Overview

* Arbor Realty ( ABR ) Q3 net income misses analyst expectations, EPS also misses

* Company recognized a $48 mln cash gain from an equity investment

* Arbor Realty ( ABR ) declares quarterly cash dividend of $0.30 per share

Result Drivers

* EQUITY INVESTMENT GAIN - Co recognized a significant $48 mln cash gain from an equity investment

* AGENCY LOAN ORIGINATIONS - Strongest qtr since 4Q20 with $1.98 bln in agency loan originations, boosting revenue

* INTEREST RATE DECLINE - Decline in weighted average interest rate due to delinquencies and rate modifications in structured loan portfolio

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $2.02

Revenue bln

Q3 EPS Miss $0.20 $0.23 (4

Analysts

)

Q3 Net Miss $52.01 $52.48

Income mln mln (3

Analysts

)

Q3 Net $38.26

Interest mln

Income

Q3 $0.30

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the specialized reits peer group is "hold"

* Wall Street's median 12-month price target for Arbor Realty Trust Inc ( ABR ) is $11.75, about 1.7% above its October 30 closing price of $11.55

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)