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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 2, 2024
Arbor Realty Trust, Inc.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Maryland
(STATE OF INCORPORATION)
001-32136
20-0057959
(COMMISSION FILE NUMBER) (IRS EMPLOYER ID. NUMBER)
333 Earle Ovington Boulevard, Suite 900
11553
Uniondale, New York
(ZIP CODE)
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) 
(516) 506-4200
(REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbolsName of each exchange on which registered
Common Stock, par value $0.01 per shareABRNew York Stock Exchange
Preferred Stock, 6.375% Series D Cumulative Redeemable, par value $0.01 per shareABR-PDNew York Stock Exchange
Preferred Stock, 6.25% Series E Cumulative Redeemable, par value $0.01 per shareABR-PENew York Stock Exchange
Preferred Stock, 6.25% Series F Fixed-to-Floating Rate Cumulative Redeemable, par value $0.01 per shareABR-PFNew York Stock Exchange


Item 2.02    Results of Operations and Financial Condition.
On August 2, 2024, Arbor Realty Trust, Inc. issued a press release announcing its earnings for the quarter ended June 30, 2024, a copy of which is attached hereto as Exhibit 99.1.
Item 9.01    Financial Statements and Exhibits.
(d) Exhibits
Exhibit NumberExhibit
104Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.


SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ARBOR REALTY TRUST, INC.
By:/s/ Paul Elenio
Name:Paul Elenio
Title:Chief Financial Officer
Date: August 2, 2024


arbormulti-brandxlogox3cxc.jpg

Arbor Realty Trust Reports Second Quarter 2024 Results and Declares Dividend of $0.43 per Share

Company Highlights:
•GAAP net income of $0.25 and distributable earnings of $0.45, per diluted common share1
•Declares cash dividend on common stock of $0.43 per share
•Strong liquidity position with ~$725 million in cash and liquidity and ~$215 million of CLO restricted cash2
•Agency loan originations of $1.15 billion; a servicing portfolio of ~$32.28 billion, up 3%
•Structured loan originations of $227.2 million, runoff of $629.6 million and a portfolio of ~$11.87 billion
•Redeemed our 5.75% senior notes at maturity for ~$90.0 million
•Repurchased $11.4 million of common stock at an average price of $12.19 per share

Uniondale, NY, August 2, 2024 -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced financial results for the second quarter ended June 30, 2024. Arbor reported net income for the quarter of $47.4 million, or $0.25 per diluted common share, compared to net income of $76.2 million, or $0.41 per diluted common share for the quarter ended June 30, 2023. Distributable earnings for the quarter was $91.6 million, or $0.45 per diluted common share, compared to $114.0 million, or $0.57 per diluted common share for the quarter ended June 30, 2023.







Arbor Realty Trust Reports Second Quarter 2024 Results and Declares Dividend of $0.43 per Share
August 2, 2024
Page 2
Agency Business
Loan Origination Platform
 Agency Loan Volume (in thousands)
 Quarter Ended
 June 30, 2024March 31, 2024
Fannie Mae$742,724 $458,429 
Freddie Mac346,821 370,102 
Private Label34,714 15,410 
SFR-Fixed Rate24,996 2,318 
Total Originations$1,149,255 $846,259 
 
Total Loan Sales$1,135,287 $1,085,374 
  
Total Loan Commitments$1,099,713 $934,243 
For the quarter ended June 30, 2024, the Agency Business generated revenues of $76.8 million, compared to $66.6 million for the first quarter of 2024. Gain on sales, including fee-based services, net was $17.4 million for the quarter, reflecting a margin of 1.54%, compared to $16.7 million and 1.54% for the first quarter of 2024. Income from mortgage servicing rights was $14.5 million for the quarter, reflecting a rate of 1.32% as a percentage of loan commitments, compared to $10.2 million and 1.32% (excluding $160.2 million of loan commitments not serviced for a fee) for the first quarter of 2024.
At June 30, 2024, loans held-for-sale was $342.9 million, with financing associated with these loans totaling $335.2 million.
Fee-Based Servicing Portfolio
The Company’s fee-based servicing portfolio totaled $32.28 billion at June 30, 2024. Servicing revenue, net was $29.9 million for the quarter and consisted of servicing revenue of $46.8 million, net of amortization of mortgage servicing rights totaling $16.9 million.

Arbor Realty Trust Reports Second Quarter 2024 Results and Declares Dividend of $0.43 per Share
August 2, 2024
Page 3
 Fee-Based Servicing Portfolio ($ in thousands)
 June 30, 2024March 31, 2024
 UPBWtd. Avg. Fee (bps)Wtd. Avg. Life (years)UPBWtd. Avg. Fee (bps)Wtd. Avg. Life (years)
Fannie Mae$22,114,193 46.77.0$21,548,221 47.17.2
Freddie Mac5,587,178 22.77.45,301,291 23.47.7
Private Label2,547,308 18.96.02,524,013 18.96.3
FHA1,369,507 14.418.91,365,329 14.419.0
Bridge380,547 10.93.4380,712 10.93.6
SFR-Fixed Rate279,962 20.14.9265,429 20.15.0
Total$32,278,695 38.47.5$31,384,995 38.87.7
Loans sold under the Fannie Mae program contain an obligation to partially guarantee the performance of the loan (“loss-sharing obligations”) and includes $34.8 million for the fair value of the guarantee obligation undertaken at June 30, 2024. The Company recorded a $4.4 million net provision for loss sharing associated with CECL for the second quarter of 2024. At June 30, 2024, the Company’s total CECL allowance for loss-sharing obligations was $41.8 million, representing 0.19% of the Fannie Mae servicing portfolio.
Structured Business
Portfolio and Investment Activity
 Structured Portfolio Activity ($ in thousands)
 Quarter Ended
 June 30, 2024March 31, 2024
 UPB% UPB%
Bridge:  
Multifamily$19,650 9 %$39,235 15 %
SFR185,500 82 %171,490 67 %
Land10,350 4 %— — %
215,500 95 %210,725 82 %
 .
Mezzanine/Preferred Equity11,684 5 %45,129 18 %
Total Originations$227,184 100 %$255,854 100 %
    
Number of Loans Originated45 59 
   
SFR Commitments$277,260  $411,617  
   
Loan Runoff$629,641  $640,018  


Arbor Realty Trust Reports Second Quarter 2024 Results and Declares Dividend of $0.43 per Share
August 2, 2024
Page 4
Structured Portfolio ($ in thousands)
June 30, 2024March 31, 2024
UPB% UPB%
Bridge:  
Multifamily$9,679,128 82 %$10,254,756 84 %
SFR1,622,269 14 %1,445,028 12 %
Other176,855 1 %166,505 1 %
11,478,252 97 %11,866,289 97 %
   
Mezzanine/Preferred Equity389,981 3 %377,845 3 %
SFR Permanent4,975 <1%5,728 <1%
Total Portfolio$11,873,208 100 %$12,249,862 100 %
At June 30, 2024, the loan and investment portfolio’s unpaid principal balance ("UPB"), excluding loan loss reserves, was $11.87 billion, with a weighted average interest rate of 7.79%, compared to $12.25 billion and 8.07% at March 31, 2024. Including certain fees earned and costs associated with the loan and investment portfolio, the weighted average interest rate was 8.60% at June 30, 2024, compared to 8.81% at March 31, 2024. The decrease in rate was primarily due to an increase in non-performing loans and new non-accrual loans in the second quarter of 2024.
The average balance of the Company’s loan and investment portfolio during the second quarter of 2024, excluding loan loss reserves, was $12.15 billion with a weighted average yield of 8.99%, compared to $12.52 billion and 9.44% for the first quarter of 2024.
During the second quarter of 2024, the Company recorded a $28.9 million provision for loan losses associated with CECL. At June 30, 2024, the Company’s total allowance for loan losses was $238.9 million. The Company had 24 non-performing loans with a UPB of $676.2 million, before related loan loss reserves of $28.1 million, compared to twenty-one loans with a UPB of $464.8 million, before loan loss reserves of $32.9 million at March 31, 2024.
In addition, at June 30, 2024, the Company had fourteen loans with a total UPB of $367.9 million (before related loan loss reserves of $15.0 million) that were less than 60 days past due, compared to twelve loans with a total UPB of $489.4 million at March 31, 2024. Interest income on these loans is only being recorded to the extent cash is received.
During the second quarter of 2024, the Company modified twenty-eight loans with a total UPB of $733.3 million. Fifteen of these loans with a total UPB of $398.1 million, contained interest rates based on pricing over SOFR ranging from 3.25% to 5.25%. Under the loan modification terms, borrowers invested additional capital to recapitalize their deals in exchange for temporary rate relief, which we provided through a pay and accrual feature. At June 30, 2024, these modified loans had a weighted average pay rate of 7.18% and a weighted average accrual rate of 2.14%. A portion of these

Arbor Realty Trust Reports Second Quarter 2024 Results and Declares Dividend of $0.43 per Share
August 2, 2024
Page 5
loans totaling $92.7 million were less than 60 days past due and $62.0 million were non-performing at March 31, 2024, and are now current in accordance with their modified terms.
Financing Activity
The balance of debt that finances the Company’s loan and investment portfolio at June 30, 2024 was $10.26 billion with a weighted average interest rate including fees of 7.53%, as compared to $11.11 billion and a rate of 7.44% at March 31, 2024.
The average balance of debt that finances the Company’s loan and investment portfolio for the second quarter of 2024 was $10.81 billion, as compared to $11.37 billion for the first quarter of 2024. The average cost of borrowings for the second quarter of 2024 was 7.54%, compared to 7.50% for the first quarter of 2024.
Dividend
The Company announced today that its Board of Directors has declared a quarterly cash dividend of $0.43 per share of common stock for the quarter ended June 30, 2024. The dividend is payable on August 30, 2024 to common stockholders of record on August 16, 2024.
Earnings Conference Call
The Company will host a conference call today at 10:00 a.m. Eastern Time. A live webcast and replay of the conference call will be available at www.arbor.com in the investor relations section of the Company’s website, or you can access the call telephonically at least ten minutes prior to the conference call. The dial-in numbers are (800) 274-8461 for domestic callers and (203) 518-9843 for international callers. Please use participant passcode ABRQ224 when prompted by the operator.
A telephonic replay of the call will be available until August 9, 2024. The replay dial-in numbers are (800) 938-2487 for domestic callers and (402) 220-9026 for international callers.
About Arbor Realty Trust, Inc.
Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. Headquartered in New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS® lender and Freddie Mac Optigo® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor’s product platform also includes bridge, CMBS, mezzanine and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality, and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.

Arbor Realty Trust Reports Second Quarter 2024 Results and Declares Dividend of $0.43 per Share
August 2, 2024
Page 6
Safe Harbor Statement
Certain items in this press release may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Arbor can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from Arbor’s expectations include, but are not limited to, changes in economic conditions generally, and the real estate markets specifically, continued ability to source new investments, changes in interest rates and/or credit spreads, and other risks detailed in Arbor’s Annual Report on Form 10-K for the year ended December 31, 2023 and its other reports filed with the SEC. Such forward-looking statements speak only as of the date of this press release. Arbor expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Arbor’s expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.
Notes
1.During the quarterly earnings conference call, the Company may discuss non-GAAP financial measures as defined by SEC Regulation G. In addition, the Company has used non-GAAP financial measures in this press release. A supplemental schedule of non-GAAP financial measures and the comparable GAAP financial measure can be found on the last page of this release.
2.Amounts reflect approximate balances as of July 31, 2024.
Contact:
Arbor Realty Trust, Inc.
Paul Elenio, Chief Financial Officer
516-506-4422
pelenio@arbor.com

Arbor Realty Trust Reports Second Quarter 2024 Results and Declares Dividend of $0.43 per Share
August 2, 2024
Page 7
ARBOR REALTY TRUST, INC. AND SUBSIDIARIES
Consolidated Statements of Income - (Unaudited)
($ in thousands—except share and per share data)
 
Quarter Ended June 30,
Six Months Ended June 30,
 2024202320242023
Interest income$297,188 $335,737 $618,480 $663,685 
Interest expense209,227 227,195 426,903 446,569 
Net interest income87,961 108,542 191,577 217,116 
Other revenue:  
Gain on sales, including fee-based services, net17,448 22,587 34,114 37,176 
Mortgage servicing rights14,534 16,201 24,733 34,659 
Servicing revenue, net29,910 32,347 61,436 61,913 
Property operating income1,444 1,430 3,014 2,811 
Loss on derivative instruments, net(275)(7,384)(5,533)(3,161)
Other income, net2,081 45 4,414 4,923 
Total other revenue65,142 65,226 122,178 138,321 
Other expenses:  
Employee compensation and benefits42,836 41,310 90,529 83,708 
Selling and administrative12,823 12,584 26,756 26,207 
Property operating expenses1,584 1,365 3,262 2,747 
Depreciation and amortization2,423 2,387 4,994 5,011 
Provision for loss sharing (net of recoveries)4,333 7,672 4,607 10,848 
Provision for credit losses (net of recoveries)29,564 13,878 48,682 36,395 
Total other expenses93,563 79,196 178,830 164,916 
Income before extinguishment of debt, sale of real estate, income from equity affiliates and income taxes59,540 94,572 134,925 190,521 
Loss on extinguishment of debt(412)(1,247)(412)(1,247)
Gain on sale of real estate3,813 — 3,813 — 
Income from equity affiliates2,793 5,560 4,211 19,886 
Provision for income taxes(3,901)(5,553)(7,493)(13,582)
Net income61,833 93,332 135,044 195,578 
Preferred stock dividends10,342 10,342 20,684 20,684 
Net income attributable to noncontrolling interest4,094 6,826 9,090 14,411 
Net income attributable to common stockholders$47,397 $76,164 $105,270 $160,483 
Basic earnings per common share$0.25 $0.42 $0.56 $0.88 
Diluted earnings per common share$0.25 $0.41 $0.56 $0.87 
Weighted average shares outstanding:  
Basic188,655,801181,815,469188,683,095181,468,002
Diluted205,487,711216,061,876205,499,619215,489,604
Dividends declared per common share$0.43 $0.42 $0.86 $0.82 

Arbor Realty Trust Reports Second Quarter 2024 Results and Declares Dividend of $0.43 per Share
August 2, 2024
Page 8
ARBOR REALTY TRUST, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
($ in thousands—except share and per share data)
 June 30, 2024December 31, 2023
 (Unaudited)
Assets:  
Cash and cash equivalents$737,485 $928,974 
Restricted cash218,228 608,233 
Loans and investments, net (allowance credit losses of $238,923 and $195,664)
11,603,944 12,377,806 
Loans held-for-sale, net342,870 551,707 
Capitalized mortgage servicing rights, net380,719 391,254 
Securities held-to-maturity, net (allowance credit losses of $9,132 and $6,256)
156,080 155,279 
Investments in equity affiliates72,872 79,303 
Due from related party105,097 64,421 
Goodwill and other intangible assets89,032 91,378 
Other assets490,885 490,281 
Total assets$14,197,212 $15,738,636 
Liabilities and Equity:  
Credit and repurchase facilities$3,160,384 $3,237,827 
Securitized debt5,716,513 6,935,010 
Senior unsecured notes1,245,956 1,333,968 
Convertible senior unsecured notes284,473 283,118 
Junior subordinated notes to subsidiary trust issuing preferred securities144,275 143,896 
Due to related party2,709 13,799 
Due to borrowers75,837 121,707 
Allowance for loss-sharing obligations76,561 71,634 
Other liabilities303,865 343,072 
Total liabilities11,010,573 12,484,031 
Equity:  
Arbor Realty Trust, Inc. stockholders' equity:  
Preferred stock, cumulative, redeemable, $0.01 par value: 100,000,000 shares authorized, shares issued and outstanding by period:633,684 633,684 
Special voting preferred shares - 16,293,589 shares
  
6.375% Series D - 9,200,000 shares
  
6.25% Series E - 5,750,000 shares
  
6.25% Series F - 11,342,000 shares
  
Common stock, $0.01 par value: 500,000,000 shares authorized - 188,548,879 and 188,505,264 shares issued and outstanding
1,885 1,885 
Additional paid-in capital2,361,466 2,367,188 
Retained earnings57,894 115,216 
Total Arbor Realty Trust, Inc. stockholders’ equity3,054,929 3,117,973 
Noncontrolling interest131,710 136,632 
Total equity3,186,639 3,254,605 
Total liabilities and equity$14,197,212 $15,738,636 

Arbor Realty Trust Reports Second Quarter 2024 Results and Declares Dividend of $0.43 per Share
August 2, 2024
Page 9
ARBOR REALTY TRUST, INC. AND SUBSIDIARIES
Statement of Income Segment Information - (Unaudited)
(in thousands)
 
Quarter Ended June 30, 2024
 Structured
Business		Agency
Business
Other (1)
Consolidated
Interest income$282,077 $15,111 $— $297,188 
Interest expense203,062 6,165 — 209,227 
Net interest income79,015 8,946 — 87,961 
Other revenue:    
Gain on sales, including fee-based services, net— 17,448 — 17,448 
Mortgage servicing rights— 14,534 — 14,534 
Servicing revenue— 46,797 — 46,797 
Amortization of MSRs— (16,887)— (16,887)
Property operating income1,444 — — 1,444 
Loss on derivative instruments, net— (275)— (275)
Other income, net1,975 106 — 2,081 
Total other revenue3,419 61,723 — 65,142 
Other expenses:    
Employee compensation and benefits15,805 27,031 — 42,836 
Selling and administrative5,828 6,995 — 12,823 
Property operating expenses1,584 — — 1,584 
Depreciation and amortization1,250 1,173 — 2,423 
Provision for loss sharing (net of recoveries)— 4,333 — 4,333 
Provision for credit losses (net of recoveries)28,030 1,534 — 29,564 
Total other expenses52,497 41,066 — 93,563 
Income before extinguishment of debt, sale of real estate, income from equity affiliates and income taxes29,937 29,603 — 59,540 
Loss on extinguishment of debt(412)— — (412)
Gain on sale of real estate3,813 — — 3,813 
Income from equity affiliates2,793 — — 2,793 
Benefit from (provision for) income taxes865 (4,766)— (3,901)
Net income36,996 24,837 — 61,833 
Preferred stock dividends10,342 — — 10,342 
Net income attributable to noncontrolling interest— — 4,094 4,094 
Net income attributable to common stockholders$26,654 $24,837 $(4,094)$47,397 
(1)Includes income allocated to the noncontrolling interest holders not allocated to the two reportable segments.

Arbor Realty Trust Reports Second Quarter 2024 Results and Declares Dividend of $0.43 per Share
August 2, 2024
Page 10
ARBOR REALTY TRUST, INC. AND SUBSIDIARIES
Balance Sheet Segment Information - (Unaudited)
(in thousands)
 June 30, 2024
 Structured
Business		Agency
Business		Consolidated
Assets:   
Cash and cash equivalents$272,614 $464,871 $737,485 
Restricted cash203,223 15,005 218,228 
Loans and investments, net11,603,944 — 11,603,944 
Loans held-for-sale, net— 342,870 342,870 
Capitalized mortgage servicing rights, net— 380,719 380,719 
Securities held-to-maturity, net— 156,080 156,080 
Investments in equity affiliates72,872 — 72,872 
Goodwill and other intangible assets12,500 76,532 89,032 
Other assets and due from related party521,039 74,943 595,982 
 Total assets$12,686,192 $1,511,020 $14,197,212 
    
Liabilities:   
Debt obligations$10,216,430 $335,171 $10,551,601 
Allowance for loss-sharing obligations— 76,561 76,561 
Other liabilities and due to related party305,813 76,598 382,411 
 Total liabilities$10,522,243 $488,330 $11,010,573 

Arbor Realty Trust Reports Second Quarter 2024 Results and Declares Dividend of $0.43 per Share
August 2, 2024
Page 11
ARBOR REALTY TRUST, INC. AND SUBSIDIARIES
Reconciliation of Distributable Earnings to GAAP Net Income - (Unaudited)
($ in thousands—except share and per share data)
 
Quarter Ended June 30,
Six Months Ended June 30,
 2024202320242023
Net income attributable to common stockholders$47,397 $76,164 $105,270 $160,483 
   
Adjustments:  
Net income attributable to noncontrolling interest4,094 6,826 9,090 14,411 
Income from mortgage servicing rights(14,534)(16,201)(24,733)(34,659)
Deferred tax benefit(2,944)(7,360)(6,896)(4,197)
Amortization and write-offs of MSRs19,518 21,204 37,936 39,927 
Depreciation and amortization3,044 4,058 6,239 8,353 
Loss on extinguishment of debt412 1,247 412 1,247 
Provision for credit losses, net31,457 16,810 46,260 40,515 
Loss on derivative instruments, net371 8,085 5,894 1,034 
Stock-based compensation2,750 3,193 8,772 9,094 
   
Distributable earnings (1)$91,565 $114,026 $188,244 $236,208 
   
Diluted distributable earnings per share (1)$0.45 $0.57 $0.92 $1.19 
   
Diluted weighted average shares outstanding (1) (2)205,487,711198,791,261205,499,619198,239,006
(1)Amounts are attributable to common stockholders and OP Unit holders. The OP Units are redeemable for cash, or at the Company's option for shares of the Company's common stock on a one-for-one basis.
(2)The diluted weighted average shares outstanding exclude the potential shares issuable upon conversion and settlement of the Company's convertible senior notes principal balance.
The Company is presenting distributable earnings because management believes it is an important supplemental measure of the Company's operating performance and is useful to investors, analysts and other parties in the evaluation of REITs and their ability to provide dividends to stockholders. Dividends are one of the principal reasons investors invest in REITs. To maintain REIT status, REITs are required to distribute at least 90% of their REIT-taxable income. The Company considers distributable earnings in determining its quarterly dividend and believes that, over time, distributable earnings is a useful indicator of the Company's dividends per share.
The Company defines distributable earnings as net income (loss) attributable to common stockholders computed in accordance with GAAP, adjusted for accounting items such as depreciation and amortization (adjusted for unconsolidated joint ventures), non-cash stock-based compensation expense, income from MSRs, amortization and write-offs of MSRs, gains/losses on derivative instruments primarily associated with Private Label loans not yet sold and securitized, changes in fair value of GSE-related derivatives that temporarily flow through earnings, deferred tax provision (benefit), CECL provisions for credit losses (adjusted for realized losses as described below) and gains/losses on the receipt of real estate from the settlement of loans (prior to the sale of the real estate). The Company also adds back one-time charges such as acquisition costs and one-time gains/losses on the early extinguishment of debt and redemption of preferred stock.
The Company reduces distributable earnings for realized losses in the period management determines that a loan is deemed nonrecoverable in whole or in part. Loans are deemed nonrecoverable upon the earlier of: (1) when the loan receivable is settled (i.e., when the loan is repaid, or in the case of foreclosure, when the underlying asset is sold); or (2) when management determines that it is nearly certain that all amounts due will not be collected. The realized loss amount is equal to the difference between the cash received, or expected to be received, and the book value of the asset.

Arbor Realty Trust Reports Second Quarter 2024 Results and Declares Dividend of $0.43 per Share
August 2, 2024
Page 12
Distributable earnings is not intended to be an indication of the Company's cash flows from operating activities (determined in accordance with GAAP) or a measure of its liquidity, nor is it entirely indicative of funding the Company's cash needs, including its ability to make cash distributions. The Company's calculation of distributable earnings may be different from the calculations used by other companies and, therefore, comparability may be limited.

v3.24.2.u1
Cover
Aug. 02, 2024
Document Information [Line Items]  
Document Type 8-K
Document Period End Date Aug. 02, 2024
Entity Registrant Name Arbor Realty Trust, Inc.
Entity Incorporation, State or Country Code MD
Entity File Number 001-32136
Entity Tax Identification Number 20-0057959
Entity Address, Address Line One 333 Earle Ovington Boulevard
Entity Address, Address Line Two Suite 900
Entity Address, City or Town Uniondale
Entity Address, State or Province NY
Entity Address, Postal Zip Code 11553
City Area Code 516
Local Phone Number 506-4200
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0001253986
Amendment Flag false
Common Stock, par value $0.01 per share  
Document Information [Line Items]  
Title of 12(b) Security Common Stock, par value $0.01 per share
Trading Symbol ABR
Security Exchange Name NYSE
Preferred Stock, 6.375% Series D Cumulative Redeemable, par value $0.01 per share  
Document Information [Line Items]  
Title of 12(b) Security Preferred Stock, 6.375% Series D Cumulative Redeemable, par value $0.01 per share
Trading Symbol ABR-PD
Security Exchange Name NYSE
Preferred Stock, 6.25% Series E Cumulative Redeemable, par value $0.01 per share  
Document Information [Line Items]  
Title of 12(b) Security Preferred Stock, 6.25% Series E Cumulative Redeemable, par value $0.01 per share
Trading Symbol ABR-PE
Security Exchange Name NYSE
Preferred Stock, 6.25% Series F Fixed-to-Floating Rate Cumulative Redeemable, par value $0.01 per share  
Document Information [Line Items]  
Title of 12(b) Security Preferred Stock, 6.25% Series F Fixed-to-Floating Rate Cumulative Redeemable, par value $0.01 per share
Trading Symbol ABR-PF
Security Exchange Name NYSE
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