XNYSABRpE
Market cap2.63bUSD
Dec 26, Last price
18.70USD
1D
0.00%
1Q
-4.10%
Name
Arbor Realty Trust Inc
Profile
Arbor Realty Trust, Inc. invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States. The company operates in two segments, Structured Business and Agency Business. It primarily invests in bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes, and various mortgage-related securities. The company offers bridge financing products to borrowers who seek short-term capital to be used in an acquisition of property; financing by making preferred equity investments in entities that directly or indirectly own real property; mezzanine financing in the form of loans that are subordinate to a conventional first mortgage loan and senior to the borrower's equity in a transaction; junior participation financing in the form of a junior participating interest in the senior debt; and financing products to borrowers who are looking to acquire conventional, workforce, and affordable single-family housing. Further, it underwrites, originates, sells, and services multifamily mortgage loans through conduit/commercial mortgage-backed securities programs. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Arbor Realty Trust, Inc. was incorporated in 2003 and is headquartered in Uniondale, New York.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 1,624,240 162.37% | 619,061 4.76% | 590,923 36.12% | |||||||
Cost of revenue | 1,114,276 | 377,640 | 389,167 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 509,964 | 241,421 | 201,756 | |||||||
NOPBT Margin | 31.40% | 39.00% | 34.14% | |||||||
Operating Taxes | 27,347 | 17,484 | 46,285 | |||||||
Tax Rate | 5.36% | 7.24% | 22.94% | |||||||
NOPAT | 482,617 | 223,937 | 155,471 | |||||||
Net income | 371,434 14.01% | 325,783 -3.98% | 339,300 98.48% | |||||||
Dividends | (380,640) | (321,739) | (227,062) | |||||||
Dividend yield | 11.46% | 12.25% | 7.94% | |||||||
Proceeds from repurchase of equity | 156,230 | 400,547 | 471,157 | |||||||
BB yield | -4.70% | -15.25% | -16.48% | |||||||
Debt | ||||||||||
Debt current | 588,154 | 3,841,814 | 4,481,579 | |||||||
Long-term debt | 8,966,727 | 10,292,432 | 8,131,285 | |||||||
Deferred revenue | 13,967,106 | 12,523,861 | ||||||||
Other long-term liabilities | (8,603,685) | (9,658,468) | (7,575,122) | |||||||
Net debt | 8,384,778 | 13,883,780 | 11,978,124 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 235,857 | 1,099,649 | 216,847 | |||||||
CAPEX | ||||||||||
Cash from investing activities | 1,878,978 | (2,317,122) | (6,750,254) | |||||||
Cash from financing activities | (1,825,793) | 1,574,368 | 6,887,679 | |||||||
FCF | (14,025,666) | 3,939,231 | 5,575,248 | |||||||
Balance | ||||||||||
Cash | 935,521 | 14,789 | 404,580 | |||||||
Long term investments | 234,582 | 235,677 | 230,160 | |||||||
Excess cash | 1,088,891 | 219,513 | 605,194 | |||||||
Stockholders' equity | 887,417 | 867,398 | 752,071 | |||||||
Invested Capital | 14,848,240 | 34,628,392 | 23,898,969 | |||||||
ROIC | 1.95% | 0.77% | 0.86% | |||||||
ROCE | 3.24% | 1.16% | 1.03% | |||||||
EV | ||||||||||
Common stock shares outstanding | 218,844 | 199,113 | 156,090 | |||||||
Price | 15.18 15.09% | 13.19 -28.00% | 18.32 29.20% | |||||||
Market cap | 3,322,046 26.49% | 2,626,296 -8.16% | 2,859,561 50.53% | |||||||
EV | 12,477,140 | 17,278,643 | 15,525,710 | |||||||
EBITDA | 582,800 | 310,029 | 267,586 | |||||||
EV/EBITDA | 21.41 | 55.73 | 58.02 | |||||||
Interest | 903,228 | 557,617 | 212,005 | |||||||
Interest/NOPBT | 177.12% | 230.97% | 105.08% |