Company: ABR-PF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021683
Chunk: 206

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 206
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The following table provides our consolidated operating results ($ in thousands):

Three Months Ended March 31, Increase / (Decrease) 2025 2024Amount Percent Interest income$240,693 $321,292 $(80,599)(25)%Interest expense165,251 217,676 (52,425)(24)%Net interest income75,442 103,616 (28,174)(27)%Other revenue:   Gain on sales, including fee-based services, net12,781 16,666 (3,885)(23)%Mortgage servicing rights8,131 10,199 (2,068)(20)%Servicing revenue, net25,603 31,526 (5,923)(19)%Property operating income4,387 1,570 2,817 179%Gain (loss) on derivative instruments, net3,400 (5,257)8,657 nmOther income, net4,419 2,333 2,086 89%Total other revenue58,721 57,037 1,684 3%Other expenses:   Employee compensation and benefits46,036 47,694 (1,658)(3)%Selling and administrative16,312 13,933 2,379 17%Property operating expenses3,474 1,678 1,796 107%Depreciation and amortization3,744 2,571 1,173 46%Provision for loss sharing (net of recoveries)1,786 273 1,513 nmProvision for credit losses (net of recoveries)9,075 19,118 (10,043)(53)%Total other expenses80,427 85,267 (4,840)(6)%Income before extinguishment of debt, loss on real estate, (loss) income from equity affiliates and income taxes53,736 75,386 (21,650)(29)%Loss on extinguishment of debt(2,319)— (2,319)nmLoss on real estate(2,810)— (2,810)nm(Loss) income from equity affiliates(1,634)1,418 (3,052)nmProvision for income taxes(3,591)(3,592)1 0%Net income43,382 73,212 (29,830)(41)%Preferred stock dividends10,