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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets:    
Cash and cash equivalents $ 503,803 $ 928,974
Restricted cash 156,376 608,233
Loans and investments, net (allowance for credit losses of $238,967 and $195,664) 11,033,997 12,377,806
Loans held-for-sale, net 435,759 551,707
Capitalized mortgage servicing rights, net 368,678 391,254
Securities held-to-maturity, net (allowance for credit losses of $10,846 and $6,256) 157,154 155,279
Investments in equity affiliates 76,312 79,303
Real estate owned, net 176,543 86,991
Due from related party 12,792 64,421
Goodwill and other intangible assets 88,119 91,378
Other assets 481,448 403,290
Total assets [1] 13,490,981 15,738,636
Liabilities:    
Credit and repurchase facilities 3,559,490 3,237,827
Securitized debt 4,622,489 6,935,010
Senior unsecured notes 1,236,147 1,333,968
Convertible senior unsecured notes 285,853 283,118
Junior subordinated notes to subsidiary trust issuing preferred securities 144,686 143,896
Mortgage notes payable - real estate owned 74,897 44,339
Due to related party 4,474 13,799
Due to borrowers 47,627 121,707
Allowance for loss-sharing obligations 83,150 71,634
Other liabilities 280,198 298,733
Total liabilities [1] 10,339,011 12,484,031
Commitments and contingencies (Note 15)
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 and 16,325,095 shares, 6.375% Series D - 9,200,000 shares, 6.25% Series E - 5,750,000 shares, 6.25% Series F - 11,342,000 and 8,050,000 shares 633,684 633,684
Common stock, $0.01 par value: 500,000,000 shares authorized - 189,259,435 and 188,505,264 shares issued and outstanding 1,893 1,885
Additional paid-in capital 2,375,469 2,367,188
Retained earnings 13,039 115,216
Total Arbor Realty Trust, Inc. stockholders’ equity 3,024,085 3,117,973
Noncontrolling interest 127,885 136,632
Total equity 3,151,970 3,254,605
Total liabilities and equity $ 13,490,981 $ 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 December 31, 2024 and 2023, assets of our consolidated VIEs totaled $6,124,925 and $8,614,571, respectively, and the liabilities of our consolidated VIEs totaled $4,637,744 and $6,967,877, respectively. See Note 16 for discussion of our VIEs.