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.
