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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets:    
Cash and cash equivalents $ 737,485 $ 928,974
Restricted cash 218,228 608,233
Loans and investments, net (allowance for credit losses of $238,923 and $195,664) 11,603,944 12,377,806
Loans held-for-sale, net 342,870 551,707
Capitalized mortgage servicing rights, net 380,719 391,254
Securities held-to-maturity, net (allowance for credit losses of $9,132 and $6,256) 156,080 155,279
Investments in equity affiliates 72,872 79,303
Due from related party 105,097 64,421
Goodwill and other intangible assets 89,032 91,378
Other assets 490,885 490,281
Total assets [1] 14,197,212 15,738,636
Liabilities:    
Credit and repurchase facilities 3,160,384 3,237,827
Securitized debt 5,716,513 6,935,010
Senior unsecured notes 1,245,956 1,333,968
Convertible senior unsecured notes 284,473 283,118
Junior subordinated notes to subsidiary trust issuing preferred securities 144,275 143,896
Due to related party 2,709 13,799
Due to borrowers 75,837 121,707
Allowance for loss-sharing obligations 76,561 71,634
Other liabilities 303,865 343,072
Total liabilities [1] 11,010,573 12,484,031
Commitments and contingencies (Note 13)
Arbor Realty Trust, Inc. stockholders' equity:    
Preferred stock, cumulative, redeemable, $0.01 par value: 100,000,000 shares authorized, shares issued and outstanding by period: Special voting preferred shares - 16,293,589 shares, 6.375% Series D - 9,200,000 shares, 6.25% Series E - 5,750,000 shares, 6.25% Series F - 11,342,000 shares 633,684 633,684
Common stock, $0.01 par value: 500,000,000 shares authorized - 188,548,879 and 188,505,264 shares issued and outstanding 1,885 1,885
Additional paid-in capital 2,361,466 2,367,188
Retained earnings 57,894 115,216
Total Arbor Realty Trust, Inc. stockholders' equity 3,054,929 3,117,973
Noncontrolling interest 131,710 136,632
Total equity 3,186,639 3,254,605
Total liabilities and equity $ 14,197,212 $ 15,738,636
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities, or VIEs, as we are the primary beneficiary of these VIEs. At June 30, 2024 and December 31, 2023, assets of our consolidated VIEs totaled $7,154,753 and $8,614,571, respectively, and the liabilities of our consolidated VIEs totaled $5,733,813 and $6,967,877, respectively. See Note 14 for discussion of our VIEs