Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 24

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 2
Chunk 24
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 different from the calculations used by other companies and, therefore, comparability may be limited.

68

Distributable earnings are as follows ($ in thousands, except share and per share data):

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Net income attributable to common stockholders$38,463 $58,175 $92,852 $163,445 Adjustments:Net income attributable to noncontrolling interest3,211 5,028 7,828 14,119 Income from mortgage servicing rights(15,538)(13,195)(34,598)(37,928)Deferred tax benefit(1,791)(2,026)(3,532)(8,922)Amortization and write-offs of MSRs18,906 18,792 59,595 56,728 Depreciation and amortization6,089 2,564 17,240 8,802 Loss on extinguishment of debt— — 2,319 412 Provision for credit losses, net18,381 17,077 27,572 63,337 (Gain) loss on derivative instruments, net2,110 (1,217)(3,261)4,677 Loss on real estate369 — 5,035 — Stock-based compensation2,738 2,977 11,284 11,748 Distributable earnings (1)$72,938 $88,175 $182,334 $276,418 Diluted weighted average shares outstanding (1)(2)210,517,762 205,347,309208,807,751 205,448,479Diluted distributable earnings per share (1)$0.35 $0.43 $0.87 $1.35 

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(1)Amounts are attributable to common stockholders and OP Unit holders. The OP Units are redeemable for cash, or at our option for shares of our common stock on a one-for-one basis.

(2)The diluted weighted average shares outstanding are adjusted to exclude the potential shares issuable upon conversion and settlement of our convertible senior notes principal balance, which were fully settled in the third quarter of 2025. No adjustment was necessary for the three and nine months ended September 30, 2025 and 2024, as their effect was anti-dilutive and not reflected