Arbor Realty Announces Earnings

mREIT Arbor Realty (ABR) has announced earnings for the 3rd quarter.

While earnings were off a bit over the year ago period they are still pretty decent and the company has raised their common dividend.

I note these earnings because of the preferreds the company has outstanding. The ABR-C 8.50% issue is trading above $26 and with only about 1 million shares outstanding the company has plenty of cash if they wanted to redeem this issue.

The company has 3 high yield preferreds outstanding which can be seen here.

The company press release can be read here.

One thought on “Arbor Realty Announces Earnings”

  1. Tim
    Thanks the stuff on ABR. While income may be down relative to last year, the company is growing well and out performing many of their peers. Another one you can look at is PFSI which while it does not pay much has been a strong performer and is in a way a proxy for how the new NRZ will do. best SC

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