Arbor Realty Trust Inc
ABR NYSE Real Estate Investment Trusts Financials FY2016–FY2025
Revenue
Total sales reported in the income statement.
$510M
18.0%
vs prior year
Operating margin
Operating income as a share of revenue.
34.6%
13.2 pts
Net income
Profit after all expenses, interest and tax.
$158M
44.4%
Free cash flow
Cash from operations minus capital spending.
—
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
1.0%
0.9 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $0.08 EPS (TTM)
What Arbor Realty Trust Inc does
No business description yet.
- Legal name
- ARBOR REALTY TRUST INC
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 27, 2026
- Accession · CIK
- 0001253986-26-000019
0001253986
Revenue and margins
Arbor Realty Trust Inc had $510M of revenue in fiscal 2025, down 18.0% on the year before.
FY16
Revenue $150M
FY17
Revenue $257M
FY18
Revenue $331M
FY19
Revenue $349M
FY20
Revenue $435M
FY21
Revenue $587M
FY22
Revenue $619M
FY23
Revenue $721M
FY24
Revenue $622M
FY25
Revenue $510M
Q3 '23
Revenue $177M
Q4 '23
Revenue $189M
Q1 '24
Revenue $161M
Q2 '24
Revenue $153M
Q3 '24
Revenue $157M
Q4 '24
Revenue $152M
Q1 '25
Revenue $134M
Q2 '25
Revenue $130M
Q3 '25
Revenue $112M
Q4 '25
Revenue $133M
Q1 '26
Revenue $117M
Q2 '26
Revenue $116M
FY16
Gross —
Operating 29.2%
Net 41.8%
FCF —
FY17
Gross —
Operating 43.2%
Net 38.0%
FCF —
FY18
Gross —
Operating 47.7%
Net 44.7%
FCF —
FY19
Gross —
Operating 48.7%
Net 44.4%
FCF —
FY20
Gross —
Operating 54.4%
Net 45.1%
FCF —
FY21
Gross —
Operating 72.2%
Net 64.3%
FCF —
FY22
Gross —
Operating 60.0%
Net 57.2%
FCF —
FY23
Gross —
Operating 59.3%
Net 55.6%
FCF —
FY24
Gross —
Operating 47.8%
Net 45.6%
FCF —
FY25
Gross —
Operating 34.6%
Net 30.9%
FCF —
Gross
Operating
Net
FCF
Q3 '23
Gross —
Operating —
Net 53.8%
FCF —
Q4 '23
Gross —
Operating —
Net 58.2%
FCF —
Q1 '24
Gross —
Operating —
Net 45.6%
FCF —
Q2 '24
Gross —
Operating —
Net 40.4%
FCF —
Q3 '24
Gross —
Operating —
Net 46.9%
FCF —
Q4 '24
Gross —
Operating —
Net 49.7%
FCF —
Q1 '25
Gross —
Operating —
Net 32.3%
FCF —
Q2 '25
Gross —
Operating —
Net 27.8%
FCF —
Q3 '25
Gross —
Operating —
Net 46.3%
FCF —
Q4 '25
Gross —
Operating —
Net 19.6%
FCF —
Q1 '26
Gross —
Operating —
Net 9.4%
FCF —
Q2 '26
Gross —
Operating —
Net −26.0%
FCF —
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew −4.3% a year. Loss periods are shown in red.
FY16
Net income $62.5M
FY17
Net income $97.5M
FY18
Net income $148M
FY19
Net income $155M
FY20
Net income $196M
FY21
Net income $378M
FY22
Net income $354M
FY23
Net income $401M
FY24
Net income $284M
FY25
Net income $158M
Q3 '23
Net income $95.1M
Q4 '23
Net income $110M
Q1 '24
Net income $73.2M
Q2 '24
Net income $61.8M
Q3 '24
Net income $73.5M
Q4 '24
Net income $75.3M
Q1 '25
Net income $43.4M
Q2 '25
Net income $36.3M
Q3 '25
Net income $52.0M
Q4 '25
Net income $26.1M
Q1 '26
Net income $11.0M
Q2 '26
Net income −$30.2M
FY16
Diluted EPS $0.83
FY17
Diluted EPS $1.12
FY18
Diluted EPS $1.50
FY19
Diluted EPS $1.27
FY20
Diluted EPS $1.41
FY21
Diluted EPS $2.28
FY22
Diluted EPS $1.67
FY23
Diluted EPS $1.75
FY24
Diluted EPS $1.18
FY25
Diluted EPS $0.56
Q3 '23
Diluted EPS $0.41
Q4 '23
Diluted EPS $0.47
Q1 '24
Diluted EPS $0.31
Q2 '24
Diluted EPS $0.25
Q3 '24
Diluted EPS $0.31
Q4 '24
Diluted EPS $0.31
Q1 '25
Diluted EPS $0.16
Q2 '25
Diluted EPS $0.12
Q3 '25
Diluted EPS $0.20
Q4 '25
Diluted EPS $0.08
Q1 '26
Diluted EPS $0.00
Q2 '26
Diluted EPS −$0.20
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital 1.4%
Return on equity 10.6%
Return on assets 2.1%
FY17
Return on capital 2.7%
Return on equity 15.2%
Return on assets 3.0%
FY18
Return on capital 3.0%
Return on equity 18.6%
Return on assets 3.6%
FY19
Return on capital 2.4%
Return on equity 14.9%
Return on assets 2.9%
FY20
Return on capital 2.7%
Return on equity 15.5%
Return on assets 2.8%
FY21
Return on capital 2.4%
Return on equity 20.1%
Return on assets 3.3%
FY22
Return on capital —
Return on equity 13.2%
Return on assets 2.2%
FY23
Return on capital 2.4%
Return on equity 13.2%
Return on assets 2.4%
FY24
Return on capital 1.9%
Return on equity 9.2%
Return on assets 1.9%
FY25
Return on capital 1.0%
Return on equity 5.3%
Return on assets 1.1%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was — in fiscal 2025, — of revenue. Cash from operations minus capital spending.
FY16
Free cash flow —
FY17
Free cash flow —
FY18
Free cash flow —
FY19
Free cash flow —
FY20
Free cash flow —
FY21
Free cash flow —
FY22
Free cash flow —
FY23
Free cash flow —
FY24
Free cash flow —
FY25
Free cash flow —
FY16
Cash from operations −$199M
Capital spending —
FY17
Cash from operations $460M
Capital spending —
FY18
Cash from operations −$37.7M
Capital spending —
FY19
Cash from operations −$227M
Capital spending —
FY20
Cash from operations $55.2M
Capital spending —
FY21
Cash from operations $217M
Capital spending —
FY22
Cash from operations $1.1B
Capital spending —
FY23
Cash from operations $236M
Capital spending —
FY24
Cash from operations $462M
Capital spending —
FY25
Cash from operations $372M
Capital spending —
Cash from operations
Capital spending
Q3 '23
Cash from operations $57.1M
Capital spending —
Q4 '23
Cash from operations $77.2M
Capital spending —
Q1 '24
Cash from operations $260M
Capital spending —
Q2 '24
Cash from operations $69.9M
Capital spending —
Q3 '24
Cash from operations $85.0M
Capital spending —
Q4 '24
Cash from operations $46.7M
Capital spending —
Q1 '25
Cash from operations $151M
Capital spending —
Q2 '25
Cash from operations $60.0M
Capital spending —
Q3 '25
Cash from operations $179M
Capital spending —
Q4 '25
Cash from operations −$16.9M
Capital spending —
Q1 '26
Cash from operations −$8.3M
Capital spending —
Q2 '26
Cash from operations $158M
Capital spending —
Cash from operations
Capital spending
Dividends, buybacks and share count
Arbor Realty Trust Inc returned $322M to shareholders in fiscal 2025. The diluted share count rose 2.0%.
FY16
Dividends $31.8M
Buybacks —
FY17
Dividends $42.6M
Buybacks —
FY18
Dividends $68.1M
Buybacks $10.1M
FY19
Dividends $139M
Buybacks $11.6M
FY20
Dividends $173M
Buybacks $21.5M
FY21
Dividends $227M
Buybacks $34.4M
FY22
Dividends $322M
Buybacks $0.0M
FY23
Dividends $381M
Buybacks $37.4M
FY24
Dividends $395M
Buybacks $11.4M
FY25
Dividends $320M
Buybacks $2.0M
Dividends
Buybacks
Q3 '23
Dividends $98.0M
Buybacks $0.0M
Q4 '23
Dividends $98.6M
Buybacks −$0.0M
Q1 '24
Dividends $98.7M
Buybacks $0.0M
Q2 '24
Dividends $98.6M
Buybacks $11.4M
Q3 '24
Dividends $98.6M
Buybacks $0.0M
Q4 '24
Dividends $99.0M
Buybacks $0.0M
Q1 '25
Dividends $99.4M
Buybacks $0.0M
Q2 '25
Dividends $73.1M
Buybacks $0.0M
Q3 '25
Dividends $73.4M
Buybacks $0.0M
Q4 '25
Dividends $74.1M
Buybacks $2.0M
Q1 '26
Dividends $73.3M
Buybacks $30.7M
Q2 '26
Dividends $45.5M
Buybacks $20.9M
Dividends
Buybacks
FY16
Diluted shares 0.05B
FY17
Diluted shares 0.08B
FY18
Diluted shares 0.09B
FY19
Diluted shares 0.12B
FY20
Diluted shares 0.13B
FY21
Diluted shares 0.16B
FY22
Diluted shares 0.20B
FY23
Diluted shares 0.22B
FY24
Diluted shares 0.21B
FY25
Diluted shares 0.21B
Balance sheet
Cash, debt and the ratios that show how comfortably Arbor Realty Trust Inc can carry it.
FY16
Cash $139M
Debt $2.1B
FY17
Cash $104M
Debt $2.6B
FY18
Cash $160M
Debt $3.4B
FY19
Cash $300M
Debt $4.7B
FY20
Cash $340M
Debt $5.9B
FY21
Cash $405M
Debt $12.1B
FY22
Cash $534M
Debt —
FY23
Cash $929M
Debt $12.0B
FY24
Cash $504M
Debt $10.0B
FY25
Cash $483M
Debt $11.1B
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $405M | $534M | $929M | $504M | $483M |
| Debt incl. finance leases | $12.1B | — | $12.0B | $10.0B | $11.1B |
| Net debt / EBITDA | 27.2x | — | 25.3x | 30.8x | 53.0x |
| Debt / equity | 5.0x | — | 3.8x | 3.3x | 3.7x |
| Interest coverage | 2.0x | 0.7x | 0.5x | — | — |
| Total assets | $15.1B | $17.0B | $15.7B | $13.5B | $14.5B |
| Total liabilities | $12.5B | $14.0B | $12.5B | $10.3B | $11.4B |
| Shareholders' equity | $2.4B | $2.9B | $3.1B | $3.0B | $3.0B |
| Net debt (− = net cash) | $11.7B | — | $11.1B | $9.5B | $10.6B |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✕ | ✓ | ✕ | ✕ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | — | ✓ | ✓ | ✕ | ✓ | ✕ | ✕ | ✓ | ✕ | ✕ |
| Cash from operations exceeds net income | ✕ | ✓ | ✕ | ✕ | ✕ | ✕ | ✓ | ✕ | ✓ | ✓ |
| Debt fell relative to assets | — | ✕ | ✕ | ✕ | ✕ | ✕ | — | — | ✓ | ✕ |
| Current ratio rose | — | — | — | — | — | — | — | — | — | — |
| Share count didn't rise | — | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✓ | ✕ |
| Gross margin rose | — | — | — | — | — | — | — | — | — | — |
| Revenue rose relative to assets | — | ✓ | ✓ | ✕ | ✓ | ✕ | ✕ | ✓ | ✓ | ✕ |
| F-score | — / 3 | 5 / 7 | 3 / 7 | 1 / 7 | 4 / 7 | 2 / 7 | — / 6 | — / 6 | 6 / 7 | 3 / 7 |
| Accruals ratio | 8.8% | −11.0% | 4.5% | 7.0% | 2.0% | 1.4% | −4.6% | 1.0% | −1.2% | −1.5% |
| Altman Z'' | — | — | — | — | — | — | — | — | — | — |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $150M | $257M | $331M | $349M | $435M | $587M | $619M | $721M | $622M | $510M |
| Net interest income | $55.1M | $66.1M | $98.0M | $130M | $170M | $254M | $391M | $428M | $363M | $238M |
| Noninterest income | $94.5M | $190M | $233M | $220M | $264M | $333M | $228M | $293M | $259M | $272M |
| Provision for credit losses | −$0.1M | — | $14.0M | — | $77.3M | $0.0M | $20.8M | $73.6M | $68.5M | $35.7M |
| Operating income | $43.6M | $111M | $158M | $170M | $237M | $424M | $371M | $428M | $297M | $177M |
| Interest expense | $63.6M | $90.1M | $154M | $186M | $169M | $212M | $558M | $903M | — | — |
| Income tax | $0.8M | $13.4M | $9.7M | $15.0M | $40.4M | $46.3M | $17.5M | $27.3M | $13.5M | $18.8M |
| Net income | $62.5M | $97.5M | $148M | $155M | $196M | $378M | $354M | $401M | $284M | $158M |
| Net income to common | $42.8M | $65.8M | $108M | $121M | $163M | $317M | $285M | $330M | $223M | $107M |
| Diluted EPS | $0.83 | $1.12 | $1.50 | $1.27 | $1.41 | $2.28 | $1.67 | $1.75 | $1.18 | $0.56 |
| Diluted shares | 0.05B | 0.08B | 0.09B | 0.12B | 0.13B | 0.16B | 0.20B | 0.22B | 0.21B | 0.21B |
| Cash flow | ||||||||||
| Cash from operations | −$199M | $460M | −$37.7M | −$227M | $55.2M | $217M | $1.1B | $236M | $462M | $372M |
| Depreciation and amortization | $5.0M | $7.4M | $7.5M | $7.5M | $7.6M | $7.2M | $8.7M | $9.7M | $9.6M | $23.2M |
| Stock-based compensation | $3.5M | $4.8M | $6.1M | $9.5M | $9.0M | $9.9M | $15.0M | $14.9M | $14.2M | $13.8M |
| Acquisitions | $63.4M | — | — | — | — | — | — | — | — | — |
| Share buybacks | — | — | $10.1M | $11.6M | $21.5M | $34.4M | $0.0M | $37.4M | $11.4M | $2.0M |
| Dividends paid | $31.8M | $42.6M | $68.1M | $139M | $173M | $227M | $322M | $381M | $395M | $320M |
| Dividends and buybacks | $31.8M | $42.6M | $78.1M | $150M | $195M | $261M | $322M | $418M | $406M | $322M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $139M | $104M | $160M | $300M | $340M | $405M | $534M | $929M | $504M | $483M |
| Total debt | $2.1B | $2.6B | $3.4B | $4.7B | $5.9B | $12.1B | — | $12.0B | $10.0B | $11.1B |
| Goodwill | $26.7M | $56.6M | $56.6M | $56.6M | $56.6M | $56.6M | $56.6M | $56.6M | $56.6M | $56.6M |
| Intangible assets | $70.7M | $65.1M | $59.5M | $54.1M | $48.8M | $44.1M | $39.4M | $34.8M | $31.5M | $29.9M |
| Total assets | $3.0B | $3.6B | $4.6B | $6.2B | $7.7B | $15.1B | $17.0B | $15.7B | $13.5B | $14.5B |
| Total liabilities | $2.2B | $2.8B | $3.5B | $4.9B | $6.2B | $12.5B | $14.0B | $12.5B | $10.3B | $11.4B |
| Preferred stock | $89.5M | $89.5M | $89.5M | $89.5M | $89.5M | $556M | $634M | $634M | $634M | $634M |
| Shareholders' equity | $587M | $696M | $895M | $1.2B | $1.3B | $2.4B | $2.9B | $3.1B | $3.0B | $3.0B |
| Margins | ||||||||||
| Operating margin | 29.2% | 43.2% | 47.7% | 48.7% | 54.4% | 72.2% | 60.0% | 59.3% | 47.8% | 34.6% |
| EBITDA margin | 32.5% | 46.1% | 49.9% | 50.9% | 56.2% | 73.4% | 61.4% | 60.7% | 49.3% | 39.2% |
| Net margin | 41.8% | 38.0% | 44.7% | 44.4% | 45.1% | 64.3% | 57.2% | 55.6% | 45.6% | 30.9% |
| Net interest share of revenue | 36.8% | 25.8% | 29.6% | 37.1% | 39.2% | 43.3% | 63.1% | 59.4% | 58.4% | 46.7% |
| Returns | ||||||||||
| Return on capital | 1.4% | 2.7% | 3.0% | 2.4% | 2.7% | 2.4% | — | 2.4% | 1.9% | 1.0% |
| Return on equity | 10.6% | 15.2% | 18.6% | 14.9% | 15.5% | 20.1% | 13.2% | 13.2% | 9.2% | 5.3% |
| Return on assets | 2.1% | 3.0% | 3.6% | 2.9% | 2.8% | 3.3% | 2.2% | 2.4% | 1.9% | 1.1% |
| Return on tangible equity | 8.7% | 11.5% | 13.9% | 11.3% | 13.2% | 13.7% | 10.0% | 10.9% | 7.6% | 3.7% |
| Growth | ||||||||||
| Revenue growth | — | 71.5% | 29.0% | 5.5% | 24.4% | 35.1% | 5.4% | 16.5% | −13.7% | −18.0% |
| Net income growth | — | 56.1% | 51.8% | 4.9% | 26.4% | 92.6% | −6.3% | 13.2% | −29.1% | −44.4% |
| EPS growth | — | 34.9% | 33.9% | −15.3% | 11.0% | 61.7% | −26.8% | 4.8% | −32.6% | −52.5% |
| Share count change | — | 55.2% | 16.6% | 24.1% | 15.3% | 16.5% | 27.6% | 9.9% | −6.1% | 2.0% |
| Financial health | ||||||||||
| Net debt / EBITDA | 39.7x | 21.1x | 19.4x | 24.6x | 22.7x | 27.2x | — | 25.3x | 30.8x | 53.0x |
| Debt / equity | 3.5x | 3.7x | 3.8x | 3.9x | 4.4x | 5.0x | — | 3.8x | 3.3x | 3.7x |
| Interest coverage | 0.7x | 1.2x | 1.0x | 0.9x | 1.4x | 2.0x | 0.7x | 0.5x | — | — |
| Capital allocation | ||||||||||
| Stock comp / revenue | 2.3% | 1.9% | 1.8% | 2.7% | 2.1% | 1.7% | 2.4% | 2.1% | 2.3% | 2.7% |
| Quality scores | ||||||||||
| Piotroski F-score | — | 5.0 | 3.0 | 1.0 | 4.0 | 2.0 | — | — | 6.0 | 3.0 |
| Accruals ratio | 8.8% | −11.0% | 4.5% | 7.0% | 2.0% | 1.4% | −4.6% | 1.0% | −1.2% | −1.5% |
Source: SEC EDGAR XBRL filings (CIK 0001253986). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.