UNIONDALE, N.Y. (AP) _ Arbor Realty Trust (ABR) on Friday reported third-quarter profit of $83.9 million.
The Uniondale, New York-based company said it had net income of 72 cents per share. Earnings, adjusted for one-time gains and costs, were 50 cents per share.
The real estate investment trust posted revenue of $81.7 million in the period.
Arbor Realty Trust shares have dropped 19% since the beginning of the year. The stock has dropped 14% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABR at https://www.zacks.com/ap/ABR
Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News