Arbor Realty Trust Cuts Dividend 43%, Discloses 8% Non-Performing Loan Ratio
Arbor Realty Trust cut its quarterly dividend from $0.30 to $0.17 per share and disclosed that non-performing assets now represent 8% of its structured loan portfolio, concentrated in multifamily and single-family rental properties.
Arbor Realty Trust cut its quarterly dividend from $0.30 to $0.17 per share, a 43% reduction, and disclosed that non-performing assets now constitute 8% of its structured loan portfolio [1]. The New York–based mortgage REIT's credit deterioration is concentrated in middle-income multifamily and single-family rental properties in challenged markets [1].
Management is targeting $200 million to $300 million in non-performing loan resolutions by the third quarter of 2026 [1]. The company has not disclosed which markets or borrower types account for the bulk of the delinquencies, nor has it quantified expected loss severities on workout transactions. Distributable earnings have collapsed alongside the credit migration, though specific coverage ratios for the new $0.17 payout were not provided [1].
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