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Realty investment company posts $40M annual loss

Arbor Realty Trust

Arbor Realty Trust Photo Credit: Handout

Uniondale-based Arbor Realty Trust Inc., which specializes in real estate-related loan investments, reports a loss for the year ended Dec. 31 of $40.3 million, or $1.61 per diluted common share.

That compares to a 2010 profit of $112.9 million, or $4.39 per diluted common share, Arbor said in its annual report, issued Friday.

Arbor's shares were unchanged, at $4.75, in light trading early Friday. Its price has ranged from $3.19-$6.85 over the past 52 weeks

The real estate investment trust focuses its investments on real estate-related bridge and mezzanine loans, equity investments, mortgage-related securities and related assets.

In its report, Arbor highlighted some achievements during 2011, saying it:

• Originated 30 new loans totaling $206.5 million

• Bought eight mortgage-backed securities totaling $36.4 million

• Authorized two stock repurchase plans totaling up to 2 million shares and repurchased 1.5 million of those shares in 2011.

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