ARBOR REALTY TRUST INC
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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Consolidated Balance Sheets
($ in thousands, except share and per share data)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets: | ||
| Cash and cash equivalents | $503,803 | $928,974 |
| Restricted cash | 156,376 | 608,233 |
| Loans and investments, net (allowance for credit losses of $238,967 and $195,664) | 11,033,997 | 12,377,806 |
| Loans held-for-sale, net | 435,759 | 551,707 |
| Capitalized mortgage servicing rights, net | 368,678 | 391,254 |
| Securities held-to-maturity, net (allowance for credit losses of $10,846 and $6,256) | 157,154 | 155,279 |
| Investments in equity affiliates | 76,312 | 79,303 |
| Real estate owned, net | 176,543 | 86,991 |
| Due from related party | 12,792 | 64,421 |
| Goodwill and other intangible assets | 88,119 | 91,378 |
| Other assets | 481,448 | 403,290 |
| Total assets | $13,490,981 | $15,738,636 |
| Liabilities and Equity: | ||
| Credit and repurchase facilities | $3,559,490 | $3,237,827 |
| Securitized debt | 4,622,489 | 6,935,010 |
| Senior unsecured notes | 1,236,147 | 1,333,968 |
| Convertible senior unsecured notes | 285,853 | 283,118 |
| Junior subordinated notes to subsidiary trust issuing preferred securities | 144,686 | 143,896 |
| Mortgage notes payable - real estate owned | 74,897 | 44,339 |
| Due to related party | 4,474 | 13,799 |
| Due to borrowers | 47,627 | 121,707 |
| Allowance for loss-sharing obligations | 83,150 | 71,634 |
| Other liabilities | 280,198 | 298,733 |
| Total liabilities | 10,339,011 | 12,484,031 |
| Commitments and contingencies (Note 15) | ||
| Equity: | ||
| Arbor Realty Trust, Inc. stockholders’ equity: | ||
| Preferred stock, cumulative, redeemable, $0.01 par value: 100,000,000 shares authorized, shares issued and outstanding by period: | 633,684 | 633,684 |
| Special voting preferred - 16,293,589 shares | ||
| 6.375% Series D - 9,200,000 shares | ||
| 6.25% Series E - 5,750,000 shares | ||
| 6.25% Series F - 11,342,000 shares | ||
| Common stock, $0.01 par value: 500,000,000 shares authorized - 189,259,435 and 188,505,264 shares issued and outstanding | 1,893 | 1,885 |
| Additional paid-in capital | 2,375,469 | 2,367,188 |
| Retained earnings | 13,039 | 115,216 |
| Total Arbor Realty Trust, Inc. stockholders’ equity | 3,024,085 | 3,117,973 |
| Noncontrolling interest | 127,885 | 136,632 |
| Total equity | 3,151,970 | 3,254,605 |
| Total liabilities and equity | $13,490,981 | $15,738,636 |
Note: Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities, or VIEs, as we are the primary beneficiary of these VIEs. At December 31, 2024 and 2023, assets of our consolidated VIEs totaled $6,124,925 and $8,614,571, respectively, and the liabilities of our consolidated VIEs totaled $4,637,744 and $6,967,877, respectively. See Note 16 for discussion of our VIEs.
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