NYSE:ABR

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Executive Summary

Arbor Realty Trust, Inc. invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets.


Snowflake Analysis

Fair value with moderate growth potential.


Similar Companies

Share Price & News

How has Arbor Realty Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ABR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.8%

ABR

0.5%

US Mortgage REITs

3.0%

US Market


1 Year Return

-32.2%

ABR

-45.1%

US Mortgage REITs

9.9%

US Market

Return vs Industry: ABR exceeded the US Mortgage REITs industry which returned -45.1% over the past year.

Return vs Market: ABR underperformed the US Market which returned 9.9% over the past year.


Shareholder returns

ABRIndustryMarket
7 Day6.8%0.5%3.0%
30 Day26.2%4.3%8.2%
90 Day-33.3%-47.4%0.4%
1 Year-27.6%-32.2%-38.6%-45.1%12.4%9.9%
3 Year33.6%2.8%-31.3%-51.2%31.0%22.3%
5 Year90.0%22.5%-10.4%-49.4%58.1%40.3%

Price Volatility Vs. Market

How volatile is Arbor Realty Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Arbor Realty Trust undervalued compared to its fair value and its price relative to the market?

22.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ABR ($8.43) is trading below our estimate of fair value ($10.9)

Significantly Below Fair Value: ABR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ABR is poor value based on its PE Ratio (21.4x) compared to the Mortgage REITs industry average (10.1x).

PE vs Market: ABR is poor value based on its PE Ratio (21.4x) compared to the US market (15.7x).


Price to Earnings Growth Ratio

PEG Ratio: ABR is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: ABR is overvalued based on its PB Ratio (0.9x) compared to the US Mortgage REITs industry average (0.6x).


Next Steps

Future Growth

How is Arbor Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

63.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ABR's forecast earnings growth (63.4% per year) is above the savings rate (2.2%).

Earnings vs Market: ABR's earnings (63.4% per year) are forecast to grow faster than the US market (22% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ABR's revenue is expected to decline over the next 3 years (-19.2% per year).

High Growth Revenue: ABR's revenue is forecast to decline over the next 3 years (-19.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ABR's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Arbor Realty Trust performed over the past 5 years?

14.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ABR has a large one-off loss of $33.2M impacting its March 31 2020 financial results.

Growing Profit Margin: ABR's current net profit margins (12.4%) are lower than last year (27.9%).


Past Earnings Growth Analysis

Earnings Trend: ABR's earnings have grown by 14.6% per year over the past 5 years.

Accelerating Growth: ABR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ABR had negative earnings growth (-62.7%) over the past year, making it difficult to compare to the Mortgage REITs industry average (-42.8%).


Return on Equity

High ROE: ABR's Return on Equity (4.6%) is considered low.


Next Steps

Financial Health

How is Arbor Realty Trust's financial position?


Financial Position Analysis

Short Term Liabilities: ABR's short term assets ($5.9B) exceed its short term liabilities ($595.7M).

Long Term Liabilities: ABR's short term assets ($5.9B) exceed its long term liabilities ($5.1B).


Debt to Equity History and Analysis

Debt Level: ABR's debt to equity ratio (449.6%) is considered high.

Reducing Debt: ABR's debt to equity ratio has increased from 237.8% to 449.6% over the past 5 years.

Debt Coverage: ABR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if ABR's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Arbor Realty Trust's current dividend yield, its reliability and sustainability?

14.23%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: ABR's dividend (14.23%) is higher than the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: ABR's dividend (14.23%) is in the top 25% of dividend payers in the US market (4.54%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ABR has been paying a dividend for less than 10 years.

Growing Dividend: ABR's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (302%), ABR's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ABR's dividends in 3 years are not forecast to be well covered by earnings (111% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.2yrs

Average management tenure


CEO

Ivan Kaufman (58yo)

17yrs

Tenure

US$8,943,719

Compensation

Mr. Ivan Paul Kaufman, J.D., is the Founder of Arbor Realty Trust, Inc. and has been its Chief Executive Officer and President since June 2003. Mr. Kaufman Founded Arbor Realty Trust, Inc. He is the Founde ...


CEO Compensation Analysis

Compensation vs Market: Ivan's total compensation ($USD8.94M) is above average for companies of similar size in the US market ($USD3.20M).

Compensation vs Earnings: Ivan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Ivan Kaufman
Chairman17yrsUS$8.94m0.93% $10.2m
Paul Elenio
Executive VP & Chief Financial Officer14.75yrsUS$1.90m0.37% $4.0m
John Caulfield
Executive VP of Agency Lending & COO1.42yrsUS$1.80m0.13% $1.4m
Fredric Weber
Executive VP and MD of Structured Finance & Principal Transactions17yrsUS$1.70m0.43% $4.7m
Gene Kilgore
Executive Vice President of Structured Securitization15.67yrsUS$1.80m0.37% $4.1m
Steven Katz
Chief Investment Officer & Executive VP of Residential Financing1.33yrsno data0.10% $1.1m
Thomas Ridings
Chief Accounting Officerno datano data0.091% $1.0m
Howard Leiner
Executive VP & CTO1.5yrsno datano data
Lee Roth
Senior Vice Presidentno datano datano data
John Bishar
General Counsel3.58yrsUS$1.17m0.098% $1.1m

9.2yrs

Average Tenure

52yo

Average Age

Experienced Management: ABR's management team is seasoned and experienced (9.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ivan Kaufman
Chairman17yrsUS$8.94m0.93% $10.2m
Kenneth Bacon
Independent Director0.17yrno data0.015% $163.0k
Archie Dykes
Independent Director14.17yrsUS$186.24k0.13% $1.4m
Melvin Lazar
Independent Director8.5yrsUS$206.24k0.20% $2.2m
Joseph Martello
Director17yrsUS$75.00k0.11% $1.2m
Edward Farrell
Independent Director2yrsUS$184.99k0.019% $211.8k
William Green
Lead Independent Director7.25yrsUS$256.24k0.10% $1.1m
George Tsunis
Independent Director3.83yrsUS$206.24k0.049% $537.2k
Elliot Schwartz
Independent Director2yrsUS$183.74k0.030% $334.2k

7.3yrs

Average Tenure

58yo

Average Age

Experienced Board: ABR's board of directors are considered experienced (7.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ABR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13%.


Top Shareholders

Company Information

Arbor Realty Trust, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Arbor Realty Trust, Inc.
  • Ticker: ABR
  • Exchange: NYSE
  • Founded: 2003
  • Industry: Mortgage REITs
  • Sector: Diversified Financials
  • Implied Market Cap: US$1.100b
  • Market Cap: US$928.317m
  • Shares outstanding: 130.62m
  • Website: https://www.arbor.com

Number of Employees


Location

  • Arbor Realty Trust, Inc.
  • 333 Earle Ovington Boulevard
  • Suite 900
  • Uniondale
  • New York
  • 11553
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ABRNYSE (New York Stock Exchange)YesCommon StockUSUSDApr 2004
OWQDB (Deutsche Boerse AG)YesCommon StockDEEURApr 2004
ABR.PRANYSE (New York Stock Exchange)PFD SER A %USUSDFeb 2013
ABR.PRBNYSE (New York Stock Exchange)CUM RED PFD BUSUSDMay 2013
ABR.PRCNYSE (New York Stock Exchange)CUM RED PFD SR CUSUSDFeb 2014

Biography

Arbor Realty Trust, Inc. invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets. The company operates in two segments, Structured Business and Agency Business. It primarily invests in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related notes and various mortgage-related securities. The company offers bridge financing products to borrowers who seek short-term capital to be used in an acquisition of property; financing by making preferred equity investments in entities that directly or indirectly own real property; mezzanine financing in the form of loans that are subordinate to a conventional first mortgage loan and senior to the borrower's equity in a transaction; and junior participation financing in the form of a junior participating interest in the senior debt. In addition, it underwrites, originates, sells, and services multifamily mortgage loans through conduit/commercial mortgage-backed securities programs. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2003 and is headquartered in Uniondale, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/01 03:20
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.