08:55 AM EDT, 05/03/2024 (MT Newswires) -- Arbor Realty Trust ( ABR ) reported Q1 distributable earnings Friday of $0.47 per diluted share, down from $0.62 a year earlier.

Analysts polled by Capital IQ expected $0.42.

Net interest income for the quarter ended March 31 was $103.6 million, down from $108.6 million a year earlier.

Analysts surveyed by Capital IQ expected $90.5 million.

The company's shares were up nearly 3% in recent Friday premarket activity.

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