Arbor Realty Trust (ABR) Misses Q3 EPS by 1c, Revenues Beat

Arbor Realty Trust (NYSE: ABR) reported Q3 EPS of $0.36, $0.01 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $58.8 million versus the consensus estimate of $25 million.

• GAAP net income of $0.36 per diluted common share; AFFO of $0.37, or $0.42 per diluted common share excluding a one-time loss from the early repayment of debt1
• Declares a cash dividend on common stock of $0.27 per share, a 42% increase in our dividend from a year ago and 8% higher than last quarter
• Issued $264.5 million of 5.25% convertible senior notes due in 2021 primarily to exchange our 6.50% and 5.375% convertible senior notes

For earnings history and earnings-related data on Arbor Realty Trust (ABR) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Newton Golf Company (NWTG) Reports Q2 Loss of $0.49
• Movano (MOVE) Misses Q2 EPS by 195c