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Arbor Realty Trust logo

Arbor Realty Trust Income Statement

Revenue, expenses, and profitability over time

Arbor Realty Trust generated $25.0M in trailing twelve-month revenue, up 1.5% year-over-year. Net income was $125.5M with a 501.48% net margin. Diluted EPS is $0.40, which declined 0.6% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$25.0MNet Income (TTM)$125.5MEps Diluted (TTM)$0.40
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$992.6M
P/E Ratio7.91
ROE4.27%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Compensation and benefits$46.3M$46M$41.2M$44.2M$42.8M$47.7M
Depreciation and amortization$2.6M$3.7M$5.8M$5.4M$8.3M$7.1M
Occupancy and equipment—$2.8M$2.7M$2.7M—$2.9M
Other operating expenses$74M$80.4M$91.9M$98.5M$101.8M$106.6M
Provision for credit losses—-$79K$2.9M$2.2M—$2.2M
Selling, general and administrative$15M$16.3M$14.9M$13.7M$14.9M$17M
Total operating expenses$74M$80.4M$91.9M$98.5M$101.8M$106.6M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.31$0.16$0.12$0.20$0.08$0.00
Diluted earnings per share$0.32$0.16$0.12$0.20$0.08$0.00
Weighted-average shares, basic188.7M190.1M192.2M193.7M193M194.2M
Weighted-average shares, diluted205.5M206.9M209M210.5M209.7M211.7M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments—-$1.6M$2.7M$46.2M$3.7M$4.4M
Gain (loss) on extinguishment of debt$0-$2.3M$0$0-$600K$0
Interest expense$180M$165.3M$171.6M$184.7M$180.3M$175.2M
Interest income—$3.7M$3.4M$3.6M—$3.7M
Net investment gains (losses)—$4.7M$1.4M-$2.1M—-$1.3M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$752K$3.6M$3.4M$7.6M$4.2M$2.1M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income attributable to noncontrolling interests—$2.6M$2M$3.2M—$52K
Net income$75.3M$43.4M$36.3M$52M$26.1M$11M
Preferred stock dividends$10.3M$10.3M$10.3M$10.3M$10.3M$10.3M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net interest income$82.9M$75.4M$68.7M$38.3M$55.7M$59.8M
Rental income$2.7M$4.4M$5.5M$4.2M$7.3M$8.1M
Total interest income$262.9M$240.7M$240.3M$223M$236M$235M
Total noninterest income$68.8M$58.7M$61.7M$74.2M$77.7M$57.5M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accelerated Share Repurchases Final Price Paid Per Share—————$7.46
Amortization and accretion of interest and fees, net—$3M$3.6M$3.2M—$3.1M
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation—-$310.8M-$2.7M——$250.4M
Change in Fair Value of Held for Sale Loans—$2M$826K$36K—-$189K
Dividends declared (in dollars per share)—$0.43$0.30$0.30—$0.30
Concentration risk, threshold for disclosure4.0%4.0%——4.0%4.0%
Contractual service fees, late fees and other ancillary fees included in income—$43.4M$45.2M$47.5M—$44M
Servicing fees—$32.5M$32.9M$33.2M—$33.9M
Servicing revenue, net$33.3M$25.6M$27.4M$29.7M$26.9M$25.7M
Gross credit losses—————$4.1M
Debt securities, held to maturity, nonaccrual, specific allowances—————$10.5M
Deferred taxes-$2.7M-$137K-$1.6M-$1.8M$7.3M-$2.6M
Derivative, Fair Value Adjustment—$4.4M$825K$82K—$6.9M
Derivative, Gain (Loss) on Derivative, Net-$3.8M$3.4M$219K-$2.2M—-$493K
Distributions from operations of equity affiliates—$640K$3.5M$48.1M—$6M
Dividends, Common Stock—$82.1M$57.9M$58.2M—$58.1M
Dividends on preferred shares—$10.3M$10.3M$10.3M—$10.3M
Due to (Due from) Borrowers and Reserves—-$2M$5.3M$7.4M—$0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements—$7.8M$10.9M$15.3M—$9.5M
Realized gains recorded in earnings—$7.8M$10.5M$15M—$9M
Unrealized gains recorded in earnings—$309K$382K$578K—$633K
Change in unrealized gains (losses) for the period included in earnings for assets held at end of the reporting date—$4.7M$1.4M-$2.1M—-$1.3M
Deferred interest—$3.8M$1.9M$1.4M—$200K
Accrued interest receivables written off—$3.3M$4.3M$17.6M——
Recoveries—$406K————
Deferred rate before modification—1.1%1.7%1.6%—2.3%
Gross charge-offs$2.2M$4M$15.1M$16.6M$92.6M$18.2M
Total UPB of modified loans that had been previously modified—$370.9M$136.1M$473.2M—$308.1M
Amortized Cost—$949.8M$251.9M$808.6M——
Prior$0$0$0$0$68.9M$3.1M
Initial allowance for credit losses on newly purchased credit-deteriorated assets during the period—$153.1M———$31.6M
Term loan by year, year 4$2.2M$1M$4.7M$15M$3.8M$0
Term loan by year, year 1—$0$0$0$0$0
Term loan by year, year 2$0$3M———$0
Term loan by year, year 3$1.3M$0$0$0$0$3.8M
Term loan by year, year 5$0$0$10.5M$1.6M$19.9M$11.3M
Percent of total loans—8.0%2.2%7.0%—4.0%
Loan modification, refinancing, and extensions—0.000.000.00—0.00
Deferred rate after modification—3.4%2.3%3.2%—2.6%
Weighted average pay rate before modification—6.8%6.5%5.9%—5.3%
Weighted average pay rate after modification—4.5%5.2%4.2%—4.3%
UPB of loan modifications made during the current year——$249.9M$804.6M—$479.3M
UPB of loan modifications made in prior year—$949.8M————
Loans modified, not pursuant to contract, amount—$385M—$253.5M—$47.7M
Additional loans classified as non-accrual—$96.2M—$183.1M——
Recognized interest income—$4.5M$4.1M$2.7M—$6.7M
Financing Receivable, Nonaccrual, Loans Modified Or Paid Off During Period, Amount—$38.5M$47.7M$0—$47.1M
Financing Receivable, Nonaccrual, Loans Progressed To Greater Than Sixty Days Past Due During Period—$82.3M$0$56.9M—$1.2M
Deferred interest for loans previously modified—$9.1M$8.3M$7.7M—$5.4M
Acquisition PCD reserves—$153.1M———$31.6M
Credit deteriorated assets, par value—$697.2M—$30.9M—$337.4M
Financing receivable, specific reserve—$5.2M$2.2M$3.6M—$1M
Net gains/(losses) on sales of loans$22.2M$12.8M$13.7M$23.3M$20.9M$12.5M
Gain (loss) on real estate dispositions, net$0-$2.8M-$1.4M-$555K-$4.3M-$2.1M
Wtd. Avg. First Dollar LTV Ratio0.0%0.0%——0.0%0.0%
Wtd. Avg. Last Dollar LTV Ratio99.0%99.0%——96.0%96.0%
Income (Loss) From Continuing Operations before Equity Method Investments, Extinguishment of Debt, Sale of Real Estate, Income Taxes, Noncontrolling Interest—$53.7M$38.5M$14M—$10.8M
Income (Loss) From Continuing Operations before Equity Method Investments, Extinguishment of Debt, Gain On Real Estate, Income Taxes, Noncontrolling Interest$72.1M$34.4M$34.4M$34.4M$34.4M—
Income Taxes Paid, Net$5.1M$864K$10.3M$6.6M—$132K
Deferred fees—$8.3M$7.7M$6.6M—$7M
Increase (Decrease) in Other Operating Assets and Liabilities, Net—$54.1M—-$41.1M—$37.8M
Dilutive effect of OP Units (in shares)—16.2M16.2M16.2M—16.2M
Add - Incremental shares under stock-based compensation plans (in shares)—$552.3K$593K$595.5K—$1.4M
Interest earned on escrows—$12.9M$13.5M$14.9M—$10.2M
Interest Income (Expense), Operating$82.9M$75.4M$68.7M$38.3M$55.7M$59.8M
Interest Income Operating$262.9M$240.7M$240.3M$223M$236M$235M
Interest Paid, Excluding Capitalized Interest, Operating Activity$170.2M$164.4M$161.5M$174.4M$165.4M$165.6M
Interest reserve$15M$236.4M$20.3M$0$5.2M$244M
Employee compensation and benefits—$41.4M$36.9M$37.3M—$43.8M
Loss Contingency Accrual, Charge Offs, Net—-$579K-$26K$2.2M—-$4.7M
Loss Contingency Accrual Provision$4M$1.8M$4.2M$8.3M$10M$4.5M
Loss-sharing obligations (as a percent)0.2%0.2%——0.3%0.3%
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders—$7M$4.9M$4.9M—$4.9M
Minority Interest Decrease From Redemptions—$1.6M————
Number of loans—719.00———545.00
Wtd. Avg. Pay Rate (as a percent)6.9%6.9%——6.5%6.5%
Mortgage Servicing Rights MSR Impairment Recovery—-$3.9M—-$45K—-$5.6M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$459.6M-$146.5M$144.5M$226.5M$574.3M$200.4M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation$205.6M-$314.8M-$207.3M-$205.5M-$553.4M$58.3M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$46.7M$150.5M$60M$178.7M$0-$8.3M
Net Income Loss Attributable To Noncontrolling Interest—$2.6M$2M$3.2M—$52K
Net income attributable to common stockholders and noncontrolling interest—$33M$26M$41.7M—$681K
Number of impaired properties—————6.00
Number of operating segments—2.00———2.00
Number of reportable segments—2.00————
Occupancy and Related Charges—$2.8M$2.7M$2.7M—$2.9M
Lease income — operating leases$2.7M$4.4M$5.5M$4.2M$7.3M$8.1M
Mortgage servicing rights$13.3M$8.1M$10.9M$15.5M$19.9M$9.7M
Other income, net$1.1M$4.4M$4M$3.7M$2.7M$2.1M
Loans and investments funded, originated and purchased—$733.1M$751.3M$945M—$826.1M
Payments For Origination Of Mortgage Loans Held For Sale$1.4B$608.8M$858.5M$2B$1.6B$707.6M
Payments for Redemption of Operating Partnership Units—$1.6M———$0
Payments for Repurchase of Common Stock—$0$0$0$2M$30.7M
Payments of Ordinary Dividends, Common Stock$99M$99.4M$73.1M$73.4M$74.1M$73.3M
Payments of Financing Costs—$7M$11.6M$24.8M—$8.4M
Payment, Tax Withholding, Share-Based Payment Arrangement$298K$84K$3M$0$296K$1M
Payments To Acquire Interest In Subsidiaries And Affiliates$1.7M$4M$2.5M$3.4M$1.8M$331K
Cash disbursed for acquisitions$945K$7.7M$6.3M$12.8M$13.9M$16.2M
Prepayment fees—$1M$863K$505K—$913K
Proceeds From Bank Debt—$2.6B$2.3B$3.5B—$2.4B
Payoffs and paydowns of loans held-for-sale—$487K$6M$22K—$36K
Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates—$965K$6.9M$16.1M$0$0
Proceeds from issuance of securitized debt—$0$491.4M$994.9M—$754.5M
Proceeds from Issuance of Common Stock$10M$29.2M$1.6M$39.7M$0$0
Proceeds from notes payable - REO—$98.1M$79.4M$24.3M—$17.4M
Proceeds from Payoffs and Paydowns of Loans and Investments—$418.6M$543.4M$740.3M—$894M
Payoffs and paydowns of securities held-to-maturity—$50K$71K$101K—$0
Proceeds From Sale Of Loans Held For Sale$1.3B$730.9M$807M$2B$1.5B$671M
Sale of loans held-for-sale excluding acquired loans—$730.9M$807M$2B—$671M
Expenses from real estate owned operations$2.4M$3.5M$6.8M$7.3M$10.4M$12M
Total provisions for credit losses—$6M$17.5M$19.6M—$3.5M
Depreciation expense related to real estate owned—$2.7M$4.8M$4.3M—$6.1M
Impairment loss on real estate owned$0$0———$12.5M
Outstanding principal balance repaid$6.7M$26.6M———$6M
Repayment Of Secured Loan Obligations—$1.3B$259.7M$332.4M—$287.1M
Repayments Of Bank Debt$2.3B$1.4B$2.4B$4.1B$3.3B$2.5B
Repayments Of Mortgage Notes Payable, Real Estate Owned—$49.1M$18.7M$35.4M—$0
Sales Commissions And Fees—$4.6M$4.3M$6.8M—$3.9M
Stock-based compensation$2.5M$5.9M$2.6M$2.7M$2.5M$5.9M
Issuance of common stock in connection with the Spin-Off and reclassification of net parent investment—$29.2M$1.6M$39.7M——
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture—$5.9M—$2.8M—$4.9M
Shares repurchased (in shares)—————4.1M
Purchase price—————$30.7M
Unrealized Impairment Loss—-$581K-$826K-$37K—-$1.2M
Unrealized impairment losses—$14.1M———$14M
Weighted average shares outstanding (in shares)—190.1M192.2M193.7M—194.2M
Weighted average shares outstanding (in shares)—190.1M192.2M193.7M—194.2M
Write-offs and payoffs of MSRs—-$3.1M-$2.1M-$1.1M—-$1M
Write-off of capitalized mortgage servicing rights from payoffs—$3.1M$2.1M$1.1M—$1M