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
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments846,362774,544534,357389,651341,991350,814
Cash and cash equivalents846,362774,544534,357389,651341,991350,814
Total current assets:846,362774,544534,357389,651341,991350,814
Noncurrent Assets
Long-term investments and receivables72,80677,64179,13084,04790,85596,836
Long-term investments72,80677,64179,13084,04790,85596,836
Intangible assets, net (including goodwill), including:93,72394,89696,06997,24298,41499,587
Goodwill   56,600   
Intangible assets, net (excluding goodwill)   39,443   
Other undisclosed intangible assets, net (including goodwill)93,72394,8962697,24298,41499,587
Total noncurrent assets:166,529172,537175,199181,289189,269196,423
Other undisclosed assets15,144,73615,641,14316,329,42917,191,18917,048,33015,761,669
TOTAL ASSETS:16,157,62716,588,22417,038,98517,762,12917,579,59016,308,906
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities12,997,98613,430,76713,967,10614,808,12314,666,59413,536,858
Total liabilities:12,997,98613,430,76713,967,10614,808,12314,666,59413,536,858
Equity
Equity, attributable to parent3,023,7083,021,5062,936,9962,820,8392,779,4772,638,785
Preferred stock633,684633,684633,684633,684633,684633,734
Common stock1,8311,8381,7821,7151,6851,602
Additional paid in capital2,280,6322,278,2872,204,4812,105,9092,060,8371,927,621
Retained earnings107,561107,69797,04979,53183,27175,828
Equity, attributable to noncontrolling interest135,933135,951134,883133,167133,519133,263
Total equity:3,159,6413,157,4573,071,8792,954,0062,912,9962,772,048
TOTAL LIABILITIES AND EQUITY:16,157,62716,588,22417,038,98517,762,12917,579,59016,308,906

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

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
Revenues407,706388,898387,756312,109253,621204,675
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset47,95244,98143,02337,52635,49336,026
Net investment income335,737327,947320,597259,778201,328166,698
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:392,101373,482351,594296,362233,893186,562
Operating expenses(79,196)(85,723)(81,332)(57,166)(57,779)(60,787)
Other operating income (expense), net
(Noninterest Income, Other Operating Income)
454,882(1,502)(6,014)(13,249)3,200
Operating income:312,950292,641268,760233,182162,865128,975
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:84,50873,26860,90169,46855,79853,087
Income (loss) from equity method investments5,56014,326(4,260)4,7486,5477,212
Income from continuing operations before income taxes:90,06887,59456,64174,21662,34560,299
Income tax expense (benefit)(5,553)(8,029)(4,318)374(5,352)(8,188)
Income from continuing operations:84,51579,56552,32374,59056,99352,111
Income before gain (loss) on sale of properties:74,59056,99352,111
Other undisclosed net income8,81722,68154,4034,46431,12227,818
Net income:93,332102,246106,72679,05488,11579,929
Net loss attributable to noncontrolling interest(6,826)(7,585)(8,233)(6,002)(6,992)(6,816)
Net income attributable to parent:86,50694,66198,49373,05281,12373,113
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:76,16484,31988,15162,71069,90964,057
Interest on convertible debt6,0816,0816,3805,7973,9953,995
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:76,16484,31988,15162,71069,90964,057

Comprehensive Income ($ in thousands)

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:93,332102,246106,72679,05488,11579,929
Comprehensive income:93,332102,246106,72679,05488,11579,929
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:86,50694,66198,49373,05281,12373,113

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.

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