Arbor Realty Trust, Inc. (ABR: Quote) reported second-quarter net income attributable to the company of $15.5 million or $0.62 per share, compared to the net loss of $10.4 million or $0.41 per share in the comparable quarter last year.
Funds from Operations, or FFO, for the quarter was $17.1 million or $0.68 per share, compared to negative FFO of $7.7 million or $0.30 per share last year.
Net interest income for the quarter increased to $9.7 million from $2.8 million in the year ago quarter. Total other revenues for the quarter increased to $8.7 million from $7.6 million last year.
The company noted that it has declared a quarterly cash dividend of $0.10 per share of common stock for the second quarter, payable on August 28 to common shareholders of record on August 21.
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by RTT Staff Writer
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