Arbor Realty Trust Reports Third Quarter 2013 Results And Declares Common Stock Dividend

Third Quarter Highlights:

- Declares a common dividend of $0.13 per share - FFO of $5.6 million, or $0.13 per diluted common share 1 - Net income attributable to common stockholders of $3.7 million, or $0.08 per diluted common share - Raised $40.9 million of capital in a common stock offering - Originated 17 new loans totaling $147.9 million - Adjusted book value per common share of $9.26, GAAP book value per common share of $7.51 1 - Generated gains of $1.2 million from the retirement of CDO debt - Recorded $1.5 million in loan loss reserves - Recorded $0.7 million in cash recoveries of previously recorded reserves

UNIONDALE, N.Y., Nov. 8, 2013 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust focused on the business of investing in real estate related bridge and mezzanine loans, preferred and direct equity investments, mortgage-related securities and other real estate related assets, today announced financial results for the third quarter ended September 30, 2013. Arbor reported net income attributable to common stockholders for the quarter of $3.7 million, or $0.08 per diluted common share, compared to $2.1 million, or $0.07 per diluted common share for the quarter ended September 30, 2012. Net income attributable to common stockholders for the nine months ended September 30, 2013 was $13.3 million, or $0.33 per diluted common share, compared to $21.8 million, or $0.84 per diluted common share for the nine months ended September 30, 2012. Funds from operations ("FFO") for the quarter ended September 30, 2013 was $5.6 million, or $0.13 per diluted common share, compared to $3.7 million, or $0.13 per diluted common share for the quarter ended September 30, 2012. FFO for the nine months ended September 30, 2013 was $18.7 million, or $0.46 per diluted common share, compared to $22.7 million, or $0.87 per diluted common share for the nine months ended September 30, 2012. 1

Portfolio Activity

The Company's loan and investment portfolio, excluding loan loss reserves, at September 30, 2013 remained relatively unchanged compared to June 30, 2013 at approximately $1.8 billion. The average balance of the Company's loan and investment portfolio during the third quarter of 2013, excluding loan loss reserves, was $1.8 billion and the average yield on these assets for the quarter was 5.62%, compared to $1.8 billion and 5.47% for the second quarter of 2013.

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