Shares of Arbor Realty Trust (NYSE:ABR) rose 0.1% in pre-market trading after the company reported Q4 results.
Earnings per share increased 44.12% over the past year to $0.49, which beat the estimate of $0.45.
Revenue of $46,113,000 higher by 36.44% year over year, which beat the estimate of $42,550,000.
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Details Of The Call
Date: Feb 19, 2021
Time: 10:00 AM
ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg30.jsp&referrer=https%3A%2F%2Fir.arbor.com%2Fevents%2Fevent-details%2Fq4-2020-arbor-realty-trust-earnings-conference-call&eventid=3002772&sessionid=1&key=8E6C4C7FCD3A08F6A34D41F3D38A9980®Tag=&V2=false&sourcepage=register
52-week high: $15.93
52-week low: $3.54
Price action over last quarter: Up 20.45%
Arbor Realty Trust Inc is a specialized real estate finance company. It invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity. In addition, it may also directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. The company has two business segments, Structured Business and Agency Business. It generates a majority of its revenue from the Structured Business Segment. The company is externally managed and advised by Arbor Commercial Mortgage, LLC.
See more from Benzinga
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.