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)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 846,362 | 774,544 | 534,357 | 389,651 | 341,991 | 350,814 | |||
Cash and cash equivalents | 846,362 | 774,544 | 534,357 | 389,651 | 341,991 | 350,814 | |||
Total current assets: | 846,362 | 774,544 | 534,357 | 389,651 | 341,991 | 350,814 | |||
Noncurrent Assets | |||||||||
Long-term investments and receivables | 72,806 | 77,641 | 79,130 | 84,047 | 90,855 | 96,836 | |||
Long-term investments | 72,806 | 77,641 | 79,130 | 84,047 | 90,855 | 96,836 | |||
Intangible assets, net (including goodwill), including: | 93,723 | 94,896 | 96,069 | 97,242 | 98,414 | 99,587 | |||
Goodwill | 56,600 | ||||||||
Intangible assets, net (excluding goodwill) | 39,443 | ||||||||
Other undisclosed intangible assets, net (including goodwill) | 93,723 | 94,896 | 26 | 97,242 | 98,414 | 99,587 | |||
Total noncurrent assets: | 166,529 | 172,537 | 175,199 | 181,289 | 189,269 | 196,423 | |||
Other undisclosed assets | 15,144,736 | 15,641,143 | 16,329,429 | 17,191,189 | 17,048,330 | 15,761,669 | |||
TOTAL ASSETS: | 16,157,627 | 16,588,224 | 17,038,985 | 17,762,129 | 17,579,590 | 16,308,906 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Noncurrent Liabilities | |||||||||
Other undisclosed liabilities | 12,997,986 | 13,430,767 | 13,967,106 | 14,808,123 | 14,666,594 | 13,536,858 | |||
Total liabilities: | 12,997,986 | 13,430,767 | 13,967,106 | 14,808,123 | 14,666,594 | 13,536,858 | |||
Equity | |||||||||
Equity, attributable to parent | 3,023,708 | 3,021,506 | 2,936,996 | 2,820,839 | 2,779,477 | 2,638,785 | |||
Preferred stock | 633,684 | 633,684 | 633,684 | 633,684 | 633,684 | 633,734 | |||
Common stock | 1,831 | 1,838 | 1,782 | 1,715 | 1,685 | 1,602 | |||
Additional paid in capital | 2,280,632 | 2,278,287 | 2,204,481 | 2,105,909 | 2,060,837 | 1,927,621 | |||
Retained earnings | 107,561 | 107,697 | 97,049 | 79,531 | 83,271 | 75,828 | |||
Equity, attributable to noncontrolling interest | 135,933 | 135,951 | 134,883 | 133,167 | 133,519 | 133,263 | |||
Total equity: | 3,159,641 | 3,157,457 | 3,071,879 | 2,954,006 | 2,912,996 | 2,772,048 | |||
TOTAL LIABILITIES AND EQUITY: | 16,157,627 | 16,588,224 | 17,038,985 | 17,762,129 | 17,579,590 | 16,308,906 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 407,706 | 388,898 | 387,756 | 312,109 | 253,621 | 204,675 | ||
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset | 47,952 | 44,981 | 43,023 | 37,526 | 35,493 | 36,026 | ||
Net investment income | 335,737 | 327,947 | 320,597 | 259,778 | 201,328 | 166,698 | ||
Cost of revenue | (15,605) | (15,416) | (36,162) | (15,747) | (19,728) | (18,113) | ||
Provision for loan, lease, and other losses | (20,818) | (965) | (4,949) | (3,141) | ||||
Amortization of mortgage servicing rights (msrs) | (15,605) | (15,416) | (15,344) | (14,782) | (14,779) | (14,972) | ||
Gross profit: | 392,101 | 373,482 | 351,594 | 296,362 | 233,893 | 186,562 | ||
Operating expenses | (79,196) | (85,723) | (81,332) | (57,166) | (57,779) | (60,787) | ||
Other operating income (expense), net (Noninterest Income, Other Operating Income) | 45 | 4,882 | (1,502) | (6,014) | (13,249) | 3,200 | ||
Operating income: | 312,950 | 292,641 | 268,760 | 233,182 | 162,865 | 128,975 | ||
Nonoperating income (Mortgage Servicing Rights (MSR) Impairment (Recovery)) | 8,021 | |||||||
Interest and debt expense | (228,442) | (219,373) | (207,859) | (163,714) | (107,067) | (83,909) | ||
Income from continuing operations before equity method investments, income taxes: | 84,508 | 73,268 | 60,901 | 69,468 | 55,798 | 53,087 | ||
Income (loss) from equity method investments | 5,560 | 14,326 | (4,260) | 4,748 | 6,547 | 7,212 | ||
Income from continuing operations before income taxes: | 90,068 | 87,594 | 56,641 | 74,216 | 62,345 | 60,299 | ||
Income tax expense (benefit) | (5,553) | (8,029) | (4,318) | 374 | (5,352) | (8,188) | ||
Income from continuing operations: | 84,515 | 79,565 | 52,323 | 74,590 | 56,993 | 52,111 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 74,590 | 56,993 | 52,111 | |
Other undisclosed net income | 8,817 | 22,681 | 54,403 | 4,464 | 31,122 | 27,818 | ||
Net income: | 93,332 | 102,246 | 106,726 | 79,054 | 88,115 | 79,929 | ||
Net loss attributable to noncontrolling interest | (6,826) | (7,585) | (8,233) | (6,002) | (6,992) | (6,816) | ||
Net income attributable to parent: | 86,506 | 94,661 | 98,493 | 73,052 | 81,123 | 73,113 | ||
Preferred stock dividends and other adjustments | (10,342) | (10,342) | (10,342) | (10,342) | (11,214) | (9,056) | ||
Net income available to common stockholders, basic: | 76,164 | 84,319 | 88,151 | 62,710 | 69,909 | 64,057 | ||
Interest on convertible debt | 6,081 | 6,081 | 6,380 | 5,797 | 3,995 | 3,995 | ||
Other undisclosed net loss available to common stockholders, diluted | (6,081) | (6,081) | (6,380) | (5,797) | (3,995) | (3,995) | ||
Net income available to common stockholders, diluted: | 76,164 | 84,319 | 88,151 | 62,710 | 69,909 | 64,057 |
Comprehensive Income ($ in thousands)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 93,332 | 102,246 | 106,726 | 79,054 | 88,115 | 79,929 | ||
Comprehensive income: | 93,332 | 102,246 | 106,726 | 79,054 | 88,115 | 79,929 | ||
Comprehensive loss, net of tax, attributable to noncontrolling interest | (6,826) | (7,585) | (8,233) | (6,002) | (6,992) | (6,816) | ||
Comprehensive income, net of tax, attributable to parent: | 86,506 | 94,661 | 98,493 | 73,052 | 81,123 | 73,113 |
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.