TODAY'S PAPER
39° Good Morning
39° Good Morning
Business

Arbor Realty reports $129M 2Q net income

Arbor Realty Trust Inc.,UniondaleReal estate investment trust

Net incomE: Profit of $129.1 million, compared with loss of $48.6 million in the same period last year

OutlooK: In a conference call with analysts, chief executive Ivan Kaufman said, "We believe that there may be some more opportunities for us to repurchase our debt at discounts going forward, and we will continue to evaluate these transactions based on availability, pricing and liquidity."

Company statemenT: "We are extremely pleased with our ability during this unprecedented crisis to restructure a significant amount of our balance sheet."

More news