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 Statements of Changes in Equity
ARBOR REALTY TRUST, INC.
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
($ in thousands, except shares)
| Preferred Stock Shares | PreferredStockValue | CommonStock Shares | CommonStockPar Value | Additional Paid‑in Capital | RetainedEarnings | Total Arbor Realty Trust, Inc. Stockholders’ Equity | Noncontrolling Interest | TotalEquity | |
|---|---|---|---|---|---|---|---|---|---|
| Balance — December 31, 2021 | 39,325,095 | $556,163 | 151,362,181 | $1,514 | $1,797,913 | $62,532 | $2,418,122 | $131,862 | $2,549,984 |
| Cumulative - effect adjustment (1) | — | — | — | — | (8,684) | 5,612 | (3,072) | 625 | (2,447) |
| Balance - January 1, 2022 (adjusted for adoption of ASU 2020-06) | 39,325,095 | 556,163 | 151,362,181 | 1,514 | 1,789,229 | 68,144 | 2,415,050 | 132,487 | 2,547,537 |
| Issuance - common stock | — | — | 26,335,788 | 263 | 408,472 | — | 408,735 | — | 408,735 |
| Issuance - Series F preferred stock | 3,292,000 | 77,522 | — | — | — | — | 77,522 | — | 77,522 |
| Stock-based compensation, net | — | — | 532,553 | 5 | 6,780 | — | 6,785 | — | 6,785 |
| Distributions - common stock | — | — | — | — | — | (255,913) | (255,913) | — | (255,913) |
| Distributions - preferred stock | — | — | — | — | — | (40,965) | (40,965) | — | (40,965) |
| Distributions - noncontrolling interest | — | — | — | — | — | — | — | (25,103) | (25,103) |
| Redemption - OP Units | (31,506) | (1) | — | — | — | — | (1) | (545) | (546) |
| Net income | — | — | — | — | — | 325,783 | 325,783 | 28,044 | 353,827 |
| Balance — December 31, 2022 | 42,585,589 | 633,684 | 178,230,522 | 1,782 | 2,204,481 | 97,049 | 2,936,996 | 134,883 | 3,071,879 |
| Issuance - common stock | — | — | 13,113,296 | 131 | 193,530 | — | 193,661 | — | 193,661 |
| Repurchase - common stock | — | — | (3,545,604) | (35) | (37,396) | — | (37,431) | — | (37,431) |
| Stock-based compensation, net | — | — | 707,050 | 7 | 6,573 | — | 6,580 | — | 6,580 |
| Distributions - common stock | — | — | — | — | — | (311,884) | (311,884) | — | (311,884) |
| Distributions - preferred stock | — | — | — | — | — | (41,383) | (41,383) | — | (41,383) |
| Distributions - noncontrolling interest | — | — | — | — | — | — | — | (27,373) | (27,373) |
| Net income | — | — | — | — | — | 371,434 | 371,434 | 29,122 | 400,556 |
| Balance — December 31, 2023 | 42,585,589 | 633,684 | 188,505,264 | 1,885 | 2,367,188 | 115,216 | 3,117,973 | 136,632 | 3,254,605 |
| Issuance - common stock | — | — | 661,708 | 7 | 10,023 | — | 10,030 | — | 10,030 |
| Repurchase - common stock | — | — | (935,739) | (9) | (11,399) | — | (11,408) | — | (11,408) |
| Stock-based compensation, net | — | — | 1,028,202 | 10 | 9,657 | — | 9,667 | — | 9,667 |
| Distributions - common stock | — | — | — | — | — | (325,435) | (325,435) | — | (325,435) |
| Distributions - preferred stock | — | — | — | — | — | (41,383) | (41,383) | — | (41,383) |
| Distributions - noncontrolling interest | — | — | — | — | — | — | — | (28,025) | (28,025) |
| Net income | — | — | — | — | — | 264,641 | 264,641 | 19,278 | 283,919 |
| Balance — December 31, 2024 | 42,585,589 | $633,684 | 189,259,435 | $1,893 | $2,375,469 | $13,039 | $3,024,085 | $127,885 | $3,151,970 |
(1)In August 2020, the FASB issued Accounting Standards Update (“ASU”) 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging— Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. The adoption of this guidance resulted in a $2.5 million increase to the carrying value of our convertible debt, an $8.7 million decrease to additional paid-in capital and a $5.6 million increase to retained earnings at January 1, 2022.
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