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Hold (1.83 out of 4)
100th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, April 19, 3:41 AM
Slide #47. Arbor Realty Trust, Inc. — Preferred Stock Offering
| Company: |
Arbor Realty Trust, Inc. (NYSE:ABR) |
| Date announced: |
10/4/2021 |
| Shares Offered: |
7,000,000 |
| Date of Pricing: |
10/4/2021 |
| Price Per Share: |
$25.00 |
| Preferred Stock Offering Details: |
Arbor Realty Trust, Inc. (the "Company") (NYSE:ABR) announced today that it has priced the public offering of 7,000,000 shares of its 6.25% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series F Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of $175 million, before deducting underwriting discounts and estimated offering expenses. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of the Series F Preferred Stock to cover over-allotments, if any. The Company intends to file an application to list the Series F Preferred Stock on the NYSE under the symbol "ABR PrF" and, if approved, expects trading to commence within 30 days after the initial issuance of the Series F Preferred Stock. The offering is expected to close on October 12, 2021, subject to customary closing conditions. |
Arbor Realty Trust is a real estate investment trust and direct lender, providing loan origination and servicing for multifamily, seniors housing, healthcare and other commercial real estate assets. Co.'s segments are: Structured Loan Origination and Investment Business, in which it invests in a portfolio of structured finance assets in the multifamily, single-family rental and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages and preferred and direct equity; and Agency Loan Origination and Servicing Business, in which it originates, sells and services a range of multifamily finance products. Preferreds: ABR.PRA, ABR.PRB, ABR.PRC, ABR.PRD, ABR.PRE, ABR.PRF
 Open the ABR Page at Preferred Stock Channel »
| Name: |
Arbor Realty Trust Inc |
| Website: |
www.arbor.com |
| Sector: |
REITs |
| Number of ETFs Holding ABR: |
47 (see which ones) |
| Total Market Value Held by ETFs: |
$545,650,898.74 |
| Total Market Capitalization: |
$2,251,000,000 |
| % of Market Cap. Held by ETFs: |
24.24% |
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