ABR
Arbor Realty Trust Inc.
Arbor Realty Trust Inc.
$ABR reports strong Q1 2023 results with increased net income and distributable earnings, and raised dividend amidst decreasing agency business revenues.
Real estate investment trust and direct lender, Arbor Realty Trust (NYSE: ABR), has reported an increase in net income to $84.3 million for Q1 2023, up from $64.1 million for the same quarter last year. Additionally, distributable earnings improved to $122.2 million, and the company has increased their dividend to $0.42 per share. Arbor's agency business generated $80.4 million in revenues, down from Q4 2022. Investors should monitor the agency business revenues, but the improved net income and distributable earnings signal potential profitability in the company's loan and investment portfolio.
4mo ago
$ABR