Items Tagged with 'Arbor Realty Trust'

ARTICLES

  • Arbor Realty Trust closes sale of $25M in senior unsecured notes

    Company makes its second play this week for additional cash
    Arbor Realty Trust appears to be gearing up for a run of investments, announcing its second money-making move this week. Following the company's Wednesday announcement that its selling 5.5 million shares, Arbor Trust announced on Thursday it closed the sale of $25 million in unsecured senior notes.
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  • Arbor Realty Trust to offer up 5.5M shares

    The investment trust could raise up to $51.3 million with new public offering
    Arbor Realty Trust, a real estate company specializing in investment for multifamily, seniors housing and healthcare real estate, announced plans to make a public offering of 5.5 million shares. At its current stock price, that translates to roughly $51.3 million that the company could raise through this offering.
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  • Mortgage REIT Insider: Dividends Dry Up

    The commercial real estate bust continues to take its toll, particularly for the New York-based commercial mortgage REITs. This week, three of the major commercial mREITs announced that realized taxable losses had all but eliminated their dividend requirements for the rest of the year. Arbor Realty Trust [stock ABR][/stock] cut its third-quarter dividend to just $0.24/share, a 61 percent reduction in its quarterly payout. That payout will be Arbor’s last dividend for 2008, as the company doesn’t plan to pay a fourth-quarter dividend.
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  • Mortgage REIT Insider: Commercial mREITs Get Clobbered

    Shares of commercial mREITs were clobbered on Wednesday, following a string of negative comments about the state of the commercial real estate market. The Federal Reserve’s most recent Beige Book managed the first volley, suggesting that "[c]ommercial real estate conditions varied in April and May, with some Districts reporting that activity had softened. Leasing activity eased in Boston, New York, Philadelphia, Richmond, and San Francisco. Vacancy rates edged higher in Boston, Kansas City, and San Francisco, as well as in pockets of the Richmond and St. Louis Districts."
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