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)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 928,974 | 534,357 | 404,580 | 339,528 | 299,687 | 160,063 | |||
| Cash and cash equivalents | 928,974 | 534,357 | 404,580 | 339,528 | 299,687 | 160,063 | |||
| Total current assets: | 928,974 | 534,357 | 404,580 | 339,528 | 299,687 | 160,063 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 20,100 | ✕ | |||||||
| Long-term investments and receivables | 79,303 | 79,130 | 89,676 | 74,274 | 41,800 | 21,580 | |||
| Long-term investments | 79,303 | 79,130 | 89,676 | 74,274 | 41,800 | 21,580 | |||
| Intangible assets, net (including goodwill), including: | 91,378 | 96,069 | 100,760 | 105,451 | 110,700 | 116,165 | |||
| Goodwill | 56,600 | 56,600 | 56,600 | 56,600 | 56,600 | 56,626 | |||
| Intangible assets, net (excluding goodwill) | 34,752 | 39,443 | 44,134 | 48,825 | 54,075 | 59,539 | |||
| Other undisclosed intangible assets, net (including goodwill) | 26 | 26 | 26 | 26 | 25 | ||||
| Total noncurrent assets: | 170,681 | 175,199 | 190,436 | 179,725 | 172,600 | 137,745 | |||
| Other undisclosed assets | 14,638,981 | 16,329,429 | 14,478,829 | 7,141,733 | 5,766,873 | 4,314,367 | |||
| TOTAL ASSETS: | 15,738,636 | 17,038,985 | 15,073,845 | 7,660,986 | 6,239,160 | 4,612,175 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 12,484,031 | 13,967,106 | 12,523,861 | 6,178,301 | 4,883,133 | 3,546,609 | |||
| Total liabilities: | 12,484,031 | 13,967,106 | 12,523,861 | 6,178,301 | 4,883,133 | 3,546,609 | |||
| Equity | |||||||||
| Equity, attributable to parent | 3,117,973 | 2,936,996 | 2,418,122 | 1,344,371 | 1,184,610 | 895,238 | |||
| Preferred stock | 633,684 | 633,684 | 556,163 | 89,472 | 89,501 | 89,502 | |||
| Common stock | 1,885 | 1,782 | 1,514 | 1,232 | 1,097 | 840 | |||
| Additional paid in capital | 2,367,188 | 2,204,481 | 1,797,913 | 1,317,109 | 1,154,932 | 879,029 | |||
| Retained earnings (accumulated deficit) | 115,216 | 97,049 | 62,532 | (63,442) | (60,920) | (74,133) | |||
| Equity, attributable to noncontrolling interest | 136,632 | 134,883 | 131,862 | 138,314 | 171,417 | 170,328 | |||
| Total equity: | 3,254,605 | 3,071,879 | 2,549,984 | 1,482,685 | 1,356,027 | 1,065,566 | |||
| TOTAL LIABILITIES AND EQUITY: | 15,738,636 | 17,038,985 | 15,073,845 | 7,660,986 | 6,239,160 | 4,612,175 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,602,991 | 1,158,162 | 722,838 | 541,655 | 494,489 | 426,023 | ||
| Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset | 193,542 | 152,068 | 133,429 | 103,607 | 103,223 | 94,158 | ||
| Gain on disposition of assets for financial service operations | 72,522 | 55,816 | 123,137 | 94,607 | 65,652 | 70,002 | ||
| Net investment income | 1,331,219 | 948,401 | 466,087 | 339,465 | 315,940 | 251,768 | ||
| Cost of revenue | (136,673) | (80,694) | (34,300) | (109,188) | (48,681) | (48,124) | ||
| Provision for loan, lease, and other losses | (73,580) | (20,818) | 24,315 | (59,966) | ||||
| Amortization of mortgage servicing rights (msrs) | (63,093) | (59,876) | (58,615) | (49,222) | (48,681) | (48,124) | ||
| Gross profit: | 1,466,318 | 1,077,468 | 688,538 | 432,467 | 445,808 | 377,899 | ||
| Operating expenses | (315,829) | (257,064) | (198,024) | (270,198) | (182,308) | (169,454) | ||
| Other operating income (expense), net (Noninterest Income, Other Operating Income) | 7,667 | (17,563) | 7,566 | 4,109 | (784) | 8,161 | ||
| Other undisclosed operating income (loss) | (73,988) | 70,172 | ||||||
| Operating income: | 1,158,156 | 802,841 | 424,092 | 236,550 | 262,716 | 216,606 | ||
| Nonoperating income (Mortgage Servicing Rights (MSR) Impairment (Recovery)) | 19,681 | 23,568 | ||||||
| Interest and debt expense | (904,789) | (562,550) | (215,379) | (172,762) | (193,838) | (158,859) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | ||||||||
| Income from continuing operations before equity method investments, income taxes: | 253,367 | 240,291 | 228,394 | 87,356 | 68,878 | 57,747 | ||
| Income from equity method investments | 24,281 | 14,247 | 34,567 | 76,161 | 10,635 | 1,196 | ||
| Income from continuing operations before income taxes: | 277,648 | 254,538 | 262,961 | 163,517 | 79,513 | 58,943 | ||
| Income tax expense | (27,347) | (17,484) | (46,285) | (40,393) | (15,036) | (9,731) | ||
| Income from continuing operations: | 250,301 | 237,054 | 216,676 | 123,124 | 64,477 | 49,212 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 216,676 | 123,124 | 64,477 | 49,212 | |
| Other undisclosed net income (loss) | 150,255 | 116,773 | 161,131 | 73,033 | 90,761 | 98,839 | ||
| Net income: | 400,556 | 353,827 | 377,807 | 196,157 | 155,238 | 148,051 | ||
| Net loss attributable to noncontrolling interest | (29,122) | (28,044) | (38,507) | (25,208) | (26,610) | (32,185) | ||
| Net income attributable to parent: | 371,434 | 325,783 | 339,300 | 170,949 | 128,628 | 115,866 | ||
| Preferred stock dividends and other adjustments | (41,369) | (40,954) | (21,888) | (7,554) | (7,554) | (7,554) | ||
| Net income available to common stockholders, basic: | 330,065 | 284,829 | 317,412 | 163,395 | 121,074 | 108,312 | ||
| Interest on convertible debt | 24,832 | 20,166 | ||||||
| Other undisclosed net income (loss) available to common stockholders, diluted | (24,832) | (20,166) | 38,507 | 25,208 | 26,610 | 32,185 | ||
| Net income available to common stockholders, diluted: | 330,065 | 284,829 | 355,919 | 188,603 | 147,684 | 140,497 | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 400,556 | 353,827 | 377,807 | 196,157 | 155,238 | 148,051 | ||
| Other undisclosed comprehensive loss | (176) | |||||||
| Comprehensive income: | 400,556 | 353,827 | 377,807 | 196,157 | 155,238 | 147,875 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (29,122) | (28,044) | (38,507) | (25,208) | (26,610) | (32,142) | ||
| Comprehensive income, net of tax, attributable to parent: | 371,434 | 325,783 | 339,300 | 170,949 | 128,628 | 115,733 | ||
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.