Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 260

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 260
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, 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 1,113 44%Total other revenue74,163 67,841 6,322 9%Other expenses:   Employee compensation and benefits44,169 44,881 (712)(2)%Selling and administrative13,698 13,141 557 4%Property operating expenses7,296 1,686 5,610 nmDepreciation and amortization5,355 1,944 3,411 175%Provision for loss sharing (net of recoveries)8,256 3,180 5,076 160%Provision for credit losses (net of recoveries)19,694 16,220 3,474 21%Total other expenses98,468 81,052 17,416 21%Income before loss on real estate, income from equity affiliates and income taxes13,961 75,601 (61,640)(82)%Loss on real estate(555)— (555)nmIncome from equity affiliates46,204 3,177 43,027 nmProvision for income taxes(7,594)(5,233)(2,361)45%Net income52,016 73,545 (21,529)(29)%Preferred stock dividends10,342 10,342 — —Net income