XML 52 R42.htm IDEA: XBRL DOCUMENT v3.25.1

Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Statement of Income and Balance Sheet by Segment

			Three Months Ended March 31, 2025
			Structured Business						Agency Business						Other (1)						Consolidated
Interest income			$	230,087					$	10,606					$	—					$	240,693
Interest expense			161,579						3,672						—						165,251
Net interest income			68,508						6,934						—						75,442
Other revenue:
Gain on sales, including fee-based services, net			—						12,781						—						12,781
Mortgage servicing rights			—						8,131						—						8,131
Servicing revenue			—						43,361						—						43,361
Amortization of MSRs			—						(17,758)						—						(17,758)
Property operating income			4,387						—						—						4,387
Gain on derivative instruments, net			—						3,400						—						3,400
Other income, net			2,078						2,341						—						4,419
Total other revenue			6,465						52,256						—						58,721
Other expenses:
Employee compensation and benefits			18,157						23,266						—						41,423
Commissions			—						4,613						—						4,613
Selling and administrative			8,932						7,380						—						16,312
Property operating expenses			3,474						—						—						3,474
Depreciation and amortization			3,352						392						—						3,744
Provision for loss sharing			—						1,786						—						1,786
Provision for credit losses (net of recoveries)			9,154						(79)						—						9,075
Total other expenses			43,069						37,358						—						80,427
Income before extinguishment of debt, loss on real estate, loss from equity affiliates and income taxes			31,904						21,832						—						53,736
Loss on extinguishment of debt			(2,319)						—						—						(2,319)
Loss on real estate			(2,810)						—						—						(2,810)
Loss from equity affiliates			(1,634)						—						—						(1,634)
Benefit from (provision for) income taxes			639						(4,230)						—						(3,591)
Net income			25,780						17,602						—						43,382
Preferred stock dividends			10,342						—						—						10,342
Net income attributable to noncontrolling interest			—						—						2,602						2,602
Net income attributable to common stockholders			$	15,438					$	17,602					$	(2,602)					$	30,438

			Three Months Ended March 31, 2024
			Structured Business						Agency Business						Other (1)						Consolidated
Interest income			$	307,888					$	13,404					$	—					$	321,292
Interest expense			212,600						5,076						—						217,676
Net interest income			95,288						8,328						—						103,616
Other revenue:
Gain on sales, including fee-based services, net			—						16,666						—						16,666
Mortgage servicing rights			—						10,199						—						10,199
Servicing revenue			—						48,157						—						48,157
Amortization of MSRs			—						(16,631)						—						(16,631)
Property operating income			1,570						—						—						1,570
Loss on derivative instruments, net			—						(5,257)						—						(5,257)
Other income, net			2,300						33						—						2,333
Total other revenue			3,870						53,167						—						57,037
Other expenses:
Employee compensation and benefits			18,547						23,423						—						41,970
Commissions			—						5,724						—						5,724
Selling and administrative			6,796						7,137						—						13,933
Property operating expenses			1,678						—						—						1,678
Depreciation and amortization			1,398						1,173						—						2,571
Provision for loss sharing (net of recoveries)			—						273						—						273
Provision for credit losses (net of recoveries)			17,777						1,341						—						19,118
Total other expenses			46,196						39,071						—						85,267
Income before income from equity affiliates and income taxes			52,962						22,424						—						75,386
Income from equity affiliates			1,418						—						—						1,418
Provision for income taxes			(81)						(3,511)						—						(3,592)
Net income			54,299						18,913						—						73,212
Preferred stock dividends			10,342						—						—						10,342
Net income attributable to noncontrolling interest			—						—						4,997						4,997
Net income attributable to common stockholders			$	43,957					$	18,913					$	(4,997)					$	57,873

________________________

(1) Includes income allocated to the noncontrolling interest holders not allocated to the two reportable segments.

			March 31, 2025
			Structured Business						Agency Business						Consolidated
Assets:
Cash and cash equivalents			$	55,328					$	253,514					$	308,842
Restricted cash			15,943						24,620						40,563
Loans and investments, net			11,215,625						—						11,215,625
Loans held-for-sale, net			—						314,635						314,635
Capitalized mortgage servicing rights, net			—						357,220						357,220
Securities held-to-maturity, net			—						158,658						158,658
Investments in equity affiliates			77,095						—						77,095
Real estate owned, net			302,158						—						302,158
Goodwill and other intangible assets			12,500						75,227						87,727
Other assets and due from related party			249,904						254,922						504,826
Total assets			$	11,928,553					$	1,438,796					$	13,367,349
Liabilities:
Debt obligations			$	9,580,201					$	279,403					$	9,859,604
Allowance for loss-sharing obligations			—						85,515						85,515
Other liabilities and due to related parties			206,181						86,590						292,771
Total liabilities			$	9,786,382					$	451,508					$	10,237,890
			December 31, 2024
Assets:
Cash and cash equivalents			$	58,188					$	445,615					$	503,803
Restricted cash			134,320						22,056						156,376
Loans and investments, net			11,033,997						—						11,033,997
Loans held-for-sale, net			—						435,759						435,759
Capitalized mortgage servicing rights, net			—						368,678						368,678
Securities held-to-maturity, net			—						157,154						157,154
Investments in equity affiliates			76,312						—						76,312
Real estate owned, net			176,543						—						176,543
Goodwill and other intangible assets			12,500						75,619						88,119
Other assets and due from related party			415,310						78,930						494,240
Total assets			$	11,907,170					$	1,583,811					$	13,490,981
Liabilities:
Debt obligations			$	9,500,901					$	422,661					$	9,923,562
Allowance for loss-sharing obligations			—						83,150						83,150
Other liabilities and due to related parties			244,948						87,351						332,299
Total liabilities			$	9,745,849					$	593,162					$	10,339,011

Schedule of Origination Data and Loans Sales Data By Segment

						Three Months Ended March 31,
						2025						2024
Origination Data:
Structured Business
Bridge:
Multifamily						$	367,750					$	39,235
SFR						356,294						171,490
						724,044						210,725
Mezzanine / Preferred Equity						4,440						45,129
Construction - Multifamily						18,637						—
Total New Loan Originations						$	747,121					$	255,854
Number of Loans Originated						20						59
Commitments:
SFR						$	162,400					$	411,617
Construction - Multifamily						92,000						—
Total Commitments						$	254,400					$	411,617
Loan Runoff						$	421,941					$	640,018
Agency Business
Origination Volumes by Investor:
Fannie Mae						$	357,811					$	458,429
Freddie Mac						178,020						370,102
Private Label						44,925						15,410
FHA						16,041						—
SFR - Fixed Rate						9,111						2,318
Total New Loan Originations						$	605,908					$	846,259
Total Loan Commitment Volume						$	645,401					$	934,243
Agency Business Loan Sales Data:
Fannie Mae						$	355,716					$	725,898
Freddie Mac						298,485						329,679
Private Label						—						15,410
FHA						67,542						12,069
SFR - Fixed Rate						9,111						2,318
Total Loan Sales						$	730,854					$	1,085,374
Sales Margin (fee-based services as a % of loan sales)						1.75			%			1.54			%
MSR Rate (MSR income as a % of loan commitments) (1)						1.26			%			1.09			%

________________________

(1) Excluding $160.2 million of loan commitments for which we do not receive a servicing fee, the MSR rate was 1.32% for the three months ended March 31, 2024.

Schedule of Key Servicing Metrics for Agency Business

						March 31, 2025
Key Servicing Metrics for Agency Business:						Servicing Portfolio UPB						Wtd. Avg. Servicing Fee Rate (basis points)						Wtd. Avg. Life of Portfolio (years)
Fannie Mae						$	22,683,885					46.2						6.2
Freddie Mac						6,123,074						21.4						6.6
Private Label						2,603,122						18.7						5.3
FHA						1,519,675						14.0						19.0
Bridge						278,293						10.4						2.8
SFR - Fixed Rate						276,839						20.1						4.1
Total						$	33,484,888					37.5						6.7
						December 31, 2024
Fannie Mae						$	22,730,056					46.4						6.4
Freddie Mac						6,077,020						21.5						6.8
Private Label						2,605,980						18.7						5.5
FHA						1,506,948						14.1						19.2
Bridge						278,494						10.4						3.0
SFR - Fixed Rate						271,859						20.1						4.4
Total						$	33,470,357					37.8						6.9

X

- Definition

Tabular disclosure of key servicing metrics.

+ References

No definition available.

+ Details

Name:	abr_KeyServicingMetricsTableTextBlock
Namespace Prefix:	abr_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the loan origination data and loan sales data for each reportable segment.

+ References

No definition available.

+ Details

Name:	abr_ScheduleOfOriginationDataAndLoansSalesDataBySegmentTableTextBlock
Namespace Prefix:	abr_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration