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ABR Arbor Realty Trust Reports First Quarter Results and Increases Quarterly Dividend to $0.28 per Share
8:21 am ET May 10, 2019 (Dow Jones) Print
Press Release: Arbor Realty Trust Reports First Quarter Results and Increases Quarterly Dividend to $0.28 per Share

Arbor Realty Trust Reports First Quarter Results and Increases Quarterly Dividend to $0.28 per Share

Company Highlights:

-- GAAP net income of $0.26 and AFFO of $0.33 per diluted common share1

-- Declares a cash dividend on common stock of $0.28 per share, a 4%

increase in our dividend from last quarter and 12% higher than a year ago

-- Issued $90.0 million of 5.75% senior unsecured notes due in 2024

Agency Business

-- Segment income of $13.1 million

-- Loan originations of $845.9 million

-- Servicing portfolio of $18.88 billion, up 2% from 4Q18 and 13% from a

year ago

Structured Business

-- Segment income of $15.0 million

-- Portfolio growth of 4% on $416.3 million of loan originations

UNIONDALE, N.Y., May 10, 2019 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced financial results for the first quarter ended March 31, 2019. Arbor reported