Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 9

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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60 %2.61 %1.57 %________________________

(1)Prepayments reflect loans repaid prior to six months from the loan maturity. The majority of our loan servicing portfolio has a prepayment protection term and therefore, we may collect a prepayment fee which is included as a component of servicing revenue, net. See Note 5 for details.

(2)Delinquent loans reflect loans that are contractually 60 days or more past due. At September 30, 2025 and December 31, 2024, delinquent loans totaled $832.8 million and $524.5 million, respectively. At September 30, 2025, there was one loan totaling $24.4 million in bankruptcy and 19 loans totaling $104.7 million have been foreclosed. At December 31, 2024, there were two loans totaling $4.8 million in bankruptcy and six loans totaling $28.2 million were foreclosed.

Our Agency Business servicing portfolio represents commercial 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 11.

59

Comparison of Results of Operations for the Three Months Ended September 30, 2025 and 2024

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

Three Months Ended September 30, Increase / (Decrease) 2025 2024Amount Percent Interest income$223,001 $286,522 $(63,521)(22)%Interest expense184,735 197,710 (12,975)(7)%Net interest income38,266 88,812 (50,546)(57)%Other revenue:   Gain on sales, including fee-based services, net23,340 18,638 4,702 25%Mortgage servicing rights15,538 13,195 2,343 18%Servicing revenue, net29,652 31,142 (1,490)(5)%Property operating income4,189 1,507 2,682 178%Gain (loss) on derivative instruments, net(2,206)822 (3,028)nmOther income, net3,650 2,537