Arbor Realty Trust Announces an Increase of its Share Repurchase Program to $150 Million
11 Dezembro 2023 - 10:30AM
Arbor Realty Trust, Inc. (NYSE: ABR), today announced that its
Board of Directors has approved an increase to the Company’s share
repurchase program authorizing the Company to repurchase up to $150
million of its outstanding common stock. The share repurchase
program allows shares to be repurchased at management's discretion
from time to time in the open market, through privately negotiated
transactions or otherwise in compliance with Rule 10b-18 and Rule
10b5-1 under the Securities Exchange Act of 1934. The share
repurchase program also permits the Company to establish Rule
10b5-1 trading plans to repurchase its outstanding shares at times
when it might otherwise be prevented from doing so.
This share repurchase program does not obligate
the Company to acquire any particular amount of its outstanding
shares and the timing and exact amount of repurchases will depend
on various factors, including the performance of the Company’s
stock price, general market and other conditions, applicable legal
requirements and other factors. This share repurchase program has
no time limit and may be suspended, modified or discontinued at any
time.
About Arbor Realty
Trust, Inc.
Arbor Realty Trust, Inc. (NYSE: ABR) is a
nationwide real estate investment trust and direct lender,
providing loan origination and servicing for multifamily,
single-family rental (SFR) portfolios, and other diverse commercial
real estate assets. Headquartered in New York, Arbor manages a
multibillion-dollar servicing portfolio, specializing in
government-sponsored enterprise products. Arbor is a leading Fannie
Mae DUS® lender and Freddie Mac Optigo® Seller/Servicer, and
an approved FHA Multifamily Accelerated Processing (MAP) lender.
Arbor’s product platform also includes bridge, CMBS, mezzanine and
preferred equity loans. Rated by Standard and Poor’s and Fitch
Ratings, Arbor is committed to building on its reputation for
service, quality, and customized solutions with an unparalleled
dedication to providing our clients excellence over the entire life
of a loan.
Safe Harbor Statement
Certain items in this press release may
constitute forward-looking statements within the meaning of the
“safe harbor” provisions of the Private Securities Litigation
Reform Act of 1995. These statements are based on management’s
current expectations and beliefs and are subject to a number of
trends and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements.
Arbor can give no assurance that its expectations will be attained.
Factors that could cause actual results to differ materially from
Arbor’s expectations include, but are not limited to, changes in
economic conditions generally, and the real estate markets
specifically, continued ability to source new investments, changes
in interest rates and/or credit spreads, and other risks detailed
in Arbor’s Annual Report on Form 10-K for the year
ended December 31, 2022 and its other reports filed with
the SEC. Such forward-looking statements speak only as of the
date of this press release. Arbor expressly disclaims any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in Arbor’s expectations with regard thereto or
change in events, conditions, or circumstances on which any such
statement is based.
Contact: Arbor Realty Trust, Inc. Paul Elenio,
Chief Financial Officer 516-506-4422 pelenio@arbor.com
Arbor Realty (NYSE:ABR)
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