Arbor Realty Trust, Inc. invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets.
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Moderate growth potential and slightly overvalued.
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.
7 Day Return
US Mortgage REITs
1 Year Return
US Mortgage REITs
Return vs Industry: ABR exceeded the US Mortgage REITs industry which returned -40.1% over the past year.
Return vs Market: ABR underperformed the US Market which returned 8.9% over the past year.
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
6 hours ago | Simply Wall StIs Arbor Realty Trust, Inc.'s (NYSE:ABR) CEO Paid Enough Relative To Peers?
3 weeks ago | Simply Wall StDid You Manage To Avoid Arbor Realty Trust's (NYSE:ABR) Painful 51% Share Price Drop?
1 month ago | Simply Wall StWhat Is Arbor Realty Trust, Inc.'s (NYSE:ABR) Share Price Doing?
Is Arbor Realty Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ABR ($9.33) is trading below our estimate of fair value ($10.87)
Significantly Below Fair Value: ABR is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ABR is poor value based on its PE Ratio (23.7x) compared to the Mortgage REITs industry average (15.8x).
PE vs Market: ABR is poor value based on its PE Ratio (23.7x) compared to the US market (16.4x).
Price to Earnings Growth Ratio
PEG Ratio: ABR is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: ABR is overvalued based on its PB Ratio (1x) compared to the US Mortgage REITs industry average (0.7x).
How is Arbor Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
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 (22.3% 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
How has Arbor Realty Trust performed over the past 5 years?
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 (-41.6%).
Return on Equity
High ROE: ABR's Return on Equity (4.6%) is considered low.
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 ($5.1B).
Debt to Equity History and Analysis
Debt Level: ABR's debt to equity ratio (449.6%) is considered high.
Reducing Debt: ABR's debt to equity ratio has increased from 237.8% to 449.6% over the past 5 years.
Debt Coverage: ABR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if ABR's interest payments on its debt are well covered by EBIT.
What is Arbor Realty Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ABR's dividend (12.86%) is higher than the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: ABR's dividend (12.86%) is in the top 25% of dividend payers in the US market (4.32%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ABR has been paying a dividend for less than 10 years.
Growing Dividend: ABR's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (302%), ABR's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ABR's dividends in 3 years are not forecast to be well covered by earnings (111% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ivan Kaufman (58yo)
Mr. Ivan Paul Kaufman, J.D., is the Founder of Arbor Realty Trust, Inc. and has been its Chief Executive Officer and President since June 2003. Mr. Kaufman Founded Arbor Realty Trust, Inc. He is the Founde ...
CEO Compensation Analysis
Compensation vs Market: Ivan's total compensation ($USD8.94M) is above average for companies of similar size in the US market ($USD4.72M).
Compensation vs Earnings: Ivan's compensation has been consistent with company performance over the past year.
|Executive VP & Chief Financial Officer||14.75yrs||US$1.90m||0.37% $4.4m|
|Executive VP of Agency Lending & COO||1.42yrs||US$1.80m||0.13% $1.6m|
|Executive VP and MD of Structured Finance & Principal Transactions||17yrs||US$1.70m||0.43% $5.2m|
|Executive Vice President of Structured Securitization||15.67yrs||US$1.80m||0.37% $4.5m|
|Chief Investment Officer & Executive VP of Residential Financing||1.33yrs||no data||0.10% $1.2m|
|Chief Accounting Officer||no data||no data||0.091% $1.1m|
|Executive VP & CTO||1.5yrs||no data||no data|
|Senior Vice President||no data||no data||no data|
|General Counsel||3.58yrs||US$1.17m||0.098% $1.2m|
Experienced Management: ABR's management team is seasoned and experienced (9.2 years average tenure).
|Independent Director||0.17yr||no data||0.015% $178.9k|
|Independent Director||14.17yrs||US$186.24k||0.13% $1.6m|
|Independent Director||8.5yrs||US$206.24k||0.20% $2.5m|
|Independent Director||2yrs||US$184.99k||0.019% $232.5k|
|Lead Independent Director||7.25yrs||US$256.24k||0.10% $1.2m|
|Independent Director||3.83yrs||US$206.24k||0.049% $589.5k|
|Independent Director||2yrs||US$183.74k||0.030% $366.8k|
Experienced Board: ABR's board of directors are considered experienced (7.3 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13%.
Arbor Realty Trust, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Arbor Realty Trust, Inc.
- Ticker: ABR
- Exchange: NYSE
- Founded: 2003
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Implied Market Cap: US$1.207b
- Market Cap: US$1.029b
- Shares outstanding: 130.62m
- Website: https://www.arbor.com
Number of Employees
- Arbor Realty Trust, Inc.
- 333 Earle Ovington Boulevard
- Suite 900
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ABR||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Apr 2004|
|OWQ||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Apr 2004|
|ABR.PRA||NYSE (New York Stock Exchange)||PFD SER A %||US||USD||Feb 2013|
|ABR.PRB||NYSE (New York Stock Exchange)||CUM RED PFD B||US||USD||May 2013|
|ABR.PRC||NYSE (New York Stock Exchange)||CUM RED PFD SR C||US||USD||Feb 2014|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/05 03:21|
|End of Day Share Price||2020/06/04 00:00|
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.