ABR - Arbor Realty Trust: Cautious Management Makes It A Hold

2024-02-19 00:19:07 ET

Summary

• Arbor Realty Trust's Q4 2023 earnings call reveals an update on financial results and the strength of the multifamily loan portfolio.
• Share price fell early in the year as concerns about their loans resurfaced.
• I previously rated Arbor Realty Trust as a Buy, but the noted sense of caution by management caused me to reconsider for now.

Arbor Realty Trust's ( ABR ) Q4 2023 earnings call just came out. With it came an update on its financial results and the health of its multifamily loan portfolio, most of which is coming to maturity soon. I covered it twice in December, the first time giving my long-term view of the business and the second time putting more emphasis on the short attacks against it and discussing some of the concerns about multifamily real estate....

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