Reported Earnings • Aug 04
Second quarter 2026 earnings released: US$0.14 loss per share (vs US$0.18 profit in 2Q 2025) Second quarter 2026 results: US$0.14 loss per share (down from US$0.18 profit in 2Q 2025). Revenue: US$98.0m (down 25% from 2Q 2025). Net loss: US$27.0m (down 179% from profit in 2Q 2025). Revenue is expected to fall by 49% p.a. on average during the next 2 years compared to a 4.7% decline forecast for the Global Mortgage REITs industry. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Announcement • Aug 01
Arbor Realty Trust, Inc. Declares A Quarterly Cash Dividend, Payable on August 28, 2026 Arbor Realty Trust, Inc. declared a quarterly cash dividend of $0.17 per common share, payable August 28, 2026 to holders of record on August 14, 2026. Announcement • Jul 25
Arbor Realty Trust, Inc. to Report Q2, 2026 Results on Jul 31, 2026 Arbor Realty Trust, Inc. announced that they will report Q2, 2026 results Pre-Market on Jul 31, 2026 New Risk • Jul 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.9% operating cash flow to total debt). Earnings are forecast to decline by an average of 5.8% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (267% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (15% net profit margin). Announcement • Jun 29
Arbor Realty Trust, Inc.(NYSE:ABR) dropped from Russell 2000 Dynamic Index Arbor Realty Trust, Inc.(NYSE:ABR) dropped from Russell 2000 Dynamic Index Declared Dividend • May 20
First quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 22nd May 2026 Payment date: 5th June 2026 Dividend yield will be 19%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (267% earnings payout ratio). However, it is covered by cash flows (66% cash payout ratio). The dividend has increased by an average of 1.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 197% to bring the payout ratio under control. EPS is expected to grow by 24% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Apr 28
Arbor Realty Trust, Inc. to Report Q1, 2026 Results on May 08, 2026 Arbor Realty Trust, Inc. announced that they will report Q1, 2026 results Pre-Market on May 08, 2026 Announcement • Apr 17
Arbor Realty Trust, Inc., Annual General Meeting, May 20, 2026 Arbor Realty Trust, Inc., Annual General Meeting, May 20, 2026. Location: edge.media-server.com/mmc/p/3x7pjdfa, United States Announcement • Mar 02
Arbor Realty Trust, Inc. Reports Unaudited Consolidated Impairment Charges for the Fourth Quarter Ended December 31, 2025 Arbor Realty Trust, Inc. reported unaudited consolidated impairment charges for the fourth quarter ended December 31, 2025. For the period, the company reported impairment loss on real estate owned of $20,500,000. Announcement • Feb 28
Ararbor Realty Trust, Inc. Declares Quarterly Dividend for the Quarter Ended December 31, 2025, Payable on March 24, 2026 Arbor Realty Trust, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of common stock for the quarter ended December 31, 2025. The dividend is payable on March 24, 2026 to common stockholders of record on March 10, 2026. Announcement • Feb 07
Arbor Realty Trust, Inc. to Report Q4, 2025 Results on Feb 27, 2026 Arbor Realty Trust, Inc. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Feb 27, 2026 Announcement • Jan 06
Arbor Realty Trust, Inc. Announces Board Changes On December 29, 2025, Joseph Martello notified Arbor Realty Trust, Inc. (the “Company”) of his decision to retire and resign from the Board of Directors (the "Board") of the Company effective December 31, 2025. Mr. Martello served as a director of the Company since 2003. Mr. Martello's resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practices. The Company thanks Mr. Martello for his dedicated service and significant contributions during his tenure with the Company and wish him well in his future endeavors. On January 5, 2026, the Board has elected Mr. Natalone to serve as a Class II director of the Company to fill the vacancy on the Board created by the resignation of Mr. Martello discussed above. Announcement • Oct 31
Arbor Realty Trust, Inc. Declares Cash Dividend for the Quarter Ended September 30, 2025, Payable on November 26, 2025 Arbor Realty Trust, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per share of common stock for the quarter ended September 30, 2025. The dividend is payable on November 26, 2025 to common stockholders of record on November 14, 2025. Announcement • Oct 25
Arbor Realty Trust, Inc. to Report Q3, 2025 Results on Oct 31, 2025 Arbor Realty Trust, Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 31, 2025 Announcement • Aug 01
Arbor Realty Trust, Inc. Declares Quarterly Cash Dividend for the Quarter Ended June 30, 2025, Payable on August 29, 2025 Arbor Realty Trust, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.30per share of common stock for the quarter ended June 30, 2025. The dividend is payable on August 29, 2025 to common stockholders of record on August 15, 2025. Announcement • Jul 26
Arbor Realty Trust, Inc. to Report Q2, 2025 Results on Aug 01, 2025 Arbor Realty Trust, Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 01, 2025 Announcement • May 02
Arbor Realty Trust, Inc. Declares Cash Dividend for the Quarter Ended March 31, 2025, Payable on May 30, 2025 Arbor Realty Trust, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per share of common stock for the quarter ended March 31, 2025. The dividend is payable on May 30, 2025 to common stockholders of record on May 16, 2025. Announcement • Apr 26
Arbor Realty Trust, Inc. to Report Q1, 2025 Results on May 02, 2025 Arbor Realty Trust, Inc. announced that they will report Q1, 2025 results Pre-Market on May 02, 2025 Announcement • Apr 19
Arbor Realty Trust, Inc., Annual General Meeting, May 21, 2025 Arbor Realty Trust, Inc., Annual General Meeting, May 21, 2025. Announcement • Mar 08
Arbor Realty Trust, Inc. Appoints George James Tsunis as A Class I Director Arbor Realty Trust, Inc. announced on March 6, 2025, the Board of Directors of the company increased the size of the Board from nine to ten members. In connection therewith, the Board appointed George James Tsunis as a Class I director in order to fill the newly created vacancy, effective as of March 6, 2025. Mr. Tsunis previously served as a Class II director of the Company from August 2016 until his resignation in April 2022, which was in connection with his appointment as Ambassador to Greece for the United States of America. There was no arrangement or understanding between Mr. Tsunis and any other person pursuant to which Mr. Tsunis was appointed as a director. Mr. Tsunis was appointed to serve on the Corporate Governance and Compensation Committees. Announcement • Feb 13
Arbor Realty Trust, Inc. to Report Q4, 2024 Results on Feb 21, 2025 Arbor Realty Trust, Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 21, 2025 Board Change • Jan 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Director Carrie Wilkens was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Nov 11
Third quarter dividend of US$0.43 announced Shareholders will receive a dividend of US$0.43. Ex-date: 15th November 2024 Payment date: 27th November 2024 Dividend yield will be 11%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (127% earnings payout ratio). However, it is covered by cash flows (72% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 41% to bring the payout ratio under control. EPS is expected to grow by 14% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$0.31 (vs US$0.42 in 3Q 2023) Third quarter 2024 results: EPS: US$0.31 (down from US$0.42 in 3Q 2023). Revenue: US$140.4m (down 20% from 3Q 2023). Net income: US$58.2m (down 25% from 3Q 2023). Profit margin: 41% (down from 44% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 28% p.a. on average during the next 3 years, while revenues in the Global Mortgage REITs industry are expected to grow by 30%. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Oct 26
Arbor Realty Trust, Inc. to Report Q3, 2024 Results on Nov 01, 2024 Arbor Realty Trust, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 01, 2024 Declared Dividend • Aug 05
Second quarter dividend of US$0.43 announced Shareholders will receive a dividend of US$0.43. Ex-date: 16th August 2024 Payment date: 30th August 2024 Dividend yield will be 14%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (118% earnings payout ratio). However, it is covered by cash flows (64% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 31% to bring the payout ratio under control. EPS is expected to grow by 3.4% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Aug 04
Second quarter 2024 earnings released: EPS: US$0.25 (vs US$0.42 in 2Q 2023) Second quarter 2024 results: EPS: US$0.25 (down from US$0.42 in 2Q 2023). Revenue: US$123.5m (down 31% from 2Q 2023). Net income: US$47.4m (down 38% from 2Q 2023). Profit margin: 38% (down from 43% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 37% p.a. on average during the next 2 years, while revenues in the Global Mortgage REITs industry are expected to grow by 43%. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Aug 02
The Schall Law Firm Files Lawsuit Against Arbor Realty Trust, Inc The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Arbor Realty Trust, Inc. for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company’s securities between May 7, 2021 through July 11, 2024, inclusive (the Class Period), are encouraged to contact the firm before September 30, 2024. According to the Complaint, the Company made false and misleading statements to the market. Arbor Realty misrepresented its financial health, including net interest income and its balance sheet loan book. The Company provided this information in its quarterly and annual reports filed with the SEC, but on July 12, 2024, it was revealed that it is the subject of an FBI investigation into its claims of loan performance. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Arbor Realty, investors suffered damages. Announcement • Jul 29
Arbor Realty Trust, Inc. to Report Q2, 2024 Results on Aug 02, 2024 Arbor Realty Trust, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 02, 2024 New Risk • Jul 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (4.8% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (106% payout ratio). Share price has been volatile over the past 3 months (7.9% average weekly change). Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €11.19, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Mortgage REITs industry globally. Total returns to shareholders of 6.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €20.22 per share. New Risk • Jul 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (4.8% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (106% payout ratio). Shareholders have been diluted in the past year (3.7% increase in shares outstanding). New Risk • Jun 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (4.8% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (106% payout ratio). Shareholders have been diluted in the past year (3.7% increase in shares outstanding). New Risk • Jun 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.8% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (106% payout ratio). Shareholders have been diluted in the past year (3.7% increase in shares outstanding). New Risk • Jun 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.8% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (106% payout ratio). Shareholders have been diluted in the past year (3.7% increase in shares outstanding). New Risk • Jun 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.8% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (106% payout ratio). Shareholders have been diluted in the past year (3.7% increase in shares outstanding). New Risk • Jun 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.8% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (106% payout ratio). Shareholders have been diluted in the past year (3.7% increase in shares outstanding). New Risk • May 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.8% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (106% payout ratio). Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Declared Dividend • May 06
First quarter dividend of US$0.43 announced Shareholders will receive a dividend of US$0.43. Ex-date: 16th May 2024 Payment date: 31st May 2024 Dividend yield will be 14%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio). However, it is covered by cash flows (64% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. However, EPS is expected to decline by 4.8% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. New Risk • May 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.04% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.8% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.04% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (106% payout ratio). Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$0.31 (vs US$0.47 in 1Q 2023) First quarter 2024 results: EPS: US$0.31 (down from US$0.47 in 1Q 2023). Revenue: US$141.5m (down 20% from 1Q 2023). Net income: US$57.9m (down 31% from 1Q 2023). Profit margin: 41% (down from 48% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 38% p.a. on average during the next 2 years, while revenues in the Global Mortgage REITs industry are expected to grow by 31%. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Apr 29
Arbor Realty Trust, Inc. to Report Q1, 2024 Results on May 03, 2024 Arbor Realty Trust, Inc. announced that they will report Q1, 2024 results Pre-Market on May 03, 2024 New Risk • Apr 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.0% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Cash payout ratio: 150% Earnings are forecast to decline by an average of 4.7% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Announcement • Apr 21
Arbor Realty Trust, Inc., Annual General Meeting, May 22, 2024 Arbor Realty Trust, Inc., Annual General Meeting, May 22, 2024, at 11:00 US Eastern Standard Time. Agenda: To elect Class II director, to serve until the 2026 annual meeting of stockholders and until her successor is duly elected and qualified, and three Class III directors, each to serve until the 2027 annual meeting of stockholders and until their respective successors are duly elected and qualified; to consider proposal to amend and restate our Stock Incentive Plan to authorize the issuance of an additional 5,000,000 shares of common stock as grants of restricted stock, restricted stock units or underlying stock options under the Stock Incentive Plan and to extend the term of the plan until May 22, 2034; to ratify of the appointment of Ernst & Young LLP as our independent registered public accounting firm for 2024; and to consider other matters of business. New Risk • Mar 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.0% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Cash payout ratio: 149% Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (4.4% increase in shares outstanding). New Risk • Mar 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.0% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Cash payout ratio: 149% Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (4.4% increase in shares outstanding). Declared Dividend • Feb 26
Fourth quarter dividend of US$0.43 announced Shareholders will receive a dividend of US$0.43. Ex-date: 1st March 2024 Payment date: 15th March 2024 Dividend yield will be 13%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio) nor is it covered by cash flows (149% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 6.3% to bring the payout ratio under control. However, EPS is expected to decline by 11% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. New Risk • Feb 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.7% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (96% payout ratio). Shareholders have been diluted in the past year (4.4% increase in shares outstanding). Reported Earnings • Feb 17
Full year 2023 earnings released: EPS: US$1.79 (vs US$1.72 in FY 2022) Full year 2023 results: EPS: US$1.79 (up from US$1.72 in FY 2022). Revenue: US$647.6m (down 1.0% from FY 2022). Net income: US$330.1m (up 16% from FY 2022). Profit margin: 51% (up from 44% in FY 2022). Revenue is expected to decline by 25% p.a. on average during the next 2 years, while revenues in the Global Mortgage REITs industry are expected to grow by 37%. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. New Risk • Feb 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (93% payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Announcement • Feb 07
Arbor Realty Trust, Inc. to Report Q4, 2023 Results on Feb 16, 2024 Arbor Realty Trust, Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 16, 2024 New Risk • Jan 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (93% payout ratio). Shareholders have been diluted in the past year (9.0% increase in shares outstanding). New Risk • Jan 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (93% payout ratio). Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Buying Opportunity • Dec 21
Now 22% undervalued Over the last 90 days, the stock is up 1.7%. The fair value is estimated to be €18.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years, while earnings per share has been flat. Revenue is forecast to decline by 42% in 2 years. Earnings is forecast to decline by 0.5% in the next 2 years. New Risk • Dec 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (93% payout ratio). Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €12.79, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Mortgage REITs industry globally. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.85 per share. Recent Insider Transactions • Nov 25
Chairman recently bought €390k worth of stock On the 24th of November, Ivan Kaufman bought around 35k shares on-market at roughly €11.14 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Ivan has been a buyer over the last 12 months, purchasing a net total of €785k worth in shares. Upcoming Dividend • Nov 09
Upcoming dividend of US$0.43 per share at 13% yield Eligible shareholders must have bought the stock before 16 November 2023. Payment date: 30 November 2023. Trailing yield: 13%. Within top quartile of German dividend payers (5.1%). In line with average of industry peers (13%). New Risk • Nov 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (93% payout ratio). Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Announcement • Nov 02
Arbor Realty Trust, Inc. Appoints Carrie Wilkens as Class II Director and on the Corporate Governance and Compensation Committees On October 25, 2023, the Board of Directors of Arbor Realty Trust, Inc. increased the size of the Board from eight (8) to nine (9) members. In connection therewith, the Board appointed Carrie Wilkens as a Class II director in order to fill the newly created vacancy, effective as of October 25, 2023. There was no arrangement or understanding between Ms. Wilkens and any other person pursuant to which Ms. Wilkens was appointed as a director. Ms. Wilkens was appointed to serve on the Corporate Governance and Compensation Committees. New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (93% payout ratio). Shareholders have been diluted in the past year (9.8% increase in shares outstanding). Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$0.42 (vs US$0.37 in 3Q 2022) Third quarter 2023 results: EPS: US$0.42 (up from US$0.37 in 3Q 2022). Revenue: US$158.0m (up 7.2% from 3Q 2022). Net income: US$77.9m (up 24% from 3Q 2022). Profit margin: 49% (up from 43% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 24% p.a. on average during the next 3 years, while revenues in the Global Mortgage REITs industry are expected to grow by 38%. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year. Announcement • Oct 21
Arbor Realty Trust, Inc. to Report Q3, 2023 Results on Oct 27, 2023 Arbor Realty Trust, Inc. announced that they will report Q3, 2023 results Pre-Market on Oct 27, 2023 Upcoming Dividend • Aug 07
Upcoming dividend of US$0.43 per share at 10% yield Eligible shareholders must have bought the stock before 14 August 2023. Payment date: 31 August 2023. Trailing yield: 10%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (12%). Reported Earnings • Jul 30
Second quarter 2023 earnings released: EPS: US$0.42 (vs US$0.43 in 2Q 2022) Second quarter 2023 results: EPS: US$0.42. Revenue: US$178.1m (up 17% from 2Q 2022). Net income: US$76.2m (up 8.9% from 2Q 2022). Profit margin: 43% (down from 46% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 31% p.a. on average during the next 3 years, while revenues in the Global Mortgage REITs industry are expected to grow by 50%. Announcement • Jul 29
Arbor Realty Trust, Inc. Declares a Quarterly Cash Dividend, Payable on August 31, 2023 Arbor Realty Trust, Inc. declared a quarterly cash dividend of USD 0.43 per share on common stock for the quarter ended June 30, 2023. The dividend is payable on August 31, 2023 to common stockholders of record on August 15, 2023. The ex-dividend date is August 14, 2023. Announcement • Jul 24
Arbor Realty Trust, Inc. to Report Q2, 2023 Results on Jul 28, 2023 Arbor Realty Trust, Inc. announced that they will report Q2, 2023 results Pre-Market on Jul 28, 2023 Recent Insider Transactions • Jun 03
Lead Independent Director recently bought €105k worth of stock On the 1st of June, William Green bought around 9k shares on-market at roughly €11.94 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €163k. Insiders have collectively bought €575k more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 12
Chairman recently bought €163k worth of stock On the 8th of May, Ivan Kaufman bought around 15k shares on-market at roughly €10.88 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Ivan has been a buyer over the last 12 months, purchasing a net total of €279k worth in shares. Upcoming Dividend • May 11
Upcoming dividend of US$0.42 per share at 14% yield Eligible shareholders must have bought the stock before 18 May 2023. Payment date: 31 May 2023. Trailing yield: 14%. Within top quartile of German dividend payers (4.6%). In line with average of industry peers (14%). Announcement • May 06
Arbor Realty Trust, Inc. Declares Dividend for the Quarter Ended March 31, 2023, Payable on May 31, 2023 Arbor Realty Trust, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.42 per share of common stock for the quarter ended March 31, 2023. The dividend is payable on May 31, 2023 to common stockholders of record on May 19, 2023. The ex-dividend date is May 18, 2023. Reported Earnings • May 06
First quarter 2023 earnings released: EPS: US$0.47 (vs US$0.42 in 1Q 2022) First quarter 2023 results: EPS: US$0.47 (up from US$0.42 in 1Q 2022). Revenue: US$159.2m (up 30% from 1Q 2022). Net income: US$84.3m (up 32% from 1Q 2022). Profit margin: 53% (in line with 1Q 2022). Revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Global Mortgage REITs industry are expected to grow by 48%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Director Caryn Effron was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Apr 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be €11.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to decline by 19% per annum. Earnings is forecast to grow by 2.8% per annum over the same time period. Recent Insider Transactions • Mar 16
Lead Independent Director recently bought €51k worth of stock On the 13th of March, William Green bought around 4k shares on-market at roughly €12.06 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €230k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €12.05, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Mortgage REITs industry globally. Total returns to shareholders of 206% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €23.61 per share. Announcement • Feb 18
Arbor Realty Trust, Inc. Declares Quarterly Cash Dividend for the fourth quarter Ended December 31, 2022, Payable on March 17, 2023 Arbor Realty Trust, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.40 per share of common stock for the quarter ended December 31, 2022. The dividend is payable on March 17, 2023 to common stockholders of record on March 3, 2023. The ex-dividend date is March 2, 2023. Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: US$1.72 (vs US$2.30 in FY 2021) Full year 2022 results: EPS: US$1.72 (down from US$2.30 in FY 2021). Revenue: US$597.9m (down 9.6% from FY 2021). Net income: US$284.8m (down 10% from FY 2021). Profit margin: 48% (in line with FY 2021). Revenue is expected to decline by 16% p.a. on average during the next 3 years, while revenues in the Global Mortgage REITs industry are expected to grow by 30%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Feb 07
Arbor Realty Trust, Inc. to Report Q4, 2022 Results on Feb 17, 2023 Arbor Realty Trust, Inc. announced that they will report Q4, 2022 results Pre-Market on Feb 17, 2023 Upcoming Dividend • Nov 10
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 17 November 2022. Payment date: 30 November 2022. Trailing yield: 11%. Within top quartile of German dividend payers (5.0%). Lower than average of industry peers (13%). Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: US$0.37 (vs US$0.51 in 3Q 2021) Third quarter 2022 results: EPS: US$0.37 (down from US$0.51 in 3Q 2021). Revenue: US$132.1m (down 15% from 3Q 2021). Net income: US$62.7m (down 14% from 3Q 2021). Profit margin: 48% (in line with 3Q 2021). Revenue is expected to decline by 4.0% p.a. on average during the next 3 years, while revenues in the Global Mortgage REITs industry are expected to grow by 14%. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Sep 14
Lead Independent Director recently bought €140k worth of stock On the 12th of September, William Green bought around 9k shares on-market at roughly €15.16 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €259k more in shares than they have sold in the last 12 months. Upcoming Dividend • Aug 05
Upcoming dividend of US$0.39 per share Eligible shareholders must have bought the stock before 12 August 2022. Payment date: 31 August 2022. Trailing yield: 10.0%. Within top quartile of German dividend payers (4.5%). In line with average of industry peers (11%). Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: US$0.43 (vs US$0.51 in 2Q 2021) Second quarter 2022 results: EPS: US$0.43. Revenue: US$139.6m (down 27% from 2Q 2021). Net income: US$69.9m (up 1.1% from 2Q 2021). Profit margin: 50% (up from 36% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 44% compared to a 2.3% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €11.76, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Mortgage REITs industry globally. Total returns to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.02 per share. Upcoming Dividend • May 12
Upcoming dividend of US$0.38 per share Eligible shareholders must have bought the stock before 19 May 2022. Payment date: 31 May 2022. Trailing yield: 9.2%. Within top quartile of German dividend payers (4.2%). Lower than average of industry peers (11%). Reported Earnings • May 07
First quarter 2022 earnings released: EPS: US$0.42 (vs US$0.56 in 1Q 2021) First quarter 2022 results: EPS: US$0.42 (down from US$0.56 in 1Q 2021). Revenue: US$140.7m (up 22% from 1Q 2021). Net income: US$64.1m (down 7.8% from 1Q 2021). Profit margin: 46% (down from 60% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 48% compared to a 5.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.2%. The fair value is estimated to be US$19.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% per annum over the last 3 years. Earnings per share has grown by 26% per annum over the last 3 years. Upcoming Dividend • Feb 24
Upcoming dividend of US$0.37 per share Eligible shareholders must have bought the stock before 03 March 2022. Payment date: 18 March 2022. Trailing yield: 8.5%. Within top quartile of German dividend payers (3.4%). Lower than average of industry peers (10.0%). Reported Earnings • Feb 20
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$2.30 (up from US$1.44 in FY 2020). Revenue: US$661.5m (up 55% from FY 2020). Net income: US$317.4m (up 94% from FY 2020). Profit margin: 48% (up from 38% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 52% compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 05
Upcoming dividend of US$0.36 per share Eligible shareholders must have bought the stock before 12 November 2021. Payment date: 30 November 2021. Trailing yield: 7.3%. Within top quartile of German dividend payers (3.2%). Lower than average of industry peers (8.3%). Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS US$0.51 (vs US$0.72 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$143.3m (up 1.1% from 3Q 2020). Net income: US$72.8m (down 11% from 3Q 2020). Profit margin: 51% (down from 58% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 18% per year. Upcoming Dividend • Aug 06
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 13 August 2021. Payment date: 31 August 2021. Trailing yield: 7.6%. Within top quartile of German dividend payers (3.2%). Lower than average of industry peers (8.5%). Recent Insider Transactions • Aug 04
Lead Independent Director recently bought €62k worth of stock On the 3rd of August, William Green bought around 4k shares on-market at roughly €15.04 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €112k more in shares than they have sold in the last 12 months. Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Ken Bacon was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS US$0.51 (vs US$0.40 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$147.8m (up 36% from 2Q 2020). Net income: US$69.1m (up 57% from 2Q 2020). Profit margin: 47% (up from 41% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • May 11
First quarter 2021 earnings released: EPS US$0.56 (vs US$0.54 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and profit margins, although earnings were improved. First quarter 2021 results: Revenue: US$144.2m (down 16,262% from 1Q 2020). Net income: US$69.5m (up US$128.8m from 1Q 2020). Profit margin: 48% (down from 6,649% in 1Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 08
Arbor Realty Trust, Inc. Declares Quarterly Cash Dividend Payable on June 1, 2021 Arbor Realty Trust, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.34 per share of common stock for the quarter ended March 31, 2021, representing a 13.3% increase from a year ago. The dividend is payable on June 1, 2021 to common stockholders of record on May 21, 2021. The ex-dividend date is May 20, 2021. 
