Coupon is fixed at 7.00% until 1/14/2027 after which the rate is reset at 3 month SOFR plus a fixed spread of 5.83%. The coupon has a floor of 7.00% (coupon will never be below 7.00%).
The company is selling another 3.2 million shares (plus 480,000 for over allotment) on 1/18/2022.
Arbor Realty Trust is a real estate investment trust (REIT) that primarily focuses on investing in multifamily and commercial real estate-related bridge and mezzanine loans, as well as preferred equity and other real estate-related assets. The company was founded in 2003 and is based in Uniondale, New York. Arbor Realty Trust operates as a self-managed real estate investment trust and is primarily engaged in the business of originating, acquiring, investing in, and managing a diversified portfolio of real estate-related bridge and mezzanine loans, preferred equity, and other real estate-related assets.
Coupon is fixed at 6.25% until 10/30/2026 after which it will float at 3 month SOFR plus a fixed spread of 5.442%
The company reopened this issue on 1/31/2022 with the sale of 3.1 million shares with another 425,000 shares available for over allotments. The sales is made at $24.20
Coupon is fixed at .875% until 10/15/2026 at which point it begins to float at 3 month SOFR plus a spread of 6.13%
Coupon is fixed at 7% until 5/15/2025 after which time the coupon floats at 3 month SOFR plus a spread of 6.845%.
Dividend suspended 3/2020 because of asset damage caused by Covid 19. 7/1/2020 The preferred stock was reinstated.
Coupon is fixed at 6.50% until 3/31/2025 after which it will float at 3 month Libor plus a spread of 5.345%
