Photo: Luke van Zyl / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. A dividend is usually the last thing a mortgage REIT wants to touch. Arbor Realty Trust touched it Friday. The multifamily lender’s board suspended its common dividend “effective immediately,” according to the company’s third-quarter earnings release, citing the need to preserve capital and keep financial flexibility. The numbers explain why. Arbor posted an $85.4 million net loss, or 51 cents a share,…
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Arbor Just Killed Its Dividend. Its Problem Loans Jumped 51% in a Single Quarter.
Arbor Realty Trust suspends its common dividend after a quarterly loss, rising non-performing loans and pressure to preserve capital for a March debt payoff.
