Arbor Realty Trust elects directors and ratifies auditor

In a recent filing with the SEC, Arbor Realty Trust (NYSE:ABR), Inc., a real estate investment trust currently valued at $1.89 billion, reported the outcomes of its annual stockholders’ meeting held on Wednesday. The company announced that stockholders elected four Class I directors and ratified the appointment of its independent auditor for the current fiscal year.

At the virtual meeting, stockholders voted to elect Caryn Effron, Joseph Martello, Edward Farrell, and George Tsunis as Class I directors, each to serve until the 2028 annual meeting. The results showed a majority of votes in favor of all nominees, with Caryn Effron receiving over 69 million votes for, Joseph Martello over 76 million, Edward Farrell over 72 million, and George Tsunis receiving the highest support with nearly 80 million votes for their election.

Additionally, stockholders ratified the appointment of Ernst & Young LLP as Arbor’s independent registered public accounting firm for the 2025 fiscal year. The decision was made with an overwhelming majority of over 138 million votes for, 4.3 million against, and 935,000 abstentions.

Another proposal approved by the stockholders was the compensation of Arbor’s named executive officers as disclosed in the 2025 proxy statement. The vote saw over 62 million votes in favor, 18 million against, and 1.5 million abstentions, with over 61 million broker non-votes.

Arbor Realty Trust, headquartered in Uniondale, NY, operates under the real estate & construction sector and is incorporated in Maryland. The company’s common stock is traded on the New York Stock Exchange under the ticker symbol ABR.

The information provided in this article is based on a press release statement from Arbor Realty Trust, Inc. and the SEC filing. The details of the meeting, including the election of directors and the ratification of the independent auditor, reflect the decisions made by the stockholders on the matters submitted for their vote.

In other recent news, Arbor Realty Trust reported first-quarter earnings that fell short of analyst expectations, with adjusted earnings per share at $0.16, missing the consensus estimate of $0.29 by $0.13. Despite the earnings miss, the company’s revenue came in at $134.16 million, exceeding expectations of $104.55 million but showing a 14.6% decline compared to the same quarter last year. Arbor Realty Trust declared a quarterly cash dividend of $0.30 per common share. The company also highlighted the closure of a new $1.15 billion repurchase facility, which is intended to enhance its leverage and liquidity position.

Additionally, Keefe, Bruyette & Woods adjusted its price target for Arbor Realty Trust shares to $11.00 from the previous $11.75, maintaining a Market Perform rating. This decision reflects revised earnings estimates and acknowledges ongoing credit challenges, including substandard or doubtful loans totaling $1.2 billion. The firm noted that non-performing loans stand at $511 million, and real estate owned is at $302 million. Arbor’s agency loan originations for the quarter were $605.9 million, down from $1.38 billion in the previous year, while its structured loan portfolio grew to $11.49 billion.

The company foreclosed on seven non-performing loans totaling $196.7 million during the period. Despite the challenges, Arbor Realty Trust maintains an attractive dividend yield of 11.4%. Management did not provide specific forward guidance in the earnings release.

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