AP NEWS
Click to copy
Click to copy
Related topics

Arbor Realty Trust: 2Q Earnings Snapshot

August 2, 2019

UNIONDALE, N.Y. (AP) _ Arbor Realty Trust (ABR) on Friday reported a key measure of profitability in its second quarter.

The Uniondale, New York-based real estate investment trust said it had funds from operations of $37.9 million, or 33 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $28.9 million, or 31 cents per share.

The real estate investment trust posted revenue of $82.2 million in the period.

The company’s shares have risen 22% since the beginning of the year. The stock has risen nearly 8% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABR at https://www.zacks.com/ap/ABR

All contents © copyright 2019 The Associated Press. All rights reserved.