Arbor Realty Trust Second Quarter 2024 Earnings: Misses Expectations

Arbor Realty Trust (NYSE:ABR) Second Quarter 2024 Results

Key Financial Results

• 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.
• EPS: US$0.25 (down from US$0.42 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Arbor Realty Trust Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 27%.

Looking ahead, revenue is expected to decline by 37% p.a. on average during the next 2 years, while revenues in the Mortgage REITs industry in the US are expected to grow by 43%.

Performance of the American Mortgage REITs industry.

The company's shares are down 2.1% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Arbor Realty Trust (1 is concerning) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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