Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 264

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 264
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 interest relates to the outstanding OP Units (see Note 16). There were 16,173,761 and 16,293,589 OP Units outstanding at September 30, 2025 and 2024, respectively, which represented 7.6% and 8.0% of our outstanding stock at September 30, 2025 and 2024, respectively.

62

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

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

Nine Months Ended September 30, Increase / (Decrease) 2025 2024Amount Percent Interest income$703,997 $905,002 $(201,005)(22)%Interest expense521,564 624,613 (103,049)(16)%Net interest income182,433 280,389 (97,956)(35)%Other revenue:   Gain on sales, including fee-based services, net49,779 52,752 (2,973)(6)%Mortgage servicing rights34,598 37,928 (3,330)(9)%Servicing revenue, net82,692 92,577 (9,885)(11)%Property operating income14,028 4,521 9,507 nmGain (loss) on derivative instruments, net1,413 (4,711)6,124 nmOther income, net12,059 6,955 5,104 73%Total other revenue194,569 190,022 4,547 2%Other expenses:   Employee compensation and benefits131,386 135,411 (4,025)(3)%Selling and administrative44,868 39,897 4,971 12%Property operating expenses17,572 4,948 12,624 nmDepreciation and amortization14,947 6,937 8,010 115%Provision for loss sharing (net of recoveries)14,258 7,787 6,471 83%Provision for credit losses (net of recoveries)47,773 64,903 (17,130)(26)%Total other expenses270,804 259,883 10,921 4%Income before extinguishment of debt, (loss) gain on real estate, income from equity affiliates and income taxes106,198 210,528 (