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Arbor Realty Trust

NYSE:ABR
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ABR
NYSE
$1B
Imp Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Arbor Realty Trust, Inc. invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The last earnings update was 33 days ago. More info.


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ABR Share Price and Events
7 Day Returns
-0.5%
NYSE:ABR
0.1%
US Mortgage REITs
1.2%
US Market
1 Year Returns
43.2%
NYSE:ABR
0.3%
US Mortgage REITs
3%
US Market
ABR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Arbor Realty Trust (ABR) -0.5% 3.4% 25.9% 43.2% 88.4% 90.7%
US Mortgage REITs 0.1% 0.6% 6.8% 0.3% 12.1% -6.7%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • ABR outperformed the Mortgage REITs industry which returned 0.3% over the past year.
  • ABR outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
ABR
Industry
5yr Volatility vs Market

Value

 Is Arbor Realty Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Arbor Realty Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Arbor Realty Trust.

NYSE:ABR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= $9.58 * 13.4%
$1.28
Book Value of Equity per Share Median Book Value from the past 5 years. $9.58
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:ABR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Mortgage REITs Unlevered Beta Simply Wall St/ S&P Global 0.29
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.292 (1 + (1- 21%) (249.94%))
0.912
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.912 * 5.96%)
8.16%

Discounted Cash Flow Calculation for NYSE:ABR using Excess Returns Model Model

The calculations below outline how an intrinsic value for Arbor Realty Trust is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:ABR Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (13.4% – 8.16%) * $9.58)
$0.50
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.50 / (8.16% - 2.73%)
$9.21
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $9.58 + $9.21
$18.78
NYSE:ABR Discount to Share Price
Calculation Result
Value per share (USD) From above. $18.78
Current discount Discount to share price of $12.72
= -1 x ($12.72 - $18.78) / $18.78
32.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Arbor Realty Trust is available for.
Intrinsic value
32%
Share price is $12.72 vs Future cash flow value of $18.78
Current Discount Checks
For Arbor Realty Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Arbor Realty Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Arbor Realty Trust's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Arbor Realty Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Arbor Realty Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:ABR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.54
NYSE:ABR Share Price ** NYSE (2019-03-20) in USD $12.72
United States of America Mortgage REITs Industry PE Ratio Median Figure of 22 Publicly-Listed Mortgage REITs Companies 11.5x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Arbor Realty Trust.

NYSE:ABR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ABR Share Price ÷ EPS (both in USD)

= 12.72 ÷ 1.54

8.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Arbor Realty Trust is good value based on earnings compared to the US Mortgage REITs industry average.
  • Arbor Realty Trust is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Arbor Realty Trust's expected growth come at a high price?
Raw Data
NYSE:ABR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
5%per year
United States of America Mortgage REITs Industry PEG Ratio Median Figure of 20 Publicly-Listed Mortgage REITs Companies 1.08x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NYSE:ABR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.25x ÷ 5%

1.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Arbor Realty Trust is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Arbor Realty Trust's assets?
Raw Data
NYSE:ABR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $9.59
NYSE:ABR Share Price * NYSE (2019-03-20) in USD $12.72
United States of America Mortgage REITs Industry PB Ratio Median Figure of 37 Publicly-Listed Mortgage REITs Companies 0.98x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NYSE:ABR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ABR Share Price ÷ Book Value per Share (both in USD)

= 12.72 ÷ 9.59

1.33x

* Primary Listing of Arbor Realty Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Arbor Realty Trust is overvalued based on assets compared to the US Mortgage REITs industry average.
X
Value checks
We assess Arbor Realty Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage REITs industry average (and greater than 0)? (1 check)
  5. Arbor Realty Trust has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Arbor Realty Trust expected to grow at an attractive rate?
  • Arbor Realty Trust's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Arbor Realty Trust's earnings growth is positive but not above the United States of America market average.
  • Arbor Realty Trust's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:ABR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:ABR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 5%
NYSE:ABR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -64.7%
United States of America Mortgage REITs Industry Earnings Growth Rate Market Cap Weighted Average 30.6%
United States of America Mortgage REITs Industry Revenue Growth Rate Market Cap Weighted Average 25.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:ABR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:ABR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31 128 120 4
2019-12-31 120 111 4
NYSE:ABR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 396 -38 108
2018-09-30 357 -122 93
2018-06-30 339 173 82
2018-03-31 330 409 76
2017-12-31 320 460 66
2017-09-30 312 41 64
2017-06-30 292 91 59
2017-03-31 233 -129 57
2016-12-31 171 -199 43
2016-09-30 107 150 27
2016-06-30 72 35 32
2016-03-31 86 38 32

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Arbor Realty Trust's earnings are expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
  • Arbor Realty Trust's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:ABR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Arbor Realty Trust Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ABR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 1.33 1.50 1.13 5.00
2019-12-31 1.26 1.44 1.09 5.00
NYSE:ABR Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.54
2018-09-30 1.41
2018-06-30 1.30
2018-03-31 1.26
2017-12-31 1.14
2017-09-30 1.17
2017-06-30 1.12
2017-03-31 1.11
2016-12-31 0.83
2016-09-30 0.53
2016-06-30 0.62
2016-03-31 0.63

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Arbor Realty Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Arbor Realty Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Arbor Realty Trust has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Arbor Realty Trust's growth in the last year to its industry (Mortgage REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Arbor Realty Trust's year on year earnings growth rate has been positive over the past 5 years.
  • Arbor Realty Trust's 1-year earnings growth exceeds its 5-year average (64.5% vs 14.2%)
  • Arbor Realty Trust's earnings growth has exceeded the US Mortgage REITs industry average in the past year (64.5% vs 17.8%).
Earnings and Revenue History
Arbor Realty Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Arbor Realty Trust Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ABR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 395.91 108.31 115.87
2018-09-30 356.77 92.96 109.35
2018-06-30 339.01 81.65 106.77
2018-03-31 329.72 76.41 104.45
2017-12-31 320.08 65.84 103.50
2017-09-30 311.77 64.50 93.05
2017-06-30 292.25 58.97 85.40
2017-03-31 233.13 57.28 68.06
2016-12-31 171.43 42.80 51.25
2016-09-30 107.31 27.28 37.92
2016-06-30 71.57 31.74 27.98
2016-03-31 86.12 32.00 28.46
2015-12-31 88.40 45.88 28.40
2015-09-30 90.57 45.90 28.11
2015-06-30 94.42 93.96 26.60
2015-03-31 89.89 94.93 25.01
2014-12-31 93.41 85.79 23.88
2014-09-30 94.88 84.11 23.47
2014-06-30 91.56 24.37 23.18
2014-03-31 89.84 15.80 22.89
2013-12-31 85.10 16.67 22.94
2013-09-30 78.02 12.67 22.95
2013-06-30 69.53 11.15 21.96
2013-03-31 55.94 22.83 21.07
2012-12-31 47.64 16.17 20.17
2012-09-30 22.41 -9.73 21.42
2012-06-30 13.38 -13.95 20.99
2012-03-31 7.20 -37.75 20.44

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Arbor Realty Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Arbor Realty Trust used its assets more efficiently than the US Mortgage REITs industry average last year based on Return on Assets.
  • Unable to establish if Arbor Realty Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Arbor Realty Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Arbor Realty Trust has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Arbor Realty Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Arbor Realty Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Arbor Realty Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Arbor Realty Trust's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Arbor Realty Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Arbor Realty Trust Company Filings, last reported 2 months ago.

NYSE:ABR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,065.57 3,394.26 166.18
2018-09-30 966.47 3,436.28 93.52
2018-06-30 943.51 3,145.62 109.09
2018-03-31 887.87 2,750.66 105.31
2017-12-31 864.56 2,632.37 105.06
2017-09-30 845.74 2,079.68 85.24
2017-06-30 837.98 1,979.33 82.93
2017-03-31 759.67 2,039.75 106.13
2016-12-31 747.04 2,101.44 144.26
2016-09-30 725.43 1,792.76 71.61
2016-06-30 565.67 1,306.38 160.18
2016-03-31 561.35 1,240.49 145.13
2015-12-31 565.09 1,212.49 188.71
2015-09-30 565.66 1,234.05 115.62
2015-06-30 556.22 1,233.91 130.08
2015-03-31 550.93 1,311.92 105.46
2014-12-31 535.46 1,283.84 50.42
2014-09-30 534.17 1,320.39 72.88
2014-06-30 476.59 1,312.01 47.82
2014-03-31 467.89 1,306.72 35.64
2013-12-31 437.60 1,312.91 66.79
2013-09-30 437.75 1,410.51 78.60
2013-06-30 397.22 1,421.28 66.23
2013-03-31 363.39 1,383.50 88.32
2012-12-31 231.26 1,355.40 40.12
2012-09-30 212.32 1,338.41 45.73
2012-06-30 212.39 1,361.50 67.99
2012-03-31 180.58 1,418.79 54.64
  • Arbor Realty Trust's level of debt (318.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (299.8% vs 318.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Arbor Realty Trust's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Arbor Realty Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Arbor Realty Trust has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.49%
Current annual income from Arbor Realty Trust dividends. Estimated to be 8.87% next year.
If you bought $2,000 of Arbor Realty Trust shares you are expected to receive $170 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Arbor Realty Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Arbor Realty Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:ABR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Mortgage REITs Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 10.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:ABR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.16 1.00
2020-12-31 1.14 6.00
2019-12-31 1.11 6.00
NYSE:ABR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-15 1.080 8.416
2018-11-02 1.080 9.404
2018-08-03 1.000 8.510
2018-05-04 1.000 9.862
2018-02-23 0.840 9.630
2017-11-03 0.760 8.969
2017-08-04 0.720 8.802
2017-05-05 0.720 8.677
2017-03-03 0.680 8.234
2016-11-09 0.640 8.614
2016-08-05 0.640 8.598
2016-05-06 0.600 8.562
2016-02-26 0.600 8.922
2015-11-06 0.600 9.032
2015-07-31 0.600 9.340
2015-05-01 0.600 8.734
2015-02-13 0.520 7.401
2014-11-07 0.520 7.536
2014-08-01 0.520 7.677
2014-05-01 0.520 7.358
2014-02-14 0.520 7.536
2013-11-08 0.520 7.724
2013-08-02 0.520 7.459
2013-05-03 0.480 6.971
2013-02-15 0.480 6.147
2012-11-02 0.440 7.314
2012-08-03 0.400 6.989
2012-05-04 0.300 5.417
2010-08-06 0.000 0.000
2010-05-07 0.000 0.000
2010-03-01 0.000 0.000
2009-11-06 0.000 0.000
2009-08-07 0.000 0.000
2009-05-08 0.000 0.000
2009-03-23 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Arbor Realty Trust has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Arbor Realty Trust only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Arbor Realty Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (143.9x coverage).
X
Income/ dividend checks
We assess Arbor Realty Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Arbor Realty Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Arbor Realty Trust has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Arbor Realty Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ivan Kaufman
COMPENSATION $9,468,390
AGE 57
TENURE AS CEO 15.8 years
CEO Bio

Mr. Ivan 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 Founder and has been Chief Executive Officer and President of Arbor Commercial Mortgage LLC, which is the Manager of Arbor Realty Trust Inc. since 1993. He has been the Chairman of Arbor Realty Trust, Inc. since June 2003 and serves as its Director. He serves as Chairman of Arbor Commercial Mortgage LLC. He serves as the Chairman of the Board and Chief Executive Officer of Arbor Commercial Funding LLC. Mr. Kaufman served as Chairman of the Board, President and Chief Executive Officer of Arbor National Holdings Inc. In 1983, he co-founded a Predecessor of Arbor National Holdings and its residential lending subsidiary, Arbor National Mortgage Inc. From January 1998 to April 2000, he served as the President of Massena Management, LLC that is the general partner of President R.C.-St. Regis Management Company. From 1983 to 1995, Mr. Kaufman co-founded and served as President and Chief Executive Officer of Old Arbor. He serves as Director of Star Multicare Services, Inc. Mr. Kaufman serves on Fannie Mae's regional advisory and technology boards, as well as the Board of Directors of the Empire State Mortgage Bankers Association. He serves on the Executive Board of the North Shore Hebrew Academy and is a Board Trustee of the Great Neck Synagogue. He served on the National Advisory Board of Fannie Mae in 1994. He served as Director of Arbor National Holdings. Mr. Kaufman is also a member of the Fannie Mae DUS® Advisory Council. From 1990 to 1995, Mr. Kaufman was the Tri-State regional spokesperson for Global Relief, a nationwide environmental effort spearheaded by the American Forestry Association. He serves as Treasurer of the Israeli Tribute Committee and is a Trustee of Dowling College and the Walt Frasier Foundation. He was named regional Entrepreneur of the Year by Inc., Magazine for outstanding achievements in financial services in 1990. Mr. Kaufman studied Juris Doctor Degree from Hofstra University School of Law and a Bachelor of Arts in Business Administration from Boston University.

CEO Compensation
  • Ivan's compensation has increased by more than 20% in the past year.
  • Ivan's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Arbor Realty Trust management team in years:

14
Average Tenure
53
Average Age
  • The average tenure for the Arbor Realty Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ivan Kaufman

TITLE
Chairman
COMPENSATION
$9M
AGE
57
TENURE
15.8 yrs

Paul Elenio

TITLE
CFO & Treasurer
COMPENSATION
$2M
AGE
50
TENURE
13.5 yrs

Fred Weber

TITLE
Executive VP and MD of Structured Finance & Principal Transactions
COMPENSATION
$2M
AGE
57
TENURE
15.8 yrs

John Caulfield

TITLE
Chief Operating Officer of Agency Lending
COMPENSATION
$2M
AGE
53

Gene Kilgore

TITLE
Executive Vice President of Structured Securitization
COMPENSATION
$1M
AGE
51
TENURE
14.4 yrs

Steven Katz

TITLE
Chief Investment Officer & Executive VP of Residential Financing
TENURE
0.1 yrs

Thomas Ridings

TITLE
Chief Accounting Officer
AGE
50

Howard Leiner

TITLE
Executive VP & CTO
TENURE
0.3 yrs

Tom Murphy

TITLE
Executive VP & Chief Information Officer
AGE
60

Lee Roth

TITLE
Senior Vice President
Board of Directors Tenure

Average tenure and age of the Arbor Realty Trust board of directors in years:

7.3
Average Tenure
62
Average Age
  • The tenure for the Arbor Realty Trust board of directors is about average.
Board of Directors

Melvin Lazar

TITLE
Director
COMPENSATION
$180K
AGE
79
TENURE
7.3 yrs

Ivan Kaufman

TITLE
Chairman
COMPENSATION
$9M
AGE
57
TENURE
15.8 yrs

William Helmreich

TITLE
Director
COMPENSATION
$165K
AGE
72
TENURE
15.8 yrs

Bill Green

TITLE
Lead Director
COMPENSATION
$220K
AGE
57
TENURE
6 yrs

Joseph Martello

TITLE
Director
COMPENSATION
$80K
AGE
62
TENURE
15.8 yrs

Archie Dykes

TITLE
Director
COMPENSATION
$160K
AGE
87
TENURE
12.9 yrs

George Tsunis

TITLE
Director
COMPENSATION
$160K
AGE
50
TENURE
2.6 yrs

Elliot Schwartz

TITLE
Director
TENURE
0.8 yrs

Edward Farrell

TITLE
Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
08. May 18 Buy Melvin Lazar Individual 08. May 18 08. May 18 5,000 $9.40 $46,975
X
Management checks
We assess Arbor Realty Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Arbor Realty Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Looking At Arbor Realty Trust, Inc. (NYSE:ABR) From All Angles

Help shape the future of investing tools and you could win a $250 gift card! … As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.

Simply Wall St -

Why Arbor Realty Trust Inc's (NYSE:ABR) CEO Pay Matters To You

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … According to our data, Arbor Realty Trust Inc has a market capitalization of US$1.2b, and pays its CEO total annual compensation worth US$9m. … Thus we can conclude that Ivan Kaufman receives more in total compensation than the median of a group of companies in the same market, and of similar size to Arbor Realty Trust Inc

Simply Wall St -

Does The Data Make Arbor Realty Trust Inc (NYSE:ABR) An Attractive Investment?

I've been keeping an eye on Arbor Realty Trust Inc (NYSE:ABR) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe ABR has a lot to offer.

Simply Wall St -

Interested In Real Estate? Why Arbor Realty Trust Inc (NYSE:ABR) May Be The Entry Point

operates in the real estate industry … Real estate investment trust, or a REIT, is a collective vehicle for investing in real estate that began in the US and has since been adopted worldwide as an investment asset … Real estate analysts are forecasting for the entire industry,

Simply Wall St -

Should Arbor Realty Trust Inc (NYSE:ABR) Be Your Next Stock Pick?

Attractive stocks have exceptional fundamentals. … In the case of Arbor Realty Trust Inc (NYSE:ABR), there's. … If you're interested in understanding beyond my high-level commentary,

Simply Wall St -

June Top Cheap Stocks To Buy

Companies, such as Arbor Realty Trust, trading at a market price below their true values are considered to be undervalued. … In addition to this, ABR’s PE ratio is currently around 7.83x against its its Mortgage REITs peer level of, 9.9x indicating that relative to other stocks in the industry, you can buy ABR for a cheaper price. … Started in 1977, and currently lead by Michael Shaunnessy, the company now has 1,280 employees and has a market cap of USD $36.22M, putting it in the small-cap stocks category.

Simply Wall St -

Did Arbor Realty Trust Inc's (NYSE:ABR) Recent Earnings Growth Beat The Trend?

See our latest analysis for Arbor Realty Trust Did ABR beat its long-term earnings growth trend and its industry? … For Arbor Realty Trust, its most recent trailing-twelve-month earnings is US$76.41M, which, relative to the prior year's figure, has moved up by 33.41%. … Since these figures may be relatively nearsighted, I’ve estimated an annualized five-year value for Arbor Realty Trust's earnings, which stands at US$29.47M This suggests that, on average, Arbor Realty Trust has been able to gradually grow its profits over the past few years as well.

Simply Wall St -

Is Buying Arbor Realty Trust Inc (NYSE:ABR) For Its Upcoming $0.25 Dividend A Good Choice?

Below, I will explain how holding Arbor Realty Trust can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … View our latest analysis for Arbor Realty Trust 5 questions to ask before buying a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is its annual yield among the top 25% of dividend-paying companies? … NYSE:ABR Historical Dividend Yield May 10th 18 How does Arbor Realty Trust fare?

Simply Wall St -

Best Undervalued Stock in April

Undervalued companies, such as Arbor Realty Trust and SYNNEX, are those that trade at a price below their actual values. … Moreover, ABR’s PE ratio stands at around 7.65x while its Mortgage REITs peer level trades at, 10.37x suggesting that relative to its comparable set of companies, you can buy ABR’s shares at a cheaper price. … Additionally, SNX’s PE ratio is trading at 14.67x compared to its Electronic peer level of, 21.63x indicating that relative to its competitors, SNX can be bought at a cheaper price right now.

Simply Wall St -

At $8.77, Is Arbor Realty Trust Inc (NYSE:ABR) A Buy?

Arbor Realty Trust Inc (NYSE:ABR), a mortgage reits company based in United States, saw a decent share price growth in the teens level on the NYSE over the last few months. … Great news for investors – Arbor Realty Trust is still trading at a fairly cheap price. … What’s more interesting is that, Arbor Realty Trust’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to move to its intrinsic value, and secondly, there may be less chances to buy low in the future once it reaches that value.

Simply Wall St -

Company Info

Description

Arbor Realty Trust, Inc. invests in a diversified portfolio of structured finance assets in the multifamily 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. 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.

Details
Name: Arbor Realty Trust, Inc.
ABR
Exchange: NYSE
Founded: 2003
$1,358,012,003
$1,085,757,347
106,011,866
Website: http://www.arbor.com
Address: Arbor Realty Trust, Inc.
333 Earle Ovington Boulevard,
Suite 900,
Uniondale,
New York, 11553,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ABR Common Stock New York Stock Exchange US USD 07. Apr 2004
DB OWQ Common Stock Deutsche Boerse AG DE EUR 07. Apr 2004
NYSE ABR.PRA PFD SER A % New York Stock Exchange US USD 01. Feb 2013
NYSE ABR.PRC CUM RED PFD SR C New York Stock Exchange US USD 24. Feb 2014
NYSE ABR.PRB CUM RED PFD B New York Stock Exchange US USD 08. May 2013
Number of employees
Current staff
Staff numbers
468
Arbor Realty Trust employees.
Industry
Mortgage REITs
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:59
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/05
Last earnings filing: 2019/02/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.