Intrinsic value of Arbor Realty Trust - ABR

Previous Close

$8.51

  Intrinsic Value

$42.43

stock screener

  Rating & Target

str. buy

+399%

Previous close

$8.51

 
Intrinsic value

$42.43

 
Up/down potential

+399%

 
Rating

str. buy

Our model is not good at valuating stocks of financial companies, such as ABR.

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of ABR stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

Please visit our new site that uses elements of artificial intelligence for stock valuation: artificial intelligence value of Arbor Realty Trust (ABR) stock.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  48.95
  38.50
  35.15
  32.14
  29.42
  26.98
  24.78
  22.80
  21.02
  19.42
  17.98
  16.68
  15.51
  14.46
  13.52
  12.66
  11.90
  11.21
  10.59
  10.03
  9.53
  9.07
  8.67
  8.30
  7.97
  7.67
  7.40
  7.16
  6.95
  6.75
  6.58
Revenue, $m
  213
  295
  399
  527
  682
  866
  1,080
  1,327
  1,606
  1,917
  2,262
  2,639
  3,049
  3,490
  3,961
  4,463
  4,994
  5,554
  6,142
  6,758
  7,401
  8,073
  8,773
  9,501
  10,258
  11,045
  11,862
  12,712
  13,596
  14,514
  15,468
Variable operating expenses, $m
 
  215
  289
  382
  493
  625
  780
  957
  1,158
  1,382
  1,630
  1,899
  2,193
  2,510
  2,850
  3,210
  3,592
  3,995
  4,418
  4,861
  5,324
  5,807
  6,310
  6,834
  7,379
  7,945
  8,533
  9,144
  9,780
  10,440
  11,127
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  175
  215
  289
  382
  493
  625
  780
  957
  1,158
  1,382
  1,630
  1,899
  2,193
  2,510
  2,850
  3,210
  3,592
  3,995
  4,418
  4,861
  5,324
  5,807
  6,310
  6,834
  7,379
  7,945
  8,533
  9,144
  9,780
  10,440
  11,127
Operating income, $m
  39
  80
  109
  145
  189
  240
  301
  370
  448
  535
  632
  741
  856
  980
  1,112
  1,253
  1,402
  1,559
  1,724
  1,897
  2,077
  2,266
  2,462
  2,667
  2,879
  3,100
  3,330
  3,568
  3,816
  4,074
  4,342
EBITDA, $m
  44
  89
  120
  158
  205
  260
  325
  399
  483
  576
  680
  793
  917
  1,049
  1,191
  1,342
  1,501
  1,670
  1,846
  2,032
  2,225
  2,427
  2,637
  2,856
  3,084
  3,320
  3,566
  3,822
  4,087
  4,363
  4,650
Interest expense (income), $m
  53
  73
  106
  147
  197
  258
  330
  415
  511
  621
  743
  879
  1,027
  1,188
  1,361
  1,547
  1,744
  1,952
  2,172
  2,403
  2,645
  2,898
  3,162
  3,437
  3,723
  4,021
  4,330
  4,651
  4,985
  5,332
  5,693
Earnings before tax, $m
  63
  7
  3
  -2
  -8
  -18
  -30
  -45
  -63
  -85
  -111
  -138
  -171
  -209
  -249
  -294
  -342
  -394
  -448
  -507
  -568
  -632
  -700
  -770
  -844
  -921
  -1,000
  -1,083
  -1,169
  -1,259
  -1,351
Tax expense, $m
  1
  2
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  50
  5
  2
  -2
  -8
  -18
  -30
  -45
  -63
  -85
  -111
  -138
  -171
  -209
  -249
  -294
  -342
  -394
  -448
  -507
  -568
  -632
  -700
  -770
  -844
  -921
  -1,000
  -1,083
  -1,169
  -1,259
  -1,351

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  139
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,971
  3,933
  5,316
  7,024
  9,091
  11,544
  14,404
  17,689
  21,408
  25,565
  30,161
  35,193
  40,652
  46,531
  52,819
  59,508
  66,588
  74,051
  81,891
  90,103
  98,686
  107,639
  116,967
  126,674
  136,769
  147,262
  158,166
  169,498
  181,275
  193,517
  206,246
Adjusted assets (=assets-cash), $m
  2,832
  3,933
  5,316
  7,024
  9,091
  11,544
  14,404
  17,689
  21,408
  25,565
  30,161
  35,193
  40,652
  46,531
  52,819
  59,508
  66,588
  74,051
  81,891
  90,103
  98,686
  107,639
  116,967
  126,674
  136,769
  147,262
  158,166
  169,498
  181,275
  193,517
  206,246
Revenue / Adjusted assets
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
  0.075
Average production assets, $m
  76
  105
  142
  188
  243
  309
  386
  474
  573
  685
  808
  942
  1,088
  1,246
  1,414
  1,593
  1,783
  1,983
  2,193
  2,413
  2,642
  2,882
  3,132
  3,392
  3,662
  3,943
  4,235
  4,538
  4,854
  5,181
  5,522
Working capital, $m
  0
  -193
  -260
  -344
  -445
  -565
  -705
  -866
  -1,048
  -1,252
  -1,477
  -1,724
  -1,991
  -2,279
  -2,587
  -2,914
  -3,261
  -3,627
  -4,011
  -4,413
  -4,833
  -5,272
  -5,728
  -6,204
  -6,698
  -7,212
  -7,746
  -8,301
  -8,878
  -9,477
  -10,101
Total debt, $m
  2,099
  3,027
  4,191
  5,629
  7,370
  9,435
  11,843
  14,609
  17,740
  21,241
  25,111
  29,347
  33,944
  38,894
  44,189
  49,821
  55,782
  62,066
  68,667
  75,582
  82,808
  90,347
  98,201
  106,374
  114,874
  123,709
  132,891
  142,432
  152,348
  162,656
  173,374
Total liabilities, $m
  2,384
  3,312
  4,476
  5,914
  7,655
  9,720
  12,128
  14,894
  18,025
  21,526
  25,396
  29,632
  34,229
  39,179
  44,474
  50,106
  56,067
  62,351
  68,952
  75,867
  83,093
  90,632
  98,486
  106,659
  115,159
  123,994
  133,176
  142,717
  152,633
  162,941
  173,659
Total equity, $m
  587
  621
  840
  1,110
  1,436
  1,824
  2,276
  2,795
  3,382
  4,039
  4,766
  5,560
  6,423
  7,352
  8,345
  9,402
  10,521
  11,700
  12,939
  14,236
  15,592
  17,007
  18,481
  20,014
  21,609
  23,267
  24,990
  26,781
  28,641
  30,576
  32,587
Total liabilities and equity, $m
  2,971
  3,933
  5,316
  7,024
  9,091
  11,544
  14,404
  17,689
  21,407
  25,565
  30,162
  35,192
  40,652
  46,531
  52,819
  59,508
  66,588
  74,051
  81,891
  90,103
  98,685
  107,639
  116,967
  126,673
  136,768
  147,261
  158,166
  169,498
  181,274
  193,517
  206,246
Debt-to-equity ratio
  3.576
  4.870
  4.990
  5.070
  5.130
  5.170
  5.200
  5.230
  5.240
  5.260
  5.270
  5.280
  5.280
  5.290
  5.290
  5.300
  5.300
  5.300
  5.310
  5.310
  5.310
  5.310
  5.310
  5.310
  5.320
  5.320
  5.320
  5.320
  5.320
  5.320
  5.320
Adjusted equity ratio
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158
  0.158

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  50
  5
  2
  -2
  -8
  -18
  -30
  -45
  -63
  -85
  -111
  -138
  -171
  -209
  -249
  -294
  -342
  -394
  -448
  -507
  -568
  -632
  -700
  -770
  -844
  -921
  -1,000
  -1,083
  -1,169
  -1,259
  -1,351
Depreciation, amort., depletion, $m
  5
  9
  11
  13
  16
  20
  24
  29
  35
  41
  48
  53
  61
  70
  79
  89
  100
  111
  122
  135
  148
  161
  175
  189
  205
  220
  237
  254
  271
  289
  309
Funds from operations, $m
  -202
  13
  13
  12
  8
  2
  -5
  -16
  -29
  -45
  -63
  -85
  -111
  -139
  -170
  -205
  -242
  -283
  -326
  -372
  -420
  -471
  -525
  -581
  -639
  -700
  -764
  -830
  -898
  -969
  -1,043
Change in working capital, $m
  -4
  -54
  -68
  -84
  -101
  -120
  -140
  -161
  -182
  -204
  -225
  -246
  -267
  -288
  -308
  -328
  -347
  -365
  -384
  -402
  -420
  -439
  -457
  -475
  -494
  -514
  -534
  -555
  -577
  -600
  -623
Cash from operations, $m
  -198
  67
  81
  95
  109
  122
  135
  145
  153
  159
  162
  161
  157
  149
  138
  123
  104
  83
  58
  30
  0
  -33
  -68
  -106
  -145
  -186
  -230
  -275
  -321
  -370
  -419
Maintenance CAPEX, $m
  0
  -4
  -6
  -8
  -11
  -14
  -17
  -22
  -26
  -32
  -38
  -45
  -53
  -61
  -70
  -79
  -89
  -100
  -111
  -122
  -135
  -148
  -161
  -175
  -189
  -205
  -220
  -237
  -254
  -271
  -289
New CAPEX, $m
  0
  -29
  -37
  -46
  -55
  -66
  -77
  -88
  -100
  -111
  -123
  -135
  -146
  -157
  -168
  -179
  -190
  -200
  -210
  -220
  -230
  -240
  -250
  -260
  -270
  -281
  -292
  -303
  -315
  -328
  -341
Cash from investing activities, $m
  -202
  -33
  -43
  -54
  -66
  -80
  -94
  -110
  -126
  -143
  -161
  -180
  -199
  -218
  -238
  -258
  -279
  -300
  -321
  -342
  -365
  -388
  -411
  -435
  -459
  -486
  -512
  -540
  -569
  -599
  -630
Free cash flow, $m
  -400
  33
  38
  42
  43
  43
  41
  36
  27
  16
  0
  -19
  -42
  -69
  -100
  -135
  -174
  -217
  -263
  -312
  -365
  -420
  -479
  -540
  -605
  -672
  -742
  -815
  -890
  -968
  -1,050
Issuance/(repayment) of debt, $m
  379
  928
  1,164
  1,438
  1,740
  2,065
  2,409
  2,766
  3,131
  3,501
  3,870
  4,236
  4,597
  4,950
  5,295
  5,632
  5,961
  6,284
  6,601
  6,915
  7,227
  7,539
  7,854
  8,173
  8,500
  8,835
  9,182
  9,541
  9,916
  10,308
  10,718
Issuance/(repurchase) of shares, $m
  0
  169
  216
  271
  335
  405
  482
  564
  651
  742
  837
  933
  1,034
  1,137
  1,243
  1,351
  1,461
  1,573
  1,687
  1,804
  1,924
  2,047
  2,174
  2,304
  2,439
  2,579
  2,723
  2,874
  3,030
  3,193
  3,363
Cash from financing (excl. dividends), $m  
  388
  1,097
  1,380
  1,709
  2,075
  2,470
  2,891
  3,330
  3,782
  4,243
  4,707
  5,169
  5,631
  6,087
  6,538
  6,983
  7,422
  7,857
  8,288
  8,719
  9,151
  9,586
  10,028
  10,477
  10,939
  11,414
  11,905
  12,415
  12,946
  13,501
  14,081
Total cash flow (excl. dividends), $m
  -11
  1,130
  1,418
  1,751
  2,118
  2,513
  2,931
  3,365
  3,810
  4,259
  4,708
  5,150
  5,589
  6,018
  6,438
  6,847
  7,248
  7,640
  8,025
  8,407
  8,786
  9,166
  9,549
  9,937
  10,334
  10,742
  11,163
  11,600
  12,056
  12,532
  13,031
Retained Cash Flow (-), $m
  -22
  -173
  -218
  -271
  -335
  -405
  -482
  -564
  -651
  -742
  -837
  -933
  -1,034
  -1,137
  -1,243
  -1,351
  -1,461
  -1,573
  -1,687
  -1,804
  -1,924
  -2,047
  -2,174
  -2,304
  -2,439
  -2,579
  -2,723
  -2,874
  -3,030
  -3,193
  -3,363
Prev. year cash balance distribution, $m
 
  139
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  1,095
  1,200
  1,480
  1,783
  2,108
  2,449
  2,801
  3,159
  3,516
  3,870
  4,217
  4,555
  4,881
  5,195
  5,497
  5,787
  6,067
  6,338
  6,603
  6,862
  7,119
  7,375
  7,633
  7,895
  8,163
  8,440
  8,727
  9,026
  9,339
  9,668
Discount rate, %
 
  12.40
  13.02
  13.67
  14.35
  15.07
  15.83
  16.62
  17.45
  18.32
  19.24
  20.20
  21.21
  22.27
  23.38
  24.55
  25.78
  27.07
  28.42
  29.84
  31.33
  32.90
  34.55
  36.27
  38.09
  39.99
  41.99
  44.09
  46.29
  48.61
  51.04
PV of cash for distribution, $m
 
  975
  939
  1,008
  1,043
  1,045
  1,014
  955
  872
  774
  666
  557
  453
  358
  274
  204
  147
  103
  70
  46
  29
  18
  11
  6
  3
  2
  1
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  70.6
  51.0
  37.6
  28.2
  21.5
  16.6
  13.0
  10.4
  8.3
  6.8
  5.6
  4.6
  3.9
  3.3
  2.8
  2.4
  2.0
  1.7
  1.5
  1.3
  1.1
  1.0
  0.9
  0.8
  0.7
  0.6
  0.5
  0.5
  0.4
  0.4

Arbor Realty Trust, Inc. is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity. Its segments include Structured Business and Agency Business. In addition, the Company may also directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. It focuses on investment types, such as Bridge Financing, Mezzanine Financing, Junior Participation Financing and Preferred Equity Investments. It offers bridge financing products to borrowers, typically seeking short-term capital to use in an acquisition of property. It offers mezzanine financing in the form of loans that are subordinate to a conventional first mortgage loan and senior to the borrower's equity in a transaction.

FINANCIAL RATIOS  of  Arbor Realty Trust (ABR)

Valuation Ratios
P/E Ratio 8.7
Price to Sales 2.1
Price to Book 0.7
Price to Tangible Book
Price to Cash Flow -2.2
Price to Free Cash Flow -2.2
Growth Rates
Sales Growth Rate 49%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate NaN%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 357.6%
Total Debt to Equity 357.6%
Interest Coverage 2
Management Effectiveness
Return On Assets 4.3%
Ret/ On Assets - 3 Yr. Avg. 5.6%
Return On Total Capital 2.2%
Ret/ On T. Cap. - 3 Yr. Avg. 3.5%
Return On Equity 8.7%
Return On Equity - 3 Yr. Avg. 12.5%
Asset Turnover 0.1
Profitability Ratios
Gross Margin 64.3%
Gross Margin - 3 Yr. Avg. 60.2%
EBITDA Margin 56.8%
EBITDA Margin - 3 Yr. Avg. 76.5%
Operating Margin 17.8%
Oper. Margin - 3 Yr. Avg. 20.5%
Pre-Tax Margin 29.6%
Pre-Tax Margin - 3 Yr. Avg. 44.2%
Net Profit Margin 23.5%
Net Profit Margin - 3 Yr. Avg. 42.2%
Effective Tax Rate 1.6%
Eff/ Tax Rate - 3 Yr. Avg. 0.5%
Payout Ratio 78%

ABR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ABR stock intrinsic value calculation we used $213 million for the last fiscal year's total revenue generated by Arbor Realty Trust. The default revenue input number comes from 2016 income statement of Arbor Realty Trust. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ABR stock valuation model: a) initial revenue growth rate of 38.5% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 12.4%, whose default value for ABR is calculated based on our internal credit rating of Arbor Realty Trust, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Arbor Realty Trust.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ABR stock the variable cost ratio is equal to 73.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for ABR stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Arbor Realty Trust.

Corporate tax rate of 27% is the nominal tax rate for Arbor Realty Trust. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ABR stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ABR are equal to 35.7%.

Life of production assets of 17.9 years is the average useful life of capital assets used in Arbor Realty Trust operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ABR is equal to -65.3%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $587 million for Arbor Realty Trust - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 62.345 million for Arbor Realty Trust is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Arbor Realty Trust at the current share price and the inputted number of shares is $0.5 billion.

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COMPANY NEWS

▶ Arbor Realty Trust reports 4Q results   [Feb-23-18 09:37AM  Associated Press]
▶ Arbor Realty Trust Declares Preferred Stock Dividends   [Feb-02-18 04:15PM  GlobeNewswire]
▶ Is Arbor Realty Trust Inc (NYSE:ABR) Undervalued?   [Jan-25-18 07:03PM  Simply Wall St.]
▶ 3 Stocks in Focus on New Analyst Coverage   [Jan-15-18 08:53AM  Zacks]
▶ 3 Stocks Set to Soar on New Analyst Coverage   [Jan-02-18 08:36AM  Zacks]
▶ 5 Profitable Stocks With Midas Touch   [Nov-16-17 08:04AM  Zacks]
▶ Arbor Realty Trust reports 3Q results   [Nov-03-17 08:23AM  Associated Press]
▶ New Strong Sell Stocks for September 27th   [Sep-27-17 07:24AM  Zacks]
▶ Arbor Realty Trust reports 2Q results   [Aug-04-17 11:24PM  Associated Press]
▶ Arbor Realty Trust Declares Preferred Stock Dividends   [Aug-02-17 04:05PM  GlobeNewswire]
▶ Arbor Realty Trusts Dividend Growth Prospects   [Jul-26-17 12:09PM  Market Realist]
▶ Top Ranked Income Stocks to Buy for July 19th   [Jul-19-17 09:59AM  Zacks]
▶ Arbor Realty Trust reports 1Q results   [May-05-17 08:14AM  Associated Press]
▶ Arbor Realty Trust Declares Preferred Stock Dividends   [May-03-17 04:05PM  GlobeNewswire]
▶ Top Ranked Income Stocks to Buy for May 1st   [May-01-17 07:23AM  Zacks]
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Financial statements of ABR
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