Arbor Realty Trust (ABR) Tops Q1 EPS by 18c, Beats on Revenues
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Arbor Realty Trust (NYSE: ABR) reported Q1 EPS of $0.42, $0.18 better than the analyst estimate of $0.24. Revenue for the quarter came in at $53.16 million versus the consensus estimate of $20.13 million.
Company Highlights:
- GAAP net income of $0.42 per diluted common share; AFFO of $0.25, or $0.28 per diluted common share excluding a one-time, non-cash expense from the early repayment of debt1
- Declares a cash dividend on common stock of $0.25 per share, 19% higher than last quarter and our sixth increase in the past eight quarters
For earnings history and earnings-related data on Arbor Realty Trust (ABR) click here.
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