Arbor Realty Trust Inc. (ABR) reported that its third-quarter Funds from operations or FFO was $3.7 million, or $0.13 per share, compared to a loss of $0.6 million, or $0.03 per share last year. Net income attributable to the company for the quarter was $2.1 million, or $0.07 per share, compared to net loss of $2.4 million, or $0.10 per share last year.
Net interest income for the quarter rose to $10.52 million from $7.12 million last year.
Total other revenues for the quarter increased to $8.22 million from $7.23 million in the prior year quarter.
The company announced that its Board has declared a quarterly cash dividend of $0.11 per share of common stock for the third quarter ended September 30, 2012. The dividend is payable on November 28, 2012 to common shareholders of record on November 20, 2012. The ex-dividend date is November 16, 2012.
For comments and feedback: editorial@rttnews.com