Arbor Realty Trust: Q3 Earnings Snapshot
By AP News
Published - Nov 01, 2024, 08:30 AM ET
Last Updated - Dec 16, 2024, 05:45 PM EST
UNIONDALE, N.Y. (AP) — UNIONDALE, N.Y. (AP) — Arbor Realty Trust (ABR) on Friday reported third-quarter earnings of $68.5 million.
On a per-share basis, the Uniondale, New York-based company said it had profit of 31 cents. Earnings, adjusted for amortization costs and non-recurring costs, came to 43 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The real estate investment trust posted revenue of $286.5 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $277.3 million.
