Company: ABR-PF
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001253986-25-000014
Chunk: 24

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 24
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 (benefit), CECL provisions for credit losses (adjusted for realized losses as described below), and gains/losses on the receipt of real estate from the settlement of loans (prior to the sale of the real estate). We also add back one-time charges such as acquisition costs and one-time gains/losses on the early extinguishment of debt and redemption of preferred stock.

We reduce distributable earnings for realized losses in the period we determine that a loan is deemed nonrecoverable in whole or in part. Loans are deemed nonrecoverable upon the earlier of: (1) when the loan receivable is settled (i.e., when the loan is repaid, or in the case of foreclosure, when the underlying asset is sold); or (2) when we determine that it is nearly certain that all amounts due will not be collected. The realized loss amount is equal to the difference between the cash received, or expected to be received, and the book value of the asset.

Distributable earnings is not intended to be an indication of our cash flows from operating activities (determined in accordance with GAAP) or a measure of our liquidity, nor is it entirely indicative of funding our cash needs, including our ability to make cash 

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distributions. Our calculation of distributable earnings may be different from the calculations used by other companies and, therefore, comparability may be limited.

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

Three Months Ended June 30,Six Months Ended June 30,2025202420252024Net income attributable to common stockholders$23,952 $47,397 $54,389 $105,270 Adjustments:  Net income attributable to noncontrolling interest2,015 4,094 4,617 9,090 Income from mortgage servicing rights(10,930)(14,534)(19,061)(24,733)Deferred tax benefit(1,603)(2,944)(1,741)(6,896)Amortization and write-offs of MSRs19,825 19,518 40,689 37,936 Depreciation and amortization6,582 3,044 11,149 6,239 Loss on extinguishment of debt— 412 2,319 412 Provision for credit losses, net8,435 31,457 9,192 46,260 (Gain) loss on derivative instruments, net