Reported about 19 hours ago
Arbor Realty Trust Inc. has warned shareholders of a decline in earnings and dividends due to rising interest rates and increasing delinquencies among borrowers. The company's stock price dropped nearly 14% after revealing that it expects significant assets classified as real estate-owned on its balance sheet in the coming quarters. Arbor reported a 33% decrease in net income for 2024 and is grappling with elevated delinquency rates, particularly in its collateralized loan obligations.
Source: YAHOO