Company Quick10K Filing
Arbor Realty Trust
10-Q 2020-03-31 Filed 2020-05-08
10-K 2019-12-31 Filed 2020-02-14
10-Q 2019-09-30 Filed 2019-11-01
10-Q 2019-06-30 Filed 2019-08-02
10-Q 2019-03-31 Filed 2019-05-10
10-K 2018-12-31 Filed 2019-02-15
10-Q 2018-09-30 Filed 2018-11-02
10-Q 2018-06-30 Filed 2018-08-03
10-Q 2018-03-31 Filed 2018-05-04
10-K 2017-12-31 Filed 2018-02-23
10-Q 2017-09-30 Filed 2017-11-03
10-Q 2017-06-30 Filed 2017-08-04
10-Q 2017-03-31 Filed 2017-05-05
10-K 2016-12-31 Filed 2017-03-03
10-Q 2016-09-30 Filed 2016-11-09
10-Q 2016-06-30 Filed 2016-08-05
10-Q 2016-03-31 Filed 2016-05-06
10-K 2015-12-31 Filed 2016-02-26
10-Q 2015-09-30 Filed 2015-11-06
10-Q 2015-06-30 Filed 2015-07-31
10-Q 2015-03-31 Filed 2015-05-01
10-K 2014-12-31 Filed 2015-02-13
10-Q 2014-09-30 Filed 2014-11-07
10-Q 2014-06-30 Filed 2014-08-01
10-Q 2014-03-31 Filed 2014-05-01
10-K 2013-12-31 Filed 2014-02-14
10-Q 2013-09-30 Filed 2013-11-08
10-Q 2013-03-31 Filed 2013-05-03
10-K 2012-12-31 Filed 2013-02-15
10-Q 2012-09-30 Filed 2012-11-02
10-Q 2012-06-30 Filed 2012-08-03
10-Q 2012-03-31 Filed 2012-05-04
10-K 2011-12-31 Filed 2012-03-02
10-Q 2011-09-30 Filed 2011-11-04
10-Q 2011-06-30 Filed 2011-08-05
10-Q 2011-03-31 Filed 2011-05-06
10-K 2010-12-31 Filed 2011-03-04
10-Q 2010-09-30 Filed 2010-11-05
10-Q 2010-06-30 Filed 2010-08-06
10-Q 2010-03-31 Filed 2010-05-07
10-K 2009-12-31 Filed 2010-03-09
8-K 2020-05-08 Earnings, Exhibits
8-K 2020-04-29 Regulation FD
8-K 2020-04-27 Off-BS Arrangement, Other Events, Exhibits
8-K 2020-04-13 Earnings, Exhibits
8-K 2020-04-01 Officers
8-K 2020-03-17 Other Events, Exhibits
8-K 2020-03-11 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2020-03-04 Off-BS Arrangement, Regulation FD, Other Events, Exhibits
8-K 2020-02-14 Earnings, Exhibits
8-K 2019-12-09 Enter Agreement, Exhibits
8-K 2019-11-13 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2019-11-05 Enter Agreement, Off-BS Arrangement, Sale of Shares, Exhibits
8-K 2019-11-01 Earnings, Exhibits
8-K 2019-10-10
8-K 2019-08-02 Earnings, Exhibits
8-K 2019-08-02 Enter Agreement, Exhibits
8-K 2019-06-05 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2019-05-15 Enter Agreement, Exhibits
8-K 2019-05-15 Shareholder Vote
8-K 2019-05-10 Earnings, Exhibits
8-K 2019-03-22 Off-BS Arrangement, Regulation FD, Other Events, Exhibits
8-K 2019-02-15 Earnings, Exhibits
8-K 2019-01-30 Other Events, Exhibits
8-K 2018-12-31 Other Events, Exhibits
8-K 2018-12-17 Other Events, Exhibits
8-K 2018-11-29 Enter Agreement, Exhibits
8-K 2018-11-02 Earnings, Exhibits
8-K 2018-08-03 Earnings, Exhibits
8-K 2018-07-17 Enter Agreement, Off-BS Arrangement, Sale of Shares, Other Events, Exhibits
8-K 2018-06-28 Enter Agreement, Off-BS Arrangement, Sale of Shares, Exhibits
8-K 2018-06-22 Officers
8-K 2018-06-14 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-06-07 Officers
8-K 2018-05-29 Other Events, Exhibits, Other Events
8-K 2018-05-15 Shareholder Vote
8-K 2018-05-15 Enter Agreement, Exhibits
8-K 2018-05-15 Off-BS Arrangement, Other Events, Exhibits
8-K 2018-05-04 Earnings, Exhibits
8-K 2018-03-13 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-03-08 Other Events, Exhibits
8-K 2018-02-23 Earnings, Exhibits

Arbor Realty Trust Financials

ABR Metrics, Comps, Filings

Quarterly | Annual

Business

Arbor is a Maryland corporation formed in 2003. We operate through two business segments: our Structured Loan Origination and Investment Business, or "Structured Business," and our Agency Loan Origination and Servicing Business, or "Agency Business." Through our Structured Business, we invest in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity. We may also directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. Through our Agency Business, we originate, sell and service a range of multifamily finance products through the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac," and together with Fannie Mae, the government-sponsored enterprises, or "GSEs"), the Government National Mortgage Association ("Ginnie Mae"), Federal Housing Authority ("FHA") and the U.S. Department of Housing and Urban Development (together with Ginnie Mae and FHA, "HUD") and conduit/commercial mortgage-backed securities ("CMBS") programs. We retain the servicing rights and asset management responsibilities on substantially all loans we originate and sell under the GSE and HUD programs. We are an approved Fannie Mae Delegated Underwriting and Servicing ("DUS") lender nationally, a Freddie Mac Multifamily Conventional Loan lender, seller/servicer, in New York, New Jersey and Connecticut, a Freddie Mac affordable, manufactured housing, senior housing and small balance loan ("SBL") lender, seller/servicer, nationally and a HUD MAP and LEAN senior housing/healthcare lender nationally.

Substantially all of our operations are conducted through our operating partnership, Arbor Realty Limited Partnership ("ARLP"), for which we serve as the general partner, and ARLP's subsidiaries. We are organized to qualify as a real estate investment trust ("REIT") for U.S. federal income tax purposes. A REIT is generally not subject to federal income tax on that portion of its REIT-taxable income that is distributed to its stockholders, provided that at least 90% of taxable income is distributed and provided that certain other requirements are met. Certain of our assets that produce non-qualifying REIT income, primarily within the Agency Business, are operated through taxable REIT subsidiaries ("TRS"), which is part of our TRS consolidated group (the "TRS Consolidated Group") and is subject to U.S. federal, state and local income taxes. In general, our TRS entities may hold assets that the REIT cannot hold directly and may engage in real estate or non-real estate-related business.

Our principle business objectives are to maximize the difference between the yield on our investments and the cost of financing these investments, to grow the stable earnings associated with the servicing portfolio of our agency platform, to generate cash available for distribution and facilitate capital appreciation. We believe we can achieve these objectives and maximize the total return to our stockholders through the following investment strategies.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Ladder Capital (LADR) 1,837 5.6 2% 6,620 4,981 0 0 118 308 1,715
Alexander & Baldwin (ALEX) 1,774 0% -21.3 -8% 2,122 985 627 0 -178 -117 2,499
Chesapeake Lodging Trust (CHSP) 1,757 0% 13.7 5% 1,947 918 592 0 93 177 2,426
Alexanders (ALX) 1,749 0% 17.8 4% 1,283 1,021 228 0 56 80 1,435
Global Net Lease (GNL) 1,735 68% 7.9 1% 3,609 1,983 301 205 34 180 1,425
New York Mortgage Trust (NYMT) 1,586 2.7 1% 19,759 17,912 0 0 118 635 1,746
Easterly Government Properties (DEA) 1,552 61% 31.4 0% 2,224 1,040 209 127 7 76 2,385
Tanger Factory Outlet Centers (SKT) 1,547 0% 11.9 5% 2,324 1,826 485 0 126 265 3,149
Tier REIT (TIER) 1,544 47% 31.4 -2% 1,544 762 106 50 -28 70 2,193
Arbor Realty Trust (ABR) 1,528 4.4 3% 5,396 4,197 0 0 160 332 1,458
TPG Real Estate Finance Trust (TRTX) 1,508 6.2 2% 5,863 4,397 0 0 93 228 1,408
Uniti Group (UNIT) 1,499 0% 10.2 1% 5,031 6,468 1,060 0 37 642 6,531
American Finance Trust (AFIN) 1,481 0% 9.6 -0% 3,457 1,771 299 0 -8 144 1,384
Universal Health Realty Income Trust (UHT) 1,399 0% 37.5 4% 484 299 77 0 18 37 1,393
Kite Realty (KRG) 1,399 0% 25.3 -2% 2,714 1,366 327 0 -47 101 2,547
Industrial Logistics Properties Trust (ILPT) 1,386 9.8 2% 2,468 1,462 0 0 59 139 1,363
Monmouth Real Estate Investment (MNR) 1,381 18.7 2% 1,872 861 0 0 30 113 2,114
Brookfield Property REIT (BPR) 1,315 0% 1.7 -1% 19,171 15,457 1,526 0 -222 623 1,077
Independence Realty Trust (IRT) 1,303 72% 21.6 2% 1,653 1,049 202 146 37 105 2,273
Saul Centers (BFS) 1,253 56% 17.2 4% 1,647 1,101 233 131 61 129 2,224

Balance Sheet ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash6659675378484378511136097157144218105130116189145160177139115187137139234281295341416515325
Accounts Receivable
Inventory
PP&E152149128128127126124125124112112111121918584727161322020191917171717151514141313
Assets1,7641,7491,7771,7541,6911,6671,7021,8571,9331,9771,8771,9001,9031,9171,8801,9021,8331,8471,8271,8721,9172,6502,9712,9142,9353,0583,6263,7494,2044,5344,6124,5985,6025,396
Accounts Payable
Long-Term Debt1,7862,0689495952,5962332352643,367252254255
Liabilities1,5571,5521,6041,5731,4791,4551,4711,4941,5361,5391,4401,4321,4261,3831,3451,3511,2771,2821,2621,3111,3511,9252,2242,1552,0972,2122,7612,8613,2613,5683,5473,5204,4164,197
Stockholders' Equity2051961711792102102293613954374385665715875976756816967157707978959091,0171,028
Income Statement ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue11
Cost of Revenue3
Gross Profit8
R&D
SG&A22222222332232233343267810889910101011
Tax0-0011000000000000-00001697647692117
Net Income-10-2-284162-07455713657171217731216312426243137253749303743
Cash Flow ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating64-0849211905911621716141413173807321-2-214268-346135
Cash Investing-7-29-1347-28-53-82-138-424-467-890-149149-3256-114101-19544-224-557-159-359-32-138-490-54
Cash Financing182112-44-032129999-29-28-6021-119201-14211666-99-25-151148504129408261-54935-271