Arbor Realty Trust, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 28, 2023 at 08:15 am EDT
Share
Arbor Realty Trust, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 1.43 million compared to USD 0.29 million a year ago. Net income was USD 86.51 million compared to USD 81.12 million a year ago. Basic earnings per share from continuing operations was USD 0.42 compared to USD 0.43 a year ago. Diluted earnings per share from continuing operations was USD 0.41 compared to USD 0.41 a year ago.
For the six months, sales was USD 2.81 million compared to USD 0.586 million a year ago. Net income was USD 181.17 million compared to USD 154.24 million a year ago. Basic earnings per share from continuing operations was USD 0.88 compared to USD 0.85 a year ago. Diluted earnings per share from continuing operations was USD 0.87 compared to USD 0.82 a year ago.
Arbor Realty Trust, Inc. is a real estate investment trust. The Companyâs segments include Structured Business and Agency Business. Through its Structured Business, it invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental (SFR) and commercial real estate markets, primarily consisting of bridge loans, in addition to mezzanine loans, junior participating interests in first mortgages and preferred and direct equity. It also invests in real estate-related joint ventures and may directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. Through its Agency Business, the Company originates, sells, and services a range of multifamily finance products through Fannie Mae and Freddie Mac, Ginnie Mae, Federal Housing Authority (FHA), and Housing and Urban Development (HUD). It originates, sells, and services a range of multifamily finance products.
ARBOR REALTY TRUST, INC. 
