Arbor Realty Trust, Inc. ABR Income Statement

Arbor realty trust, inc. (ABR)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'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	-