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
"that a rich man is not the one who has the most but the one who needs the least"