Arbor realty trust, inc. (ABR)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest income

333,189

315,940

307,318

294,309

271,433

251,768

224,451

199,091

174,264

156,177

142,881

130,378

123,879

116,173

110,617

107,006

105,378

106,769

106,229

109,862

109,013

106,716

106,032

102,117

100,954

99,031

93,919

88,207

83,381

79,998

77,902

76,396

75,466

73,867

79,983

87,325

0

0

0

Other interest income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

194,516

186,399

181,212

172,696

162,296

153,818

137,193

121,495

104,022

90,072

84,362

77,478

70,311

63,623

55,272

50,191

48,541

49,720

51,160

51,609

51,239

47,903

44,592

42,903

42,014

42,065

41,445

40,309

39,747

40,866

42,453

44,350

50,372

51,651

55,450

60,221

0

0

0

Net interest income

138,673

129,541

126,106

121,613

109,137

97,950

87,258

77,596

70,242

66,105

58,518

52,898

56,107

55,089

57,883

59,353

64,720

64,933

62,953

66,136

57,774

58,812

61,440

59,214

58,940

56,966

52,474

47,897

43,633

39,131

35,449

32,045

25,094

22,215

24,532

27,104

0

0

0

Other revenue:
Gain on sales, including fee-based services, net

63,568

65,652

70,634

66,787

68,198

70,002

68,938

68,613

71,821

72,799

64,820

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage servicing rights

98,463

90,761

98,905

94,210

93,437

98,839

83,425

77,106

76,424

76,820

72,149

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Servicing revenue, net

54,292

54,542

51,326

51,780

50,039

46,034

43,949

38,225

33,963

29,210

25,808

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property operating income

9,063

9,674

9,757

10,171

9,988

10,095

10,744

10,761

10,660

10,973

10,915

11,208

12,772

14,881

0

0

0

-

28,792

30,033

31,833

32,641

32,725

31,820

31,051

30,127

30,003

29,607

29,484

30,173

26,802

26,861

26,286

21,937

0

0

0

0

0

Loss on derivative instruments, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income, net

182

-784

6,787

7,483

5,620

8,161

40

4,800

4,449

685

-551

-970

65

1,041

769

461

323

270

283

749

823

1,645

2,084

1,314

1,769

2,290

2,277

2,863

2,627

1,280

834

526

198

188

112

309

0

0

0

Total other revenue

177,302

219,845

234,944

227,966

224,817

233,131

207,096

199,505

197,317

190,487

188,636

175,515

135,421

94,511

49,847

22,233

24,870

27,936

29,075

30,783

32,656

34,286

34,809

33,135

32,820

32,417

32,280

32,470

32,112

31,454

27,636

27,388

26,485

22,125

20,103

13,914

0

0

0

Other expenses:
Employee compensation and benefits

124,590

122,102

120,033

114,947

112,740

110,470

109,350

106,769

101,779

92,126

82,650

71,673

54,159

38,647

26,223

16,883

17,538

17,500

17,533

16,296

14,882

13,978

13,572

12,928

12,344

12,042

12,053

11,359

10,772

10,173

11,666

11,688

11,592

11,195

8,550

8,222

0

0

0

Selling and administrative

41,620

40,329

40,416

39,528

37,920

37,074

35,383

32,996

31,958

30,738

30,446

28,742

22,626

17,587

12,084

8,245

9,149

9,392

9,678

9,944

10,515

9,600

9,651

10,621

10,396

10,603

10,619

9,189

8,411

7,882

7,974

8,396

7,788

7,325

7,059

7,017

0

0

0

Acquisition costs

-

-

-

-

-

-

-

-

-

-

-

-

-

10,262

11,378

5,255

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property operating expenses

10,267

10,220

9,992

9,866

10,031

10,431

10,728

10,874

10,640

10,482

10,352

10,588

11,822

13,501

0

19,058

21,169

-

24,551

25,789

27,245

27,857

28,245

27,643

27,381

26,728

26,953

26,779

26,981

27,963

25,472

25,663

24,592

20,122

0

0

0

0

0

Depreciation and amortization

7,545

7,510

7,576

7,583

7,519

7,453

7,382

7,363

7,334

7,385

7,434

7,414

6,041

5,022

4,428

3,870

4,874

5,436

5,732

6,288

6,998

7,371

7,834

7,896

7,565

7,250

6,870

6,429

6,113

5,794

5,354

5,533

5,727

4,789

0

0

0

0

0

Provision for loss sharing (net of recoveries)

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss on real estate owned

-

-

-

0

-

-

-

0

-

3,200

0

0

0

-

-

0

-

-

-

-

-

250

0

0

0

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Provision for loss sharing (net of recoveries)

-

-

2,560

3,844

-

3,843

2,987

-1,649

-1,465

-259

910

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for credit losses (net of recoveries)

0

-

-

-

-

8,353

-966

198

565

-456

-565

-2,619

-815

-134

2,088

2,419

3,469

4,467

1,454

2,503

539

-308

806

229

1,921

4,287

6,434

10,533

17,657

22,946

40,808

46,182

45,797

38,542

29,666

44,273

0

0

0

Litigation settlement gain

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other-than-temporary impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Loss on sale and restructuring of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,710

-4,363

-5,188

0

0

0

Management fee - related party

-

-

-

-

-

-

-

-

-

6,673

10,398

13,723

13,900

12,600

11,700

11,100

10,925

10,900

10,575

10,300

10,125

9,900

9,900

10,250

10,550

10,900

10,900

10,600

10,300

10,000

9,750

9,300

8,850

8,300

7,950

7,900

0

0

0

Total other expenses

261,634

182,308

190,896

176,753

171,892

169,454

157,194

159,051

155,484

149,889

143,928

143,074

131,201

110,920

96,885

79,482

73,370

74,067

70,924

71,406

70,307

68,649

71,261

70,820

71,410

72,812

73,830

74,891

80,236

84,760

105,735

111,474

109,057

95,987

79,891

94,838

0

0

0

(Loss) income before extinguishment of debt, income from equity affiliates and income taxes

54,341

167,078

170,154

172,826

162,062

161,627

137,160

118,050

112,075

106,703

103,226

85,340

60,327

38,680

0

0

0

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

Loss from continuing operations before, gain on extinguishment of debt, loss on sale of securities, net, (loss) income from equity affiliates and benefit (provision) for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-35,255

-53,819

0

0

0

Loss on extinguishment of debt

-9,265

-7,439

-5,088

0

0

-

0

-

-

7,116

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

4,930

4,930

7,907

28,875

30,459

33,417

34,373

15,331

10,878

19,709

185,641

0

0

0

Income before gain on acceleration of deferred income, loss on termination of swaps, gain on sale of real estate, gain on sale of equity interests, incentive management fee, income from equity affiliates and provision for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,104

25,514

20,123

24,450

24,360

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on acceleration of deferred income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,172

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on termination of swaps

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,630

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

11,631

15,430

15,430

4,407

7,784

3,784

0

0

-

0

-

-

-

-

-

-

3,953

0

0

0

-

-

-

-

-

-

Gain on sale of equity interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Incentive management fee - equity interest - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Income from equity affiliates

12,476

10,635

9,224

4,478

2,601

1,196

-3,602

-1,578

-2,968

-2,951

3,557

7,490

11,860

12,995

12,511

13,935

11,102

12,301

11,202

4,798

3,304

248

70

39

-82

-204

-243

-386

-529

-697

-794

3,147

3,396

3,671

3,791

47

0

0

0

Income before benefit from income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,586

-10,027

-14,518

-38,749

-37,096

-11,754

0

0

0

-

(Loss) income before provision for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Benefit for income taxes

676

15,036

19,598

18,356

18,505

9,731

-1,789

-462

-1,526

13,359

16,544

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-801

0

0

0

-

-

-

-

-

0

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,256

16,388

-9,500

-13,717

-37,347

-37,096

-11,754

119,775

0

0

0

Income from operations of real estate held-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,374

915

629

-890

-1,549

-1,217

0

0

0

-

Net (loss) income

56,876

155,238

159,571

153,779

140,989

148,051

130,387

116,934

110,633

97,509

97,130

89,585

83,401

62,481

48,808

0

0

-

0

-

-

-

-

-

0

-

16,307

13,330

24,728

21,716

-5,798

-10,300

-36,201

-40,096

-13,722

117,807

0

0

0

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,471

5,328

3,702

3,416

1,146

-2,999

-1,967

-1,968

0

0

0

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Preferred stock dividends

7,554

7,554

7,554

7,554

7,554

7,554

7,554

7,554

7,554

7,554

7,552

7,553

7,553

7,554

7,554

7,554

7,554

7,554

7,553

7,553

7,553

7,256

6,778

6,300

5,564

4,506

0

0

0

-

-

-

-

-

-

-

-

-

-

Net (loss) income attributable to noncontrolling interest

10,208

26,610

29,267

29,703

28,662

32,185

29,869

27,732

26,669

24,120

20,247

0

0

-

0

-

-

-

-

-

-

-

-

-

-

124

178

215

215

215

215

215

215

215

215

215

0

0

0

Net (loss) attributable to common stockholders

39,114

121,074

122,750

116,522

104,773

108,312

92,964

81,648

76,410

65,835

64,498

58,965

57,275

42,796

27,283

31,739

31,999

45,875

45,902

93,960

94,927

85,792

84,110

24,372

15,902

16,667

13,033

11,429

23,979

21,500

-6,013

-10,516

-36,417

-40,311

-13,937

0

0

0

-

Basic earnings per common share:
Income from continuing operations, net of noncontrolling interest and preferred stock dividends (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.20

-0.06

0.07

0.57

0.02

-1.06

-0.09

-0.37

0.03

-0.05

5.08

Income from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

-0.02

0.05

0.15

-0.05

-0.01

-0.04

-0.02

-0.01

-0.01

Basic (loss) earnings per common share (in dollars per share)

-0.54

0.35

0.36

0.32

0.27

0.49

0.37

0.26

0.42

0.36

0.27

0.21

0.30

0.40

0.21

0.20

0.02

0.09

0.30

0.21

0.30

0.10

1.26

0.23

0.12

0.04

0.08

0.07

0.20

-0.06

0.07

0.62

0.17

-1.11

-0.10

-0.41

0.01

-0.06

5.07

Diluted earnings per common share:
Income from continuing operations, net of noncontrolling interest and preferred stock dividends (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.19

-0.07

0.07

0.57

0.02

-1.06

-0.09

-0.37

0.03

-0.05

5.06

Income from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

-0.02

0.05

0.15

-0.05

-0.01

-0.04

-0.02

-0.01

-0.01

Diluted (loss) earnings per common share (in dollars per share)

-0.54

0.35

0.35

0.31

0.26

0.47

0.36

0.25

0.42

0.35

0.26

0.21

0.30

0.40

0.21

0.20

0.02

0.09

0.30

0.21

0.30

0.09

1.26

0.23

0.12

0.05

0.08

0.07

0.19

-0.07

0.07

0.62

0.17

-1.11

-0.10

-0.41

0.01

-0.06

5.05

Weighted average shares outstanding:
Basic (in shares)

110,792

101,810

94,486

89,955

85,151

78,504

74,802

65,683

61,842

61,866

61,582

56,652

51,461

51,403

51,390

51,381

51,045

50,968

50,962

50,955

50,544

50,493

50,477

50,267

49,336

49,316

43,397

43,113

33,771

30,920

27,749

24,977

24,180

24,234

25,239

25,440

24,961

25,477

25,477

Diluted (in shares)

131,217

125,809

117,468

113,624

107,869

101,377

98,435

90,055

84,699

84,532

83,918

79,064

73,730

33,813

70,271

51,741

51,095

51,278

50,962

50,955

50,832

50,541

50,477

50,701

49,752

49,716

43,832

43,555

34,236

31,195

28,038

25,267

24,344

23,409

25,239

25,440

25,785

25,477

25,574

Dividends declared per common share (in dollars per share)

0.30

-

0.29

0.28

0.27

-

0.25

0.25

0.21

-

0.18

0.18

0.17

-

0.16

0.15

0.15

-

0.15

0.15

0.13

-

0.13

0.13

0.13

-

0.13

0.12

0.12

-

0.10

0.07

-

-

-

-

-

0.00

-