Shares of Arbor Realty Trust (ABR) plummeted 5.35% in intraday trading on Friday, following the release of the company's fourth-quarter 2024 financial results.
Despite beating analyst estimates for earnings per share (EPS), the real estate investment trust reported declines in several key financial metrics compared to the same period a year ago:
- EPS of $0.40 beat estimates of $0.36 but declined 21.6% year-over-year - Revenue of $82.87 million missed estimates of $84.44 million and fell 20% year-over-year - Net interest income dropped to $82.9 million from $103.6 million in Q4 2023The company maintained its quarterly dividend at $0.43 per share. However, investors appeared to be disappointed by the overall results, which reflected a slowdown in Arbor's business and earnings growth.