ARBOR REALTY TRUST INC
For the period ended Sep 30, 2026. Filed Oct 30, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 30, 2026
ABR$1.47-8.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities: | ||
| Net (loss) income | $(101,548) | $131,707 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Depreciation and amortization | 18,901 | 14,947 |
| Stock-based compensation | 12,224 | 11,284 |
| Amortization and accretion of interest and fees, net | 10,315 | 9,790 |
| Originations of loans held-for-sale | (2,624,259) | (3,451,737) |
| Proceeds from sales of loans held-for-sale, net of gain on sale | 2,792,562 | 3,564,689 |
| Payoffs and paydowns of loans held-for-sale | 103 | 6,525 |
| Mortgage servicing rights | (32,849) | (34,598) |
| Amortization of capitalized mortgage servicing rights | 54,933 | 53,344 |
| Write-off of capitalized mortgage servicing rights from payoffs | 5,582 | 6,251 |
| Provision for loss sharing, net | 30,634 | 14,258 |
| Provision for credit losses, net | 99,485 | 47,773 |
| Charge-offs and advances, net of reimbursements | (4,068) | (1,587) |
| Deferred tax benefit | (6,970) | (3,532) |
| Income from equity affiliates | (4,810) | (47,224) |
| Distributions from operations of equity affiliates | 10,858 | 52,215 |
| Loss on extinguishment of debt | — | 2,319 |
| Impairment loss on real estate owned | 60,200 | — |
| Change in fair value of held-for-sale loans | 2,341 | (2,824) |
| Gain on derivative instruments, net | (827) | (1,413) |
| Loss on real estate | 498 | 4,813 |
| Changes in operating assets and liabilities | 28,238 | 12,326 |
| Net cash provided by operating activities | 351,543 | 389,326 |
| Investing Activities: | ||
| Loans and investments funded, originated and purchased, net | (2,024,885) | (2,429,471) |
| Payoffs and paydowns of loans and investments | 2,056,918 | 1,702,337 |
| Deferred fees | 14,432 | 22,601 |
| Investment in real estate, net | (37,026) | (26,767) |
| Proceeds from sale of real estate, net | 10,096 | — |
| Contributions to equity affiliates | (29,799) | (9,943) |
| Distributions from equity affiliates | 9,658 | 23,966 |
| Payoffs and paydowns of securities held-to-maturity | — | 222 |
| Change in due to borrowers and reserves | — | (10,592) |
| Net cash used in investing activities | (606) | (727,647) |
| Financing activities: | ||
| Proceeds from credit and repurchase facilities | 8,543,569 | 8,453,609 |
| Payoffs and paydowns of credit and repurchase facilities | (8,487,039) | (7,870,768) |
| Proceeds from issuance of securitized debt | 1,582,558 | 1,486,329 |
| Payoffs and paydowns of securitized debt | (1,413,969) | (1,932,338) |
| Proceeds from issuance of senior unsecured notes | — | 500,000 |
| Payoffs and paydowns of senior unsecured notes | (445,000) | — |
| Proceeds from issuance of convertible senior unsecured notes | 375,000 | — |
| Payoff of convertible senior unsecured notes | — | (287,500) |
| Proceeds from notes payable - REO | 49,479 | 201,784 |
| Payoffs and paydowns of notes payable - REO | (47,631) | (103,227) |
| Proceeds from issuance of common stock | — | 70,518 |
| Repurchase of common stock | (166,776) | — |
| Redemption of operating partnership units | (23) | (1,576) |
| Payments of withholding taxes on net settlement of vested stock | (2,387) | (3,099) |
| Distributions to stockholders and noncontrolling interest | (163,718) | (245,856) |
| Payment of deferred financing costs | (34,656) | (43,390) |
| Net cash (used in) provided by financing activities | (210,593) | 224,486 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 140,344 | (113,835) |
| Cash, cash equivalents and restricted cash at beginning of period | 550,222 | 660,179 |
| Cash, cash equivalents and restricted cash at end of period | $690,566 | $546,344 |
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Continued)
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Reconciliation of cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents at beginning of period | $482,875 | $503,803 |
| Restricted cash at beginning of period | 67,347 | 156,376 |
| Cash, cash equivalents and restricted cash at beginning of period | $550,222 | $660,179 |
| Cash and cash equivalents at end of period | $439,689 | $423,384 |
| Restricted cash at end of period | 250,877 | 122,960 |
| Cash, cash equivalents and restricted cash at end of period | $690,566 | $546,344 |
| Supplemental cash flow information: | ||
| Cash used to pay interest | $511,774 | $500,342 |
| Cash used to pay taxes | 3,161 | 17,736 |
| Supplemental schedule of non-cash investing and financing activities: | ||
| Real estate acquired in settlement of loans and investments, net | 182,841 | 463,754 |
| Settlement of loans and investments, net of real estate | (187,518) | (481,934) |
| Derecognition of real estate owned | 152,802 | 185,945 |
| Loan funded in conjunction with real estate sold | (140,500) | (194,055) |
| Distributions accrued on preferred stock | 10,342 | 7,010 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.