The stock plummeted to $2.19, deepening a year-to-date decline that has now wiped out 72% of the firm’s market value. This sharp reversal stands in stark contrast to the same period last year, when the company posted a $38.5 million profit. Revenue fell 24% to $56.4 million, reflecting the company’s weakened financial position.
In section Market Quotes
Arbor Realty Trust Suspends Dividend as Losses Mount
A 28% collapse in share price hit Arbor Realty Trust on Friday, as the mortgage real estate investment trust pivoted to capital preservation. The company reported an $85.4 million quarterly loss, forcing an immediate suspension of dividends to address a mounting debt load of $10.75 billion.
Management confirmed the dividend freeze is necessary to navigate upcoming debt maturities and clear legacy assets from the balance sheet. With debt financing for the loan portfolio rising from $10.48 billion in June to $10.75 billion by the end of September, the focus has shifted entirely toward liquidity and debt resolution.
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