Arbor Realty Trust (ABR)
Market Price (5/9/2026): $7.24 | Market Cap: $1.4 BilSector: Financials | Industry: Mortgage REITs
Arbor Realty Trust (ABR)
Market Price (5/9/2026): $7.24Market Cap: $1.4 BilSector: FinancialsIndustry: Mortgage REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 29%, Dividend Yield is 21%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 25%, FCF Yield is 15% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 44%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 44% Low stock price volatilityVol 12M is 40% Megatrend and thematic driversMegatrends include Real Estate Finance & Investment. Themes include Multifamily Housing Finance, and Agency Lending. | Weak multi-year price returns2Y Excs Rtn is -73%, 3Y Excs Rtn is -86% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 465% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -19%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.0%, Rev Chg QQuarterly Revenue Change % is -12% Significant short interestShort 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 22.35, 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 24% Key risksABR key risks include [1] deteriorating loan portfolio quality, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 29%, Dividend Yield is 21%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 25%, FCF Yield is 15% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 44%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 44% |
| Low stock price volatilityVol 12M is 40% |
| Megatrend and thematic driversMegatrends include Real Estate Finance & Investment. Themes include Multifamily Housing Finance, and Agency Lending. |
| Weak multi-year price returns2Y Excs Rtn is -73%, 3Y Excs Rtn is -86% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 465% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -19%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.0%, Rev Chg QQuarterly Revenue Change % is -12% |
| Significant short interestShort 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 22.35, 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 24% |
| Key risksABR key risks include [1] deteriorating loan portfolio quality, Show more. |
Qualitative Assessment
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1. Arbor Realty Trust experienced a significant decline in its first quarter 2026 financial performance, with net income plummeting and distributable earnings missing analyst expectations.
Net income for Q1 2026 fell to $0.6 million, or $0.00 per diluted common share, a sharp decrease from $30.4 million, or $0.16 per diluted common share, in the same period of 2025. Distributable earnings also saw a substantial reduction to $0.07 per diluted common share, missing the consensus estimate of $0.16 by $0.09. Following these results, the company reset its quarterly dividend to $0.17 per share and projected lower distributable earnings of approximately $0.15 per share for Q2 2026.
2. The company continues to contend with a substantial level of non-performing assets (NPA) that are significantly impacting its earnings.
As of March 31, 2026, non-performing assets totaled approximately $1 billion, representing about 8.0% of Arbor Realty Trust's total portfolio. These assets are estimated to reduce annual earnings by $75 million to $95 million, equating to roughly $0.35 to $0.45 per share. While management has a plan to resolve $200 million to $300 million in delinquencies during Q2-Q3 2026 and target a reduction in real estate owned (REO) to $250 million to $300 million by year-end, rising 5-year and 10-year yields have prolonged the resolution timeline, contributing to ongoing investor uncertainty.
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Stock Movement Drivers
Fundamental Drivers
The -2.9% change in ABR stock from 1/31/2026 to 5/8/2026 was primarily driven by a -33.8% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 5082026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.43 | 7.21 | -2.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 524 | 485 | -7.4% |
| Net Income Margin (%) | 37.0% | 24.5% | -33.8% |
| P/E Multiple | 7.4 | 11.8 | 58.7% |
| Shares Outstanding (Mil) | 194 | 194 | -0.2% |
| Cumulative Contribution | -2.9% |
Market Drivers
1/31/2026 to 5/8/2026| Return | Correlation | |
|---|---|---|
| ABR | -2.9% | |
| Market (SPY) | 3.6% | 33.0% |
| Sector (XLF) | -3.6% | 19.2% |
Fundamental Drivers
The -23.4% change in ABR stock from 10/31/2025 to 5/8/2026 was primarily driven by a -33.8% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 5082026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.41 | 7.21 | -23.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 524 | 485 | -7.4% |
| Net Income Margin (%) | 37.0% | 24.5% | -33.8% |
| P/E Multiple | 9.4 | 11.8 | 25.2% |
| Shares Outstanding (Mil) | 194 | 194 | -0.2% |
| Cumulative Contribution | -23.4% |
Market Drivers
10/31/2025 to 5/8/2026| Return | Correlation | |
|---|---|---|
| ABR | -23.4% | |
| Market (SPY) | 5.5% | 34.2% |
| Sector (XLF) | -1.3% | 25.9% |
Fundamental Drivers
The -29.3% change in ABR stock from 4/30/2025 to 5/8/2026 was primarily driven by a -42.0% change in the company's Net Income Margin (%).| (LTM values as of) | 4302025 | 5082026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.19 | 7.21 | -29.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 626 | 485 | -22.5% |
| Net Income Margin (%) | 42.3% | 24.5% | -42.0% |
| P/E Multiple | 7.3 | 11.8 | 61.7% |
| Shares Outstanding (Mil) | 189 | 194 | -2.7% |
| Cumulative Contribution | -29.3% |
Market Drivers
4/30/2025 to 5/8/2026| Return | Correlation | |
|---|---|---|
| ABR | -29.3% | |
| Market (SPY) | 30.4% | 32.9% |
| Sector (XLF) | 6.7% | 28.9% |
Fundamental Drivers
The -8.8% change in ABR stock from 4/30/2023 to 5/8/2026 was primarily driven by a -53.4% change in the company's Net Income Margin (%).| (LTM values as of) | 4302023 | 5082026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.90 | 7.21 | -8.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 619 | 485 | -21.6% |
| Net Income Margin (%) | 52.6% | 24.5% | -53.4% |
| P/E Multiple | 4.2 | 11.8 | 177.9% |
| Shares Outstanding (Mil) | 175 | 194 | -10.1% |
| Cumulative Contribution | -8.8% |
Market Drivers
4/30/2023 to 5/8/2026| Return | Correlation | |
|---|---|---|
| ABR | -8.8% | |
| Market (SPY) | 78.7% | 38.5% |
| Sector (XLF) | 62.1% | 37.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ABR Return | 39% | -21% | 33% | 3% | -37% | 9% | 5% |
| Peers Return | 34% | -22% | 32% | -0% | 1% | -3% | 35% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 95% |
Monthly Win Rates [3] | |||||||
| ABR Win Rate | 75% | 42% | 58% | 58% | 33% | 80% | |
| Peers Win Rate | 60% | 45% | 55% | 58% | 52% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| ABR Max Drawdown | -3% | -33% | -17% | -20% | -37% | -8% | |
| Peers Max Drawdown | -6% | -29% | -13% | -13% | -13% | -14% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: WD, STWD, BXMT, RITM, LADR.
[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] 2026 data is for the year up to 5/8/2026 (YTD)
How Low Can It Go
| Event | ABR | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -14.6% | -7.8% |
| % Gain to Breakeven | 17.1% | 8.5% |
| Time to Breakeven | 67 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -20.6% | -9.5% |
| % Gain to Breakeven | 26.0% | 10.5% |
| Time to Breakeven | 43 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.3% | -6.7% |
| % Gain to Breakeven | 37.5% | 7.1% |
| Time to Breakeven | 53 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.8% | -24.5% |
| % Gain to Breakeven | 51.0% | 32.4% |
| Time to Breakeven | 284 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -71.7% | -33.7% |
| % Gain to Breakeven | 253.2% | 50.9% |
| Time to Breakeven | 221 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -13.3% | -19.2% |
| % Gain to Breakeven | 15.3% | 23.7% |
| Time to Breakeven | 16 days | 105 days |
In The Past
Arbor Realty Trust's stock fell -14.6% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 17.1% gain to breakeven.
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| Event | ABR | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -20.6% | -9.5% |
| % Gain to Breakeven | 26.0% | 10.5% |
| Time to Breakeven | 43 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.3% | -6.7% |
| % Gain to Breakeven | 37.5% | 7.1% |
| Time to Breakeven | 53 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.8% | -24.5% |
| % Gain to Breakeven | 51.0% | 32.4% |
| Time to Breakeven | 284 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -71.7% | -33.7% |
| % Gain to Breakeven | 253.2% | 50.9% |
| Time to Breakeven | 221 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -30.5% | -17.9% |
| % Gain to Breakeven | 43.8% | 21.8% |
| Time to Breakeven | 129 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -29.8% | -15.4% |
| % Gain to Breakeven | 42.5% | 18.2% |
| Time to Breakeven | 17 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -96.1% | -53.4% |
| % Gain to Breakeven | 2461.6% | 114.4% |
| Time to Breakeven | 3356 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -31.4% | -8.6% |
| % Gain to Breakeven | 45.7% | 9.5% |
| Time to Breakeven | 4020 days | 47 days |
In The Past
Arbor Realty Trust's stock fell -14.6% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 17.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Arbor Realty Trust (ABR)
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Here are 1-3 brief analogies for Arbor Realty Trust (ABR):
- Like Goldman Sachs, but focused exclusively on providing specialized debt financing (such as bridge and mezzanine loans) for commercial and multifamily real estate projects.
- The Rocket Mortgage for apartment buildings and other multifamily properties, specializing in originating and servicing their mortgages.
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- Bridge Loans: Provides short-term capital to borrowers for property acquisitions.
- Mezzanine Financing: Offers loans that are subordinate to a conventional first mortgage loan and senior to the borrower's equity.
- Preferred Equity Investments: Finances by making preferred equity investments in entities that directly or indirectly own real property.
- Junior Participation Interests: Provides financing in the form of a junior participating interest in senior debt.
- Single-Family Housing Financing: Offers financing products for borrowers acquiring conventional, workforce, and affordable single-family housing.
- Multifamily Mortgage Loan Services: Underwrites, originates, sells, and services multifamily mortgage loans, often through conduit/commercial mortgage-backed securities programs.
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Arbor Realty Trust (ABR) primarily serves other companies and sophisticated real estate investors rather than individuals for their primary residence. Based on the company description, its major customers are categories of entities in the real estate market that require financing for various projects and acquisitions. The company does not publicly disclose the names of its specific borrowing clients, but the types of companies it serves can be categorized as follows:
- Real Estate Developers and Investors: These companies or professional investment groups acquire, develop, or refinance various types of real estate assets, including multifamily properties, single-family rental portfolios, and commercial real estate. They utilize Arbor's bridge loans, mezzanine financing, preferred equity investments, and junior participation products.
- Owners and Sponsors of Multifamily Properties: These are companies or entities that own, operate, or develop multifamily residential complexes and seek specific multifamily mortgage loans, which Arbor originates, underwrites, and services through its Agency Business segment.
- Single-Family Rental (SFR) Investors/Operators: These companies or investment funds focus on acquiring and managing portfolios of single-family housing units, typically for rental income, and seek financing products tailored to this market.
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Ivan Kaufman
Chairman, CEO and President
Ivan Kaufman is the founder of Arbor Realty Trust, Inc., serving as its Chairman, CEO, and President. He also co-founded Arbor Multifamily Acquisition Company (AMAC) in 2012, an investment firm focused on acquiring and operating multifamily properties. Earlier in his career, Mr. Kaufman founded Arbor National Holdings, Inc. in 1983, which included Arbor National Mortgage, Inc. Arbor National Mortgage became a public company in 1992 and was subsequently sold to Bank of America in 1995. He has served as CEO and President of Arbor Commercial Mortgage since its inception in 1993 and launched the crowdfunding platform ArborCrowd in 2016.
Paul Elenio
Executive Vice President, Chief Financial Officer
Paul Elenio is the Chief Financial Officer of Arbor Realty Trust, a role he has held since 2005. He joined Arbor's predecessor company in 1991 and was involved in Arbor National Holdings' 1992 Initial Public Offering. Mr. Elenio was promoted to Vice President, Controller in 1995 and then Vice President of Finance in 2002, where he played a key role in the successful transition of Arbor Realty Trust to a public company in April 2004. Prior to joining Arbor, he worked in the auditing department at Ernst & Young from 1989 to 1990.
Fred Weber
Executive Vice President — Structured Finance and Principal Transactions
Fred Weber has served as Executive Vice President — Structured Finance and Principal Transactions at Arbor Realty Trust since 2003. Before that, from 1999 to 2003, he was employed by Arbor Commercial Mortgage (ACM), where he oversaw the structured finance and principal transaction group, managing the origination, underwriting, and closing coordination of debt and equity financing for various commercial real estate asset types. With over 30 years of experience in mortgage banking and real estate finance, Mr. Weber was previously a partner and co-head of the real estate department at Kronish, Lieb, Weiner & Hellman, and also a partner with Weil, Gotshal & Manges.
Andrew G. Guziewicz
Managing Director and Chief Credit Officer — Structured Finance
Andrew G. Guziewicz serves as the Managing Director and Chief Credit Officer for Structured Finance at Arbor Realty Trust.
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```htmlKey Risks to Arbor Realty Trust (ABR)
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High Leverage: Arbor Realty Trust operates with significantly high leverage, with a net debt/EBITDA ratio of 35.06x, which substantially exceeds the industry average of 1.16x. This elevated debt level increases the company's refinancing risk and vulnerability, particularly in an environment of rising interest rates.
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Credit Quality Deterioration and Real Estate Market Downturns: The company's business is highly exposed to the credit quality of its loan portfolio and the overall health of the commercial real estate market. Rising commercial real estate delinquencies, especially in sectors such as seniors housing and mobile home loans, could exert pressure on earnings and capital. The broader commercial real estate markets are currently experiencing a prolonged dislocation characterized by inflation and high interest rates, leading to decreased real estate values and an increase in delinquencies and defaults. As ABR primarily invests in structured finance assets, including bridge and mezzanine loans, these carry inherent credit risk, meaning increased defaults could result in loan losses and impaired asset values.
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Regulatory and Legal Scrutiny: Arbor Realty Trust is subject to an ongoing investigation by the Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) concerning its lending disclosures, following accusations made by short sellers. This regulatory overhang could lead to substantial fines, operational constraints, and reputational damage.
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Arbor Realty Trust (ABR) operates within several significant addressable markets in the United States, primarily focusing on multifamily and commercial real estate finance.
Multifamily Mortgage Lending and Servicing (Agency Business)
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. This figure represented a 17% increase from 2023 levels. Government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac, through which Arbor Realty Trust operates its Agency Business, accounted for 41% of this market by dollar volume in 2024.
Projections for multifamily origination volumes in the U.S. indicate continued growth:
- Fannie Mae anticipated U.S. annual multifamily originations to be in the range of $275 billion to $315 billion in 2024 (with a baseline of $295 billion) and $330 billion to $375 billion in 2025 (with a baseline of $350 billion).
- The Mortgage Bankers Association (MBA) estimated U.S. multifamily originations volume at $297 billion in 2024 and $390 billion in 2025 (as of August 2024).
- Freddie Mac expected U.S. multifamily volume to reach approximately $370 billion to $380 billion for 2025.
- The MBA further projected U.S. multifamily mortgage originations to reach $399.2 billion in 2026, indicating a 20.8% increase from the estimated 2025 total of $330.6 billion.
Structured Finance (Bridge Loans, Mezzanine Financing, Preferred Equity, and CMBS)
Arbor Realty Trust's Structured Business segment invests in a diversified portfolio of structured finance assets, including bridge and mezzanine loans, and is involved in commercial mortgage-backed securities (CMBS).
Bridge Loans
Multifamily Collateralized Loan Obligation (CLO) lending, which often includes flexible bridge loans for properties seeking stabilization, reached $19.7 billion in the U.S. multifamily sector in 2025, tripling the prior year's total. More than two-thirds of this CLO lending targeted multifamily assets. Overall, bridge loan volume for private lenders in the U.S. increased by 30% from January-August 2023 to the same period in 2024. Demand for U.S. multifamily bridge loans is expected to remain strong through 2025.
Mezzanine Financing
The global mezzanine finance market was valued at $197.52 billion in 2024 and is projected to grow to $212.58 billion in 2025. It is expected to reach $420.79 billion by 2034, with a compound annual growth rate (CAGR) of 7.88% from 2025 to 2034. North America is the largest market for mezzanine finance, accounting for approximately 60% of the global share, with the United States leading the regional market. This financing is particularly evident in sectors such as real estate.
Commercial Mortgage-Backed Securities (CMBS)
The U.S. CMBS market is a substantial and well-established market, with an estimated market capitalization of around $1.8 trillion as of December 31, 2025. Domestic, private-label CMBS issuance increased to $125.6 billion in 2025. CMBS issuance through September 30, 2025, reached $92.5 billion, representing a 27.1% increase over the first nine months of 2024.
More broadly, total U.S. commercial real estate (CRE) mortgage borrowing and lending was estimated at $498 billion in 2024, a 16% increase from $429 billion in 2023. This total is projected to reach $633.7 billion in 2025 and $805.5 billion in 2026. Multifamily properties had the highest volume within the CRE lending market, with an estimated $326 billion in 2024.
Single-Family Rental (SFR) Financing
The number of households in the U.S. single-family rental sector reached 14.4 million in 2024 and an estimated 14.6 million in 2025. There are approximately 15.0 million SFR units in the United States, with a large majority owned by individual investors, as institutional investors own less than 5% of SFR units. The build-to-rent (BTR) segment accounted for 8% of all single-family rental construction starts in the first quarter of 2024. The market value for single-family rentals in privately held funds in the U.S. was $7.5 billion in Q2 2025. This segment is considered a growing opportunity for institutional investors.
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Here are 3-5 expected drivers of future revenue growth for Arbor Realty Trust (ABR) over the next 2-3 years:
- Resolution of Nonperforming and Subperforming Loans: Arbor Realty Trust is prioritizing the resolution of its nonperforming and subperforming loans, which currently act as a drag on earnings. The company aims to address approximately $1.1 billion in nonperforming assets, with expectations to resolve $200 million to $300 million of delinquencies by mid-2026. This initiative is projected to recover up to $100 million annually in income, directly boosting net interest income by converting non-earning assets into performing ones.
- Growth in Agency Loan Originations: The company has demonstrated strong performance in its Agency Business, with agency origination volume increasing by 13.5% in 2025 to reach $5 billion. For 2026, Arbor Realty Trust is targeting a total origination volume of $8.5 billion across its diversified lending platforms. This continued growth in new loan originations directly contributes to revenue through loan sales and associated fees.
- Expansion in Single-Family Rental (SFR) and Construction Lending: Arbor Realty Trust expects significant contributions from its Single-Family Rental (SFR) and construction pipelines, projecting $1.5 billion to $2 billion from SFR and up to $1 billion from construction in 2026. These specific lending segments represent targeted areas of growth that will drive future interest income and related fees.
- Expansion of the Agency Servicing Portfolio: The company's fee-based servicing portfolio grew by 8% to $36.2 billion in 2025. This expanding portfolio generates a predictable and recurring annuity income, which is a stable component of Arbor Realty Trust's overall revenue, even with anticipated fee compression in legacy higher-fee loans.
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Share Repurchases
- Arbor Realty Trust's Board of Directors authorized a $50 million share repurchase program on March 17, 2023, which was subsequently increased to $150 million on December 11, 2023.
- The company repurchased $37.431 million of common stock in 2023.
- Arbor Realty Trust repurchased $11.408 million of its common stock in 2024.
- Between December 2025 and February 2026, $20.0 million of stock was repurchased at an average price of $7.40 per share.
Share Issuance
- In 2024, Arbor Realty Trust issued 661,708 shares at an average price of $15.16 per share.
Outbound Investments
- In 2025, the company originated $5.07 billion in Agency loans and $3.52 billion in Structured loans.
- New loan originations totaled $4.2 billion in 2024, contributing to a loan portfolio growth to $14.3 billion.
- Arbor Realty Trust set an origination target of between $8.5 billion and $9 billion for 2025.
- Significant cash gains of $56.0 million were recognized in 2025 from an equity investment, indicating a prior outbound equity investment.
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| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -4.0% |
| 01022026 | ABR | Arbor Realty Trust | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 3.0% | 3.0% | -9.8% |
| 06302025 | ABR | Arbor Realty Trust | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -22.4% | -18.8% | -28.9% |
| 12312024 | ABR | Arbor Realty Trust | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -16.2% | -36.7% | -37.1% |
| 06302024 | ABR | Arbor Realty Trust | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 1.1% | -15.6% | -29.6% |
| 12312023 | ABR | Arbor Realty Trust | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 0.6% | 2.0% | -20.2% |
| 04302023 | ABR | Arbor Realty Trust | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 16.6% | 28.5% | -4.9% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 14.00 |
| Mkt Cap | 2.5 |
| Rev LTM | 703 |
| Op Inc LTM | 128 |
| FCF LTM | 161 |
| FCF 3Y Avg | 233 |
| CFO LTM | 161 |
| CFO 3Y Avg | 233 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.5% |
| Rev Chg 3Y Avg | -5.7% |
| Rev Chg Q | 13.2% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Inc Chg LTM | 19.9% |
| Op Inc Chg 3Y Avg | -9.6% |
| Op Mgn LTM | 9.9% |
| Op Mgn 3Y Avg | 10.1% |
| QoQ Delta Op Mgn LTM | 1.2% |
| CFO/Rev LTM | 47.3% |
| CFO/Rev 3Y Avg | 49.8% |
| FCF/Rev LTM | 47.3% |
| FCF/Rev 3Y Avg | 49.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.5 |
| P/S | 4.2 |
| P/Op Inc | 14.2 |
| P/EBIT | 14.2 |
| P/E | 21.0 |
| P/CFO | 7.2 |
| Total Yield | 13.3% |
| Dividend Yield | 9.5% |
| FCF Yield 3Y Avg | 8.2% |
| D/E | 3.7 |
| Net D/E | 3.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.7% |
| 3M Rtn | -2.1% |
| 6M Rtn | -2.5% |
| 12M Rtn | -0.5% |
| 3Y Rtn | 44.0% |
| 1M Excs Rtn | -8.7% |
| 3M Excs Rtn | -8.8% |
| 6M Excs Rtn | -12.2% |
| 12M Excs Rtn | -31.5% |
| 3Y Excs Rtn | -38.7% |
Price Behavior
| Market Price | $7.21 | |
| Market Cap ($ Bil) | 1.4 | |
| First Trading Date | 05/06/2004 | |
| Distance from 52W High | -38.0% | |
| 50 Days | 200 Days | |
| DMA Price | $7.82 | $8.96 |
| DMA Trend | down | up |
| Distance from DMA | -7.8% | -19.5% |
| 3M | 1YR | |
| Volatility | 49.4% | 39.9% |
| Downside Capture | 0.87 | 0.65 |
| Upside Capture | 117.02 | 61.53 |
| Correlation (SPY) | 33.6% | 34.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.50 | 1.27 | 0.92 | 0.96 | 1.02 | 0.98 |
| Up Beta | 1.58 | 0.73 | 0.91 | 1.29 | 1.36 | 1.00 |
| Down Beta | 1.20 | 0.58 | 1.01 | 1.19 | 1.14 | 0.79 |
| Up Capture | 90% | 169% | 100% | 28% | 41% | 85% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 12 | 21 | 32 | 57 | 123 | 381 |
| Down Capture | 231% | 164% | 79% | 111% | 110% | 104% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 9 | 20 | 30 | 64 | 121 | 361 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ABR | |
|---|---|---|---|---|
| ABR | -22.0% | 39.8% | -0.52 | - |
| Sector ETF (XLF) | 5.2% | 14.6% | 0.13 | 30.1% |
| Equity (SPY) | 29.0% | 12.5% | 1.83 | 34.7% |
| Gold (GLD) | 39.8% | 27.0% | 1.22 | 19.9% |
| Commodities (DBC) | 50.6% | 18.0% | 2.21 | 2.6% |
| Real Estate (VNQ) | 13.0% | 13.5% | 0.66 | 39.9% |
| Bitcoin (BTCUSD) | -17.9% | 42.1% | -0.35 | 20.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ABR | |
|---|---|---|---|---|
| ABR | -6.3% | 36.5% | -0.09 | - |
| Sector ETF (XLF) | 8.9% | 18.6% | 0.36 | 44.9% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 46.0% |
| Gold (GLD) | 20.9% | 17.9% | 0.95 | 15.2% |
| Commodities (DBC) | 13.8% | 19.1% | 0.59 | 17.1% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.08 | 50.5% |
| Bitcoin (BTCUSD) | 6.9% | 56.0% | 0.34 | 21.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ABR | |
|---|---|---|---|---|
| ABR | 12.0% | 40.0% | 0.41 | - |
| Sector ETF (XLF) | 12.6% | 22.2% | 0.52 | 48.7% |
| Equity (SPY) | 15.1% | 17.9% | 0.72 | 45.8% |
| Gold (GLD) | 13.4% | 15.9% | 0.69 | 9.2% |
| Commodities (DBC) | 9.3% | 17.8% | 0.44 | 21.0% |
| Real Estate (VNQ) | 5.8% | 20.7% | 0.24 | 54.4% |
| Bitcoin (BTCUSD) | 67.7% | 66.9% | 1.07 | 15.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/8/2026 | -11.8% | ||
| 2/27/2026 | 9.2% | 18.3% | 4.9% |
| 10/31/2025 | -12.6% | -18.4% | -20.1% |
| 8/1/2025 | 0.4% | 5.4% | 9.8% |
| 5/2/2025 | -3.1% | -6.2% | -12.3% |
| 2/21/2025 | -13.3% | -12.5% | -8.1% |
| 11/1/2024 | 0.7% | 2.7% | 1.6% |
| 5/3/2024 | -1.5% | -1.8% | 10.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 18 | 14 | 14 |
| # Negative | 6 | 9 | 9 |
| Median Positive | 4.0% | 4.8% | 10.6% |
| Median Negative | -7.4% | -4.9% | -7.8% |
| Max Positive | 10.0% | 18.3% | 58.5% |
| Max Negative | -13.3% | -18.4% | -20.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 07/28/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 07/29/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Tsunis, George | Direct | Buy | 3182026 | 7.85 | 1,927 | 15,127 | 196,172 | Form | |
| 2 | Green, William C | Direct | Buy | 12012025 | 9.02 | 12,800 | 115,456 | 1,852,870 | Form | |
| 3 | Friedman, David Erwin | CCO & Head of Non-Agcy Prod | Direct | Buy | 11182025 | 8.30 | 2,508 | 20,816 | 588,644 | Form |
| 4 | Lazar, Melvin F | Direct | Buy | 11182025 | 8.28 | 5,000 | 41,400 | 1,984,832 | Form | |
| 5 | Kaufman, Ivan | COB, CEO and President | IK Main LLC, wholly owned and managed by reporting person | Buy | 11172025 | 8.34 | 29,000 | 241,860 | 450,360 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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