Arbor Realty Trust (ABR)
Finances multifamily real estate through structured loans and agency origination channels.
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Originates and services multifamily loans through Fannie Mae, Freddie Mac, and FHA/HUD channels while holding structured real estate credit on its balance sheet. The model links bridge lending, agency execution, and servicing income, with performance tied to credit quality, funding costs, and access to government-sponsored lending programs.
Operates a two-part mortgage REIT model focused on multifamily and related rental housing finance. Structured Business holds balance-sheet bridge loans and other real estate credit, including mezzanine, preferred equity, single-family rental, CMBS, and construction-related products.
Agency Business originates, sells, and services loans through Fannie Mae DUS, Freddie Mac Optigo, FHA/HUD, affordable housing, and private-label channels. Activity is concentrated in the United States, with a national lending and servicing platform built around borrower relationships and agency execution.
Execution depends on credit performance, borrower refinancing or property exits, funding costs, and continued access to agency programs. Recent public scrutiny has centered on lending practices and loan-book performance claims, while the business remains shaped by regulated government-sponsored channels.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 3, 2026 | Piper Sandler | Reiterate | Rating: —Target: $5.50 | Target: $5 |
| Jul 17, 2026 | JP Morgan | Upgrade | ||
| Jul 2, 2026 | Piper Sandler | Reiterate | Rating: —Target: $8 | Target: $5.50 |
| Dec 22, 2025 | Piper Sandler | Reiterate | Rating: —Target: $10 | Target: $8 |
| Dec 15, 2025 | Keefe, Bruyette & Woods | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $287.5M · Total debt $11.09B · Total assets $14.35B · Shareholders' equity $2.78B
- Revenue
- $292.6M
- Operating income
- $200.6M
- Net income
- −$27.0M
HistoryDividendAnnual yield
| Institutions | 64.43% | 120.19M shares | |
|---|---|---|---|
| 322 holders · as of Jun 30, 2026 | |||
| Insiders | 10.31% | 19.23M shares | |
| 20 holders · as of Sep 17, 2026 | |||
| Strategic holders | 6.98% | 13.02M shares | |
| 1 holder · as of Feb 13, 2026 | |||
| Other | 18.28% | 34.12M shares | |
| remainder | |||
186.56M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.19% | 26.47M | as of Jun 30, 2026 |
Ivan Kaufman1Insiderdirector, officer: COB, CEO and President | 8.47% | 15.14M | filed Aug 5, 2026 |
Arbor Commercial Mortgage LLCStrategicdirector | 6.98% | 13.02M | filed Feb 13, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.33% | 9.94M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.45% | 8.31M | as of Jun 30, 2026 |
- Ivan Kaufman's transaction reports restate only vehicles that traded; the 2026 ownership statement (15.14M) plus the 656.7K net shares acquired since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 31, 2026 | William C. Green | director | +25,951 | $5.07 |
| Aug 5, 2026 | Ivan Kaufman | director, officer: COB, CEO and President | +750,000 | |
| Aug 5, 2026 | John Natalone | director, officer: EVP | −750,000 | |
| Jun 4, 2026 | George Tsunis | director | −26,700 | $5.57 |
| Jun 4, 2026 | George Tsunis | director | +26,700 | $5.58 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Arbor Realty Trust | $4.37 | +0.69% | $834.8M | 32.1 | 10.3 | 0.7 | −11.1% |
| Starwood Property Trust | $15.13 | +0.83% | $5.56B | 22.0 | 9.0 | 2.7 | +7.9% |
| Walker & Dunlop | $38.52 | +0.35% | $1.32B | 34.3 | 6.9 | 1.0 | +3.5% |
| Blackstone Mortgage Trust | $13.20 | −0.57% | $2.24B | 165.9 | 10.9 | 1.5 | +18.1% |
| KKR Real Estate Finance Trust | $6.67 | −1.41% | $434.7M | — | — | 1.0 | −41.6% |
| Ladder Capital | $9.46 | +0.05% | $1.20B | 22.5 | 8.7 | 3.2 | −40.9% |
| TPG RE Finance Trust | $7.22 | +0.07% | $553.5M | 13.3 | 6.8 | 2.1 | −58.7% |
| Ares Commercial Real Estate | $4.42 | +0.80% | $243.0M | — | 20.2 | 2.5 | — |
| Median | 22.5 | 8.9 | 2.1 | −18.7% |