Arbor Realty Trust, Inc. (ABR) Earnings
Arbor Realty Trust, Inc. is expected to report next earnings on August 7, 2026 (in NaN days), with a consensus EPS estimate of $0.07. ABR has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +1.9% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 8, 2026 | $0.16 | $0.07 | -56.3% | $117M | +6.9% |
| Oct 31, 2025 | $0.23 | $0.35 | +50.9% | $112M | -27.2% |
| Aug 1, 2025 | $0.23 | $0.25 | +9.4% | $130M | +0.9% |
| May 2, 2025 | $0.27 | $0.28 | +3.4% | $134M | -2.8% |
| Feb 21, 2025 | $0.42 | $0.39 | -7.1% | $166M | +85.6% |
| Nov 1, 2024 | $0.39 | $0.43 | +10.3% | $159M | +90.8% |
| Aug 2, 2024 | $0.44 | $0.45 | +2.3% | $143M | +58.6% |
| May 3, 2024 | $0.44 | $0.47 | +6.8% | $160M | +75.7% |
| Feb 16, 2024 | $0.44 | $0.51 | +15.9% | $189M | +93.9% |
| Oct 27, 2023 | $0.48 | $0.55 | +14.6% | $176M | +75.8% |
| Jul 28, 2023 | $0.47 | $0.57 | +21.3% | $178M | +81.3% |
| May 5, 2023 | $0.44 | $0.62 | +40.9% | $176M | +81.7% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 8, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Short seller attacks and related claims were baseless; pending investigations closed, class action lawsuit dismissed. • Progress in resolving non-performing and sub-performing loans, with $200 million new delinquencies and $300 million resolutions in Q1, expect ~$200 - $300 million more resolutions in Q2-Q3. • Focus on legacy portfolio, working on modifying ~$400 million of loans to receive back interest and improve terms. • Agency business had $708 million volume, seasonal slow start. • Balance sheet lending investment portfolio $12 billion, all-in yield 7.03%. • Single-family rental business impacted by housing bill uncertainty but expected uptick. • Construction lending closed $113 million in Q1 with $250 million expected in Q2.
Guidance
• Expect realized losses range of ~$15 - $25 million per quarter for remainder of year. • Second and third quarters likely low watermark, around 17 cents per share, with fourth quarter expected to grow. • Estimate second quarter around 15 cents per share due to unusual drag. • Expect REO assets between $250 - $300 million by end of 2026, with sales scheduled in Q2-Q4. • Agency business margins expected to fluctuate based on deal size and mix. • Dividend reset to $0.17 a share, expected to be covered from earnings with potential growth later.
Segment performance
In the agency platform, originated $708 million in volume with $671 million in loan sales, margins at 1.86% this quarter. Balance sheet lending business originated $400 million, bridge lending issued a CLO with attractive pricing. Single-family rental business had slow start but expected uptick. Construction lending closed $113 million in Q1 with more expected. Delinquencies ended Q1 at approx $500 million, REO assets around $500 million, total non-performing assets ~$1 billion, down $100 million from last quarter. Legacy portfolio ~$5 billion, $500 million delinquent, $1.5 billion performing, $3 billion modified. Dividend reset to $0.17 a share.
Risks & headwinds
• Geopolitical landscape leading to increase in 5 and 10-year rates, potentially pushing back timetable for resolving non-performing assets. • Uncertainty around housing legislation impacting single-family rental originations. • Competitive landscape in balance sheet lending business affecting returns. • Volatility in interest rates impacting the resolution timeline of non-performing assets and earnings.
Analyst Q&A
Q: Comment on outlook for SFR originations picking up, types of borrowers, hold periods, financing terms.
A: Housing legislation consensus has changed, expecting uptick, dealing with institutional and some high net worth borrowers, typical 5-30 assets, hold periods, credit markets aggressive.
Q: How has 5- and 10-year move affected credit outlook?
A: Rate environment has slowed resolutions, adjusted dividend to reflect more difficult environment, expecting reserves in Q2-Q4.
Q: Bridge portfolio originations, loan size shift?
A: Moving to larger loan size, more selective with larger sponsors, market competitive.
Q: Gain on sale margin increase?
A: Due to product mix and deal size, first quarter had more Fannie Mae and smaller deals.
Q: REO CapEx, strategy?
A: $8 - $10 million CapEx in Q1, asset-specific, leaning towards accelerated disposals.
Q: REO resolution, financing for transactions?
A: Asset-specific, with capital commitments and guarantees.
Q: CECL reserve, normalized ratio?
A: CECL reserve $131 million, consider REO and delinquencies, range of reserves expected in next few quarters.
Q: Portfolio interest rate, cash pay rate?
A: 6.49% pay rate, ~25 basis points origination/exit fees, PIC interest on bridge loans has decreased.