	-22	-34	0.00	-37	-11
Payment of Dividends	-37	-46	-65	-96	-139	-173	-227	-322	-381	-395
Other Financing Activities, Net	-6.23	-6.02	-24	-27	-32	-57	-87	-59	-18	-26
Cash Interest Paid	44	53	76	119	168	145	176	487	861	782
Cash Income Taxes Paid	0.29	0.26	21	20	20	35	38	28	30	29

This table details how cash moves in and out of Arbor Realty Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	182	-64	231	-236	71	223	-83	-499	-88	-207	-311
Net Cash From Operating Activities	47	289	-57	158	57	77	260	70	85	47	151
Net Cash From Continuing Operating Activities	47	289	-57	158	57	77	260	70	85	47	151
Net Income / (Loss) Continuing Operations	79	107	102	93	95	110	73	62	74	75	43
Consolidated Net Income / (Loss)	79	107	102	93	95	110	73	62	74	75	43
Provision For Loan Losses	2.69	16	26	22	20	22	19	34	19	7.64	11
Depreciation Expense	2.08	2.64	2.62	2.39	2.29	2.45	2.57	2.42	1.94	2.62	3.74
Amortization Expense	12	12	15	14	15	16	17	15	17	19	21
Non-Cash Adjustments to Reconcile Net Income	-31	173	-135	-17	111	-208	226	-29	10	-118	126
Changes in Operating Assets and Liabilities, net	-18	-21	-68	45	-186	135	-78	-14	-37	60	-54
Net Cash From Investing Activities	19	506	828	200	391	460	332	386	228	206	-315
Net Cash From Continuing Investing Activities	19	506	828	200	391	460	332	386	228	206	-315
Purchase of Investment Securities	-758	-538	-381	-488	-194	-318	-323	-305	-305	-691	-745
Divestitures	8.18	1.69	12	0.49	3.50	-	0.07	11	-	-	0.97
Sale and/or Maturity of Investments	919	1,123	1,194	683	668	820	670	690	528	908	419
Other Investing Activities, net	-151	-81	3.95	3.99	-87	-41	-16	-9.29	4.54	-12	10
Net Cash From Financing Activities	117	-858	-540	-595	-376	-315	-674	-955	-401	-460	-147
Net Cash From Continuing Financing Activities	117	-858	-540	-595	-376	-315	-674	-955	-401	-460	-147
Issuance of Debt	2,642	3,448	1,944	2,600	2,126	2,573	1,865	2,689	2,149	2,787	2,714
Issuance of Common Equity	45	96	83	27	84	0.00	0.00	-	-	10	29
Repayment of Debt	-2,473	-4,300	-2,458	-3,098	-2,484	-2,787	-2,433	-3,529	-2,447	-3,149	-2,782
Payment of Dividends	-83	-87	-91	-93	-98	-99	-99	-99	-99	-99	-99
Other Financing Activities, Net	-13	-15	-8.98	-2.25	-4.85	-2.13	-7.44	-4.62	-4.49	-9.25	-8.62
Cash Interest Paid	142	180	214	213	228	207	210	204	198	170	164
Cash Income Taxes Paid	5.04	1.79	1.03	10	12	7.21	0.57	16	7.60	5.08	0.86

This table presents Arbor Realty Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,827	2,971	3,626	4,612	6,239	7,661	15,074	17,039	15,739	13,491
Cash and Due from Banks	189	139	104	160	300	340	405	534	929	504
Restricted Cash	48	29	139	181	211	197	487	714	608	156
Trading Account Securities	2.02	-	28	76	89	96	140	157	155	157
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Loans Held for Sale	-	673	297	482	861	987	1,094	354	552	436
Customer and Other Receivables	8.08	1.47	0.69	1.29	11	12	84	77	64	13
Mortgage Servicing Rights	1,450	1,696	2,579	3,200	4,190	5,286	11,981	14,255	12,378	11,034
Intangible Assets	-	97	122	116	111	105	101	96	91	88
Other Assets	69	315	339	381	454	638	782	852	961	1,103
Total Liabilities & Shareholders' Equity	1,827	2,971	3,626	4,612	6,239	7,661	15,074	17,039	15,739	13,491
Total Liabilities	1,262	2,224	2,761	3,547	4,883	6,178	12,524	13,967	12,484	10,339
Long-Term Debt	1,208	2,132	2,662	3,428	4,736	5,978	12,209	13,619	12,100	10,054
Other Long-Term Liabilities	54	92	100	119	147	200	314	348	384	285
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	565	747	865	1,066	1,356	1,483	2,550	3,072	3,255	3,152
Total Preferred & Common Equity	565	587	696	895	1,185	1,344	2,418	2,937	3,118	3,024
Preferred Stock	89	90	90	90	90	89	556	634	634	634
Total Common Equity	476	498	606	806	1,095	1,255	1,862	2,303	2,484	2,390
Common Stock	617	622	708	880	1,156	1,318	1,799	2,206	2,369	2,377
Retained Earnings	-136	-125	-102	-74	-61	-63	63	97	115	13
Noncontrolling Interest	-	160	169	170	171	138	132	135	137	128

This table presents Arbor Realty Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	17,762	16,588	16,158	15,903	15,105	14,197	13,881	13,367
Cash and Due from Banks	390	775	846	895	908	737	688	309
Restricted Cash	923	705	397	419	547	218	180	41
Trading Account Securities	158	154	155	155	155	156	156	159
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Loans Held for Sale	544	470	485	364	323	343	326	315
Customer and Other Receivables	25	113	73	212	104	105	97	9.61
Mortgage Servicing Rights	14,791	13,431	13,271	12,893	12,002	11,604	11,293	11,216
Intangible Assets	97	95	94	93	90	89	89	88
Other Assets	835	846	836	872	976	944	926	1,232
Total Liabilities & Shareholders' Equity	17,762	16,588	16,158	15,903	15,105	14,197	13,881	13,367
Total Liabilities	14,808	13,431	12,998	12,662	11,871	11,011	10,718	10,238
Long-Term Debt	14,499	13,113	12,607	12,339	11,537	10,627	10,387	9,997
Other Long-Term Liabilities	310	318	391	323	334	383	296	241
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,954	3,157	3,160	3,241	3,234	3,187	3,163	3,129
Total Preferred & Common Equity	2,821	3,022	3,024	3,105	3,100	3,055	3,034	3,008
Preferred Stock	634	634	634	634	634	634	634	634
Total Common Equity	2,187	2,388	2,390	2,471	2,466	2,421	2,400	2,374
Common Stock	2,108	2,280	2,282	2,366	2,374	2,363	2,365	2,412
Retained Earnings	80	108	108	105	92	58	35	-39
Noncontrolling Interest	133	136	136	136	135	132	130	122

This table displays calculated financial ratios and metrics derived from Arbor Realty Trust's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	20.35%	31.26%	74.48%	29.03%	5.53%	23.35%	36.26%	5.42%	16.47%	-13.72%
EBITDA Growth	-51.85%	64.24%	109.93%	36.47%	0.80%	-3.38%	105.15%	-7.84%	13.75%	-22.96%
EBIT Growth	-55.68%	16.15%	123.36%	51.47%	3.37%	-3.78%	142.10%	-6.99%	11.93%	-28.87%
NOPAT Growth	-55.68%	14.15%	98.83%	62.73%	0.10%	-18.50%	176.73%	0.46%	9.67%	-27.28%
Net Income Growth	-42.58%	16.94%	56.06%	51.83%	4.85%	26.36%	92.60%	-6.35%	13.21%	-29.12%
EPS Growth	-47.06%	-7.78%	34.94%	33.93%	-15.33%	11.02%	61.70%	-26.75%	4.79%	-32.57%
Operating Cash Flow Growth	18.03%	-646.15%	331.57%	-108.21%	-500.34%	124.35%	293.09%	407.11%	-78.55%	95.68%
Free Cash Flow Firm Growth	451.36%	-1,379.78%	47.65%	-47.12%	-77.38%	13.90%	-458.54%	77.18%	208.02%	41.34%
Invested Capital Growth	-2.29%	62.37%	22.50%	27.43%	35.57%	22.48%	97.82%	13.09%	-8.01%	-13.99%
Revenue Q/Q Growth	0.76%	36.51%	4.90%	12.48%	-3.23%	17.67%	3.37%	3.04%	-1.29%	-5.64%
EBITDA Q/Q Growth	-5.99%	94.28%	1.83%	12.32%	-0.99%	35.37%	5.27%	-4.37%	0.19%	-8.27%
EBIT Q/Q Growth	-4.33%	81.81%	5.97%	18.23%	-1.81%	57.46%	6.34%	-5.09%	-0.67%	-11.25%
NOPAT Q/Q Growth	-3.23%	21.70%	-7.29%	9.32%	0.99%	50.14%	10.16%	-3.40%	-1.30%	-9.66%
Net Income Q/Q Growth	-0.05%	62.34%	0.39%	13.55%	-2.72%	53.17%	3.75%	-5.26%	0.80%	-10.86%
EPS Q/Q Growth	0.00%	59.62%	-4.27%	8.70%	-8.63%	51.61%	-5.00%	-11.17%	-1.69%	-11.94%
Operating Cash Flow Q/Q Growth	-12.57%	-232.59%	1,050.58%	69.39%	-205.39%	175.65%	187.11%	6.93%	-47.26%	-6.20%
Free Cash Flow Firm Q/Q Growth	-25.48%	-47.85%	-81.79%	39.16%	-115.45%	-6.44%	-36.61%	69.40%	-24.01%	3.84%
Invested Capital Q/Q Growth	-1.15%	12.97%	19.38%	1.37%	15.93%	14.66%	23.92%	-4.36%	-1.44%	-2.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	42.97%	53.76%	64.68%	68.41%	65.35%	51.19%	77.07%	67.37%	65.80%	58.75%
EBIT Margin	36.71%	32.48%	41.58%	48.82%	47.82%	37.30%	66.28%	58.48%	56.20%	46.33%
Profit (Net Income) Margin	47.69%	42.49%	38.00%	44.72%	44.43%	45.52%	64.34%	57.16%	55.55%	45.64%
Tax Burden Percent	100.00%	130.79%	91.38%	91.60%	92.91%	119.38%	97.07%	97.74%	98.86%	98.51%
Interest Burden Percent	129.91%	100.00%	100.00%	100.00%	100.00%	102.21%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	1.73%	12.52%	6.02%	9.00%	24.58%	11.89%	4.83%	6.75%	4.68%
Return on Invested Capital (ROIC)	2.29%	2.02%	2.91%	3.79%	2.87%	1.83%	3.09%	2.19%	2.36%	1.92%
ROIC Less NNEP Spread (ROIC-NNEP)	3.28%	2.95%	3.09%	3.66%	2.95%	3.18%	3.47%	2.26%	2.53%	2.01%
Return on Net Nonoperating Assets (RNNOA)	7.42%	7.51%	9.19%	11.55%	9.95%	11.99%	15.65%	10.40%	10.30%	6.94%
Return on Equity (ROE)	9.71%	9.52%	12.10%	15.34%	12.82%	13.82%	18.74%	12.59%	12.66%	8.86%
Cash Return on Invested Capital (CROIC)	4.61%	-45.52%	-17.31%	-20.33%	-27.33%	-18.38%	-62.60%	-10.09%	10.70%	16.97%
Operating Return on Assets (OROA)	2.23%	1.99%	3.24%	3.92%	3.08%	2.31%	3.42%	2.25%	2.47%	1.97%
Return on Assets (ROA)	2.89%	2.60%	2.96%	3.59%	2.86%	2.82%	3.32%	2.20%	2.44%	1.94%
Return on Common Equity (ROCE)	8.13%	7.07%	8.29%	11.22%	10.06%	11.44%	14.48%	9.33%	9.58%	6.74%
Return on Equity Simple (ROE_SIMPLE)	9.45%	10.64%	14.01%	16.54%	13.10%	14.59%	15.62%	12.05%	12.85%	9.39%
Net Operating Profit after Tax (NOPAT)	41	47	93	152	152	124	343	345	378	275
NOPAT Margin	36.71%	31.92%	36.38%	45.88%	43.52%	28.75%	58.40%	55.65%	52.40%	44.16%
Net Nonoperating Expense Percent (NNEP)	-0.99%	-0.93%	-0.17%	0.13%	-0.08%	-1.35%	-0.38%	-0.07%	-0.18%	-0.08%
SG&A Expenses to Revenue	15.62%	35.46%	39.99%	36.52%	37.87%	34.64%	29.38%	26.49%	22.98%	30.39%
Operating Expenses to Revenue	63.29%	67.52%	58.59%	51.18%	52.18%	62.70%	33.72%	41.52%	43.80%	53.67%
Earnings before Interest and Taxes (EBIT)	41	48	107	162	167	161	389	362	405	288
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	48	79	166	226	228	221	453	417	474	365
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.31	0.34	0.43	0.52	0.76	0.87	1.00	0.75	1.02	1.09
Price to Tangible Book Value (P/TBV)	0.31	0.43	0.54	0.60	0.85	0.95	1.06	0.78	1.06	1.13
Price to Revenue (P/Rev)	1.33	1.17	1.02	1.26	2.39	2.53	3.19	2.79	3.51	4.20
Price to Earnings (P/E)	3.26	4.01	3.96	3.84	6.88	6.67	5.89	6.07	7.67	11.70
Dividend Yield	19.79%	18.58%	17.05%	20.57%	15.13%	13.11%	10.55%	15.29%	15.49%	12.42%
Earnings Yield	30.71%	24.95%	25.26%	26.05%	14.53%	15.00%	16.97%	16.49%	13.04%	8.55%
Enterprise Value to Invested Capital (EV/IC)	0.68	0.83	0.83	0.84	0.87	0.91	0.94	0.89	0.90	0.97
Enterprise Value to Revenue (EV/Rev)	10.80	16.21	11.44	11.37	15.23	15.68	23.63	24.02	19.23	20.52
Enterprise Value to EBITDA (EV/EBITDA)	25.13	30.16	17.69	16.61	23.30	30.64	30.66	35.65	29.22	34.93
Enterprise Value to EBIT (EV/EBIT)	29.41	49.91	27.52	23.28	31.84	42.04	35.65	41.07	34.22	44.30
Enterprise Value to NOPAT (EV/NOPAT)	29.41	50.79	31.46	24.77	34.99	54.54	40.47	43.15	36.69	46.47
Enterprise Value to Operating Cash Flow (EV/OCF)	33.28	0.00	6.39	0.00	0.00	122.51	63.99	13.52	58.78	27.67
Enterprise Value to Free Cash Flow (EV/FCFF)	14.62	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.09	5.27
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.14	2.85	3.08	3.22	3.49	4.03	4.79	4.43	3.72	3.19
Long-Term Debt to Equity	2.14	2.85	3.08	3.22	3.49	4.03	4.79	4.43	3.72	3.19
Financial Leverage	2.26	2.55	2.97	3.15	3.37	3.77	4.51	4.59	4.07	3.46
Leverage Ratio	3.36	3.66	4.09	4.27	4.48	4.90	5.64	5.71	5.18	4.56
Compound Leverage Factor	4.36	3.66	4.09	4.27	4.48	5.00	5.64	5.71	5.18	4.56
Debt to Total Capital	68.13%	74.05%	75.48%	76.29%	77.74%	80.13%	82.72%	81.60%	78.80%	76.13%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	68.13%	74.05%	75.48%	76.29%	77.74%	80.13%	82.72%	81.60%	78.80%	76.13%
Preferred Equity to Total Capital	5.04%	3.11%	2.54%	1.99%	1.47%	1.20%	3.77%	3.80%	4.13%	4.80%
Noncontrolling Interests to Total Capital	0.00%	5.55%	4.79%	3.79%	2.81%	1.85%	0.89%	0.81%	0.89%	0.97%
Common Equity to Total Capital	26.84%	17.29%	17.20%	17.93%	17.98%	16.82%	12.62%	13.80%	16.18%	18.10%
Debt to EBITDA	25.09	26.96	16.04	15.13	20.74	27.10	26.98	32.65	25.51	27.51
Net Debt to EBITDA	20.17	24.84	14.57	13.63	18.51	24.67	25.01	29.66	22.27	25.70
Long-Term Debt to EBITDA	25.09	26.96	16.04	15.13	20.74	27.10	26.98	32.65	25.51	27.51
Debt to NOPAT	29.37	45.40	28.51	22.57	31.15	48.24	35.60	39.53	32.02	36.60
Net Debt to NOPAT	23.60	41.83	25.90	20.32	27.79	43.91	33.01	35.91	27.96	34.19
Long-Term Debt to NOPAT	29.37	45.40	28.51	22.57	31.15	48.24	35.60	39.53	32.02	36.60
Noncontrolling Interest Sharing Ratio	16.23%	25.81%	31.50%	26.84%	21.50%	17.22%	22.71%	25.91%	24.32%	23.91%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	83	-1,059	-554	-815	-1,446	-1,245	-6,955	-1,587	1,714	2,423
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	1.66	-16.64	-6.15	-5.30	-7.76	-7.36	-32.81	-2.85	1.90	3.01
Operating Cash Flow to Interest Expense	0.73	-3.12	5.10	-0.25	-1.22	0.33	1.02	1.97	0.26	0.57
Operating Cash Flow Less CapEx to Interest Expense	0.73	-3.12	5.10	-0.25	-1.22	0.33	1.02	1.97	0.26	0.57
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.06	0.06	0.08	0.08	0.06	0.06	0.05	0.04	0.04	0.04
Fixed Asset Turnover	1.54	3.66	14.15	21.20	25.26	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,773	2,879	3,526	4,493	6,092	7,461	14,759	16,691	15,354	13,206
Invested Capital Turnover	0.06	0.06	0.08	0.08	0.07	0.06	0.05	0.04	0.05	0.04
Increase / (Decrease) in Invested Capital	-42	1,106	648	967	1,598	1,369	7,298	1,931	-1,336	-2,148
Enterprise Value (EV)	1,210	2,384	2,937	3,763	5,319	6,758	13,877	14,867	13,864	12,768
Market Capitalization	149	171	261	416	833	1,089	1,870	1,728	2,531	2,612
Book Value per Share	$9.34	$9.68	$9.83	$10.65	$11.20	$10.81	$13.02	$13.43	$13.18	$12.67
Tangible Book Value per Share	$9.34	$7.78	$7.85	$9.11	$10.07	$9.90	$12.32	$12.87	$12.69	$12.21
Total Capital	1,773	2,879	3,526	4,493	6,092	7,461	14,759	16,691	15,354	13,206
Total Debt	1,208	2,132	2,662	3,428	4,736	5,978	12,209	13,619	12,100	10,054
Total Long-Term Debt	1,208	2,132	2,662	3,428	4,736	5,978	12,209	13,619	12,100	10,054
Net Debt	971	1,964	2,418	3,087	4,225	5,441	11,318	12,371	10,563	9,394
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	-12	-16	-4.17	3.85	-3.20	-72	-35	-9.31	-23	-9.17
Net Nonoperating Obligations (NNO)	1,208	2,132	2,662	3,428	4,736	5,978	12,209	13,619	12,100	10,054
Total Depreciation and Amortization (D&A)	7.01	31	59	65	61	60	63	55	69	77
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.90	$0.83	$1.14	$1.54	$1.30	$1.44	$2.30	$1.72	$1.79	$1.18
Adjusted Weighted Average Basic Shares Outstanding	50.86M	51.31M	57.89M	70.21M	92.85M	113.81M	137.83M	165.36M	184.64M	188.70M
Adjusted Diluted Earnings per Share	$0.90	$0.83	$1.12	$1.50	$1.27	$1.41	$2.28	$1.67	$1.75	$1.18
Adjusted Weighted Average Diluted Shares Outstanding	51.01M	51.73M	80.31M	93.64M	116.19M	133.97M	156.09M	199.11M	218.84M	205.53M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.30	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	50.96M	51.40M	61.72M	85.36M	111.25M	123.92M	152.11M	179.82M	188.51M	189.51M
Normalized Net Operating Profit after Tax (NOPAT)	29	57	96	157	154	124	343	345	378	275
Normalized NOPAT Margin	25.68%	38.49%	37.47%	47.54%	44.08%	28.75%	58.40%	55.65%	52.40%	44.16%
Pre Tax Income Margin	47.69%	32.48%	41.58%	48.82%	47.82%	38.13%	66.28%	58.48%	56.20%	46.33%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.83	0.75	1.18	1.05	0.90	0.95	1.84	0.65	0.45	0.36
NOPAT to Interest Expense	0.83	0.74	1.04	0.99	0.82	0.73	1.62	0.62	0.42	0.34
EBIT Less CapEx to Interest Expense	0.83	0.75	1.18	1.05	0.90	0.95	1.84	0.65	0.45	0.36
NOPAT Less CapEx to Interest Expense	0.83	0.74	1.04	0.99	0.82	0.73	1.62	0.62	0.42	0.34
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	69.34%	73.86%	67.12%	65.05%	89.41%	88.25%	60.10%	90.93%	95.03%	139.07%
Augmented Payout Ratio	69.34%	73.86%	67.12%	71.84%	96.87%	99.23%	69.21%	90.93%	104.37%	143.09%

This table displays calculated financial ratios and metrics derived from Arbor Realty Trust's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.68%	10.15%	28.22%	20.09%	31.50%	-4.75%	-11.57%	-11.89%	-11.34%	-19.68%	-16.49%
EBITDA Growth	-15.39%	-12.67%	19.71%	11.18%	29.25%	0.69%	-16.89%	-30.62%	-19.42%	-24.89%	-17.27%
EBIT Growth	-15.06%	-14.22%	18.59%	8.80%	30.08%	-2.33%	-21.43%	-37.04%	-24.71%	-31.99%	-28.72%
NOPAT Growth	-4.21%	-9.83%	18.70%	9.13%	21.91%	-4.47%	-18.34%	-37.50%	-25.58%	-27.64%	-30.15%
Net Income Growth	-8.15%	-15.55%	27.92%	5.92%	20.24%	2.99%	-28.40%	-33.75%	-22.63%	-31.47%	-40.74%
EPS Growth	-29.41%	-29.58%	15.00%	0.00%	13.89%	-6.00%	-32.61%	-39.02%	-24.39%	-34.04%	-48.39%
Operating Cash Flow Growth	106.40%	32.82%	-106.79%	319.16%	22.61%	-73.26%	557.79%	-55.85%	48.83%	-39.51%	-42.09%
Free Cash Flow Firm Growth	-2.69%	74.63%	98.02%	118.74%	136.00%	179.26%	1,087.58%	28.89%	6.71%	54.23%	7.90%
Invested Capital Growth	46.54%	13.09%	1.54%	-8.52%	-10.73%	-8.01%	-9.21%	-12.38%	-13.03%	-13.99%	-11.13%
Revenue Q/Q Growth	-7.15%	47.60%	-8.39%	-4.35%	1.68%	6.90%	-14.95%	-4.70%	2.32%	-3.15%	-11.57%
EBITDA Q/Q Growth	-8.99%	44.73%	-13.45%	-2.47%	5.80%	12.75%	-28.56%	-18.59%	22.89%	5.09%	-21.32%
EBIT Q/Q Growth	-11.19%	51.54%	-17.98%	-1.44%	6.18%	13.78%	-34.02%	-21.02%	26.98%	2.77%	-30.84%
NOPAT Q/Q Growth	-4.90%	43.50%	-21.01%	1.25%	6.22%	12.45%	-32.48%	-22.50%	26.47%	9.35%	-34.83%
Net Income Q/Q Growth	-10.28%	35.01%	-4.20%	-8.72%	1.85%	15.64%	-33.40%	-15.54%	18.94%	2.43%	-42.41%
EPS Q/Q Growth	-12.20%	38.89%	-8.00%	-10.87%	0.00%	14.63%	-34.04%	-19.35%	24.00%	0.00%	-48.39%
Operating Cash Flow Q/Q Growth	164.41%	519.75%	-119.68%	378.96%	-63.96%	35.16%	236.04%	-73.10%	21.49%	-45.06%	222.57%
Free Cash Flow Firm Q/Q Growth	34.27%	66.69%	91.26%	1,079.55%	26.30%	-26.68%	10.97%	27.84%	4.56%	5.98%	-23.84%
Invested Capital Q/Q Growth	1.26%	-4.36%	-2.52%	-3.10%	-1.19%	-1.44%	-3.97%	-6.48%	-1.91%	-2.54%	-0.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	67.59%	66.28%	62.61%	63.84%	66.43%	70.06%	58.85%	50.27%	60.38%	65.52%	58.30%
EBIT Margin	57.45%	58.99%	52.81%	54.42%	56.83%	60.49%	46.92%	38.89%	48.26%	51.21%	40.05%
Profit (Net Income) Margin	58.84%	53.82%	56.28%	53.71%	53.80%	58.20%	45.57%	40.39%	46.95%	49.65%	32.34%
Tax Burden Percent	102.41%	92.30%	106.56%	98.69%	94.66%	96.21%	97.12%	103.85%	97.28%	96.95%	80.73%
Interest Burden Percent	100.00%	98.85%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	-0.48%	3.73%	8.37%	5.87%	5.83%	6.92%	4.76%	6.55%	6.92%	0.97%	6.68%
Return on Invested Capital (ROIC)	2.36%	2.21%	1.98%	2.14%	2.37%	2.53%	2.02%	1.67%	2.03%	2.21%	1.60%
ROIC Less NNEP Spread (ROIC-NNEP)	2.37%	2.17%	2.08%	2.17%	2.37%	2.56%	2.03%	1.72%	2.06%	2.19%	1.53%
Return on Net Nonoperating Assets (RNNOA)	11.33%	9.99%	9.27%	9.62%	10.27%	10.41%	7.82%	6.31%	7.32%	7.59%	5.19%
Return on Equity (ROE)	13.69%	12.20%	11.24%	11.75%	12.64%	12.95%	9.83%	7.98%	9.35%	9.80%	6.78%
Cash Return on Invested Capital (CROIC)	-35.32%	-10.09%	0.69%	11.12%	13.66%	10.70%	11.99%	15.42%	16.02%	16.97%	13.60%
Operating Return on Assets (OROA)	2.31%	2.27%	2.12%	2.22%	2.47%	2.66%	2.07%	1.74%	2.14%	2.18%	1.68%
Return on Assets (ROA)	2.36%	2.08%	2.26%	2.19%	2.33%	2.56%	2.01%	1.81%	2.08%	2.11%	1.35%
Return on Common Equity (ROCE)	10.31%	9.04%	8.33%	8.78%	9.50%	9.80%	7.47%	6.05%	7.11%	7.46%	5.16%
Return on Equity Simple (ROE_SIMPLE)	13.24%	0.00%	12.45%	12.61%	12.80%	0.00%	11.99%	11.13%	10.50%	0.00%	8.45%
Net Operating Profit after Tax (NOPAT)	78	111	88	89	95	106	72	56	70	77	50
NOPAT Margin	57.73%	56.13%	48.39%	51.23%	53.52%	56.30%	44.69%	36.34%	44.92%	50.72%	37.38%
Net Nonoperating Expense Percent (NNEP)	-0.01%	0.04%	-0.11%	-0.03%	0.00%	-0.03%	-0.01%	-0.05%	-0.03%	0.01%	0.06%
SG&A Expenses to Revenue	29.16%	21.57%	24.10%	24.56%	23.37%	20.09%	30.73%	29.01%	29.73%	32.12%	36.90%
Operating Expenses to Revenue	42.55%	41.01%	47.19%	45.58%	43.17%	39.51%	53.08%	61.11%	51.74%	48.79%	59.95%
Earnings before Interest and Taxes (EBIT)	77	117	96	95	100	114	75	60	76	78	54
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	91	131	114	111	117	132	95	77	95	99	78
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.68	0.75	0.72	0.97	1.01	1.02	0.95	1.08	1.22	1.09	0.94
Price to Tangible Book Value (P/TBV)	0.72	0.78	0.75	1.00	1.05	1.06	0.99	1.12	1.27	1.13	0.97
Price to Revenue (P/Rev)	2.49	2.79	2.61	3.35	3.42	3.51	3.36	3.86	4.45	4.20	3.74
Price to Earnings (P/E)	4.95	6.07	5.63	7.41	7.65	7.67	7.74	9.54	11.50	11.70	11.37
Dividend Yield	17.06%	15.29%	20.63%	15.79%	15.31%	15.49%	16.93%	12.37%	11.05%	12.42%	14.64%
Earnings Yield	20.22%	16.49%	17.77%	13.50%	13.08%	13.04%	12.92%	10.49%	8.70%	8.55%	8.80%
Enterprise Value to Invested Capital (EV/IC)	0.89	0.89	0.87	0.92	0.92	0.90	0.89	0.95	0.98	0.97	0.96
Enterprise Value to Revenue (EV/Rev)	25.72	24.02	21.43	20.99	19.57	19.23	18.86	19.22	20.05	20.52	21.20
Enterprise Value to EBITDA (EV/EBITDA)	35.43	35.65	32.40	32.31	30.18	29.22	29.00	31.00	33.17	34.93	36.17
Enterprise Value to EBIT (EV/EBIT)	40.51	41.07	37.45	37.54	35.04	34.22	34.32	37.35	40.69	44.30	47.38
Enterprise Value to NOPAT (EV/NOPAT)	43.32	43.15	39.40	39.47	37.33	36.69	36.49	39.77	43.46	46.47	49.90
Enterprise Value to Operating Cash Flow (EV/OCF)	15.02	13.52	68.53	33.06	31.95	58.78	23.89	28.14	26.86	27.67	35.87
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	126.75	7.87	6.34	8.09	7.09	5.73	5.66	5.27	6.66
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.91	4.43	4.15	3.99	3.81	3.72	3.57	3.34	3.28	3.19	3.19
Long-Term Debt to Equity	4.91	4.43	4.15	3.99	3.81	3.72	3.57	3.34	3.28	3.19	3.19
Financial Leverage	4.77	4.59	4.45	4.43	4.33	4.07	3.86	3.66	3.55	3.46	3.38
Leverage Ratio	5.88	5.71	5.55	5.56	5.43	5.18	4.96	4.78	4.65	4.56	4.47
Compound Leverage Factor	5.88	5.65	5.55	5.56	5.43	5.18	4.96	4.78	4.65	4.56	4.47
Debt to Total Capital	83.07%	81.60%	80.59%	79.96%	79.20%	78.80%	78.10%	76.93%	76.65%	76.13%	76.16%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	83.07%	81.60%	80.59%	79.96%	79.20%	78.80%	78.10%	76.93%	76.65%	76.13%	76.16%
Preferred Equity to Total Capital	3.63%	3.80%	3.89%	4.02%	4.07%	4.13%	4.29%	4.59%	4.68%	4.80%	4.83%
Noncontrolling Interests to Total Capital	0.76%	0.81%	0.84%	0.86%	0.87%	0.89%	0.91%	0.95%	0.96%	0.97%	0.93%
Common Equity to Total Capital	12.53%	13.80%	14.68%	15.16%	15.86%	16.18%	16.69%	17.53%	17.71%	18.10%	18.08%
Debt to EBITDA	33.24	32.65	30.09	28.21	26.06	25.51	25.35	25.23	26.07	27.51	28.63
Net Debt to EBITDA	30.24	29.66	26.69	25.42	23.28	22.27	22.15	22.96	23.89	25.70	27.63
Long-Term Debt to EBITDA	33.24	32.65	30.09	28.21	26.06	25.51	25.35	25.23	26.07	27.51	28.63
Debt to NOPAT	40.65	39.53	36.59	34.46	32.23	32.02	31.90	32.37	34.15	36.60	39.50
Net Debt to NOPAT	36.97	35.91	32.46	31.06	28.80	27.96	27.87	29.46	31.30	34.19	38.12
Long-Term Debt to NOPAT	40.65	39.53	36.59	34.46	32.23	32.02	31.90	32.37	34.15	36.60	39.50
Noncontrolling Interest Sharing Ratio	24.66%	25.91%	25.92%	25.31%	24.80%	24.32%	24.06%	24.19%	23.94%	23.91%	23.95%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-5,465	-1,820	-159	1,558	1,968	1,443	1,571	2,008	2,100	2,225	1,695
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-34.06	-8.77	-0.73	6.86	8.59	6.34	7.22	9.60	10.62	12.36	10.26
Operating Cash Flow to Interest Expense	0.29	1.39	-0.26	0.70	0.25	0.34	1.19	0.33	0.43	0.26	0.91
Operating Cash Flow Less CapEx to Interest Expense	0.29	1.39	-0.26	0.70	0.25	0.34	1.19	0.33	0.43	0.26	0.91
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	17,453	16,691	16,270	15,766	15,580	15,354	14,771	13,814	13,550	13,206	13,127
Invested Capital Turnover	0.04	0.04	0.04	0.04	0.04	0.05	0.05	0.05	0.05	0.04	0.04
Increase / (Decrease) in Invested Capital	5,543	1,931	247	-1,469	-1,873	-1,336	-1,499	-1,952	-2,029	-2,148	-1,645
Enterprise Value (EV)	15,450	14,867	14,120	14,440	14,291	13,864	13,200	13,058	13,217	12,768	12,630
Market Capitalization	1,497	1,728	1,717	2,307	2,497	2,531	2,349	2,621	2,934	2,612	2,227
Book Value per Share	$12.84	$13.43	$13.28	$13.19	$13.25	$13.18	$13.07	$12.84	$12.73	$12.67	$12.53
Tangible Book Value per Share	$12.27	$12.87	$12.75	$12.68	$12.75	$12.69	$12.59	$12.37	$12.26	$12.21	$12.06
Total Capital	17,453	16,691	16,270	15,766	15,580	15,354	14,771	13,814	13,550	13,206	13,127
Total Debt	14,499	13,619	13,113	12,607	12,339	12,100	11,537	10,627	10,387	10,054	9,997
Total Long-Term Debt	14,499	13,619	13,113	12,607	12,339	12,100	11,537	10,627	10,387	10,054	9,997
Net Debt	13,186	12,371	11,633	11,364	11,025	10,563	10,082	9,672	9,519	9,394	9,648
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	-1.49	4.58	-14	-4.31	-0.50	-3.59	-1.42	-6.19	-3.18	1.62	6.76
Net Nonoperating Obligations (NNO)	14,499	13,619	13,113	12,607	12,339	12,100	11,537	10,627	10,387	10,054	9,997
Total Depreciation and Amortization (D&A)	14	14	18	16	17	18	19	17	19	22	24
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.37	$0.50	$0.47	$0.42	$0.42	$0.48	$0.31	$0.25	$0.31	$0.31	$0.16
Adjusted Weighted Average Basic Shares Outstanding	170.23M	165.36M	181.12M	181.82M	187.02M	184.64M	188.71M	188.66M	188.51M	188.70M	190.06M
Adjusted Diluted Earnings per Share	$0.36	$0.50	$0.46	$0.41	$0.41	$0.47	$0.31	$0.25	$0.31	$0.31	$0.16
Adjusted Weighted Average Diluted Shares Outstanding	205.87M	199.11M	214.91M	216.06M	221.33M	218.84M	222.93M	205.49M	205.35M	205.53M	206.86M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	171.52M	179.82M	181.16M	186.50M	188.50M	188.51M	188.51M	188.55M	188.61M	189.51M	192.16M
Normalized Net Operating Profit after Tax (NOPAT)	54	111	88	89	95	106	72	56	70	77	50
Normalized NOPAT Margin	40.22%	56.13%	48.39%	51.23%	53.52%	56.30%	44.69%	36.34%	44.92%	50.72%	37.38%
Pre Tax Income Margin	57.45%	58.31%	52.81%	54.42%	56.83%	60.49%	46.92%	38.89%	48.26%	51.21%	40.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.48	0.56	0.44	0.42	0.44	0.50	0.35	0.28	0.38	0.43	0.33
NOPAT to Interest Expense	0.48	0.54	0.40	0.39	0.41	0.47	0.33	0.27	0.36	0.43	0.30
EBIT Less CapEx to Interest Expense	0.48	0.56	0.44	0.42	0.44	0.50	0.35	0.28	0.38	0.43	0.33
NOPAT Less CapEx to Interest Expense	0.48	0.54	0.40	0.39	0.41	0.47	0.33	0.27	0.36	0.43	0.30
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	80.30%	90.93%	90.44%	93.00%	92.99%	95.03%	104.64%	115.85%	123.86%	139.07%	155.67%
Augmented Payout Ratio	83.23%	90.93%	93.01%	102.81%	102.41%	104.37%	112.12%	119.20%	127.44%	143.09%	155.67%

Financials Breakdown Chart

Key Financial Trends

Arbor Realty Trust (NYSE: ABR) has demonstrated consistent profitability over the past several years, with quarterly net income attributed to common shareholders showing some fluctuations but maintaining overall positive values.

Positive Trends:

Net interest income remains solid, with Q1 2025 at $75.4 million and a peak around $103.6 million in early 2024, indicating stable core earnings from lending and investments.
Total revenue showed some variability but remains robust; Q1 2025 reported $134.2 million, with previous quarters nearing $188.9 million (Q4 2023), reflecting strong interest and non-interest income components.
Amortization and depreciation expenses are stable and consistent, helping in managing tax liabilities effectively.
Arbor's non-interest income streams, including service charges and capital gains, contribute notably to total revenue, providing diversification beyond interest income.
The company maintains a significant mortgage servicing rights asset (over $11 billion in recent quarters), indicating a strong servicing portfolio that enhances cash flow stability.
Strong operating cash flows were reported in most periods, including $150.5 million in Q1 2025, indicating good cash generation from core operations despite market fluctuations.
The company consistently pays dividends to common shareholders, with $0.43 per share in Q1 2025, reflecting confidence in stable cash flow and profitability.
Equity levels remain strong, with total common equity around $2.37 billion in Q1 2025, supporting financial stability and growth capacity.

Neutral Observations:

The weighted average shares outstanding increased modestly over time, moving from approximately 181 million in early 2023 to about 190 million in early 2025, which slightly dilutes EPS but also suggests possible equity raises or share issuance.
Long-term debt remains the major component of liabilities (around $9.99 billion in Q1 2025), consistent with the firm's business model as a real estate finance company reliant on debt financing.
Cash and cash equivalents fluctuated significantly, with Q1 2025 showing $308.8 million compared to $908 million in Q1 2024, reflecting active capital management and investing activities.

Negative Trends and Risks:

Consolidated net income in Q1 2025 dropped to $43.4 million from much higher quarters previously (over $75 million in late 2024 and over $100 million in 2023), indicating some earnings pressure recently.
Total non-interest expenses increased in Q1 2025 to $80.4 million compared to lower expenses in prior quarters (around $74 million in Q4 2024), which may pressure margins if not managed carefully.
Net cash from financing activities was negative $146.5 million in Q1 2025, indicating outflows due to debt repayment, dividend payments, or other financing uses, which may reduce liquidity flexibility.
Provision for loan losses rose to $10.9 million in Q1 2025, up from $7.6 million in Q4 2024 and higher levels in earlier quarters, possibly signaling increased credit risk or conservative provisioning.
The company has a significant amount of long-term debt, close to $10 billion, which carries interest expense pressure (about $165 million in Q1 2025), meaning rising interest rates could adversely impact net interest income.
Total assets have decreased since Q1 2023 ($16.6 billion) to $13.37 billion in Q1 2025, which may suggest downsizing or portfolio repositioning that could affect growth prospects.

In summary, Arbor Realty Trust has a solid core earnings base, supported by diversified income streams and strong operating cash flow. However, recent decreases in net income, increased expenses, and higher loan loss provisions suggest caution. The firm's leverage and sensitivity to interest rates remain key risks. Investors should watch upcoming quarters for signs of stabilization or improvement in earnings and expense control.

10/09/25 02:31 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Arbor Realty Trust's Financials

When does Arbor Realty Trust's financial year end?

According to the most recent income statement we have on file, Arbor Realty Trust's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Arbor Realty Trust's net income changed over the last 9 years?

Arbor Realty Trust's net income appears to be on an upward trend, with a most recent value of $283.92 million in 2024, rising from $53.43 million in 2015. The previous period was $400.56 million in 2023. Check out Arbor Realty Trust's forecast to explore projected trends and price targets.

How has Arbor Realty Trust's revenue changed over the last 9 years?

Over the last 9 years, Arbor Realty Trust's total revenue changed from $112.04 million in 2015 to $622.12 million in 2024, a change of 455.3%.

How much debt does Arbor Realty Trust have?

Arbor Realty Trust's total liabilities were at $10.34 billion at the end of 2024, a 17.2% decrease from 2023, and a 719.1% increase since 2015.

How much cash does Arbor Realty Trust have?

In the past 9 years, Arbor Realty Trust's cash and equivalents has ranged from $104.37 million in 2017 to $928.97 million in 2023, and is currently $503.80 million as of their latest financial filing in 2024.

How has Arbor Realty Trust's book value per share changed over the last 9 years?

Over the last 9 years, Arbor Realty Trust's book value per share changed from 9.34 in 2015 to 12.67 in 2024, a change of 35.8%.

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This page (NYSE:ABR) was last updated on 10/9/2025 by MarketBeat.com Staff

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Arbor Realty Trust (ABR) Financials

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Arbor Realty Trust (ABR) Financials

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