Professional
Added to YB: 2023-12-04
Pitch date: 2023-11-29
ABR [bearish]
Arbor Realty Trust, Inc.
+22.62%
current return
Author Info
Viceroy Research is an independent investigative research group. Since 2016, we’ve published in-depth reports on companies around the world, identifying signs of financial misrepresentation, mismanagement, and corporate misconduct. Sign up for the newsletter.
Company Info
Arbor Realty Trust, Inc. invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States.
Market Cap
$2.3B
Pitch Price
$9.65
Price Target
N/A
Dividend
10.20%
EV/EBITDA
N/A
P/E
12.99
EV/Sales
N/A
Sector
Mortgage Real Estate Investment Trusts (REITs)
Category
turnaround
Viceroy Research update on Arbor short thesis
ABR: CLO data shows 40-50% delinquency spike, short-term becoming long-term. All CLOs at record low DSCR, portfolio underwater. Viceroy short: distressed loans, inflated collateral, maturing loans can't refi. Sees $0 value in sector plagued by bad decisions.
Read full article (2 min)