Arbor Realty Trust Full Year 2023 Earnings: Beats Expectations
Arbor Realty Trust (NYSE:ABR) Full Year 2023 Results
Key Financial Results
Revenue: US$647.6m (down 1.0% from FY 2022).
Net income: US$330.1m (up 16% from FY 2022).
Profit margin: 51% (up from 44% in FY 2022).
EPS: US$1.79 (up from US$1.72 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Arbor Realty Trust Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 7.9%.
Looking ahead, revenue is expected to decline by 25% p.a. on average during the next 2 years, while revenues in the Mortgage REITs industry in the US are expected to grow by 37%.
Performance of the American Mortgage REITs industry.
The company's shares are up 13% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for Arbor Realty Trust (1 can't be ignored!) that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
