Arbor Realty Trust
Arbor Realty Trust’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, down 15.0% from fiscal 2024. In the quarter to June 2026, revenue fell 2.77%, EPS fell 266.7%, free cash flow grew 172.8% and total debt rose 3.30%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Arbor Realty Trust (ABR) Piotroski F-score
Arbor Realty Trust's Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, down from 5 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | (1.00) |
| FY2024 | 5 | 0.00 |
| FY2023 | 5 | (1.00) |
| FY2022 | 6 | 1.00 |
| FY2021 | 5 | (1.00) |
| FY2020 | 6 | 4.00 |
| FY2019 | 2 | (3.00) |
| FY2018 | 5 | 0.00 |
| FY2017 | 5 | 1.00 |
| FY2016 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 0.77% | 1.53% | Pass | 1 |
| Positive operating cash flow | 372.38m | 461.52m | Pass | 1 |
| Rising return on assets | 0.77% | 1.53% | Fail | 0 |
| Cash flow above net income | 264.95m | 238.25m | Pass | 1 |
| Falling long-term leverage | 0.42 | 0.42 | Fail | 0 |
| Rising current ratio | 394.59 | 37.49 | Pass | 1 |
| No new shares issued | 192,956,200 | 188,701,200 | Fail | 0 |
| Rising gross margin | 25.43% | 30.35% | Fail | 0 |
| Rising asset turnover | 0.09 | 0.10 | Fail | 0 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| ADAM Adamas Trust, Inc. compare | 8 |
| FBRT Franklin BSP Realty Trust, Inc. compare | 6 |
| IVR INVESCO MORTGAGE CAPITAL INC compare | 6 |
| BRSP BrightSpire Capital, Inc. compare | 5 |
| TRTX TPG RE Finance Trust, Inc. compare | 5 |
| ABR Arbor Realty Trust | 4 |
| PMT PennyMac Mortgage Investment Trust compare | 3 |
| RWT Redwood Trust, Inc. compare | 2 |
| MFA MFA Financial, Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover