From The Real Deal · TRD Staff · · 40s
Arbor Realty Trust suspends dividend after $85M quarterly loss
Arbor Realty Trust halts dividend payments following $85.4 million quarterly loss.
In brief
Arbor Realty Trust halts dividend payments following $85.4 million quarterly loss. Arbor Realty Trust suspended its dividend after reporting a $85.4 million net loss for Q3, citing financial strain from nonperforming loans and debt. Originally reported by The Real Deal.
Arbor Realty Trust
Arbor Realty Trust suspended its dividend after reporting a $85.4 million net loss for Q3.
Financial Impact
The REIT has 32 nonperforming loans totaling $647.6 million in unpaid principal, up from 19 loans at $428.8 million.
Debt Strategy
Arbor aims to save $60 million by suspending the dividend to pay off $275 million in debt by March.
Here's the gist
Arbor Realty Trust suspended its dividend after reporting a $85.4 million net loss for Q3, citing financial strain from nonperforming loans and debt.
