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Investing.com -- Arbor Realty Trust , Inc. (NYSE:ABR) reported first quarter earnings that fell short of analyst expectations, sending shares down 3.7% in trading following the announcement.
The real estate investment trust posted adjusted earnings per share of $0.16 for the quarter ended March 31, 2025, missing the analyst consensus estimate of $0.29 by $0.13. Revenue came in at $134.16 million, surpassing expectations of $104.55 million but declining 14.6% YoY from $157.1 million in Q1 2024.
Arbor reported distributable earnings of $0.28 per diluted share, or $0.31 excluding $7.1 million in realized losses from the sale of two foreclosed properties. The company declared a quarterly cash dividend of $0.30 per common share.
The company’s agency loan originations totaled $605.9 million for the quarter, down significantly from $1.38 billion in Q1 2024. Its structured loan portfolio grew to $11.49 billion, with $747.1 million in new originations partially offset by $421.9 million in runoff.
Arbor’s servicing portfolio stood at $33.48 billion at quarter-end. The company foreclosed on seven non-performing loans totaling $196.7 million during the period.
While revenue topped expectations, the earnings miss and year-over-year declines appear to have disappointed investors, as reflected in the stock’s post-earnings decline. Management did not provide specific forward guidance in the earnings release.
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