Company: ABR-PF
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001628280-25-007183
Chunk: 81

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 81
---
 real estate loans, which are generally transferred or sold within 60 days from the date the loan is funded. Primarily all loans in our servicing portfolio are collateralized by multifamily 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 12.

Comparison of Results of Operations for Years Ended December 31, 2024 and 2023

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

Year Ended December 31,Increase / (Decrease) 20242023AmountPercentInterest income$1,167,872 $1,331,219 $(163,347)(12)%Interest expense804,615 903,228 (98,613)(11)%Net interest income363,257 427,991 (64,734)(15)%Other revenue:    Gain on sales, including fee-based services, net74,932 72,522 2,410 3%Mortgage servicing rights51,272 69,912 (18,640)(27)%Servicing revenue, net125,896 130,449 (4,553)(3)%Property operating income7,226 5,708 1,518 27%(Loss) gain on derivative instruments, net(8,543)6,763 (15,306)nmOther income, net8,083 7,667 416 5%Total other revenue258,866 293,021 (34,155)(12)%Other expenses:    Employee compensation and benefits181,694 159,788 21,906 14%Selling and administrative54,931 51,260 3,671 7%Property operating expenses7,394 5,897 1,497 25%Depreciation and amortization9,555 9,743 (188)(2)%Provision for loss sharing (net of recoveries)11,782 15,695 (3,913)(25)%Provision for credit losses (net of recoveries)68,543 73,446 (4,903)(7)%Total other expenses333,899 315,829 18,070 6%Income before extinguishment of debt, gain on real estate, income from equity affiliates and income taxes288,224 405,183 (116,959)(29)%Loss on extinguishment of debt(412)(1,561