UNIONDALE, N.Y. (AP) — UNIONDALE, N.Y. (AP) — Arbor Realty Trust (ABR) on Friday reported second-quarter profit of $34.3 million.
On a per-share basis, the Uniondale, New York-based company said it had net income of 12 cents. Earnings, adjusted for amortization costs and non-recurring costs, came to 25 cents per share.
The real estate investment trust posted revenue of $240.3 million in the period.
Arbor Realty Trust shares have declined 20% since the beginning of the year. The stock has fallen 18% 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
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
