Arbor Realty Trust (ABR) Financial Statements (2024 and earlier)

Company Profile

Business Address 333 EARLE OVINGTON BOULEVARD
UNIONDALE, NY 11553
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments534,357404,580339,528299,687160,063104,374
Cash and cash equivalents534,357404,580339,528299,687160,063104,374
Total current assets:534,357404,580339,528299,687160,063104,374
Noncurrent Assets
Operating lease, right-of-use asset    20,100
Long-term investments and receivables79,13089,67674,27441,80021,58023,653
Long-term investments79,13089,67674,27441,80021,58023,653
Intangible assets, net (including goodwill), including:96,069100,760105,451110,700116,165121,766
Goodwill 56,60056,60056,60056,60056,62656,626
Intangible assets, net (excluding goodwill) 39,44344,13448,82554,07559,53965,140
Other undisclosed intangible assets, net (including goodwill)26262625  
Total noncurrent assets:175,199190,436179,725172,600137,745145,419
Other undisclosed assets16,329,42914,478,8297,141,7335,766,8734,314,3673,376,152
TOTAL ASSETS:17,038,98515,073,8457,660,9866,239,1604,612,1753,625,945
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities13,967,10612,523,8616,178,3014,883,1333,546,6092,761,389
Total liabilities:13,967,10612,523,8616,178,3014,883,1333,546,6092,761,389
Equity
Equity, attributable to parent2,936,9962,418,1221,344,3711,184,610895,238695,825
Preferred stock633,684556,16389,47289,50189,50289,508
Common stock1,7821,5141,2321,097840617
Additional paid in capital2,204,4811,797,9131,317,1091,154,932879,029707,450
Accumulated other comprehensive income      176
Retained earnings (accumulated deficit)97,04962,532(63,442)(60,920)(74,133)(101,926)
Equity, attributable to noncontrolling interest134,883131,862138,314171,417170,328168,731
Total equity:3,071,8792,549,9841,482,6851,356,0271,065,566864,556
TOTAL LIABILITIES AND EQUITY:17,038,98515,073,8457,660,9866,239,1604,612,1753,625,945

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,158,162722,838541,655494,489426,023272,772
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset152,068133,429103,607103,22394,158
Gain on disposition of assets for financial service operations55,816123,13794,60765,65270,002
Net investment income948,401466,087339,465315,940251,768156,177
Financial services revenue105,622
Cost of revenue(80,694)(34,300)(109,188)(48,681)(48,124)(47,202)
Provision for loan, lease, and other losses(20,818)24,315(59,966)  
Amortization of mortgage servicing rights (msrs)(59,876)(58,615)(49,222)(48,681)(48,124)(47,202)
Gross profit:1,077,468688,538432,467445,808377,899225,570
Operating expenses(257,064)(198,024)(270,198)(182,308)(169,454)(149,889)
Other operating income (expense), net
(Noninterest Income, Other Operating Income)
(17,563)7,5664,109(784)8,161685
Other undisclosed operating income (loss)  (73,988)70,172   
Operating income:802,841424,092236,550262,716216,60676,366
Nonoperating income
(Mortgage Servicing Rights (MSR) Impairment (Recovery))
  19,68123,568   
Interest and debt expense(562,550)(215,379)(172,762)(193,838)(158,859)(82,956)
Income (loss) from continuing operations before equity method investments, income taxes:240,291228,39487,35668,87857,747(6,590)
Income (loss) from equity method investments14,24734,56776,16110,6351,196(2,951)
Income (loss) from continuing operations before income taxes:254,538262,961163,51779,51358,943(9,541)
Income tax expense(17,484)(46,285)(40,393)(15,036)(9,731)(13,359)
Income (loss) from continuing operations:237,054216,676123,12464,47749,212(22,900)
Income (loss) before gain (loss) on sale of properties:216,676123,12464,47749,212(22,900)
Other undisclosed net income116,773161,13173,03390,76198,839120,409
Net income:353,827377,807196,157155,238148,05197,509
Net loss attributable to noncontrolling interest(28,044)(38,507)(25,208)(26,610)(32,185)(24,120)
Net income attributable to parent:325,783339,300170,949128,628115,86673,389
Preferred stock dividends and other adjustments(40,954)(21,888)(7,554)(7,554)(7,554)(7,554)
Net income available to common stockholders, basic:284,829317,412163,395121,074108,31265,835
Interest on convertible debt20,166     
Other undisclosed net income (loss) available to common stockholders, diluted(20,166)38,50725,20826,61032,18524,120
Net income available to common stockholders, diluted:284,829355,919188,603147,684140,49789,955

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:353,827377,807196,157155,238148,05197,509
Other undisclosed comprehensive loss     (176)(145)
Comprehensive income:353,827377,807196,157155,238147,87597,364
Comprehensive loss, net of tax, attributable to noncontrolling interest(28,044)(38,507)(25,208)(26,610)(32,142)(24,091)
Comprehensive income, net of tax, attributable to parent:325,783339,300170,949128,628115,73373,273

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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