Arbor Realty Trust · NYSE:ABR
Arbor Realty Trust — Investor Presentation (October 2026)
21 slides from Arbor Realty Trust's investor presentation, Oct 30, 2026
Slide 1: Arbor Realty Trust, Inc. Investor Presentation
eee i f \ IE : | 4 Arbor Realty Trust, Inc. Investor Presentation October 2026
Slide 2: Legal Disclosures
| Legal Disclosures This presentation and the information contained herein (together, this “Presentation”) are for the benefit of the stockholders of Arbor Realty Trust, Inc. (together with its direct and indirect subsidiaries, “we,” “us,” “our,” “Arbor,” or the “Company”). This Presentation is sole
Slide 3: Arbor is a Leading Commercial Mortgage REIT with a Differentiated Business Model
Arbor is a Leading Commercial Mortgage REIT with a Differentiated Business Model Multiple revenue opportunities across borrower’s life cycle Bridge and GSE loan © Arbor Realty Trust is an internally-managed mortgage REIT A ae mezzanine loans origination with a premium operating platform and unique b
Slide 4: Arbor has a 40+ Year Track Record of Excellence in the Multifamily Lending Sector
Arbor has a 40+ Year Track Record of Excellence in the Multifamily Lending Sector Arbor National Mortgage founded by Ivan Arbor Commercial We believe Arboris the only commercial ACM receives Freddie Mac Seller/Servicer designation and Kaufman. The Mortgage (ACM) ‘ACM obtains mortgage REIT to becomes
Slide 5: We Believe Arbor is the Only Multifamily Mortgage Lender to Survive the Great Financial Crisis
We Believe Arbor is the Only Multifamily Mortgage Lender to Survive the Great Financial Crisis Peer group pre-GFC eline Peer group post-GFC | Arbor pays down approximately $189M in warehouse and term debt outstanding, and successfully restructures all outstanding Trust Preferred Securities ‘Wa ARBOR
Slide 6: Best-in-Class, Highly Aligned Management Team
| Best-in-Class, Highly Aligned Management Team V) Internalized, highly aligned management team with ee fieanenmnerst in V) Deep bench of talented employees V) Industry-leading expertise with deep-rooted _ a . Best-in-class underwriting and origination capabilities relationships across commercial re
Slide 7: Arbor has Two Distinct Yet Complementary Business Lines
| Arbor has Two Distinct Yet Complementary Business Lines Structured Business Agency Business Originate, sell, and service real estate loans for GSEs = Short-term assets: Loans held-for-sale! = Long-term assets: Capitalized mortgage servicing Originate real estate loans and hold on balance sheet Inv
Slide 8: Arbor's Adaptable Originations Platform Drives Industry-Leading Performance
Arbor’s Adaptable Originations Platform Drives Industry- Leading Performance ~$6.8B leBridge APL mGSE/Agency j= Mezz/PE mSFR' mAPC Average Duration = GSE/Agency — Predominately five to ten-year fixed-rate loans; includes long-dated prepayment protected servicing income creating a significant annual
Slide 9: Arbor has the Leading Nationwide Agencies Origination and Servicing Platform
Arbor has the Leading Nationwide Agencies Origination and Servicing Platform Total Agency Originations ($B) Agency Servicing Portfolio ($B) Fannie Mae ™ Freddie Mac © FHA ® Conduit © Private Label = SFR ™Fannie Mae m Freddie Mac FHA m@ Bridge © Private Label © SFR 6.7 * $6.4 15 $5.1 $5.1 4. 4.8 Gap
Slide 10: Annuity-Based Business Model Drives Diversified Income Streams
Annuity-Based Business Model Drives Diversified Income Streams I Si ican Dated, Predictable Annual Cash Flow: 9 hed WEG), Income Sources $185M $78M Gain on Sale $127M $128M $122M mEquity Investments $81M Structured Net $44M Servicing Revenue Interest Income Cash/Escrow Earnings 10/1/2025 10/1/2026 1
Slide 11: Equity and Book Value Growth
Equity and Book Value Growth e Over the past 6 years, total equity increased © BVPS increased 18% to $10.92 alongside 63% by $1.3B despite recording ~$440M of common equity growth reserves/losses during this extended downturn Well ahead of peer group, which is down 34% Equity ($M) and Book Value per
Slide 12: Extensive Capital Market Reach Over the Past 3 1/2 Years
Extensive Capital Market Reach Over the Past 3 1/2 Years ~$12.4B of Capital Markets Execution e Across legacy CLO redemptions and new capital market transactions since 12/31/22 Ability to Unwind CLOs & Create Liquidity sm 10,000 8,867 8,000 6,000 4,000 2,000 4,141 ma 12/31/22 (7 CLOs) Current (1 CLO
Slide 13: Focus on Preserving and Building Liquidity
Focus on Preserving and Building Liquidity Four incremental actions create $300M of liquidity ahead of the March 2027 maturity Illustrative Liquidity Bridge ($M) $300M of incremental liquidity actions +$150 $700 $400 Current Liquidity Loan Payoffs Dividend Additional REO Dispositions PF Mar-27 Liqui
Slide 14: Key Investment Highlights
Key Investment Highlights Highly diversified capital structure and liquidity Focused on the resilient multifamily lending market Arbor benefits from strong momentum on key priorities Annuity-based business model drives diversified income streams Adaptable originations platform enables pursuit of mos
Slide 15: Arbor's Loan Portfolio is Focused on the Highly Stable, Liquid and Resilient Multifamily Market
Arbor’s Loan Portfolio is Focused on the Highly Stable, Liquid and Resilient Multifamily Market LOAN TYPE Mezz 3% V) Primary focus on stable multifamily senior loans Bridge 93% Pref Eq Generates strong leveraged returns ° 2% APC 2% VY) Geographically diversified ASSET CLASS Balance sheet business dr
Slide 16: Arbor is Focused on Accelerating the Resolution of Non-Performing Assets
Arbor is Focused on Accelerating the Resolution of Non-Performing Assets Continue to make progress, despite the significant change in landscape from the recent spike in interest rates, to reduce the significant drag on earnings. Non-Performing Assets - 2025-2026 ($in 000s) Delinquency Rollforward 40
Slide 17: Arbor Maintains a High-Quality Loan Portfolio With Active Risk Management
Arbor Maintains a High-Quality Loan Portfolio With Active Risk Management to Mitigate Potential Loan Losses Experienced Team w | Aggressive approach to portfolio management and, when necessary, taking over assets to stabilize projects @ Partner with strong sponsors with track record of success and m
Slide 18: Highly Diversified Capital Structure
Highly Diversified Capital Structure Enterprise Value : $13.4B Warehouse & repo CRE CLOs $3.07B Common equity $2.01B Senior unsecured nokse $1.61B CLO repurchase facility iil $1.32B prefered ses7m committee $588M conan fl o> Trust preferred l $154M LONG-DATED SECURITIZED / CLO-LIKE DEBT CRE CLO plat
Slide 19: Unencumbered Asset Pool is Comprised of High-Quality Assets
Unencumbered Asset Pool is Comprised of High-Quality Assets Unencumbered Asset Pool Composition Other assets* 13% Investments in equity affiliates 3% Securities 6% $2.8B Net MSRs 9% Mezzanine & preferred loans Unrestricted cash ad 16% 1st mortgage loans 10% CLO equity 29% Total Unencumbered Signific
Slide 20: Arbor has Generated Strong Financial Results Over the Last Years
Arbor has Generated Strong Financial Results Over the Last 5 Years YTD (Amounts in 000s, except per share amounts) 2021 2022 2023 2024 Net interest income 254,082 390,784 $s 427,991 $ 363,258 $ 150,614 Servicing revenue 166,170 196,570 208,278 202,819 190,729 135,874 Gain on sale, incl. fee based se
Slide 21: Historical Reconciliation of Distributable Earnings to GAAP
Historical Reconciliation of Distributable Earnings to GAAP Net Income (Loss) ar Ended YTD (Amounts in 000s, except per share amounts) 2021 2022 2023 2024 2025 | Sep-26 | Net income (loss) - common stockholders § 317,412 $ 284,829 $ 330,065 Adjustments: Net income (loss) - noncontrolling interest 38
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