Arbor Realty Trust Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Arbor Realty Trust Inc. has filed its annual 10-K report for the fiscal year ending December 31, 2023, providing a comprehensive overview of its financial performance and position.</b>

AI Summary

ARBOR REALTY TRUST INC (ABR-PF) filed a Annual Report (10-K) with the SEC on February 20, 2024. Arbor Realty Trust Inc. filed its 2023 Form 10-K on February 20, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal business address is 333 Earle Ovington Boulevard, Suite 900, Uniondale, NY 11553. The filing includes financial data for the fiscal years 2023, 2022, and 2021. Key financial metrics such as common stock, preferred stock, additional paid-in capital, and retained earnings are detailed for these periods.

Why It Matters

For investors and stakeholders tracking ARBOR REALTY TRUST INC, this filing contains several important signals. This 10-K filing provides investors with the most up-to-date and detailed financial information for Arbor Realty Trust Inc., crucial for assessing the company's performance and making informed investment decisions. The comprehensive nature of the 10-K allows for a thorough understanding of the company's financial health, including its assets, liabilities, equity, and operational results over the past fiscal year.

Risk Assessment

Risk Level: medium — ARBOR REALTY TRUST INC shows moderate risk based on this filing. The filing is a standard annual report (10-K), which typically contains a mix of positive and negative financial information, making the overall sentiment neutral. Specific financial performance details would be needed for a more precise sentiment analysis.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand Arbor Realty Trust Inc.'s financial performance and identify potential investment risks and opportunities.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-02-20 — Filing Date (Filed as of date)
• 138 — Public Document Count (Total number of documents in the filing)
• 6798 — Standard Industrial Classification (Industry code for Real Estate Investment Trusts)

Key Players & Entities

• ARBOR REALTY TRUST INC (company) — Filer name
• 20231231 (date) — Conformed period of report
• 20240220 (date) — Filed as of date
• 333 EARLE OVINGTON BOULEVARD (address) — Business street address
• UNIONDALE (location) — Business city
• NY (location) — Business state
• 11553 (postal_code) — Business zip code
• 516-506-4200 (phone_number) — Business phone

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-02-20: Filing Date — Date Arbor Realty Trust Inc. filed its 10-K.

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share ABR New York Stock Exchange
• $13.53 b — in 2023 was 9.18% on average assets of $13.53 billion, which was computed by dividing t
• $12.31 b — 2023 was 7.15% on average borrowings of $12.31 billion, which was computed by dividing t
• $79.3 million — vestments in equity affiliates totaling $79.3 million and described in more detail in Note 8.
• $5.11 b — was comprised of originations totaling $5.11 billion, sales totaling $4.89 billion and
• $4.89 billion — totaling $5.11 billion, sales totaling $4.89 billion and commitment volume totaling $5.21 bi
• $5.21 billion — billion and commitment volume totaling $5.21 billion. Our gains and fees as a percentage of

Filing Documents

• abr-20231231.htm (10-K) — 4341KB
• abr-12312023ex211.htm (EX-21.1) — 10KB
• abr-12312023ex231.htm (EX-23.1) — 2KB
• abr-12312023ex232.htm (EX-23.2) — 2KB
• abr-12312023ex311.htm (EX-31.1) — 10KB
• abr-12312023ex312.htm (EX-31.2) — 10KB
• abr-12312023ex32.htm (EX-32) — 9KB
• abr-12312023ex97.htm (EX-97) — 33KB
• abr-20231231_g1.jpg (GRAPHIC) — 111KB
• 0001628280-24-005456.txt (&nbsp;) — 24492KB
• abr-20231231.xsd (EX-101.SCH) — 165KB
• abr-20231231_cal.xml (EX-101.CAL) — 135KB
• abr-20231231_def.xml (EX-101.DEF) — 999KB
• abr-20231231_lab.xml (EX-101.LAB) — 1622KB
• abr-20231231_pre.xml (EX-101.PRE) — 1239KB
• abr-20231231_htm.xml (XML) — 4887KB

Business

Business 2 Item 1A.

Risk Factors

Risk Factors 11 Item 1B. Unresolved Staff Comments 30

C

Item 1 C . Cybersecurity 30 Item 2.

Properties

Properties 30 Item 3.

Legal Proceedings

Legal Proceedings 30 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 31 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 33 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 44 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 47 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 113 Item 9A.

Controls and Procedures

Controls and Procedures 113 Item 9B. Other Information 114 PART III Item 10. Directors, Executive Officers and Corporate Governance 115 Item 11.

Executive Compensation

Executive Compensation 115 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 115 Item 13. Certain Relationships and Related Transactions, and Director Independence 115 Item 14. Principal Accounting Fees and Services 115 PART IV Item 15. Exhibits and Financial Statement Schedules 116

Signatures

Signatures 119 i Table of Contents

Forward-Looking Statements

Forward-Looking Statements This report contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, among other things, the operating performance of our investments and financing needs. We use words such as "anticipate," "expect," "believe," "intend," "should," "could," "will," "may" and similar expressions to identify forward-looking statements, although not all forward-looking statements include these words. Forward-looking statements are based on certain assumptions, discuss future expectations, describe future plans and strategies, contain projections of results of operations or of financial condition or state other forward-looking information. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. These forward-looking statements involve risks, uncertainties and other factors that may cause our actual results in future periods to differ materially from forecasted results. Factors that could have a material adverse effect on our operations and future prospects include, but are not limited to, changes in economic, macroeconomic and geopolitical conditions generally, and the real estate market specifically, in particular, the lagging effects of the novel coronavirus ("COVID-19") pandemic on our business, results of operations and financial condition; adverse changes in our status with government-sponsored enterprises affecting our ability to originate loans through such programs; changes in interest rates; the quality and size of the investment pipeline and the rate at which we can invest our cash; impairments in the value of the collateral underlying our loans and investments; inflation; changes in federal and state laws and regulations, including changes in tax laws; the availability and cost of capital for future investments; and competition. Readers are cautioned not to place undue reliance on any of these

Business

Item 1. Business In this Annual Report on Form 10-K we refer to Arbor Realty Trust, Inc. and subsidiaries as "Arbor," "we," "us," "our," or the "Company" unless we specifically state otherwise, or the context indicates otherwise. Overview Arbor is a Maryland corporation formed in 2003. We operate through two business segments: our Structured Loan Origination and Investment Business, or "Structured Business," and our Agency Loan Origination and Servicing Business, or "Agency Business." Through our Structured Business, we invest in a diversified portfolio of structured finance assets in the multifamily, single-family rental ("SFR") and commercial real estate markets, primarily consisting of bridge loans, in addition to mezzanine loans, junior participating interests in first mortgages and preferred and direct equity. We also invest in real estate-related joint ventures and may directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. Through our Agency Business, we originate, sell and service a range of multifamily finance products through the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac," and together with Fannie Mae, the government-sponsored enterprises, or "GSEs"), the Government National Mortgage Association ("Ginnie Mae"), Federal Housing Authority ("FHA") and the U.S. Department of Housing and Urban Development (together with Ginnie Mae and FHA, "HUD"). We retain the servicing rights and asset management responsibilities on substantially all loans we originate and sell under the GSE and HUD programs. We are an approved Fannie Mae Delegated Underwriting and Servicing ("DUS") lender nationally, a Freddie Mac Multifamily Conventional Loan lender, seller/servicer, in New York, New Jersey and Connecticut, a Freddie Mac affordable, manufactured housing, senior housing and small balance loan ("SBL") lender, seller/servicer, nationally and a HU

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View this 10-K filing on SEC EDGAR