Company: ABR-PF
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001253986-25-000014
Chunk: 124

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 124
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 in the following tables ($ in thousands). Specifically identifiable costs are recorded directly to each business segment. For items not specifically identifiable, costs have been allocated between the business segments using the most meaningful allocation methodologies, which was predominately direct labor costs (i.e., time spent working on each business segment). Such costs include, but are not limited to, compensation and employee related costs, selling and administrative expenses and stock-based compensation. Intersegment revenue and expenses have been eliminated in the computation of total revenue and operating income.Our chief operating decision maker (“CODM”) is Ivan Kaufman, our chief executive officer. The CODM uses both net interest income and net income for each segment predominantly in the annual budget and forecasting process. The CODM considers both budget and actual results on a quarterly basis for both profit measures when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses segment net interest income and net income to assess the performance of each segment by comparing the results of each segment with one another and in determining the compensation of certain employees.Three Months Ended June 30, 2025StructuredBusinessAgencyBusinessOther (1)ConsolidatedInterest income$229,980 $10,323 $— $240,303 Interest expense165,858 5,720 — 171,578 Net interest income64,122 4,603 — 68,725 Other revenue:Gain on sales, including fee-based services, net— 13,658 — 13,658 Mortgage servicing rights— 10,930 — 10,930 Servicing revenue— 45,204 — 45,204 Amortization of MSRs— (17,767)— (17,767)Property operating income5,452 — — 5,452 Gain on derivative instruments, net— 219 — 219 Other income, net2,105 1,884 — 3,989 Total other revenue7,557 54,128 — 61,685 Other expenses:Employee compensation and benefits16,018 20,905 — 36,923 Commissions— 4,258 — 4,258 Selling and administrative7,590 7,269 — 14,859 Property operating expenses6,802 — — 6,802 Depreciation and amortization5,456 392 — 5,848