Arbor Realty Trust (ABR) Q4 FY2023 earnings: revenue $189 million, down 4.1% on the year

Arbor Realty Trust Inc. (ABR) reported revenue of $189 million for Q4 FY2023, the quarter ended 31 December 2023, down 4.1% on the same quarter a year earlier. Net income was $92 million, up 4.0% on the year, and diluted earnings per share $0.47. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2024.

Revenue$189 milliondown 4.1%

Net income$92 millionup 4.0%

Diluted EPS$0.47

QuarterQ4 FY2023ended 31 December 2023

The quarter, against the one before and a year earlier

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Revenue	189	177	n/a	n/a
Selling, general and administrative	12.7	12.4	n/a	n/a
Interest expense	227	229	n/a	n/a
Income tax	7.9	5.9	n/a	n/a
Net income	91.7	77.9	n/a	n/a
Net margin	48.5%	44.1%	n/a
Diluted EPS	$0.47	$0.41	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Operating cash flow	77.4	56.9	n/a	n/a
Cash from investing	460	391	n/a	n/a
Cash from financing	-315	-376	n/a	n/a
Depreciation and amortisation	2.4	2.3	n/a	n/a
Share-based compensation	2.8	3.0	n/a	n/a
Buybacks	-0.0	0.0	n/a	n/a
Dividends paid	98.6	98.0	n/a	n/a
Dividend per share	n/a	$0.43	n/a	n/a
Diluted shares, weighted	219m	221m	n/a	n/a
Shares outstanding at period end	189m	189m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Shareholders' equity	3,118	3,105	n/a	n/a
Non-controlling interest	137	136	n/a	n/a
Debt	11,986	12,214	n/a	n/a
Other liabilities	498	448	n/a	n/a
Total liabilities and equity	15,739	15,903	n/a	n/a
Goodwill	56.6	n/a	n/a	n/a
Intangible assets	34.8	n/a	n/a	n/a
Securities held for sale or to maturity	155	155	n/a	n/a
Cash and equivalents	929	895	n/a	n/a
Other assets	14,563	14,852	n/a	n/a
Total assets	15,739	15,903	n/a	n/a

Questions

What was Arbor Realty Trust's revenue in Q4 FY2023?

Arbor Realty Trust (ABR) reported revenue of $189 million for Q4 FY2023, the quarter ended 31 December 2023, down 4.1% on the same quarter a year earlier.

How much did Arbor Realty Trust earn in Q4 FY2023?

Net income for Q4 FY2023 was $92 million, up 4.0% on the year, and diluted earnings per share $0.47.

When did Arbor Realty Trust report Q4 FY2023 results?

Arbor Realty Trust filed its 10-K for the year that ended with the quarter on 20 February 2024; the fourth quarter is the year less the first three.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	177	189	161	153	157	152	134	130	112	133	117	116
SG&A	12.4	12.7	13.9	12.8	13.1	15.0	16.3	14.9	13.7	14.9	17.0	15.9
Operating income	n/a	n/a	75.4	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Operating margin	n/a	n/a	47%	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Interest expense	229	227	218	n/a	n/a	n/a	6.1	6.1	n/a	n/a	n/a	n/a
Pre-tax income	n/a	n/a	75.4	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Tax rate	n/a	n/a	5%	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net income	77.9	91.7	57.9	47.4	58.2	59.8	30.4	24.0	38.5	14.6	0.6	-37.3
Net margin	44%	49%	36%	31%	37%	39%	23%	18%	34%	11%	1%	-32%
Diluted EPS	$0.41	$0.47	$0.31	$0.25	$0.31	$0.31	$0.16	$0.12	$0.20	$0.07	$0.00	-$0.20
Operating cash flow	56.9	77.4	260	69.9	85.0	46.7	151	60.0	179	-16.9	-8.3	158
Buybacks	0.0	-0.0	0.0	11.4	0.0	0.0	0.0	0.0	0.0	2.0	30.7	20.9
Dividends paid	98.0	98.6	98.7	98.6	98.6	99.0	99.4	73.1	73.4	74.1	73.3	45.5
Shares outstanding	189m	189m	189m	189m	189m	189m	192m	192m	196m	195m	192m	189m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 31 December 2023, filed 20 February 2024, accession 0001628280-24-005456: the filing on EDGAR. All of Arbor Realty Trust Inc.'s filings: EDGAR company page.

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