Arbor Realty Trust: Q4 Earnings Snapshot

UNIONDALE, N.Y. (AP) — UNIONDALE, N.Y. (AP) — Arbor Realty Trust (ABR) on Friday reported fourth-quarter earnings of $102 million.

On a per-share basis, the Uniondale, New York-based company said it had net income of 48 cents. Earnings, adjusted for one-time gains and costs, were 51 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.

The real estate investment trust posted revenue of $331.1 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $320.6 million.

For the year, the company reported profit of $371.4 million, or $1.75 per share. Revenue was reported as $1.33 billion.

Arbor Realty Trust shares have declined 14% since the beginning of the year. The stock has dropped 13% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABR at https://www.zacks.com/ap/ABR