Arbor Realty Trust, Inc. ABR

FinancialsResidential & Commercial REITsUnited States of America

Last close 1.90 USD on Nov 2, 2026, −72.9% year to date

Quant rating

Quant rating D Rank 634 of 799 in Financials

Growth C 344 of 799
Valuation A 31 of 799
Quality D 587 of 799
Revisions D 609 of 799
Momentum D 798 of 799

Wall Street consensus Hold (3.40)Average target 2.25 USD +18.4%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 350M
Enterprise value: 11.9B
52-week range: 1.89 – 10.09
3-year range: 1.89 – 16.17
Dividend yield: 43.93%
Beta (5 years): 1.22
Shares outstanding: 184M
Next earnings: Feb 24, 2027

About the company

Arbor Realty Trust, Inc. is a real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. The Company’s segments include Structured Business and Agency Business. Through its Structured Business, it invests in a diversified portfolio of structured finance assets in the multifamily, SFR and commercial real estate markets, primarily consisting of bridge loans to mezzanine loans, junior participating interests in first mortgages and preferred equity. It also invests in real estate-related joint ventures and may directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. Through its Agency Business, the Company originates, sells, and services a range of multifamily finance products through Housing and Urban Development (HUD), Federal National Mortgage Association (Fannie Mae), among others.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	1,212	1,427	1,624	1,177	799	–
Revenue growth	−15.0%	−12.2%	38.0%	47.2%	32.4%	15.0%
EPS (basic, normalized)	1.07	1.74	2.25	1.47	2.28	–
EPS growth	−38.5%	−22.7%	53.1%	−35.5%	–	–
Gross margin	42.1%	43.6%	44.4%	52.6%	73.5%	51.2%
Net margin	8.9%	15.6%	20.3%	24.2%	39.7%	21.8%
ROE	5.0%	8.6%	12.3%	12.2%	18.0%	11.2%

Balance sheet, last quarter
Cash & short-term investments (mil)	440
Current ratio	–
Long-term debt (mil)	11,086
Net debt (mil)	11,535
Total equity (mil)	2,549
Net debt / equity	4.53x
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	1,212	−15.0%	9.8x	–	–	–	1.07	−38.5%	1.8x
2026	206	−83.0%	57.8x	–	–	–	0.32	−70.1%	5.9x
2027	218	+6.0%	54.5x	–	–	–	0.63	+97.7%	3.0x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	206	−1.2%	−2.5%	−10.0%	0.32	−7.2%	−16.9%	−50.8%
2027	218	−1.4%	−4.2%	−20.4%	0.63	−7.3%	−14.5%	−33.3%
2028	–	–	–	–	–	–	–	–

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	104	88.0	88.8	82.9	75.4	68.7	38.3	55.7	59.8	53.1
Sales mean (mil)	89.9	90.0	83.9	84.4	77.2	77.0	74.4	54.0	53.3	50.2
Surprise	+15.2%	−2.2%	+5.8%	−1.9%	−2.2%	−10.8%	−48.5%	+3.2%	+12.2%	+5.8%
EPS reported	0.47	0.45	0.43	0.40	0.28	0.25	0.35	0.19	0.07	0.10
EPS mean	0.41	0.41	0.39	0.36	0.27	0.23	0.23	0.19	0.12	0.05
Surprise	+14.7%	+9.1%	+10.3%	+12.4%	+3.7%	+9.9%	+48.9%	−1.3%	−39.7%	+85.2%

Peer comparison Residential & Commercial REITs

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
ABR Arbor Realty Trust, Inc.	350M	–	8.9%	0.13x	5.9x	3.0x	–	–
NLY Annaly Capital Management, Inc.	14.6B	–	26.2%	0.92x	5.9x	6.0x	24.0x	19.4x
AGNC AGNC Investment Corp.	11.1B	–	32.5%	0.95x	5.6x	5.9x	63.9x	63.6x
RITM Rithm Capital Corp.	5.3B	–	11.9%	0.61x	4.1x	4.1x	–	–
STWD Starwood Property Trust Inc (Maryland)	4.7B	–	21.2%	0.72x	8.1x	6.7x	18.2x	15.8x
DX Dynex Capital, Inc.	2.7B	–	57.9%	0.90x	7.4x	6.4x	–	–
Mean		–	26.4%	0.70x	6.2x	5.3x	35.4x	32.9x
Median		–	23.7%	0.81x	5.9x	5.9x	24.0x	19.4x

Technical analysis

1M−46.6%
3M−60.8%
1Y−78.5%
3Y−79.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Arbor Realty Trust, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	1,212	1,427	1,624	1,177	799	604
Cost of revenue	702	805	903	558	212	169
Gross profit	510	622	721	619	587	435
Selling, general & administrative expenses	262	244	217	218	218	187
Research & development	–	–	–	–	–	–
Depreciation/amortization	23.2	9.6	9.7	8.7	7.2	7.6
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	23.4	0.4	1.6	12.3	3.4	64.7
Other operating expenses	67.0	80.3	89.1	23.0	−27.3	14.8
Operating income	135	288	404	357	386	161
Net interest income (expense)	50.9	5.8	24.3	14.2	34.6	76.2
Gain (loss) on sale of assets	−9.2	3.8	0	0	3.7	−0.4
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	177	297	428	371	424	237
Provision for taxes	18.8	13.5	27.3	17.5	46.3	40.4
Minority interest	−9.0	−19.3	−29.1	−28.0	−38.5	−25.2
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	149	265	371	326	339	171
Extraordinary items	–	–	–	–	–	–
Net income	149	265	371	326	339	171
EBIT, normalized	158	288	405	369	389	225
EBITDA, normalized	182	298	415	378	396	233
Basic EPS, normalized	1.07	1.74	2.25	1.47	2.28	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Arbor Realty Trust, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	483	504	929	534	405	340
Receivables	6.5	12.8	64.4	77.4	84.3	12.4
Total inventory	–	–	–	–	–	–
Prepaid expenses	–	–	–	–	–	–
Other current assets	–	–	–	–	–	–
Total current assets	–	–	–	–	–	–
Property, plant & equipment	499	177	–	–	–	1.5
Goodwill	56.6	56.6	56.6	56.6	56.6	56.6
Intangibles	29.9	31.5	34.8	39.4	44.1	48.8
Long-term investments	757	751	712	748	808	775
Note receivable	12,141	11,321	12,844	14,498	12,919	6,048
Other long-term assets	1,011	1,154	2,092	1,697	1,246	731
Total assets	14,495	13,491	15,739	17,039	15,074	7,661
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	–	–	–	–	–	–
Accrued expenses	–	–	–	–	–	–
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	–	–	–	–	–	–
Other current liabilities	–	–	–	–	–	–
Total current liabilities	–	–	–	–	–	–
Long-term debt	11,049	9,971	12,056	13,562	12,153	5,914
Minority interest	114	128	137	135	132	138
Other liabilities	379	368	429	405	371	264
Total liabilities	11,542	10,467	12,621	14,102	12,656	6,317
Shareholders' equity
Preferred stock	−23.6	−23.6	−23.6	−23.6	−18.8	−3.3
Common stock	2.0	1.9	1.9	1.8	1.5	1.2
Additional paid-in capital	2,454	2,375	2,367	2,204	1,798	1,317
Retained earnings (accumulated deficit)	−137	13.0	115	97.0	62.5	−63.4
Treasury stock	–	–	–	–	–	–
Other equity	657	657	657	657	575	92.8
Total equity	2,953	3,024	3,118	2,937	2,418	1,344
Total liabilities & shareholders' equity	14,495	13,491	15,739	17,039	15,074	7,661

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Arbor Realty Trust, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	158	284	401	354	378	196
Depreciation, depletion & amortization	23.2	9.6	9.7	8.7	7.2	7.6
Deferred taxes	3.8	−11.6	−7.3	−1.7	10.9	4.7
Non-cash items	119	232	−120	793	−139	−205
Changes in working capital	68.6	−52.4	−46.8	−54.0	−40.0	51.5
Cash from operations	372	462	236	1,100	217	55.2
Investing activities
Capital expenditures	−40.7	−3.5	–	–	–	–
Other investing cash flows	−1,240	1,155	1,879	−2,317	−6,750	−1,157
Cash from investing	−1,281	1,152	1,879	−2,317	−6,750	−1,157
Financing activities
Financing cash flow items	−60.2	−25.8	−18.2	−59.1	−86.7	−80.7
Cash dividends paid	−320	−395	−381	−322	−227	−149
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	1,179	−2,070	−1,427	1,955	7,201	1,358
Cash from financing	799	−2,490	−1,826	1,574	6,888	1,128
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−110	−877	289	357	354	26.4
Free cash flow	332	458	236	1,100	217	55.2

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.