Arbor Realty Delivers Strong Q3 Results Despite Market Volatility, Trades at Rare Discount to Book Value
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Arbor Realty Trust reported strong Q3 results with beats on revenue, EPS, and dividend coverage ratio despite volatile market conditions.
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The company's book value per share grew 2% year-over-year to $12.73, showing resilience.
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Arbor's investment portfolio yield increased to 9.12%, and it continues to generate earnings above its dividend.
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The stock trades at a rare discount to book value presenting an opportunity for long-term investors.
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Near-term headwinds persist from aggressive Fed rate hikes and economic uncertainty, but dividend seems secure.