Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 157

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 157
---
, all of which have

impacted, and may continue to impact, our future results of operations, financial condition, business prospects and ability to make

distributions to our stockholders. Additionally, this high-interest rate environment has limited our ability to resolve delinquent loans, leading to additional foreclosures and REO assets on our balance sheet, all of which could have a further material adverse effect on our future results of operations, financial condition, liquidity and ability to make distributions to our stockholders.

For additional details, see “Current Market Conditions, Risks and Recent Trends” above and “Quantitative and Qualitative Disclosures about Market Risk” below.

67

Contractual Obligations. During the nine months ended September 30, 2025, the following significant changes were made to our contractual obligations disclosed in our 2024 Annual Report: 

•Entered into a new repurchase facility totaling $1.15 billion;

•Unwound CLO 14 and CLO 19, repaying $1.08 billion of outstanding notes;

•Closed two collateralized securitization vehicles (BTR CLO 1 & CLO 20) totaling $1.85 billion of notes issued, of which notes totaling $277.1 million were retained by us;

•Paid down outstanding notes on existing securitizations totaling $852.1 million; 

•Modified existing debt facilities resulting in a decrease in the committed amount by $300.0 million;

•Issued $500.0 million aggregate principal amount of 7.875% senior unsecured notes due 2030; and

•Fully settled our 7.50% convertible senior notes totaling $287.5 million at maturity.

Refer to Note 14 for a description of our debt maturities by year and unfunded commitments at September 30, 2025.

Derivative Financial Instruments

We enter into derivative financial instruments in the normal course of business to manage the potential loss exposure caused by fluctuations of interest rates. See Note 12 for details.

Critical Accounting Policies

Refer to Note 2 of the Notes to Consolidated Financial Statements in our 2024 Annual Report for a discussion of our critical accounting policies. During the nine months ended September 30, 2025, there were no material changes to these policies.

Non-GAAP Financial Measures

Distributable Earnings. We are presenting distributable earnings because we believe it is an important supplemental measure of our operating performance and is useful to investors, analysts and other parties