Arbor Realty Trust (ABR) Misses Q4 EPS by 2c

Arbor Realty Trust (NYSE: ABR) reported Q4 EPS of $0.34, $0.02 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $68.5 million versus the consensus estimate of $34.7 million.

Fourth Quarter Highlights:

• GAAP net income of $0.34 per diluted common share
• AFFO per diluted common share of $0.34, excluding a one-time loss from the early repayment of debt and gains from derivative instruments1
• Raised $250.7 million of accretive growth capital through the issuance of common stock and senior unsecured notes
• Issued $264.0 million of 4.75% convertible senior notes due 2022 to exchange our 5.25% convertible senior notes
• Declares a cash dividend on common stock of $0.30 per share, 11% higher than a year ago

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

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