Company: ABR-PF
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001253986-25-000014
Chunk: 255

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 255
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%Total interest-earning assets$11,717,954 $229,980 7.87 %$12,946,386 $282,077 8.74 %Structured Business interest-bearing liabilities:Credit and repurchase facilities$4,499,752 $83,459 7.44 %$2,683,532 $56,518 8.45 %CLO3,296,933 53,793 6.54 %6,242,504 115,545 7.42 %Unsecured debt1,532,500 24,954 6.53 %1,542,500 23,941 6.23 %Q Series securitization37,950 693 7.32 %183,448 3,711 8.11 %Trust preferred154,336 2,959 7.69 %154,336 3,347 8.70 %Total interest-bearing liabilities$9,521,471 165,858 6.99 %$10,806,320 203,062 7.54 %Net interest income$64,122 $79,015 

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(1)Based on UPB for loans, amortized cost for securities and principal amount of debt.

(2)Weighted average yield calculated based on annualized interest income or expense divided by average carrying value.

Net Interest Income

The decrease in interest income was mainly due to a $52.1 million decrease from our Structured Business. The decline was primarily due to a decrease in the average yield on core interest-earning assets and a decrease in the average balance of our core interest-earning assets, as loan runoff exceeded loan originations in 2024. The decrease in the average yield was mainly from a decrease in SOFR and a reduction in back interest earned on delinquent and modified loans, as well as an increase in new delinquencies. To a lesser extent, the decline also reflects a decrease in interest earned on our cash balances, as a result of lower average balances and a decrease in SOFR.

The decrease in interest expense was mainly due to a $37.2 million decrease from our Structured Business, primarily due to a decline in the average balance of our interest-bearing liabilities, from loan runoff and note paydowns in our securitizations and senior unsecured notes, and a decrease in the average cost of