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Arbor Realty Trust (ABR)
NYSE:ABR
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Earnings Data
Report Date
Feb 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.38Last Year’s EPS
$0.51Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2024
|% Change Since: -3.91%
|Next Earnings Date:Feb 14, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a company navigating a challenging environment with strategic growth in core areas like agency and bridge lending, despite ongoing issues with delinquencies and interest rate fluctuations. The company shows resilience with strong earnings and plans for future growth, but faces short-term pressures in managing non-performing assets.Company Guidance
During the third quarter 2024 earnings call for Arbor Realty Trust, the company provided guidance indicating a cautious but optimistic outlook for the remainder of the year and into 2025. Arbor Realty Trust expects the fourth quarter's agency origination volumes to range between $1.2 billion and $1.5 billion, dependent on interest rates. The company successfully modified $1.2 billion of loans in Q3, injecting $43 million in fresh equity into these deals. Additionally, total delinquencies decreased by 10% to approximately $945 million. The company emphasized its diversified business model and strong liquidity position, with $600 million in cash and liquidity. They plan to leverage these strengths by ramping up their bridge lending and construction lending platforms to capitalize on mid-teens return opportunities, despite anticipating a slower recovery and a potentially challenging fourth quarter due to fluctuating interest rates.Strong Quarterly Performance
Produced distributable earnings of $88 million or $0.43 per share, translating into ROEs of approximately 14% for Q3 2024.
Agency Business Growth
Generated $1.1 billion in agency originations with a strong pipeline, potentially reaching $1.2 to $1.5 billion next quarter depending on interest rates.
Bridge Lending and Construction Lending Expansion
Plans to ramp up bridge lending with expectations of $300 million to $400 million in originations by year-end. Construction lending saw its first deal of $47 million with a growing pipeline.
Deleveraging Success
Reduced leverage to a 3:1 ratio from a peak of 4:1, with 65% of leverage in nonrecourse, non-mark-to-market CLO debt.
Fee-Based Servicing Portfolio Growth
Servicing portfolio increased by 2% this quarter and 10% year-over-year, generating approximately $125 million annually.
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ABR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ABR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $14.32 | $14.42 | +0.70% |
| Aug 02, 2024 | $12.42 | $12.56 | +1.13% |
| May 03, 2024 | $11.95 | $11.78 | -1.42% |
| Feb 16, 2024 | $11.60 | $12.37 | +6.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Arbor Realty Trust (ABR) report earnings?
Arbor Realty Trust (ABR) is schdueled to report earning on Feb 14, 2025, TBA Not Confirmed.
What is Arbor Realty Trust (ABR) earnings time?
Arbor Realty Trust (ABR) earnings time is at Feb 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ABR EPS forecast?
ABR EPS forecast for the fiscal quarter 2024 (Q4) is $0.38.
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