Added to YB: 2024-01-10
Pitch date: 2024-01-10
ABR [bearish]
Arbor Realty Trust, Inc.
+24.66%
current return
Author Info
Company Info
Arbor Realty Trust, Inc. invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States.
Market Cap
$2.3B
Pitch Price
$11.77
Price Target
N/A
Dividend
10.20%
EV/EBITDA
N/A
P/E
12.99
EV/Sales
N/A
Sector
Mortgage Real Estate Investment Trusts (REITs)
Category
N/A
[SHORT] Arbor Realty Trust (NYSE:ABR)
$ABR: Risky $13B book of high-LTV multifamily bridge loans w/ floating rates & peak prices. Delinquencies soaring as borrowers go underwater. 20% loss wipes out equity. Covenant limits near max. Mgmt in denial but credit stress building. Div cut, margin call, provisioning ahead.
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