Company: ABR-PF
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001253986-25-000014
Chunk: 268

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 268
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 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(674)371 (5,371)5,894 Loss on real estate1,857 — 4,667 — Stock-based compensation2,610 2,750 8,545 8,772 Distributable earnings (1)$52,069 $91,565 $109,394 $188,244 Diluted weighted average shares outstanding - GAAP (1)209,003,002 205,487,711207,938,574 205,499,619Less: Convertible notes dilution (2)— — — — Diluted weighted average shares outstanding - distributable earnings (1)209,003,002 205,487,711207,938,574 205,499,619Diluted distributable earnings per share (1)$0.25 $0.45 $0