Earnings release
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ARBOR Arbor Realty Trust Reports Third Quarter 2021 Results and Increases Quarterly Dividend to $ 0.36 per Share October 29 , 2021 Company Highlights : • Diversified , annuity - based operating platform with a multifamily focus that continues to produce strong distributable earnings and dividends in all cycles o GAAP net income of $ 0.51 and distributable earnings of $ 0.47 per diluted common share¹ o Raised cash dividend on common stock to $ 0.36 per share , our sixth consecutive quarterly increase o Raised 414 million of accretive growth capital : ■ $ 270 million from issuance of 4.50 % senior unsecured notes due in 2026 ■ $ 144 million from offering of 6.25 % Series E preferred stock Structured Business : • Segment income of $ 48.1 million • Record loan originations of $ 2.47 billion • Structured loan portfolio of over $ 9 billion on growth of 24 % • Closed a $ 1.50 billion collateralized securitization vehicle , our largest to date Agency Business : • Segment income of $ 33.1 million • Loan originations of $ 1.80 billion and a servicing portfolio of over $ 26 billion Recent Developments : • Raised an additional $ 201 million of accretive growth capital through the issuance of 6.25 % Series F preferred stock • Closed our 3rd private label securitization totaling $ 535 million UNIONDALE , N.Y. , Oct. 29 , 2021 ( GLOBE NEWSWIRE ) Arbor Realty Trust , Inc. ( NYSE : ABR ) , today announced financial results for the third quarter ended September 30 , 2021. Arbor reported net income for the quarter of $ 72.8 million , or $ 0.51 per diluted common share , compared to net income of $ 82.0 million , or $ 0.72 per diluted common share for the quarter ended September 30 , 2020. Distributable earnings for the quarter was $ 75.7 million , or $ 0.47 per diluted common share , compared to $ 67.1 million , or $ 0.50 per diluted common share for the quarter ended September 30 , 2020.1 Agency Business Loan Origination Platform Fannie Mae Private Label Freddie Mac FHA SFR - Fixed Rate Total Originations Total Loan Sales Total Loan Commitments -- $ $ Agency Loan Volume ( in thousands ) Quarter Ended September 30 , 2021 719,730 $ 625,176 307,664 84,430 67,227 1,804,227 $ 1,006,958 $ 1,856,474 $ June 30 , 2021 637,494 377,184 155,914 130,764 11,996 1,313,352 1,482,110 1,194,344 For the quarter ended September 30 , 2021 , the Agency Business generated revenues ( excluding gains and losses on derivative instruments ) of $ 79.7 million , compared to $ 91.2 million for the second quarter of 2021. Gain on sales , including fee - based services , net was $ 16.3 million for the quarter , reflecting a margin of 1.62 % , compared to $ 19.1 million and 1.85 % for the second quarter of 2021 , excluding $ 449.9 million of private label loans securitized . Income from mortgage servicing rights was $ 32.5 million for the quarter , reflecting a rate of 1.75 % as a percentage of loan commitments , compared to $ 26.3 million and 2.20 % for the second quarter of 2021 .