ABR

As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the thrifts & mortgage finance industry, including Arbor Realty Trust (NYSE:ABR) and its peers. Thrifts & Mortgage Finance institutions operate by accepting deposits and extending loans primarily for residential mortgages, earning revenue through interest rate spreads (difference between lending rates and borrowing costs) and origination fees. The industry benefits from demographic tailwinds as millennials enter prime homebuying age, technological advancements streamlining the loan approval process, and potential interest rate stabilization improving affordability. However, significant headwinds include net interest margin compression during rate volatility, increased competition from fintech disruptors offering digital-first experiences, mounting regulatory compliance costs, and potential housing market corrections that could impact loan portfolios and default rates. The 10 thrifts & mortgage finance stocks we track reported a slower Q2. As a group, revenues missed analysts’ consensus estimates by 5.7% while next quarter’s revenue guidance was 10.1% below. While some thrifts & mortgage finance stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 1.5% since the latest earnings results. With roots dating back to 2003 and a focus on the stability of multifamily housing, Arbor Realty Trust (NYSE:ABR) is a specialized lender that provides financing solutions for multifamily and commercial real estate while also originating and servicing government-backed mortgage loans. Arbor Realty Trust reported revenues of $115.9 million, down 11.1% year on year. This print exceeded analysts’ expectations by 7.1%. Overall, it was a stunning quarter for the company with a beat of analysts’ EPS and net interest income estimates. Arbor Realty Trust achieved the biggest analyst estimate beat but had the slowest revenue growth of the whole group. Unsurprisingly, the stock is up 11.4% since reporting and currently trades at $5.33. Is now the time to buy Arbor Realty Trust? Access our full analysis of the earnings results here, it’s free. Founded in 1896 and operating across Pennsylvania, New York, Ohio, and Indiana, Northwest Bancshares (NASDAQ:NWBI) is a bank holding company that operates Northwest Bank, providing personal and business banking, investment management, and trust services. Northwest Bancshares reported revenues of $180.8 million, up 20.2% year on year, outperforming analysts’ expectations by 1%. The business had a satisfactory quarter with a beat of analysts’ EPS estimates. However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $15.55. Is now the time to buy Northwest Bancshares? Access our full analysis of the earnings results here, it’s free. Born in Detroit during the 1980s and evolving into a tech-driven financial powerhouse, Rocket Companies (NYSE:RKT) is a fintech company that provides digital mortgage lending, real estate services, and personal finance solutions through its technology platform. Rocket Companies reported revenues of $2.76 billion, up 92.9% year on year, falling short of analysts’ expectations by 2.7%. It was a disappointing quarter as it posted EPS in line with analysts’ estimates. Interestingly, the stock is up 4% since the results and currently trades at $13.75. Read our full analysis of Rocket Companies’s results here. Operating as a real estate investment trust since 2009 to maintain tax advantages, PennyMac Mortgage Investment Trust (NYSE:PMT) is a specialty finance company that invests in mortgage-related assets and operates a correspondent lending business. PennyMac Mortgage Investment Trust reported revenues of $72.73 million, up 3.6% year on year. This print lagged analysts’ expectations by 24.2%. Overall, it was a disappointing quarter as it also recorded a significant miss of analysts’ net interest income estimates and a significant miss of analysts’ EPS estimates. The stock is flat since reporting and currently trades at $9.68. Read our full, actionable report on PennyMac Mortgage Investment Trust here, it’s free. Originating as a small mortgage banking firm during the Great Depression in 1937, Walker & Dunlop (NYSE:WD) provides commercial real estate financing, property sales, appraisal, and investment management services with a focus on multifamily properties. Walker & Dunlop reported revenues of $306.7 million, down 3.9% year on year. This result came in 8.2% below analysts’ expectations. It was a softer quarter as it also logged a significant miss of analysts’ net interest income estimates and a miss of analysts’ tangible book value per share estimates. The stock is down 13.8% since reporting and currently trades at $44.25. Read our full, actionable report on Walker & Dunlop here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Arbor Realty Trust stock has had a difficult few years, yet the current valuation signals are split, with the Excess Returns intrinsic value estimate pointing to meaningful upside while traditional market multiples suggest the shares trade on the expensive side. Over the past 3 years, Arbor Realty Trust shareholders have seen the share price decline about 56.7%, which puts recent valuation questions front and center for many investors. The key support for the share price can come from how reliably Arbor Realty Trust converts its real estate lending portfolio into cash flows. However, any pressure on credit quality or funding costs may weigh heavily on what investors are willing to pay. The company scores 3 out of 6 on our value checks, which points to a mixed picture rather than a clear bargain or a clear overvaluation. The issue now is whether Arbor Realty Trust's current US$5.01 share price already reflects the Excess Returns intrinsic value estimate or if there is still a meaningful discount built in. Find out why Arbor Realty Trust's -49.4% return over the last year is lagging behind its peers. The Excess Returns model evaluates how effectively Arbor Realty Trust converts its equity base into profits after accounting for its cost of capital. For Arbor, this involves comparing what shareholders have invested with what the business is expected to earn over time. Arbor Realty Trust has a Book Value of $11.63 per share and a Stable EPS estimate of $1.00 per share, based on the median return on equity from the past 5 years. Against a Cost of Equity of $1.31 per share, the model indicates an excess return of $0.31 per share in the wrong direction, which suggests that projected earnings do not fully cover the implied equity charge. The Average Return on Equity of 9.54% and a Stable Book Value of $10.51 per share, based on estimates from 3 analysts, result in an Excess Returns value estimate of about $7.08 per share. Compared with the current $5.01 share price, the Excess Returns model suggests that Arbor Realty Trust trades at roughly a 29.2% discount to this intrinsic value. On this framework, Arbor Realty Trust stock appears undervalued relative to its Excess Returns intrinsic value estimate. Our Excess Returns analysis suggests Arbor Realty Trust is undervalued by 29.2%. Track this in your watchlist or portfolio, or discover 55 more high quality undervalued stocks. Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Arbor Realty Trust. The P/E ratio suits Arbor Realty Trust because earnings remain a key anchor for how investors price mortgage REITs. At the moment, Arbor Realty Trust trades on a P/E of 12.4x, which sits below the peer group average of 13.8x and above the Mortgage REITs industry average of 9.6x. That places the stock between broader sector pricing and closer listed peers on earnings. For you as an investor, this means Arbor Realty Trust does not screen as especially cheap on earnings compared with the wider Mortgage REITs group, even though it trades at a discount to immediate peers. The market appears willing to pay a higher multiple than the industry average for Arbor Realty Trust, which may indicate that the shares are priced at a premium on this simple earnings yardstick. On the P/E multiple, Arbor Realty Trust stock currently appears to trade at a premium relative to the broader Mortgage REITs industry. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives pick up where Arbor Realty Trust's mixed valuation signals leave off. They spell out what kind of future growth, margins and earnings would need to occur for the stock to be worth much more or much less than today's price. Each narrative links a specific fair value to a particular story about Arbor Realty Trust's possible catalysts and risks so you can watch over time which version of events appears to be unfolding on the Community page. You can add your voice to the Arbor Realty Trust story by sharing a Narrative that presents your data-driven view on the outlook for its growth, margins and execution. Put your thesis on Arbor Realty Trust's stock in writing and track how it holds up as new results and market reactions come in. Do you think there's more to the story for Arbor Realty Trust? Head over to our Community to see what others are saying! For Arbor Realty Trust, the Excess Returns intrinsic value estimate points to the stock trading at a clear discount, while the P/E multiple signals that investors already pay up relative to the broader mortgage REITs group. That split largely reflects different emphases. The intrinsic view leans on how effectively Arbor Realty Trust converts its equity and lending portfolio into cash flows, while the multiple view leans on sentiment and how peers are priced. With broader valuation checks sitting in the middle, the key question now is whether Arbor Realty Trust can sustain the earnings and credit performance needed to justify a higher multiple rather than the discount turning into a value trap. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ABR. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Arbor Realty Trust (ABR) came out with quarterly earnings of $0.1 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +42.86%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.16 per share when it actually produced earnings of $0.07, delivering a surprise of -56.25%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Arbor Realty Trust, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $230.86 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.07%. This compares to year-ago revenues of $240.3 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Arbor Realty Trust shares have lost about 38.3% since the beginning of the year versus the S&P 500's gain of 8.7%. While Arbor Realty Trust has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Arbor Realty Trust was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.11 on $228.42 million in revenues for the coming quarter and $0.34 on $921.65 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust is currently in the bottom 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Granite Point Mortgage Trust (GPMT), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 5. This real estate investment trust is expected to post quarterly loss of $0.18 per share in its upcoming report, which represents a year-over-year change of +80.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Granite Point Mortgage Trust's revenues are expected to be $8.2 million, up 1.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Arbor Realty Trust (ABR) : Free Stock Analysis Report Granite Point Mortgage Trust Inc. (GPMT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Arbor Realty Trust? Here are five stocks we like better. Q2 distributable earnings were $31 million, or $0.15 per share, with management expecting earnings of $0.15–$0.17 per share over the next two or three quarters due to continued realized losses from asset resolutions. Arbor strengthened liquidity and reduced funding costs by unwinding a legacy CLO, completing a $375 million convertible offering, and repurchasing 21 million shares below book value. The buyback lifted pro forma book value per share 6% to $11.59, while workforce reductions are expected to save about $10 million annually. Resolving non-performing assets remains the company’s central focus: delinquencies and REO totaled roughly $1.07 billion at quarter-end, though management targets significant reductions by year-end and expects to resolve most problem assets over the next four to six quarters. 5 Stocks with Unusually Large Short Interest Arbor Realty Trust (NYSE:ABR) reported second-quarter distributable earnings of $31 million, or $0.15 per share, as the mortgage real estate investment trust continued to work through non-performing loans and restructure its funding profile. Chief Executive Officer Ivan Kaufman said the company completed several capital-markets transactions during the quarter and early in the third quarter that increased liquidity and reduced financing costs. Arbor unwound another legacy collateralized loan obligation, refinancing the loans through bank lines at pricing nearly 40 basis points lower and with leverage improved by nearly 10 percentage points. Kaufman said the transaction generated about $135 million of additional liquidity. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now At 10%, Is Arbor Realty Trust Dividend Worth It? The company has reduced its legacy CLO collateral by $7.8 billion and added $2.5 billion of new vehicles over the past 36 months, according to Kaufman. One legacy vehicle with $1.2 billion of collateral remained at June 30, and management said it expects to unwind that vehicle in the near future. In early July, Arbor completed a $375 million convertible debt offering and used most of the proceeds to repay its September bonds. The company also used $114 million of the proceeds to repurchase 21 million shares at $5.42 per share, which Kaufman said was below 50% of book value. → Microsoft Just Flipped the AI Spending Narrative Overnight Chief Financial Officer Paul LeMieux said the share repurchase raised pro forma book value per share to $11.59 from $10.95 at June 30, representing a 6% increase. Kaufman said the buyback was expected to be accretive to both book value per share and future earnings per share. Arbor also announced a workforce reduction in certain areas of its business. The company expects recurring annual savings of approximately $10 million, or $0.05 per share, after a one-time severance payment. Kaufman said the company is also pursuing further expense reductions, including wider use of artificial intelligence to improve operational and process efficiency. → Carrier Earnings Could Send the Stock to a New All-Time High Arbor originated $1.05 billion through its agency platform during the second quarter, along with $50 million of CMBS brokerage transactions, for total agency-related volume of $1.1 billion. Year-to-date agency volume totaled about $1.9 billion, up 30% from the prior year, management said. Higher and volatile interest rates have slowed transaction closings, Kaufman said, though the company has a growing pipeline of larger loans and expects a stronger second half. Management said it hopes to generate agency volume similar to 2025, although closing timing remains uncertain. In balance-sheet lending, Arbor originated $160 million during the quarter and more than $550 million in the first half. Kaufman said the bridge-lending market remains highly competitive, leading the company to focus on larger transactions with higher-quality sponsors. Arbor maintained its 2026 balance-sheet lending guidance of $1 billion to $1.5 billion. The company’s single-family rental platform originated $315 million during the second quarter and another $215 million in July, bringing year-to-date volume to $700 million. Kaufman attributed a stronger forward pipeline in part to the passage of the One Big Beautiful Bill Act and its carve-outs for build-to-rent businesses. Arbor also expects to originate between $500 million and $750 million in construction lending. Arbor’s fee-based servicing portfolio grew to $36.7 billion at June 30. LeMieux said the portfolio carried a weighted average servicing fee of 35 basis points and an estimated remaining life of six years, producing about $128 million of gross annual income. Management said elevated interest rates have extended the timeline for resolving delinquent loans and real estate owned, or REO, assets. Kaufman said Arbor expects it could take another four to six quarters to resolve the majority of these assets. At June 30, Arbor had approximately $525 million of delinquencies and $545 million of REO assets, for total non-performing assets of roughly $1.07 billion. The company resolved $90 million of those assets in July and had executed agreements to resolve another $105 million in August. Kaufman said those transactions would reduce the non-performing loan book to approximately $875 million, a 13% decline from the first quarter. Management also said it has visibility into resolving another $200 million to $300 million of delinquencies during the third and fourth quarters and aims to reduce REO assets to about $300 million by year-end. Arbor generally seeks to market potential REO assets to existing borrowers and, in many cases, provides seller financing to support execution, executives said during the question-and-answer session. Arbor’s legacy portfolio declined to $4.7 billion at June 30 after the company resolved $800 million of loans during the quarter. Kaufman said the company is targeting restructurings and resolutions of roughly $500 million per quarter, which could reduce the legacy portfolio to about $2.4 billion by year-end and below $1 billion by the end of 2027. LeMieux said second-quarter distributable earnings excluded $10 million of realized losses tied to resolutions of delinquent and REO assets that had previously been reserved for. The company recorded an additional $14 million of REO impairments, $22 million of specific reserves on balance-sheet loans, and $16 million of additional general CECL reserves during the quarter. Management expects realized losses of $20 million to $30 million per quarter for the next few quarters as it accelerates asset resolutions, though the precise timing may vary. LeMieux said distributable earnings could remain in the $0.15 to $0.17 per-share range over the next two or three quarters, with potential improvement in 2027 as non-performing assets are converted into income-producing loans. During the call, Kaufman said maximizing shareholder value remains Arbor’s objective and that strategic alternatives are among the options the company considers. He closed by saying Arbor is “extraordinarily well positioned” to continue navigating the prolonged downturn. Arbor Realty Trust, Inc (NYSE: ABR) is a real estate investment trust specializing in the origination, acquisition, financing, structuring and management of commercial real estate loans and securities. The company focuses primarily on multifamily and commercial mortgage lending, targeting properties such as apartment communities, senior housing and healthcare facilities. Through both agency and non-agency channels, Arbor Realty Trust seeks to deliver liquidity solutions to borrowers while generating stable, risk-adjusted returns for its shareholders. Core business activities include originating first-mortgage loans secured by multifamily and mixed-use properties, as well as providing mezzanine financing and preferred equity investments. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Arbor Realty Trust Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Company Highlights: GAAP net loss of $(37.3) million, or $(0.20) per diluted common share Distributable earnings1 of $0.10 per diluted common share, or $0.15 excluding $9.6 million of net realized losses from the resolution of certain legacy assets Generated ~$500 million of additional liquidity through two recent capital markets transactions with a portion of the proceeds used to: Repurchased an additional $20.8 million of stock at $5.85 per share, or 53% of book value Declares cash dividend on common stock of $0.17 per share Servicing portfolio of ~$36.70 billion, agency loan originations of $1.08 billion Structured loan portfolio of ~$12.11 billion, originations of $689.0 million and runoff of $539.7 million UNIONDALE, N.Y., July 31, 2026 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced financial results for the second quarter ended June 30, 2026. Arbor reported a net loss for the quarter of $(37.3) million, or $(0.20) per diluted common share, compared to net income of $24.0 million, or $0.12 per diluted common share for the quarter ended June 30, 2025. Distributable earnings for the quarter was $21.7 million, or $0.10 per diluted common share, compared to $52.1 million, or $0.25 per diluted common share for the quarter ended June 30, 2025. Agency Business Loan Origination Platform For the quarter ended June 30, 2026, the Agency Business generated revenues of $64.5 million, compared to $57.9 million for the first quarter of 2026. Gain on sales, including fee-based services, net was $15.2 million for the quarter, reflecting a margin of 1.33%, compared to $12.5 million and 1.86% for the first quarter of 2026. Income from mortgage servicing rights was $12.1 million for the quarter, reflecting a rate of 1.00% as a percentage of loan commitments, compared to $9.7 million and 1.32% for the first quarter of 2026. At June 30, 2026, loans held-for-sale was $375.8 million, with financing associated with these loans totaling $359.3 million. Fee-Based Servicing Portfolio The Company’s fee-based servicing portfolio totaled $36.70 billion at June 30, 2026. Servicing revenue, net was $23.9 million for the quarter and consisted of servicing revenue of $42.1 million, net of amortization of mortgage servicing rights totaling $18.2 million. Loans sold under the Fannie Mae program contain an obligation to partially guarantee the performance of the loan (“loss-sharing obligations”) and includes $36.6 million for the fair value of the guarantee obligation undertaken at June 30, 2026. The Company recorded a $12.9 million net provision for loss sharing associated with CECL for the second quarter of 2026. At June 30, 2026, the Company’s total CECL allowance for loss-sharing obligations was $82.3 million, representing 0.34% of the Fannie Mae servicing portfolio. Structured Business Portfolio and Investment Activity At June 30, 2026, the loan and investment portfolio’s unpaid principal balance ("UPB"), excluding loan loss reserves, was $12.11 billion, with a weighted average interest rate of 6.50%, compared to $12.00 billion and 6.49% at March 31, 2026. Including certain fees earned and costs associated with the loan and investment portfolio, the weighted average interest rate was 6.95% at June 30, 2026, compared to 7.03% at March 31, 2026. The average balance of the Company’s loan and investment portfolio during the second quarter of 2026, excluding loan loss reserves, was $12.08 billion with a weighted average yield of 7.21%, compared to $12.04 billion and 7.50% for the first quarter of 2026. The decrease in the weighted average yield was primarily due to less default and back interest collected in the second quarter of 2026, as well as from additional delinquencies and rate modifications in the second quarter of 2026. During the second quarter of 2026, the Company recorded a $38.2 million net provision for loan losses associated with CECL. At June 30, 2026, the Company’s total allowance for loan losses was $163.4 million. The Company had nineteen non-performing loans with a UPB of $428.8 million, before related loan loss reserves of $31.1 million, compared to nineteen non-performing loans with a UPB of $481.5 million, before loan loss reserves of $16.1 million at March 31, 2026. In addition, the Company recorded $13.6 million of impairments on two real estate owned properties. In addition, at June 30, 2026, the Company had three non-accrual loans with a UPB of $94.9 million that were less than 60 days past due, compared to none at March 31, 2026. During the second quarter of 2026, the Company modified 7 loans to borrowers experiencing financial difficulty with a total UPB of $386.9 million, the majority of which had borrowers investing additional capital to recapitalize their deals. The Company foreclosed on five loans with a UPB totaling $121.4 million, selling two of these foreclosed properties and three existing REO properties for $79.8 million. Financing Activity The balance of debt that finances the Company’s loan and investment portfolio at June 30, 2026 was $10.48 billion with a weighted average interest rate including fees of 6.38%, as compared to $10.71 billion and a rate of 6.40% at March 31, 2026. The average balance of debt that finances the Company’s loan and investment portfolio for the second quarter of 2026 was $10.51 billion, as compared to $10.38 billion for the first quarter of 2026. The average cost of borrowings for the second quarter of 2026 was 6.56%, compared to 6.67% for the first quarter of 2026. The decrease in average cost was primarily due to reduced pricing associated with CLO activity, as well as a decrease in the average SOFR rate in the second quarter of 2026. The Company redeemed in full and at par a legacy CLO with $787.0 million of outstanding notes, financing the underlying assets through existing repurchase facilities with significantly improved terms. The transaction enhanced leverage, reduced financing costs and generated approximately $132.3 million of additional liquidity. In July 2026, the Company completed an upsized $375.0 million offering of 6.25% convertible senior notes due 2029. The Company is using the offering proceeds to redeem its $270.0 million of 4.50% senior notes due 2026 and to repurchase common stock through two separate transactions: $11.6 million to repurchase ~2.1 million shares concurrently with the pricing of the offering and $102.7 million to repurchase ~18.9 million shares pursuant to a prepaid forward stock repurchase transaction. Dividend The Company announced today that its Board of Directors has declared a quarterly cash dividend of $0.17 per share of common stock for the quarter ended June 30, 2026. The dividend is payable on August 28, 2026 to common stockholders of record on August 14, 2026. Earnings Conference Call The Company will host a conference call today at 10:00 a.m. Eastern Time. A live webcast and replay of the conference call will be available at www.arbor.com in the investor relations section of the Company’s website, or you can access the call telephonically at least ten minutes prior to the conference call. The dial-in numbers are (833) 419-0865 for domestic callers and (785) 838-9333 for international callers. Please use participant passcode ABRQ226 when prompted by the operator. A telephonic replay of the call will be available until August 7, 2026. The replay dial-in numbers are (800) 925-9416 for domestic callers and (402) 220-5387 for international callers. About Arbor Realty Trust, Inc. Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide 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. Headquartered in New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS® lender and Freddie Mac Optigo® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor’s product platform also includes bridge, CMBS, mezzanine and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality, and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan. Safe Harbor Statement Certain items in this press release may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Arbor can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from Arbor’s expectations include, but are not limited to, changes in economic conditions generally, and the real estate markets specifically, continued ability to source new investments, changes in interest rates and/or credit spreads, and other risks detailed in Arbor’s Annual Report on Form 10-K for the year ended December 31, 2025 and its other reports filed with the SEC. Such forward-looking statements speak only as of the date of this press release. Arbor expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Arbor’s expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based. Notes During the quarterly earnings conference call, the Company may discuss non-GAAP financial measures as defined by SEC Regulation G. In addition, the Company has used non-GAAP financial measures in this press release. A supplemental schedule of non-GAAP financial measures and the comparable GAAP financial measure can be found on the last two pages of this release. The Company is presenting distributable earnings because management believes it is an important supplemental measure of the Company's operating performance and is useful to investors, analysts and other parties in the evaluation of REITs and their ability to provide dividends to stockholders. Dividends are one of the principal reasons investors invest in REITs. To maintain REIT status, REITs are required to distribute at least 90% of their REIT-taxable income. The Company considers distributable earnings in determining its quarterly dividend and believes that, over time, distributable earnings is a useful indicator of the Company's dividends per share. The Company defines distributable earnings as net income (loss) attributable to common stockholders computed in accordance with GAAP, adjusted for accounting items such as depreciation and amortization (adjusted for unconsolidated joint ventures), non-cash stock-based compensation expense, income from MSRs, amortization and write-offs of MSRs, gains/losses on derivative instruments primarily associated with Private Label loans not yet sold and securitized, changes in fair value of GSE-related derivatives that temporarily flow through earnings, deferred tax provision (benefit), CECL provisions for credit losses (adjusted for realized losses as described below), gains/losses on the receipt of real estate from the settlement of loans and subsequent impairment losses on real estate owned prior to the sale of the real estate. The Company also adds back one-time charges such as acquisition costs and one-time gains/losses on the early extinguishment of debt and redemption of preferred stock. The Company reduces distributable earnings for realized losses in the period management determines that a loan is deemed nonrecoverable in whole or in part. Loans are deemed nonrecoverable upon the earlier of: (1) when the loan receivable is repaid, or in the case of foreclosure, when the underlying asset is sold at which time any impairments and/or cumulative depreciation expense are realized; or (2) when management determines that it is nearly certain that all amounts due will not be collected. The realized loss amount is equal to the difference between the cash received, or expected to be received, and the book value of the asset. Distributable earnings is not intended to be an indication of the Company's cash flows from operating activities (determined in accordance with GAAP) or a measure of its liquidity, nor is it entirely indicative of funding the Company's cash needs, including its ability to make cash distributions. The Company's calculation of distributable earnings may be different from the calculations used by other companies and, therefore, comparability may be limited.

As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the thrifts & mortgage finance industry, including Arbor Realty Trust (NYSE:ABR) and its peers. Thrifts & Mortgage Finance institutions operate by accepting deposits and extending loans primarily for residential mortgages, earning revenue through interest rate spreads (difference between lending rates and borrowing costs) and origination fees. The industry benefits from demographic tailwinds as millennials enter prime homebuying age, technological advancements streamlining the loan approval process, and potential interest rate stabilization improving affordability. However, significant headwinds include net interest margin compression during rate volatility, increased competition from fintech disruptors offering digital-first experiences, mounting regulatory compliance costs, and potential housing market corrections that could impact loan portfolios and default rates. The 12 thrifts & mortgage finance stocks we track reported a mixed Q1. As a group, revenues beat analysts’ consensus estimates by 4.2% while next quarter’s revenue guidance was 6.6% below. While some thrifts & mortgage finance stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 3.5% since the latest earnings results. With roots dating back to 2003 and a focus on the stability of multifamily housing, Arbor Realty Trust (NYSE:ABR) is a specialized lender that provides financing solutions for multifamily and commercial real estate while also originating and servicing government-backed mortgage loans. Arbor Realty Trust reported revenues of $117.4 million, down 12.5% year on year. This print exceeded analysts’ expectations by 3.5%. Overall, it was a satisfactory quarter for the company with an impressive beat of analysts’ net interest income estimates but a significant miss of analysts’ EPS estimates. Arbor Realty Trust delivered the slowest revenue growth of the whole group. Even though it had a relatively good quarter, the market seems discontent with the results. The stock is down 38% since reporting and currently trades at $5.06. Is now the time to buy Arbor Realty Trust? Access our full analysis of the earnings results here, it’s free. Born in Detroit during the 1980s and evolving into a tech-driven financial powerhouse, Rocket Companies (NYSE:RKT) is a fintech company that provides digital mortgage lending, real estate services, and personal finance solutions through its technology platform. Rocket Companies reported revenues of $2.82 billion, up 108% year on year, outperforming analysts’ expectations by 2%. The business had an exceptional quarter with a beat of analysts’ EPS estimates. Rocket Companies pulled off the fastest revenue growth among its peers. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 5.5% since reporting. It currently trades at $13.37. Is now the time to buy Rocket Companies? Access our full analysis of the earnings results here, it’s free. Operating as a specialized real estate investment trust (REIT) with roots dating back to 2012, Franklin BSP Realty Trust (NYSE:FBRT) originates and manages a diversified portfolio of commercial real estate debt investments secured by properties in the United States and abroad. Franklin BSP Realty Trust reported revenues of $60.39 million, up 6.1% year on year, falling short of analysts’ expectations by 17.4%. It was a disappointing quarter as it posted a significant miss of analysts’ net interest income and EPS estimates. Franklin BSP Realty Trust delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 6.1% since the results and currently trades at $8.43. Read our full analysis of Franklin BSP Realty Trust’s results here. Founded in 1917 and rebranded from Washington Federal in 2023, WaFd (NASDAQ:WAFD) is a bank holding company that provides lending, deposit services, and insurance through its Washington Federal Bank subsidiary across eight western states. WaFd Bank reported revenues of $198.3 million, up 10.5% year on year. This number beat analysts’ expectations by 4%. Overall, it was a very strong quarter as it also recorded an impressive beat of analysts’ net interest income and EPS estimates. The stock is up 13.2% since reporting and currently trades at $36.80. Read our full, actionable report on WaFd Bank here, it’s free. Founded during the Roaring Twenties in 1926 and headquartered in Fair Lawn, New Jersey, Columbia Financial (NASDAQ:CLBK) operates federally chartered savings banks in New Jersey that offer traditional banking services including loans, deposits, and insurance products. Columbia Financial reported revenues of $66.18 million, up 18.5% year on year. This result surpassed analysts’ expectations by 9.1%. However, it was a slower quarter as it recorded EPS and net interest income in line with analysts’ estimates. The stock is up 7.4% since reporting and currently trades at $19.78. Read our full, actionable report on Columbia Financial here, it’s free. Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure? These concerns triggered a noticeable rotation away from these sectors and into safer havens. 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Arbor Realty Trust’s first quarter was marked by a negative market reaction, with investors responding to a larger-than-expected earnings shortfall despite revenue surpassing analyst estimates. Management identified elevated nonperforming assets and slower progress resolving delinquent loans as key challenges. CEO Ivan Kaufman described the quarter as being impacted by “a tremendous drag on our earnings” from non-interest-earning assets, with higher interest rates further delaying asset resolution. Additionally, seasonal softness in the agency business and continued competitive pressures in lending weighed on results. Is now the time to buy ABR? Find out in our full research report (it’s free). Revenue: $117.4 million vs analyst estimates of $113.4 million (12.5% year-on-year decline, 3.5% beat) Adjusted EPS: $0.07 vs analyst expectations of $0.11 (38.6% miss) Adjusted Operating Income: $10.83 million vs analyst estimates of $12.52 million (9.2% margin, 13.5% miss) Market Capitalization: $1.12 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Jade Joseph Rahmani (KBW) asked about the outlook for single-family rental originations and borrower characteristics. CEO Ivan Kaufman responded that momentum has returned as legislative concerns ease, with most borrowers being institutionally backed and cap rates remaining attractive. Jade Joseph Rahmani (KBW) inquired about the impact of rising interest rates on credit quality. Kaufman stated that higher rates are slowing the resolution process and liquidity, leading the company to proactively adjust its dividend and maintain reserves. Citizens Capital Markets Analyst questioned the shift toward larger average loan sizes in the bridge portfolio. Kaufman explained this was intentional, allowing more selectivity and increased focus on high-quality sponsors amid a competitive market. Richard Barry Shane (JPMorgan) sought clarity on capital expenditures for REO properties and the company’s approach to accelerating asset disposals. Kaufman described a case-by-case strategy, with a preference for quicker resolutions when possible and selective CapEx for assets held longer-term. Raymond James Analyst asked for updates on market dynamics in Texas and Florida. Kaufman noted that softness in these regions is stabilizing, with improved occupancy trends and operational discipline helping to mitigate past challenges. Looking ahead, the StockStory team will be monitoring (1) the pace and scale of nonperforming asset resolutions and how quickly they translate into improved earnings, (2) origination volume growth across agency, bridge, and construction lending segments, and (3) management’s ability to maintain credit discipline and navigate continued rate volatility. Progress on legal and regulatory matters will also be important to track for operational stability. Arbor Realty Trust currently trades at $5.84, down from $8.17 just before the earnings. In the wake of this quarter, is it a buy or sell? See for yourself in our full research report (it’s free for active Edge members). WHILE YOU’RE HERE: Top 9 Market-Beating Stocks. The best stocks don't just beat the market once. They do it again. And again. Robust revenue growth, rising free cash flow, returns on capital that leave their competition in the dust. The market has already rewarded these businesses. But our AI platform says the party isn't over. Find out which 9 stocks made the cut this week - FREE. Get Our Top 9 Market-Beating Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.