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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets:    
Cash and cash equivalents $ 687,540 $ 928,974
Restricted cash 179,906 608,233
Loans and investments, net (allowance for credit losses of $243,588 and $195,664) 11,292,647 12,377,806
Loans held-for-sale, net 326,141 551,707
Capitalized mortgage servicing rights, net 376,403 391,254
Securities held-to-maturity, net (allowance for credit losses of $10,564 and $6,256) 156,027 155,279
Investments in equity affiliates 76,294 79,303
Real estate owned, net 127,926 86,991
Due from related party 96,823 64,421
Goodwill and other intangible assets 88,510 91,378
Other assets 473,241 403,290
Total assets [1] 13,881,458 15,738,636
Liabilities:    
Credit and repurchase facilities 3,257,719 3,237,827
Securitized debt 5,315,079 6,935,010
Senior unsecured notes 1,246,908 1,333,968
Convertible senior unsecured notes 285,170 283,118
Junior subordinated notes to subsidiary trust issuing preferred securities 144,480 143,896
Mortgage notes payable — real estate owned 35,350 44,339
Due to related party 25,474 13,799
Due to borrowers 56,975 121,707
Allowance for loss-sharing obligations 80,577 71,634
Other liabilities 270,349 298,733
Total liabilities [1] 10,718,081 12,484,031
Commitments and contingencies (Note 14)
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 - 188,608,777 and 188,505,264 shares issued and outstanding 1,886 1,885
Additional paid-in capital 2,363,259 2,367,188
Retained earnings 34,816 115,216
Total Arbor Realty Trust, Inc. stockholders' equity 3,033,645 3,117,973
Noncontrolling interest 129,732 136,632
Total equity 3,163,377 3,254,605
Total liabilities and equity $ 13,881,458 $ 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 September 30, 2024 and December 31, 2023, assets of our consolidated VIEs totaled $6,782,387 and $8,614,571, respectively, and the liabilities of our consolidated VIEs totaled $5,332,159 and $6,967,877, respectively. See Note 15 for discussion of our VIEs