Arbor Realty Trust · NYSE:ABR
Arbor Realty Trust — Investor Presentation (March 2026)
22 slides from Arbor Realty Trust's investor presentation, March 2026
Slide 1: Investor Presentation
Investor Presentation March 2026 1
Slide 2: Legal Disclosures
Legal Disclosures This presentation and the information contained herein (together, this “Presentation”) are for the benefit of the stockholders of Arbor Realty Trust, Inc. (together with its direct and indirect subsidiaries, “we,” “us,” “our,” “Arbor,” or the “Company”). This Presentation is solely
Slide 3: Arbor is a Leading Commercial Mortgage REIT with a Differentiated Business Model
Arbor is a Leading Commercial Mortgage REIT with a Differentiated Business Model Business Platform Arbor Realty Trust is an internally-managed mortgage REIT with Multiple revenue opportunities across borrower’s life cycle a premium operating platform and unique business model, consisting of two pr
Slide 4: Arbor has a 40+ Year Track Record of Excellence in the Multifamily Lending Sector
Arbor has a 4 0 + Year Track Record of Excellence in the Multifamily Lending Sector ACM receives Arbor wins the #1 DUS Arbor National Freddie Mac Multifamily Lender Mortgage We believe Arbor is the Seller/Servicer Excellence in founded by Ivan Arbor Commercial only commercial designation and Operati
Slide 5: We Believe Arbor is the Only Multifamily Mortgage Lender to Survive the Great Financial Crisis
We Believe Arbor is the Only Multifamily Mortgage Lender to Survive the Great Financial Crisis Peer group pre-GFC Timeline Peer group post-GFC Arbor pays down approximately As a result of transforming its balance sheet proactively and $189M in warehouse and term debt prioritizing liquidity, Arbor is
Slide 6: Best-in-Class, Highly Aligned Management Team
B e s t - i n - Class, Highly Aligned Management Team ✓ Internalized, highly aligned management team with significant ownership ✓ Deep bench of talented employees ✓ Industry-leading expertise with deep-rooted relationships across commercial real estate space ✓ Best-in-class underwriting and originat
Slide 7: Arbor has Two Distinct Yet Complimentary Business Lines
Arbor has Two Distinct Yet Complimentary Business Lines Structured Business Agency Business Originate real estate loans and hold on balance sheet Originate, sell, and service real estate loans for GSEs Short-term assets: Loans held-for-sale1 Description Invests in the multifamily, Single-Fam
Slide 8: Arbor's Adaptable Originations Platform Drives Industry-Leading Performance
Arbor’s Adaptable Originations Platform Drives Industry- Leading Performance 2025 2024 2023 2022 ~$8.4B ~$6.8B ~$6.8B ~$11.4B 18% 6% 26% 1% 18% 1% 7% 6% 10% 2% 14% 1% 2% 1% 39% 1% 48% 59% 64% 74% 2% 1 Average Duration GSE/Agency – Predominately five to ten-year fixed-rate loans; includes long-date
Slide 9: Arbor has the Leading Nationwide Agencies Origination and Servicing Platform
Arbor has the Leading Nationwide Agencies Origination and Servicing Platform Total Agency Originations ($B) Agency Servicing Portfolio ($B) Fannie Mae Freddie Mac FHA1 Conduit Private Label SFR 2 Fannie Mae Freddie Mac FHA1 Private Label SFR 2 Bridge $6.7 $36.2 $6.4 $33.5 $31.0 1.5 $5.1 $5.1 $28.0 $
Slide 10: Annuity Based Business Model Drives Diversified Income Streams
Annuity Based Business Model Drives Diversified Income Streams Other Diversified Platform Significant Long-Dated, Predictable Annual Cash Flow1 Income Sources $233M $129M Gain on Sale $127M $87M Equity Investments $122M $183M $65M $97M $81M 2 Net Interest Income Servicing Revenue Cash/Escrow Earning
Slide 11: Arbor Has a Consistent Track Record of Book Value Appreciation and Outperformance
Arbor Has a Consistent Track Record of Book Value Appreciation and Outperformance Arbor has operated with best-in-class performance metrics and significantly outperformed peers in book value appreciation and dividend stability A 50% 30% 18% 10% 0% (10%) (30%) (30%) (46%) (50%) 4Q19 4Q20 4Q21 4Q22 4Q
Slide 12: Key Investment Highlights
Key Investment Highlights Adaptable Focused on the originations resilient platform enables multifamily pursuit of most lending market attractive lending opportunities Arbor benefits Highly diversified from strong Leading capital structure momentum on nationwide and liquidity agencies profile key pri
Slide 13: Recent Accomplishments Demonstrate Arbor's Focus on Operational Excellence
Recent Accomplishments Demonstrate Arbor’s Focus on Operational Excellence Strong Originated $5.1B of Agency loans in FY 2025, including $3.6B in the second half of the year performance FY 2025 total represents a 13% increase over $4.5B originated in FY 2024 under challenging ~$3.5B of Structu
Slide 14: Arbor's Loan Portfolio is Focused on the Highly Stable, Liquid and Resilient Multifamily Market
Arbor’s Loan Portfolio is Focused on the Highly Stable, Liquid and Resilient Multifamily Market LOAN TYPE ✓ Primary focus on stable multifamily senior loans Bridge, ✓ 94% Mezz, 2% Generates strong leveraged returns Pref Eq, 2% ✓ APC, 2% Geographically diversified ASSET CLASS ✓ Balance sheet business
Slide 15: Arbor is Singularly Focused on Accelerating the Resolution of Non-Performing Assets
Arbor is Singularly Focused on Accelerating the Resolution of Non-Performing Assets Continue to make meaningful progress each quarter by resolving more non-interest earning assets versus new defaults; In 4Q25, non-performing assets are down 9% as Arbor accelerates the resolution process Non-Performi
Slide 16: Arbor has Clear Visibility to Resolution on Non-Performing Assets
Arbor has Clear Visibility to Resolution on Non-Performing Assets → $100M - $150M is expected to be resolved by the end of 1Q26 Projected → Likely to rectify between $100M - $200M in 2Q26 Resolution for → Throughout 2026, Arbor is projected to take back between $100M - $200M of non-performing $617M
Slide 17: Arbor Maintains a High-Quality Loan Portfolio With Active Risk Management
Arbor Maintains a High-Quality Loan Portfolio With Active Risk Management to Mitigate Potential Loan Losses Experienced Team with Strong Track Record of Managing Through Cycles Structured Structured Aggressive approach to portfolio management and, when necessary, taking over assets to stabilize pr
Slide 18: Highly Diversified Capital Structure
Highly Diversified Capital Structure Total Enterprise Value = 13,376 1 Extensive experience with CRE CLOs 2 outstanding legacy nonrecourse CLOs totaling ~$2B; 1.97% over SOFR; 72% leverage 1 new $1.1B nonrecourse CLO (CLO 20); 1.82% over SOFR; 89% leverage; 2.5-year Collateralized loan obligat
Slide 19: Conservative Leverage Profile Allows for Proactive Risk Management and Mitigation Through Cycles
Conservative Leverage Profile Allows for Proactive Risk Management and Mitigation Through Cycles Debt-to-Equity1 Structured Maturities ($M)2 $3,076 $1,895 4.1x 2,496 3.3x 3.3x $1,175 2.8x 1,625 650 $654 500 525 580 270 154 12/31/22 12/31/23 12/31/24 12/31/25 2026 2027 2028 Thereafter 3 Debt-to-Equit
Slide 20: Unencumbered Asset Pool is Comprised of High-Quality Assets
Unencumbered Asset Pool is Comprised of High-Quality Assets Unencumbered Asset Pool Composition Key Unencumbered Asset Pool Highlights Net MSRs 8.2% Pro forma unrestricted cash Mezzanine & 15.1% $3.2B total unencumbered asset pool made up of preferred 11.8% high-quality assets 1.7x unencumbered
Slide 21: Over the Last 5 Years Arbor has Generated Strong Financial Results
Over the Last 5 Years Arbor has Generated Strong Financial Results Year Ended (Amounts in 000s, except per share amounts) 2021 2022 2023 2024 2025 Net interest income $ 254,082 $ 390,784 $ 427,991 $ 363,258 $ 238,172 Servicing revenue 166,170 196,570 208,278 202,819 190,729 Gain on sale, incl. fee b
Slide 22: Historical Reconciliation of Distributable Earnings to GAAP Net Income
Historical Reconciliation of Distributable Earnings to GAAP Net Income Year Ended (Amounts in 000s, except per share amounts) 2021 2022 2023 2024 2025 Net income attributable to common stockholders $ 317,412 $ 284,829 $ 330,065 $ 223,272 $ 107,427 Adjustments: Net income attributable to noncontrolli
Arbor Realty Trust — Investor Presentation (March 2026) on 6ix