The firm's financial leverage has reached a concerning peak with a debt-to-equity ratio of 3.81 in 2026Q1, reflecting an increased reliance on debt financing amidst asset valuation volatility.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 |
|---|
| Total Assets | 14.69B | 14.49B | 13.49B | 15.74B | 17.04B | 15.07B | 7.66B | 6.24B | 4.61B | 3.63B | 2.97B | 1.83B | 1.88B | 1.88B | 1.7B | 1.78B | 1.73B | 2.06B | 2.58B | 2.9B | 2.2B | 1.4B | 912.3M | 338.16M |
| Asset Growth % | 12.93% | 7.44% | -14.28% | -7.63% | 13.04% | 96.76% | 22.79% | 35.28% | 27.2% | 22.05% | 62.57% | -2.82% | 0.16% | 10.32% | -4.21% | 2.63% | -15.99% | -20.1% | -11.11% | 31.63% | 57.9% | 53.03% | 169.78% | - |
| Real Estate & Other Assets | -12.38B | -12.49B | 503.5M | 0 | 261.44M | 209.98M | -655.22M | 137.57M | 3.96B | 3.1B | 2.46B | 1.6B | 1.81B | 1.73B | 1.56B | 1.43B | -69.14M | -125.96M | -134.56M | -265.67M | -71.91M | -29.62M | -51.84M | -5.92M |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.61B | -3.63B | -2.97B | 0 | 0 | 0 | 0 | 128.4M | 0 | 0 | 46.48M | 0 | 0 | 0 | 0 | 0 |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 407.13M | 482.88M | 12.15B | 999.94M | 15.93B | 13.95B | 0 | 5.32B | 160.06M | 104.37M | 144.05M | 199.4M | 67.3M | 109.18M | 32.74M | 121.6M | 104.42B | 65.11B | 1.36B | 37.92B | 29.86B | 49.04B | 52.98B | 6.12M |
| Cash & Equivalents | 407.13M | 482.88M | 503.8M | 928.97M | 534.36M | 404.58M | 339.53M | 299.69M | 160.06M | 104.37M | 138.65M | 188.71M | 50.42M | 60.39M | 29.19M | 55.24M | 101.12M | 64.62M | 832.04K | 22.22M | 7.76M | 19.43M | 6.4M | 6.12M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 688K | 0 | 1000K | 36.52K | 98.06K | 24.09K | 656.29K | 335.05K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | -35.25M | -6.53M | 759.33M | 0 | 1.25B | 1.72B | -351.98M | 1.08B | 0 | 0 | 0 | 586.94K | 14.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 418.09M | 370.77M | 400.17M | 426.01M | 440.91M | 466.87M | 428.8M | 340.5M | 273.77M | 252.61M | 227.74M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 11.71B | 11.43B | 10.34B | 12.48B | 13.97B | 12.52B | 6.18B | 4.88B | 3.55B | 2.76B | 2.22B | 1.26B | 1.34B | 1.44B | 1.47B | 1.6B | 1.52B | 1.96B | 2.3B | 2.43B | 1.84B | 1.04B | 589.29M | 183.42M |
| Total Debt | 11.36B | 11.05B | 10.04B | 9.47B | 13.57B | 12.15B | 4.68B | 4.7B | 3.31B | 2.53B | 2.02B | 1.17B | 1.26B | 1.12B | 1.16B | 1.44B | 271.45M | 1.78B | 1.99B | 2.02B | 1.43B | 600.67M | 174.36M | 108.81M |
| Net Debt | 10.95B | 10.57B | 9.54B | 8.55B | 13.03B | 11.75B | 4.34B | 4.4B | 3.15B | 2.43B | 1.88B | 984.48M | 1.21B | 1.06B | 1.13B | 1.38B | 170.33M | 1.71B | 1.99B | 2B | 1.42B | 581.24M | 167.96M | 102.69M |
| Long-Term Debt | 8.31B | 6.12B | 6.55B | 8.82B | 9.79B | 7.86B | 3.68B | 3.17B | 2.26B | 2.1B | 1.19B | 1.07B | 1.1B | 1.14B | 1.16B | 1.37B | 250.7M | 676.15M | 1.43B | 2.02B | 1.43B | 600.67M | 174.36M | 67.04M |
| Short-Term Borrowings | 3.05B | 4.93B | 3.43B | 577.33M | 3.77B | 4.3B | 1B | 1.53B | 478.23M | 405.75M | 455.89M | 58.98M | 89.02M | 0 | 0 | 161.56M | 0 | 416.66M | 0 | 0 | 0 | 0 | 0 | 50.17M |
| Capital Lease Obligations | 0 | 0 | 69.14M | 79.92M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53.75M | 20.75M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 3.05B | 4.93B | 3.44B | 591.13M | 3.77B | 4.3B | 0 | 1.53B | 323.41M | 299.06M | 284.51M | 54.48M | 51.99M | 140.8M | 231.8M | 167.2M | 183.5M | 184.8M | 245.1M | 238M | 103.3M | 94.2M | 74.6M | 50.17M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.44M | 2M | 993.19K | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.55B | 2.76B | 2.22B | 0 | 0 | 77.12B | 77.12B | 77.12B | 77.12B | 77.12B | 77.12B | 77.12B | 0 | 0 | 0 | 0 |
| Other Liabilities | 352.42M | 378.35M | 294.48M | 347.56M | 400.41M | 369.04M | -3.68B | 178.95M | -2.26B | -2.1B | -1.19B | -1.07B | -1.1B | 207.21M | -1.24B | -1.5B | -348.58M | -753.27M | -1.43B | -2.02B | -1.43B | -600.67M | -174.36M | -67.04M |
| Total Equity | 2.98B | 3.07B | 3.15B | 3.25B | 3.07B | 2.55B | 1.48B | 1.36B | 1.07B | 864.56M | 747.04M | 565.09M | 535.46M | 437.6M | 231.26M | 173.06M | 206.42M | 98.63M | 280.99M | 468.12M | 361.58M | 351.3M | 323M | 154.75M |
| Equity Growth % | -11.94% | -2.69% | -3.15% | 5.95% | 20.47% | 71.98% | 9.34% | 27.26% | 23.25% | 15.73% | 32.2% | 5.53% | 22.36% | 89.22% | 33.63% | -16.16% | 109.27% | -64.9% | -39.97% | 29.46% | 2.93% | 8.76% | 108.73% | - |
| Shareholders Equity | 2.87B | 2.95B | 3.02B | 3.12B | 2.94B | 2.42B | 1.34B | 1.18B | 895.24M | 695.83M | 587.14M | 565.09M | 535.46M | 437.6M | 229.33M | 171.13M | 204.42M | 96.69M | 281.01M | 395.26M | 296.11M | 287.61M | 262.75M | 111.12M |
| Minority Interest | 109M | 113.8M | 127.89M | 136.63M | 134.88M | 131.86M | 138.31M | 171.42M | 170.33M | 168.73M | 159.9M | 0 | 0 | 0 | 1.93M | 1.93M | 2M | 1.94M | -10.98K | 72.85M | 65.47M | 63.69M | 60.25M | 43.63M |
| Common Stock | 1.92M | 1.96M | 1.89M | 1.89M | 1.78M | 1.51M | 1.23M | 1.1M | 840K | 617K | 514.01K | 509.63K | 531.28K | 517.87K | 339K | 267.79K | 257.57K | 256.67K | 254.22K | 207.99K | 173.89K | 170.51K | 164.67K | 82K |
| Additional Paid-in Capital | 2.43B | 2.45B | 2.38B | 2.37B | 2.2B | 1.8B | 1.32B | 1.15B | 879.03M | 707.45M | 621.93M | 616.24M | 629.88M | 623.99M | 493.21M | 455.99M | 450.69M | 450.38M | 447.32M | 365.38M | 273.04M | 264.69M | 254.43M | 112.22M |
| Retained Earnings | -194.06M | -136.6M | 13.04M | 115.22M | 97.05M | 62.53M | -63.44M | -60.92M | -74.13M | -101.93M | -125.13M | -136.12M | -152.48M | -212.23M | -207.56M | -221.02M | -180.69M | -293.59M | -62.94M | 65.67M | 27.73M | 21.45M | 8.81M | -691.87K |
| Preferred Stock | 633.68M | 633.68M | 633.68M | 633.68M | 633.68M | 556.16M | 89.47M | 89.5M | 89.5M | 89.51M | 89.51M | 89.3M | 89.3M | 67.65M | 0 | 0 | 0 | 0 | 0 | 37.76K | 37.76K | 37.76K | 37.76K | 31.47K |
| Return on Assets (ROA) | 0.84% | 1.06% | 1.81% | 2.27% | 2.03% | 2.98% | 2.46% | 2.37% | 2.81% | 2.23% | 2.1% | 2.88% | 4.95% | 1.18% | 0.93% | -2.3% | 5.96% | -9.94% | -2.96% | 3.31% | 2.8% | 4.37% | 4.01% | 1.01% |
| Return on Equity (ROE) | 3.88% | 4.79% | 8.26% | 11.74% | 11.59% | 16.83% | 12.04% | 10.62% | 12.01% | 9.11% | 7.67% | 9.71% | 19.13% | 6.33% | 8% | -21.25% | 74.03% | -121.5% | -21.69% | 20.38% | 14.14% | 14.94% | 10.5% | 2.2% |
| Debt / Assets | 77.33% | 76.23% | 74.45% | 60.2% | 79.62% | 80.64% | 61.1% | 75.4% | 71.87% | 69.81% | 67.93% | 64.2% | 67.01% | 59.64% | 68.39% | 80.96% | 15.68% | 86.21% | 77.25% | 69.73% | 64.65% | 43.03% | 19.11% | 32.18% |
| Debt / Equity | 3.81x | 3.60x | 3.19x | 2.91x | 4.42x | 4.77x | 3.16x | 3.47x | 3.11x | 2.93x | 2.70x | 2.08x | 2.35x | 2.56x | 5.03x | 8.31x | 1.32x | 18.01x | 7.09x | 4.32x | 3.94x | 1.71x | 0.54x | 0.70x |
| Net Debt / EBITDA | 12.09x | 11.41x | 20.67x | 14.87x | 25.82x | 23.08x | 14.02x | 17.25x | 12.86x | 12.95x | 16.23x | 30.01x | 30.67x | 33.03x | - | - | 1.46x | - | - | 19.43x | 15.33x | 12.75x | 9.36x | 61.50x |
| Book Value per Share | 14.07 | 14.62 | 15.34 | 14.87 | 15.43 | 16.34 | 11.07 | 11.67 | 11.38 | 10.77 | 10.16 | 11.08 | 10.63 | 10.22 | 8.50 | 6.93 | 8.02 | 3.90 | 12.26 | 20.47 | 17.22 | 16.99 | 18.60 | 13.64 |
Multifamily bridge loan distress
As reported in recent financial statements, ABR's total assets have fluctuated between $13.4 billion and $15.7 billion over the last ten quarters, suggesting that the firm is struggling to maintain a consistent growth trajectory while navigating a challenging interest rate environment and shifting multifamily demand.
The oscillation in total assets indicates a lack of clear strategic direction in portfolio expansion, likely driven by the cyclical nature of bridge loan originations. Investors should monitor whether this volatility reflects a deliberate de-risking strategy or an inability to deploy capital effectively in the current high-rate climate.
Based on the provided quarterly data, the company's debt-to-equity ratio has exhibited significant variance, peaking at 3.81 in 2026Q1, which highlights a reliance on debt financing that appears increasingly precarious given the concurrent compression in FFO per share.
The rapid shift in leverage ratios suggests that the firm may be utilizing warehouse facilities to manage liquidity gaps, which introduces significant margin call risk. This reliance on debt to support the balance sheet warrants further investigation into the maturity profile of these obligations and their sensitivity to potential credit downgrades.
According to the balance sheet figures, cash reserves have declined from a peak of $935.5 million in 2023Q4 to $407.1 million in 2026Q1, indicating that the firm's liquidity buffer is narrowing precisely when the bridge loan portfolio requires the most defensive capital support.
The reduction in cash on hand suggests that the company is consuming its liquidity to manage operational shortfalls or to fund loan modifications. This trend appears to limit the firm's flexibility to address potential non-performing assets without resorting to dilutive equity raises or expensive incremental debt.
Financial disclosures indicate that the absence of net property, plant, and equipment on the balance sheet underscores the firm's status as a pure-play lender, yet this structure masks the underlying credit risk inherent in the $11.4 billion debt portfolio reported in 2026Q1.
The lack of tangible real estate assets means the firm's book value is entirely dependent on the credit quality of its borrowers and the accuracy of its CECL reserve models. Investors should be wary that the reported equity value may be overstated if the underlying multifamily bridge loans require significant write-downs due to sustained high interest rates.
Quick answers to the most common questions about buying ABR stock.
As of 2025, Arbor Realty Trust, Inc. (ABR) had total assets of $14.49B including $482.9M in current assets.
Arbor Realty Trust, Inc. (ABR) carries total debt of $11.05B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Arbor Realty Trust, Inc. (ABR) has total shareholders' equity (book value) of $2.95B ($14.62 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Arbor Realty Trust, Inc. (ABR) reported a current ratio of 0.10x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.