Company: ABR-PF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021683
Chunk: 9

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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amily properties. In addition, we are generally required to share in the risk of any losses associated with loans sold under the Fannie Mae DUS program, see Note 11.

49

Comparison of Results of Operations for the Three Months Ended March 31, 2025 and 2024

The following table provides our consolidated operating results ($ in thousands):

Three Months Ended March 31, Increase / (Decrease) 2025 2024Amount Percent Interest income$240,693 $321,292 $(80,599)(25)%Interest expense165,251 217,676 (52,425)(24)%Net interest income75,442 103,616 (28,174)(27)%Other revenue:   Gain on sales, including fee-based services, net12,781 16,666 (3,885)(23)%Mortgage servicing rights8,131 10,199 (2,068)(20)%Servicing revenue, net25,603 31,526 (5,923)(19)%Property operating income4,387 1,570 2,817 179%Gain (loss) on derivative instruments, net3,400 (5,257)8,657 nmOther income, net4,419 2,333 2,086 89%Total other revenue58,721 57,037 1,684 3%Other expenses:   Employee compensation and benefits46,036 47,694 (1,658)(3)%Selling and administrative16,312 13,933 2,379 17%Property operating expenses3,474 1,678 1,796 107%Depreciation and amortization3,744 2,571 1,173 46%Provision for loss sharing (net of recoveries)1,786 273 1,513 nmProvision for credit losses (net of recoveries)9,075 19,118 (10,043)(53)%Total other expenses80,427 85,267 (4,840)(6)%Income before extinguishment of debt, loss on real estate, (loss) income from equity affiliates and income taxes53,736 75,386 (21,650)(29)%Loss on extinguishment of debt(2,319)— (2,319)nmLoss on real estate(2,810)— (2,810)nm(Loss