Jul. 9 at 11:02 PM
$ABR Why remain calm, don't let shorts noise scare you, hold your horse here: (1) Big, recurring cash engines: Arbor has a
$12B structured loan book and a
$36B+ agency servicing portfolio, throwing off stable servicing and escrow income even while legacy assets hurt earnings. Shorts are myopic on this and forget this robust business pillar (2) Non‑performing assets are ring‑fenced: non‑performing assets are ~8% of the portfolio and they’ve reduced them by about
$100M (9%) in one quarter, with a detailed plan to resolve
$480M of delinquencies and
$520M of REO in 2026. (3) They’re taking the pain now, not hiding it: Dividend slashed to
$0.17 to match lower earnings. Ongoing realized losses and REO impairments are being run through the P&L instead of kicking down the road. (4) Focus is on successfully converting the
$1B asset pile into cash and performing loans. Seeing some of these high end assets -increases my confidence level they will be successful.
