Arbor Realty Trust (ABR) Reports In-Line Q1 FFO
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Arbor Realty Trust Reports First Quarter 2016 Results and Declares Common Stock Dividend
May 6, 2016 8:00 AM EDTFirst Quarter Highlights:
Net income of $1.1 million, or $0.02 per diluted common shareAFFO of $6.9 million, or $0.13 per diluted common share1Earned $1.9 million of income from equity investmentsOriginated $218 million of new loans GAAP book value per common share of $9.19Declares a cash dividend on common stock of $0.15 per shareAnnounced the proposed acquisition of Arbor Commercial Mortgages agency platform including a Top 10 DUS® Lender with an ~ $11 billion servicing... More
