UNIONDALE, N.Y. (AP) — UNIONDALE, N.Y. (AP) — Arbor Realty Trust (ABR) on Friday reported third-quarter earnings of $48.8 million.
The Uniondale, New York-based company said it had net income of 20 cents per share. Earnings, adjusted for one-time gains and costs, came to 35 cents per share.
The real estate investment trust posted revenue of $223 million in the period.
Arbor Realty Trust shares have declined 17% since the beginning of the year. The stock has decreased 23% in the last 12 months.
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