Arbor Realty reports 20% revenue drop in Q4
Arbor Realty Trust, Inc. reported a 20% drop in fourth-quarter revenue for fiscal 2024, totaling $82.87 million. This figure fell short of analyst expectations by $1.61 million. Following the earnings report, Arbor Realty's stock declined by double digits. The company is a mortgage real estate investment trust (mREIT).