Tearsheet

Arbor Realty Trust (ABR)

Market Price (12/4/2025): $9.1 | Market Cap: $1.8 Bil
Sector: Financials | Industry: Mortgage REITs

Arbor Realty Trust (ABR)

Market Price (12/4/2025): $9.1
Market Cap: $1.8 Bil
Sector: Financials
Industry: Mortgage REITs

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 23%, Dividend Yield is 15%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 19%, FCF Yield is 18%	Weak multi-year price returns 2Y Excs Rtn is -54%, 3Y Excs Rtn is -81%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 264%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 83%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 83%	Meaningful short interest Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.25	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -21%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.2%, Rev Chg QQuarterly Revenue Change % is -29%
2	Low stock price volatility Vol 12M is 38%		Significant short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 25%
3	Megatrend and thematic drivers Megatrends include Real Estate Finance & Investment. Themes include Multifamily Housing Finance, and Agency Lending.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 23%, Dividend Yield is 15%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 19%, FCF Yield is 18%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 83%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 83%
2	Low stock price volatility Vol 12M is 38%
3	Megatrend and thematic drivers Megatrends include Real Estate Finance & Investment. Themes include Multifamily Housing Finance, and Agency Lending.
4	Weak multi-year price returns 2Y Excs Rtn is -54%, 3Y Excs Rtn is -81%
5	Meaningful short interest Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.25
6	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 264%
7	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -21%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.2%, Rev Chg QQuarterly Revenue Change % is -29%
8	Significant short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 25%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$9.10	$12.25	$11.87	$8.91	$11.24
Market Cap CYE ($ Bil)	1.8	2.3	2.2	1.6	1.7
Total Debt ($ Bil)	6.7	7.2	9.4	10.1	8.4
Total Cash ($ Bil)	0.4	0.5	0.9	0.5	0.4
Enterprise Value ($ Bil)	8.0	9.5	11.6	11.7	10.1
Valuation Ratios
P/S TTM	4.5	4.2	3.9	3.5	4.3
P/EBIT TTM	0.0	0.0	0.0	0.0	0.0
P/E TTM	12.2	9.9	7.5	6.7	7.4
Sector Ratios
P/S TTM (Sector)	3.0	3.1	2.8	2.8	3.4
P/EBIT TTM (Sector)	8.1	8.5	7.5	7.7	7.3
P/E TTM (Sector)	11.7	11.6	10.2	9.4	10.1

	12/4/25	2024	2023
Share Price CYE	$9.10	$12.25	$11.87
Market Cap CYE ($ Bil)	1.8	2.3	2.2
Total Debt ($ Bil)	6.7	7.2	9.4
Total Cash ($ Bil)	0.4	0.5	0.9
Enterprise Value ($ Bil)	8.0	9.5	11.6
Valuation Ratios
P/S TTM	4.5	4.2	3.9
P/EBIT TTM	0.0	0.0	0.0
P/E TTM	12.2	9.9	7.5
Sector Ratios
P/S TTM (Sector)	3.0	3.1	2.8
P/EBIT TTM (Sector)	8.1	8.5	7.5
P/E TTM (Sector)	11.7	11.6	10.2

	ABR	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	0.5
Rev Chg Q	-28.6%	7.1%
Rev Chg LTM	-21.0%	6.1%
Rev Chg 3Y Avg	-3.2%	5.5%
PROFITABILITY	VERY GOOD
Op Inc LTM ($ Bil)	�
CFO LTM ($ Bil)	0.4
Net Inc LTM ($ Bil)	0.2
CFO/Rev LTM	83.2%	20.5%
Net Inc Mgn	37.0%	13.1%
VALUATION	LOW
P/S	4.5	3.2
P/CFO	5.4	15.8
P/FCF	5.4	20.5
P/E	12.2	23.5

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Distributable Earnings per Share	$0.35	9302025	Link
Agency Loan Originations	$2 billion	9302025	Link
Fee-Based Servicing Portfolio	$35.17 billion	9302025	Link
Structured Loan Portfolio	$11.71 billion	9302025	Link
Total Expected Originations for 2025	$8.5 billion - $9 billion	10312025	Link
Non-performing Loans (Delinquencies)	$750 million	10312025	Link
Single-Family Rental Originations (first 10 months of 2025)	$1.2 billion	10312025	Link
Construction Lending Platform Originations (Q3 2025)	$145 million	9302025	Link

Recent
11/14/2025	Dividend	Amount: $0.30 Payment On: 11/26/2025
Upcoming
2/20/2026	Earnings Release	Rev: - EPS: -

ABR Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Here are five key points explaining the approximate -21.3% stock movement for Arbor Realty Trust (ABR) between August 31, 2025, and December 4, 2025:

1. Decline in Q3 2025 Profitability: Arbor Realty Trust reported a year-over-year decline in both GAAP net income and distributable earnings for the third quarter of 2025, which was released on October 31, 2025. GAAP net income decreased to $0.20 per diluted share from $0.31 in the prior year, and distributable earnings fell to $0.35 per share from $0.43. The market reacted negatively to these results, extending a trend of weakness for the stock.

2. Significant Drop in Net Interest Income: The company experienced a substantial decrease in net interest income (NII), which dropped to $38.3 million in Q3 2025 from $68.7 million in Q2 2025 and $88.8 million in Q3 2024. This decline points to significant challenges in the core lending business.

3. Deteriorating Credit Quality and Rising Delinquencies: Arbor Realty Trust faced increased credit pressure, with delinquencies rising to approximately $750 million by September 30, 2025. The provision for loss sharing also increased to $8.3 million in Q3, up from $4.2 million in Q2, indicating a worsening outlook for loan performance and potential future losses.

4. Compression in Agency Business Margins and Lower Portfolio Yield: The company saw its gain-on-sale margin in the Agency Business compress to 1.15% from 1.69% in the prior quarter, and the mortgage servicing rights (MSR) rate declined to 0.78% from 1.28%. Additionally, the weighted average yield on the company’s loan and investment portfolio decreased to 6.95% in Q3 2025 from 7.95% in Q2 2025, partly due to an $18 million reversal of accrued interest on modified loans.

5. Negative Sentiment in the Commercial Real Estate (CRE) Sector: The broader market outlook for the commercial real estate credit sector has been negatively impacted by challenging macroeconomic factors, including rising interest rates. This cautious sentiment among investors and analysts, with Arbor Realty Trust receiving a consensus "Hold" rating, likely contributed to the stock's decline during this period.

Show less

Stock Movement Drivers

Fundamental Drivers

The -20.7% change in ABR stock from 9/3/2025 to 12/3/2025 was primarily driven by a -12.0% change in the company's P/E Multiple.

	9032025	12032025	Change
Stock Price ($)	11.47	9.09	-20.74%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	568.68	523.90	-7.87%
Net Income Margin (%)	37.59%	37.04%	-1.46%
P/E Multiple	10.31	9.08	-12.00%
Shares Outstanding (Mil)	192.24	193.75	-0.79%
Cumulative Contribution			-20.74%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
ABR	-20.7%
Market (SPY)	6.2%	28.4%
Sector (XLF)	0.1%	32.4%

Fundamental Drivers

The -0.2% change in ABR stock from 6/4/2025 to 12/3/2025 was primarily driven by a -12.2% change in the company's Total Revenues ($ Mil).

	6042025	12032025	Change
Stock Price ($)	9.11	9.09	-0.17%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	596.63	523.90	-12.19%
Net Income Margin (%)	39.76%	37.04%	-6.84%
P/E Multiple	7.30	9.08	24.40%
Shares Outstanding (Mil)	190.06	193.75	-1.94%
Cumulative Contribution			-0.21%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
ABR	-0.2%
Market (SPY)	15.1%	33.1%
Sector (XLF)	5.8%	37.1%

Fundamental Drivers

The -27.3% change in ABR stock from 12/3/2024 to 12/3/2025 was primarily driven by a -21.0% change in the company's Total Revenues ($ Mil).

	12032024	12032025	Change
Stock Price ($)	12.51	9.09	-27.32%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	663.11	523.90	-20.99%
Net Income Margin (%)	44.71%	37.04%	-17.16%
P/E Multiple	7.95	9.08	14.13%
Shares Outstanding (Mil)	188.51	193.75	-2.78%
Cumulative Contribution			-27.37%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
ABR	-27.3%
Market (SPY)	14.3%	45.3%
Sector (XLF)	7.4%	44.3%

Fundamental Drivers

The -8.9% change in ABR stock from 12/4/2022 to 12/3/2025 was primarily driven by a -34.5% change in the company's Net Income Margin (%).

	12042022	12032025	Change
Stock Price ($)	9.98	9.09	-8.88%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	604.60	523.90	-13.35%
Net Income Margin (%)	56.56%	37.04%	-34.51%
P/E Multiple	4.97	9.08	82.76%
Shares Outstanding (Mil)	170.23	193.75	-13.82%
Cumulative Contribution			-10.62%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
ABR	-16.2%
Market (SPY)	53.2%	38.4%
Sector (XLF)	52.4%	38.3%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
ABR Return	10%	39%	-21%	33%	3%	-27%	22%
Peers Return	-14%	10%	-19%	2%	6%	2%	-15%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
ABR Win Rate	83%	75%	42%	58%	58%	40%
Peers Win Rate	53%	57%	50%	45%	55%	56%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
ABR Max Drawdown	-71%	-3%	-33%	-17%	-20%	-33%
Peers Max Drawdown	-64%	-6%	-34%	-22%	-11%	-21%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: DX, IVR, RC, LOAN, NLY.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	ABR	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-50.2%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	100.9%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-73.4%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	275.4%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	307 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-22.7%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	29.4%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	57 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-98.3%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	5770.7%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	Not Fully Recovered days	1480 days

Compare to DX, IVR, RC, LOAN, NLY

In The Past

Arbor Realty Trust's stock fell -50.2% during the 2022 Inflation Shock from a high on 11/1/2021. A -50.2% loss requires a 100.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Arbor Realty Trust (ABR)

Arbor Realty Trust, Inc. invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States. The company operates in two segments, Structured Business and Agency Business. It primarily invests in bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related joint ventures, 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; junior participation financing in the form of a junior participating interest in the senior debt; and financing products to borrowers who are looking to acquire conventional, workforce, and affordable single-family housing. Further, 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. Arbor Realty Trust, Inc. was incorporated in 2003 and is headquartered in Uniondale, New York.

AI Generated Analysis | Feedback

Here are 1-2 brief analogies for Arbor Realty Trust (ABR):

Rocket Mortgage for commercial and multi-family properties.
Ally Financial, but for apartment buildings and commercial real estate loans.

AI Generated Analysis | Feedback

Major Products/Services of Arbor Realty Trust (ABR)

Commercial Real Estate Debt Financing: Provides debt capital through various loan programs for the acquisition, refinancing, and development of multifamily, single-family rental, healthcare, and other commercial properties.
Loan Servicing: Manages and administers a portfolio of commercial real estate loans, including payment collection, escrow management, and handling borrower inquiries and issues.

AI Generated Analysis | Feedback

Major Customers of Arbor Realty Trust (ABR)

Arbor Realty Trust (ABR) is a real estate investment trust (REIT) that primarily sells its financial products (loans) to other companies and professional real estate entities rather than individual consumers.

Due to the nature of its business as a diversified lender, Arbor Realty Trust does not publicly disclose specific "major customer companies" by name. Their customer base consists of a broad array of private real estate developers, investors, and property owners seeking financing for their projects across the United States. Therefore, it is not possible to list specific named public companies as their major customers with corresponding stock symbols.

However, we can describe the categories of companies and entities that constitute their primary customer base:

Multifamily Real Estate Owners and Developers: These are typically private limited liability companies (LLCs), partnerships, or corporations that acquire, develop, rehabilitate, and operate apartment communities. This segment represents a significant portion of ABR's lending activity.
Commercial Real Estate Investors and Sponsors: Beyond multifamily, ABR also provides financing to private entities involved in various other commercial property types, such as office, retail, industrial, and healthcare facilities. These customers seek loans for acquisitions, refinancing, or value-add strategies.
Real Estate Investment Firms and Funds: Professional investment groups and private equity funds specializing in real estate often utilize ABR's lending services, particularly for bridge loans or other short-term financing solutions to execute their investment strategies.

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

Ivan Kaufman, Chairman, CEO and President

Ivan Kaufman is the founder, Chairman, CEO, and President of Arbor Realty Trust, Inc. He has over four decades of experience operating diverse real estate finance companies. Mr. Kaufman founded Arbor National Holdings, Inc. and its residential lending subsidiary, Arbor National Mortgage Inc., in 1983. Arbor National Mortgage became a public company in 1992 and was subsequently sold to Bank of America Corporation in 1995. He also co-founded Arbor Multifamily Acquisition Company (AMAC) in 2012. Mr. Kaufman previously served on the national and regional advisory boards of Fannie Mae.

Paul Elenio, Executive Vice President, Chief Financial Officer

Paul Elenio is responsible for overseeing all financial operations, including financial reporting, tax planning, budgeting, and investor relations for Arbor Realty Trust. He joined Arbor National Holdings, the predecessor company of Arbor Commercial Mortgage, in 1991. As Financial Reporting and Tax Supervisor, he was involved in Arbor National Holdings' 1992 Initial Public Offering. He played a key role in implementing the financial planning and analysis required to transition Arbor Realty Trust to a public company in April 2004.

John G. Caulfield, Executive Vice President, Chief Operating Officer, Agency Lending

John G. Caulfield has extensive experience in the mortgage financing industry, with a tenure of over three decades with Arbor and its associated companies. As COO, he has been instrumental in developing a unique sales and operations model that has supported Arbor's growth as a leading multifamily finance company. His responsibilities include managing the national sales team and the operational infrastructure supporting Fannie Mae, Freddie Mac, FHA, and CMBS originations and servicing platforms.

Fred Weber, Executive Vice President, Managing Director of Structured Finance & Principal Transactions

Fred Weber possesses over 25 years of experience and is recognized for his leadership in the mortgage banking and commercial real estate industries. He has significant expertise in real estate finance, acquisitions, and the restructuring and workouts of troubled loans. Mr. Weber leads a team that addresses complex financing needs for Arbor Realty Trust clients, managing the origination, underwriting, and implementation of debt and equity transactions across various commercial real estate asset types nationwide. Before joining Arbor, he was a partner and co-head of the real estate department at Kronish, Lieb, Weiner & Hellman, and also a partner with Weil, Gotshal & Manges.

John J. Bishar, Executive Vice President, Senior Counsel and Corporate Secretary

John J. Bishar brings nearly 50 years of legal expertise to Arbor Realty Trust, where he provides advice, counsel, and guidance to the Chairman, CEO, senior management, and the Board of Directors. He manages all legal activities for Arbor, including corporate matters, real estate transactions, and litigation. Mr. Bishar previously served as U.S. General Counsel of National Grid U.S.A. and as Executive Vice President, General Counsel, and Chief Governance Officer of KeySpan Corporation. He also served as a managing partner at the law firm of Cullen and Dykman LLP.

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

Arbor Realty Trust (ABR) operates in two primary business segments: Structured Business and Agency Business, focusing on the multifamily and commercial real estate markets in the United States.

Addressable Markets for Main Products and Services:

Multifamily Lending (U.S.): Arbor Realty Trust's Agency Business is heavily involved in multifamily financing through government-sponsored enterprises (GSEs) like Fannie Mae, Freddie Mac, and FHA. The U.S. multifamily lending market, which encompasses new mortgages for multifamily properties with five or more units, amounted to approximately $288.7 billion in 2024. Fannie Mae and Freddie Mac accounted for the largest share of this market by dollar volume, at 41%.
Structured Finance (U.S. and Global): Arbor Realty Trust's Structured Business focuses on structured finance assets, including bridge loans, mezzanine loans, preferred equity investments, and Commercial Mortgage-Backed Securities (CMBS). The U.S. structured finance market was estimated at approximately $388.8 billion in 2024 and is projected to be around $804.30 billion in 2025. Globally, the structured finance market was estimated at $1.4 trillion in 2024 and is projected to grow to $2.6 trillion by 2030. Another estimate places the global structured finance market size at $2.51 trillion in 2025, with a projection to reach $7.49 trillion by 2034. North America is a leading region in the global structured finance market.

AI Generated Analysis | Feedback

Expected Drivers of Future Revenue Growth for Arbor Realty Trust (ABR)

Over the next 2-3 years, Arbor Realty Trust (ABR) anticipates several key drivers to fuel its revenue growth, primarily stemming from the resolution of legacy issues and an increase in lending activities amidst an improving market environment. Here are 3-5 expected drivers:

Resolution of Nonperforming Legacy Assets: Management expects that aggressively addressing troubled loans and converting problem assets to performing loans or selling them will significantly reduce earnings volatility. This strategic focus is projected to lead to improved income stability and a more normalized run rate by the second half of 2026.
Increased Loan Originations: Arbor Realty Trust anticipates a more favorable interest rate environment and a constructive securitization market to drive higher origination volumes. The company is particularly focused on growth in its agency, single-family rental, and construction lending segments, targeting substantial origination volumes for 2025 and further scaling in 2026.
Expansion of the Single-Family Rental Business: The single-family rental business has demonstrated consistent growth, with strong origination figures reported in the third quarter of 2025 and a robust pipeline, indicating continued potential for expansion in this segment.
Strengthening of Loan Origination and Securitization Platforms: By leveraging an improved market and interest rate environment, Arbor Realty Trust expects to strengthen its loan origination and securitization platforms, which is anticipated to be a significant driver of future income growth.

AI Generated Analysis | Feedback

Share Repurchases

Arbor Realty Trust repurchased $37.431 million in shares during 2023.
The company executed $11.408 million in share buybacks in 2024.
A share repurchase program authorizing up to $50 million of outstanding common stock was approved by the board in March 2023.

Share Issuance

In 2022, Arbor Realty Trust raised approximately $486 million through common and preferred equity offerings for accretive growth capital.
The company has historically issued a significant number of additional common shares to fuel revenue growth.
Significant share issuances are expected to continue, potentially leading to some degree of dilution.

Outbound Investments

The structured portfolio grew by 19% in 2022, driven by $6.15 billion in loan originations.
Arbor Realty Trust originated $4.2 billion in new loans during 2024, with $1.1 billion occurring in the fourth quarter, growing its loan portfolio to $14.3 billion.
Approximately $4.6 billion of multifamily loans from the 2021 and 2022 vintages were identified as distressed and nearing the end of their extension periods as of Q3 2025, indicating past investment challenges.

Capital Expenditures

Capital expenditures for Arbor Realty Trust were reported as $6.3 million for June 2025.

Better Bets than Arbor Realty Trust (ABR)

	ABR	Better Performance than ABR
Metric	Value	INDUSTRY: Mortgage REITs
Rev Chg LTM	-21.0%	NLY (473.5%), DX (87.1%), RITM (25.7%), BXMT (-4.6%), STWD (-18.2%)
Rev Chg 3Y Avg	-3.2%	NLY (143.3%), AGNC (108.3%), ARR (73.0%), DX (63.4%), PMT (45.3%)
CFO/Rev LTM	83.2%	ARR (245.1%), IVR (220.1%), NLY (167.8%), ORC (111.9%), STWD (86.4%)
FCF/Rev LTM	83.2%	RC (2181.7%), ARR (245.1%), IVR (220.1%), NLY (114.7%), ORC (111.9%)
Total Yield	22.8%	NREF (44.1%), MITT (30.8%), REFI (29.3%), MFA (28.9%), PMT (24.5%)
P/S	4.5	FBRT (1.7), RITM (2.1), BRSP (2.1), TWO (2.6), MFA (3.8)

	ABR	Better Performance than ABR
Metric	Value	SECTOR: Financials
Rev Chg LTM	-21.0%	MA (14.6%), V (11.3%), BAC (8.9%), JPM (8.6%), BRK-B (-11.6%)
Rev Chg 3Y Avg	-3.2%	BRK-B (19.8%), JPM (13.4%), MA (13.2%), V (10.9%), BAC (5.2%)
CFO/Rev LTM	83.2%	NLY (167.8%), IBKR (162.0%), XP (145.7%), RY (135.4%), ARES (85.1%)
FCF/Rev LTM	83.2%	IBKR (161.3%), XP (140.4%), RY (131.7%), NLY (114.7%), ARES (83.9%)
Total Yield	22.8%	XP (65.2%), LNC (33.4%), FMCC (29.4%), VIRT (26.6%), FSK (25.3%)
P/S	4.5	BRK-B (2.7), WFC (3.2), BAC (3.6), MS (3.9), GS (4.2)

	ABR	Better Performance than ABR
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-21.0%	NVDA (71.6%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AAPL (6.0%)
Rev Chg 3Y Avg	-3.2%	NVDA (92.0%), MSFT (13.2%), AMZN (11.3%), GOOGL (11.0%), AAPL (1.8%)
CFO/Rev LTM	83.2%	GSAT (299.9%), CTRE (107.4%), RPRX (102.4%), FNV (84.7%), TFPM (83.4%)
FCF/Rev LTM	83.2%	TBPH (317.1%), SILA (114.6%), GSAT (108.0%), CTRE (103.2%), RPRX (102.4%)
Total Yield	22.8%	FLR (49.7%), RCI (40.7%), BCE (40.6%), BYD (27.0%), CMCSA (23.8%)
P/S	4.5	WMT (1.1), XOM (1.4), COST (1.5), HD (2.2), AMZN (3.5)

		Best Bets In Financials Sector
	ABR
What You Pay
P/E	12.2
P/EBIT	�
What You Get
Rev Chg Q	-28.6%
Rev Chg LTM	-21.0%
Rev Chg 3Y Avg	-3.2%
FCF/Rev 3Y Avg	72.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 21%, alpha of 9.1%, and sharpe of 0.94

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Is Arbor Realty Trust Stock Built to Withstand More Downside?	Return
2	Arbor Realty Trust (ABR) Revenue Comparison	Financials
3	Arbor Realty Trust (ABR) Operating Income Comparison	Financials
4	Arbor Realty Trust (ABR) Net Income Comparison	Financials
5	Arbor Realty Trust (ABR) Operating Cash Flow Comparison	Financials
6	Arbor Realty Trust (ABR) Tax Expense Comparison	Financials
7	Arbor Realty Trust (ABR) Debt Comparison	Financials
8	Arbor Realty Trust (ABR) EBITDA Comparison	Financials
9	Why Arbor Realty Trust Stock Moved: ABR Stock Has Lost 27% Since 2024 Fiscal End, Primarily Due To Unfavorable Change In Revenues
10	Arbor Realty Trust (ABR) Valuation Ratios Comparison	Financials

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to ABR. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
WU_11212025_Dip_Buyer_FCFYield	11212025	WU	Western Union	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.4%	3.4%	-0.4%
COIN_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	COIN	Coinbase Global	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	9.5%	9.5%	0.0%
PYPL_11142025_Dip_Buyer_FCFYield	11142025	PYPL	PayPal	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.1%	0.1%	-7.5%
V_11142025_Monopoly_xInd_xCD_Getting_Cheaper	11142025	V	Visa	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-0.1%	-0.1%	-2.7%
WD_11072025_Dip_Buyer_ValueBuy	11072025	WD	Walker & Dunlop	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-7.7%	-7.7%	-11.0%
ABR_6302025_Short_Squeeze	06302025	ABR	Arbor Realty Trust	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	-11.6%	-11.6%	-18.2%
ABR_12312024_Short_Squeeze	12312024	ABR	Arbor Realty Trust	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	-16.2%	-27.2%	-32.7%
ABR_6302024_Short_Squeeze	06302024	ABR	Arbor Realty Trust	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	1.1%	-15.6%	-29.6%
ABR_12312023_Short_Squeeze	12312023	ABR	Arbor Realty Trust	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	0.6%	2.0%	-20.2%
ABR_4302023_Short_Squeeze	04302023	ABR	Arbor Realty Trust	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	16.6%	28.5%	-4.9%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
WU_11212025_Dip_Buyer_FCFYield	11212025	WU	Western Union	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.4%	3.4%	-0.4%
COIN_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	COIN	Coinbase Global	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	9.5%	9.5%	0.0%
PYPL_11142025_Dip_Buyer_FCFYield	11142025	PYPL	PayPal	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.1%	0.1%	-7.5%
V_11142025_Monopoly_xInd_xCD_Getting_Cheaper	11142025	V	Visa	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-0.1%	-0.1%	-2.7%
WD_11072025_Dip_Buyer_ValueBuy	11072025	WD	Walker & Dunlop	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-7.7%	-7.7%	-11.0%
ABR_6302025_Short_Squeeze	06302025	ABR	Arbor Realty Trust	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	-11.6%	-11.6%	-18.2%
ABR_12312024_Short_Squeeze	12312024	ABR	Arbor Realty Trust	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	-16.2%	-27.2%	-32.7%
ABR_6302024_Short_Squeeze	06302024	ABR	Arbor Realty Trust	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	1.1%	-15.6%	-29.6%
ABR_12312023_Short_Squeeze	12312023	ABR	Arbor Realty Trust	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	0.6%	2.0%	-20.2%
ABR_4302023_Short_Squeeze	04302023	ABR	Arbor Realty Trust	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	16.6%	28.5%	-4.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Arbor Realty Trust

Peers to compare with:

Financials

	ABR	DX	IVR	RC	LOAN	NLY	Median
Name	Arbor Re.	Dynex Ca.	Invesco .	Ready Ca.	Manhatta.	Annaly C.
Mkt Price	9.09	13.89	8.19	2.78	4.73	22.82	8.64
Mkt Cap	1.8	1.9	0.6	0.5	0.1	15.0	1.2
Rev LTM	524	230	72	22	7	1,703	151
Op Inc LTM	-	-	-	-	-	-	-
FCF LTM	436	122	159	472	5	1,953	298
FCF 3Y Avg	458	71	196	329	5	1,260	262
CFO LTM	436	122	159	472	5	2,857	298
CFO 3Y Avg	458	71	196	329	5	1,976	262

Growth & Margins

	ABR	DX	IVR	RC	LOAN	NLY	Median
Name	Arbor Re.	Dynex Ca.	Invesco .	Ready Ca.	Manhatta.	Annaly C.
Rev Chg LTM	-21.0%	87.1%	-29.9%	-73.3%	-3.5%	473.5%	-12.2%
Rev Chg 3Y Avg	-3.2%	63.4%	241.0%	-52.8%	2.5%	143.3%	33.0%
Rev Chg Q	-28.6%	309.0%	27.8%	-29.1%	-9.2%	637.1%	9.3%
QoQ Delta Rev Chg LTM	-7.9%	113.8%	21.1%	-45.4%	-2.2%	81.6%	9.4%
Op Mgn LTM	-	-	-	-	-	-	-
Op Mgn 3Y Avg	-	-	-	-	-	-	-
QoQ Delta Op Mgn LTM	-	-	-	-	-	-	-
CFO/Rev LTM	83.2%	52.8%	220.1%	2,181.7%	71.0%	167.8%	125.5%
CFO/Rev 3Y Avg	72.9%	77.6%	790.7%	851.6%	70.9%	-	77.6%
FCF/Rev LTM	83.2%	52.8%	220.1%	2,181.7%	71.0%	114.7%	98.9%
FCF/Rev 3Y Avg	72.9%	77.6%	790.7%	851.6%	70.8%	-	77.6%

Valuation

	ABR	DX	IVR	RC	LOAN	NLY	Median
Name	Arbor Re.	Dynex Ca.	Invesco .	Ready Ca.	Manhatta.	Annaly C.
Mkt Cap	1.8	1.9	0.6	0.5	0.1	15.0	1.2
P/S	4.5	7.3	7.1	29.3	8.8	7.8	7.5
P/EBIT	-	-	-	-	-	-	-
P/E	12.2	9.0	9.6	-2.0	11.9	8.9	9.3
P/CFO	5.4	13.7	3.2	1.3	12.4	4.6	5.0
Total Yield	22.8%	11.1%	10.4%	-27.7%	16.8%	11.3%	11.2%
Dividend Yield	14.6%	0.0%	0.0%	21.4%	8.4%	0.0%	4.2%
FCF Yield 3Y Avg	17.0%	6.8%	40.1%	36.2%	8.5%	11.4%	14.2%
D/E	2.8	0.0	0.0	6.0	0.2	2.2	1.2
Net D/E	2.6	-0.3	-0.1	5.7	0.2	2.2	1.2

Returns

	ABR	DX	IVR	RC	LOAN	NLY	Median
Name	Arbor Re.	Dynex Ca.	Invesco .	Ready Ca.	Manhatta.	Annaly C.
1M Rtn	-4.2%	5.9%	8.6%	-4.1%	-4.8%	7.1%	0.9%
3M Rtn	-20.7%	14.6%	8.1%	-32.2%	-10.4%	9.9%	-1.1%
6M Rtn	-0.2%	24.9%	19.5%	-29.7%	-3.4%	29.0%	9.7%
12M Rtn	-27.3%	30.4%	19.1%	-56.6%	-6.1%	33.1%	6.5%
3Y Rtn	-8.9%	60.5%	3.7%	-68.6%	5.7%	58.4%	4.7%
1M Excs Rtn	-4.1%	6.0%	8.7%	-4.1%	-4.8%	7.2%	0.9%
3M Excs Rtn	-26.2%	7.8%	2.0%	-38.0%	-15.6%	3.0%	-6.8%
6M Excs Rtn	-14.9%	10.1%	4.8%	-44.5%	-18.1%	14.3%	-5.0%
12M Excs Rtn	-43.5%	15.8%	4.5%	-70.9%	-17.7%	18.2%	-6.6%
3Y Excs Rtn	-80.6%	-8.7%	-65.4%	-141.0%	-64.9%	-8.9%	-65.1%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/31/2025	2/21/2025	2/20/2024	2/17/2023	2/18/2022	2/19/2021	2/14/2020
Key Financials
Total Revenue	524	626	721	619	591	434	349
Net Income	194	265	371	326	339	171	129
EPS	0.80	1.18	1.79	1.72	2.30	1.44	1.30
Growth Rates
Total Revenue Growth	-21.0%	-13.2%	16.5%	4.8%	36.1%	24.3%	5.5%
Net Income Growth	-34.5%	-28.8%	14.0%	-4.0%	98.5%	32.9%	11.0%
Margins
Net Income Margin	37.0%	42.3%	51.5%	52.6%	57.4%	39.4%	36.8%
Cash & Debt
Total Cash	423	504	929	534	405	340	300
Total Debt	6,675	7,161	9,439	10,138	8,395	4,681	3,464
Net Debt / (Cash)	6,252	6,657	8,510	9,604	7,990	4,341	3,164
Cash Flows
Net Cash from Operations	436	462	236	1,100	217	55	-227
Free Cash from Operations	436	462	236	1,100	217	55	-227
Returns to Shareholders
Dividends	345	395	381	322	227	173	139
Share Repurchases	-0	11	37	1	149	54	13

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/31/2025	8/1/2025	5/2/2025	2/21/2025	11/1/2024	8/6/2024	5/3/2024	2/20/2024	10/27/2023	7/28/2023	5/5/2023	2/17/2023
Key Financials Quarterly
Total Revenue	112	129	131	152	157	157	161	189	177	174	182	197
Net Income	49	34	41	70	69	58	68	102	88	87	95	98
EPS	0.20	0.12	0.16	0.32	0.31	0.25	0.31	0.49	0.42	0.42	0.47	0.51
Key Financials TTM
Total Revenue TTM	524	569	597	626	663	683	700	721	729	687	658	619
Net Income TTM	194	214	237	265	296	316	345	371	368	353	347	326
Growth Rates Quarterly
Total Revenue Growth	-28.6%	-17.8%	-18.2%	-19.7%	-11.3%	-9.7%	-11.6%	-4.1%	31.5%	20.1%	27.0%	7.9%
Net Income Growth	-28.8%	-40.6%	-40.2%	-31.2%	-22.4%	-33.3%	-27.9%	3.6%	20.8%	6.6%	29.5%	-14.1%
Margins Quarterly
Net Income Margin	43.6%	26.6%	31.0%	46.3%	43.7%	36.8%	42.5%	54.0%	50.0%	49.8%	52.1%	50.0%
Cash & Debt
Total Cash	423	256	309	504	688	737	908	929	895	846	775	534
Total Debt	6,675	5,940	5,689	7,161	7,629	7,813	8,985	9,439	9,396	9,571	9,984	10,138
Net Debt / (Cash)	6,252	5,685	5,380	6,657	6,941	7,076	8,077	8,510	8,501	8,724	9,210	9,604
Cash Flows Quarterly
FCF from Operations	179	60	151	47	85	70	260	77	57	158	-57	289
Cash Flows TTM
FCF from Operations TTM	436	342	352	462	492	464	553	236	447	437	206	1,100
Returns to Shareholders Quarterly
Dividends	73	73	99	99	99	99	99	99	98	93	91	87
Share Repurchases	-0	-0	-0	-0	-0	11	-0	-0	-0	28	10	1
Return on Invested Capital (ROIC) Quarterly
ROIC	2.2%	1.7%	2.1%	3.1%	3.0%	2.5%	2.6%	3.8%	3.3%	3.2%	3.4%	3.4%
Return on Invested Capital (ROIC) TTM
ROIC TTM	2.2%	2.6%	3.0%	2.9%	3.2%	3.4%	3.4%	3.5%	3.5%	3.3%	3.1%	2.8%

Segment Financials

Assets by Segment

$ Mil	2024	2023	2022	2021	2020
Structured Business	14,138	15,628	12,980	5,876	4,856
Agency Business	1,601	1,411	2,094	1,785	1,383
Total	15,739	17,039	15,074	7,661	6,239

Price Behavior

Price Behavior

Market Price	$9.09
Market Cap ($ Bil)	1.8
First Trading Date	05/06/2004
Distance from 52W High	-28.9%
	50 Days	200 Days
DMA Price	$10.34	$10.49
DMA Trend	down	down
Distance from DMA	-12.1%	-13.3%
	3M	1YR
Volatility	39.6%	37.9%
Downside Capture	137.39	107.17
Upside Capture	-8.98	61.69
Correlation (SPY)	28.0%	45.1%

ABR Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.34	1.02	0.96	1.04	0.87	1.01
Up Beta	2.06	2.08	1.94	1.64	0.95	0.97
Down Beta	0.35	0.48	0.88	0.84	0.81	0.84
Up Capture	-53%	-18%	-9%	69%	44%	91%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	9	19	29	67	127	376
Down Capture	225%	172%	137%	112%	104%	105%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	10	21	32	54	117	366

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of ABR With Other Asset Classes (Last 1Y)
	ABR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-30.6%	5.7%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	37.7%	19.2%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-0.88	0.16	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		44.5%	45.1%	8.0%	10.4%	50.6%	25.1%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of ABR With Other Asset Classes (Last 5Y)
	ABR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	3.0%	15.3%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	35.5%	18.9%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.17	0.67	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		47.1%	46.9%	12.7%	17.4%	51.3%	20.4%

Based On 10-Year Data

		Comparison of ABR With Other Asset Classes (Last 10Y)
	ABR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	14.5%	12.5%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	39.4%	22.4%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.47	0.52	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		49.1%	45.8%	7.3%	21.3%	54.8%	13.4%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	48,027,712
Short Interest: % Change Since 10312025	4.5%
Average Daily Volume	4,267,888
Days-to-Cover Short Interest	11.25
Basic Shares Quantity	193,748,462
Short % of Basic Shares	24.8%

Returns Analyses

	Title
0	Is Arbor Realty Trust Stock Built to Withstand More Downside?

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	10312025	10-Q 9/30/2025
6302025	8012025	10-Q 6/30/2025
3312025	5022025	10-Q 3/31/2025
12312024	2212025	10-K 12/31/2024
9302024	11012024	10-Q 9/30/2024
6302024	8062024	10-Q 6/30/2024
3312024	5032024	10-Q 3/31/2024
12312023	2202024	10-K 12/31/2023
9302023	10272023	10-Q 9/30/2023
6302023	7282023	10-Q 6/30/2023
3312023	5052023	10-Q 3/31/2023
12312022	2172023	10-K 12/31/2022
9302022	11042022	10-Q 9/30/2022
6302022	7292022	10-Q 6/30/2022
3312022	5062022	10-Q 3/31/2022
12312021	2182022	10-K 12/31/2021

Industry Resources

Financials Resources

Federal Reserve Economic Data

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Arbor Realty Trust (ABR)

Market Price (12/4/2025): $9.1 | Market Cap: $1.8 BilSector: Financials | Industry: Mortgage REITs

Arbor Realty Trust (ABR)

Market Price (12/4/2025): $9.1Market Cap: $1.8 BilSector: FinancialsIndustry: Mortgage REITs

Valuation, Metrics & Events

ABR Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Arbor Realty Trust (ABR)

Major Products/Services of Arbor Realty Trust (ABR)

Major Customers of Arbor Realty Trust (ABR)

Addressable Markets for Main Products and Services:

Expected Drivers of Future Revenue Growth for Arbor Realty Trust (ABR)

Share Repurchases

Share Issuance

Outbound Investments

Capital Expenditures

Interactive Breakdown

Better Bets than Arbor Realty Trust (ABR)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Arbor Realty Trust

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (12/4/2025): $9.1 | Market Cap: $1.8 Bil
Sector: Financials | Industry: Mortgage REITs

Market Price (12/4/2025): $9.1
Market Cap: $1.8 Bil
Sector: Financials
Industry: Mortgage REITs