Friday 18th of February 2022 09:19:39 AM

Arbor Realty Trust stock gains after Q4 beat, record structured loan originations

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  • Arbor Realty Trust (NYSE:ABR) stock is rising 4.0% in midday Friday trading after Q4 earnings topped the consensus estimate and the mortgage REIT boosted its quarterly dividend by ~3% from the previous quarter.
  • Q4 distributable EPS of $0.57 exceeded the $0.48 consensus and increased from $0.47 in Q3 2021 and $0.49 in Q4 2020.
  • Q4 Structured Business loan originations rose 75% from Q3 to $4.32B, its third straight quarter of record originations. During Q4, Arbor (ABR) recorded a $10.3M reversal of provision for loan losses associated with Current Estimate of Credit Losses accounting on its loan and investment portfolio.
  • In its Agency segment, loan originations of $1.89B increased from $1.80B in Q3, while servicing portfolio of $27B rose by $1B from the prior quarter.
  • The Agency Business generated revenue of $107.1M, up from $79.7M in Q3. Gain on sales, including fee-based services, net was $36.9M for the quarter, reflecting a margin of 1.77% vs. $16.3M and 1.62% in Q3 2021.
  • Earlier, Arbor Realty Trust non-GAAP EPS of $0.57 beats by $0.14, net interest income of $76.43M misses by $1.17M


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