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Arbor Realty Trust Business Segments

Business, geographic, and product segment breakdowns

Arbor Realty Trust generates $25.0M in annual revenue across 2 key segments: Agency Business ($181.8M), and Structured Business (-). Based on the Q1 2026 filing.

Agency Business (TTM)$181.8MStructured Business (TTM)-
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$1.0B
P/E Ratio7.99
ROE4.27%

Geographic

Number of states

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other0.000.000.000.000.000.00

Percentage of Unpaid Principal Balance

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other—46.0%———45.0%

Concentration risk, percentage

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Texas and Florida—4.3%4.3%4.3%4.3%23.0%

Business Segments

Allowance for loss-sharing obligations

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$83.2M$85.5M$89.8M$95.8M$97.6M$106.8M
Structured Business$0$0$0$0$0$0

Amortization of capitalized mortgage servicing rights

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$17.6M$17.8M$17.8M$17.8M$18.2M$18.3M
Structured Business$0$0$0$0$0$0

Assets of consolidated VIEs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$11.9B$11.9B$12.3B$12.6B$13B$13.3B
Agency Business$1.6B$1.4B$1.2B$1.3B$1.4B$1.4B

Capitalized mortgage servicing rights, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$368.7M$357.2M$348.3M$344.9M$340.8M$331.9M
Structured Business$0$0$0$0$0$0

Cash & Equivalents

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$445.6M$253.5M$190M$322.8M$358.7M$317.8M
Structured Business$58.2M$55.3M$65.8M$100.5M$124.1M$89.3M

Collateral Carrying Value

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$4.7B$6.4B$6.2B$5.5B$6.8B$6.5B
Agency Business$435.5M$312.9M$351.7M$316M$405.6M$442.2M

Commissions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$9.1M$4.6M$4.3M$6.8M$5.5M$3.9M
Structured Business$0$0$0$0$0$0

Count

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business82.0082.00679.00646.00617.0018.00

Credit and repurchase facilities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$3.1B$4.5B$4.4B$3.8B$4.8B$4.5B
Agency Business$422.7M$279.4M$329.5M$294.2M$390.4M$424.9M

Debt instrument, reduced basis spread on variable rate

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business0.4%0.4%0.4%0.4%0.4%1.4%

Debt obligations

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$9.5B$9.6B$9.8B$10.1B$10.6B$10.9B
Agency Business$422.7M$279.4M$329.5M$294.2M$390.4M$424.9M

Debt, Wtd. Avg. Rate

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business7.7%7.7%7.7%7.5%7.0%7.0%
Agency Business6.8%6.8%6.9%6.9%6.2%6.3%

Deferred financing fees

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$8.6M$10.9M$8.1M$9.9M$11.7M$9.6M
Agency Business$200K$300K$400K$400K$300K$300K

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$2.2M$3.4M$5.5M$5M$7.9M$6.7M
Agency Business$392K$392K$392K$392K$391K$391K

Derivative Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$95K$1.5M$2M$1.1M$585K$822K

Derivative Liability, Subject to Master Netting Arrangement, before Offset

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$4.2M$657K$394K$1.4M$1.1M$2.5M

Employee compensation and benefits

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$21.1M$23.3M$20.9M$21.2M$21.7M$25M
Structured Business$16.1M$18.2M$16M$16.1M$15.6M$18.9M

Gain on sales, including fee-based services, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$22.2M$12.8M$13.7M$23.3M$20.9M$12.5M
Structured Business$0$0$0$0$0$0

Goodwill and other intangible assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$75.6M$75.2M$74.8M$74.4M$74.1M$73.7M
Structured Business$12.5M$12.5M$12.5M$12.5M$12.5M$12.5M

Impairment loss on real estate owned

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business—$5.1M$5.1M$5.1M$5.1M$12.5M
Agency Business—$0$0$0$0$0

Income (Loss) From Continuing Operations before Equity Method Investments, Extinguishment of Debt, Gain On Real Estate, Income Taxes, Noncontrolling Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$28.6M$23.6M$23.6M$23.6M$23.6M—
Structured Business$43.5M$10.9M$10.9M$10.9M$10.9M—

Income (Loss) From Continuing Operations before Equity Method Investments, Extinguishment of Debt, Sale of Real Estate, Income Taxes, Noncontrolling Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business—$21.8M$18.8M$26.4M—$9.8M
Structured Business—$31.9M$19.7M-$12.4M—$1M

Income (loss) from equity affiliates

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business—-$1.6M$2.7M$46.2M$3.7M$4.4M
Agency Business$0$0$0$0$0$0

Income Tax Expense (Benefit)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$1.5M$4.2M$2.1M$6.3M$4.5M$2.2M
Structured Business-$726K-$639K$1.3M$1.3M—-$83K

Interest Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$173.1M$161.6M$165.9M$176.2M$173M$170.8M
Agency Business$6.9M$3.7M$5.7M$8.6M$7.2M$4.4M

Interest Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$248.7M$230.1M$230M$208.3M$222.6M$224.4M
Agency Business$14.2M$10.6M$10.3M$14.7M$13.4M$10.7M

Interest Income (Expense), Operating

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$75.6M$68.5M$64.1M$32.1M$49.6M$53.6M
Agency Business$7.2M$6.9M$4.6M$6.2M$6.2M$6.3M

Investments in equity affiliates

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$76.3M$77.1M$71.8M$57.3M$58M$56.7M
Agency Business$0$0$0$0$0$0

Liabilities of consolidated VIEs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$9.7B$9.8B$10B$10.3B$10.9B$11.1B
Agency Business$593.2M$451.5M$491.2M$469.8M$560.8M$596.4M

Loans and investments, net (allowance for credit losses of $131,223 and $145,971)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$11B$11.2B$11.3B$11.4B$11.9B$11.8B
Agency Business$0$0$0$0$0$0

Loans held-for-sale, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$435.8M$314.6M$361.4M$319.2M$409.1M$443.2M
Structured Business$0$0$0$0$0$0

(Loss) gain on derivative instruments, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business-$3.8M$3.4M$219K-$2.2M—-$493K
Structured Business$0$0$0$0$0$0

Loss on real estate

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business—-$2.8M-$1.4M-$555K-$4.3M-$2.1M
Agency Business$0$0$0$0$0$0

Maximum borrowing capacity

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$200M$1.2B$2B$1.5B$1.4B$1.4B
Agency Business$750M$750M$2B$1B$750M$750M

Mortgage servicing rights

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$13.3M$8.1M$10.9M$15.5M$19.9M$9.7M
Structured Business$0$0$0$0$0$0

MSR rate (MSR income as a % of loan commitments)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business—1.3%1.3%0.8%0.1%1.3%

Net Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$28.3M$17.6M$16.7M$20.1M$22.8M$7.6M
Structured Business$47M$25.8M$19.6M$31.9M$3.3M$3.4M

Net income attributable to common stockholders

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$28.3M$17.6M$16.7M$20.1M$22.8M$7.6M
Structured Business$36.7M$15.4M$9.3M$21.6M—-$7M

Net income attributable to noncontrolling interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$0$0$0$0$0$0
Structured Business$0$0$0$0$0$0

Noninterest Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$64.5M$52.3M$54.1M$66.4M$67.6M$47.3M
Structured Business$4.3M$6.5M$7.6M$7.8M$10.1M$10.3M

Noninterest Income, Other Operating Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$1.6M$2.1M$2.1M$3.6M$2.8M$2.2M
Agency Business—$2.3M$1.9M$55K$0-$149K

Notional Value

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$404.2M$316.2M$412.1M$413.9M$448.8M$476.2M

Operating Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$32M$43.1M$52M$52.3M$55.3M$62.8M
Agency Business$42M$37.4M$39.9M$46.2M$46.5M$43.7M

Origination Volumes

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$1.4B$605.9M$857.1M$2B$1.6B$707.6M

Other assets and due from related party

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$415.3M$249.9M$411.4M$401.6M$382.7M$387.6M
Agency Business$78.9M$254.9M$80.9M$73.1M$78.2M$74.6M

Other liabilities and due to related parties

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$244.9M$206.2M$219.9M$240.7M$241.9M$212.6M
Agency Business$87.4M$86.6M$71.9M$79.7M$72.8M$64.8M

Preferred stock dividends

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$10.3M$10.3M$10.3M$10.3M$10.3M$10.3M
Agency Business$0$0$0$0$0$0

Proceeds from Sale, Loan, Mortgage, Held-for-Sale

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$1.3B$730.9M$807M$2B$1.5B$671M

Property operating expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$2.4M$3.5M$6.8M$7.3M$10.4M$12M
Agency Business$0$0$0$0$0$0

Property operating income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$2.7M$4.4M$5.5M$4.2M$7.3M$8.1M
Agency Business$0$0$0$0$0$0

Provision for credit losses, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$3.4M$9.2M$16.1M$17.5M—$3.6M
Agency Business$281K-$79K$2.9M$2.2M$1.4M$2.2M

Provisions for loss sharing (net of reversals)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$4M$1.8M$4.2M$8.3M$10M$4.5M
Structured Business$0$0$0$0$0$0

Real estate owned, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$176.5M$302.2M$365.2M$471.3M$498.9M$520.8M
Agency Business$0$0$0$0$0$0

Realized gain on derivatives

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$400K$500K-$1M-$800K-$300K$800K

Restricted Cash

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$134.3M$15.9M$63.7M$93.2M$35.3M$359.6M
Agency Business$22.1M$24.6M$27.2M$29.8M$32.1M$34M

Sales margin (fee-based services as a % of loan sales)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business0.0%1.8%1.7%1.1%—1.9%

Securities held-to-maturity, net (allowance for credit losses of $15,125 and $17,013)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$157.2M$158.7M$156.9M$156M$156.1M$155.5M
Structured Business$0$0$0$0$0$0

Selling and administrative

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$8M$8.9M$7.6M$6.4M$7.4M$9.2M
Agency Business$7.1M$7.4M$7.3M$7.3M$7.5M$7.8M

Servicing Portfolio UPB

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$458.6M$33.5B$277.7M$1.4B$1B$36.3B

Servicing revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$50.9M$43.4M$45.2M$47.5M$45.1M$44M
Structured Business$0$0$0$0$0$0

Total Loan Commitment Volume

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business—$645.4M$852.8M$2B—$733.9M

Value of portfolio loans and cash as collateral

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business$750M———$750M—

Variable rate, spread

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business—1.8%3.0%3.0%—3.0%
Agency Business0.3%————1.4%

Wtd. Avg. Servicing Fee Rate (basis points)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Agency Business—0.5%———0.4%

Facility increase value

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business—————$50M

Floor interest rate percentage

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business——5.5%2.2%—2.5%

Leverage on loans and investment portfolio financed through credit and repurchase facilities, excluding securities repurchase facility and working capital facility

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business67.0%70.0%70.0%68.0%69.0%69.0%

Line of credit facility, loans transferred from terminated facility

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business————$93.3M—

Line of credit facility, sublimit for principal and interest advances

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$37.5M———$37.5M—

Loans, Payoffs And Paydowns

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$900.6M$421.9M$519.7M$734.2M$537.5M$861M

Maximum facility increase value

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business—————$350M

New Loans Originated

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$684.3M$747.1M$716.5M$956.7M$1.1B$767.6M

Number of Loans Originated

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business28.0020.0019.0030.0029.006.00

Total Commitments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$429.9M$254.4M$405.4M$168.8M$307.8M$166.1M

UPB

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business$3.1B———$4.8B—

Weighted average note rate including certain fees and costs, percentage

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured Business7.4%7.1%7.1%7.0%6.4%6.4%