Company: ABR-PF
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001628280-25-007183
Chunk: 92

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 92
---
 to common stockholders$223,272 $330,065 $284,829 Adjustments:Net income attributable to noncontrolling interest19,278 29,122 28,044 Income from mortgage servicing rights(51,272)(69,912)(69,346)Deferred tax benefit(11,613)(7,349)(1,741)Amortization and write-offs of MSRs76,922 77,829 104,378 Depreciation and amortization12,040 16,425 11,069 Loss on extinguishment of debt412 1,561 4,933 Provision for credit losses, net65,537 68,642 25,077 (Gain) loss on derivative instruments, net9,212 (8,844)3,480 Stock-based compensation14,232 14,940 14,973 Distributable earnings (1)$358,020 $452,479 $405,696 Diluted weighted average shares outstanding - GAAP (1)205,526,610218,843,613199,112,630Less: Convertible notes dilution (2)—(17,294,392)(16,888,226)Diluted weighted average shares outstanding - distributable earnings (1)205,526,610201,549,221182,224,404Diluted distributable earnings per share (1)$1.74 $2.25 $2.23 

________________________________________

(1)Amounts are attributable to common stockholders and OP Unit holders. The OP Units are redeemable for cash, or at our option for shares of our common stock on a one-for-one basis.

(2)The diluted weighted average shares outstanding were adjusted to exclude the potential shares issuable upon conversion and settlement of our convertible senior notes principal balance. No adjustment was necessary for the year ended December 31, 2024, as their effect was anti-dilutive and not reflected in the GAAP diluted weighted average shares outstanding.