1 unchanged sentence
Market Information
−Removed: Our common stock is listed on the New York Stock Exchange ("NYSE") under the symbol "ABR." On February 6, 2020, there were 56,687 record
−Removed: holders of our common stock, including persons holding shares in broker accounts under street names.
−Removed: are organized and conduct our operations to qualify as a REIT, which requires that we distribute at least 90% of taxable income.
−Removed: No assurance, however, can be given as to the amounts
−Removed: or timing of future distributions as such distributions are subject to our taxable earnings, financial condition, capital requirements and such other factors as our Board of Directors deems relevant.
+Added: Our common stock is listed on the New York Stock Exchange (“NYSE”) under the symbol “ABR.” On February 11, 2021, there were 72,621 record holders of our common stock, including persons holding shares in broker accounts under street names.
+Added: We are organized and conduct our operations to qualify as a REIT, which requires that we distribute at least 90% of taxable income.
+Added: No assurance, however, can be given as to the amounts or timing of future distributions as such distributions are subject to our taxable earnings, financial condition, capital requirements and such other factors as our Board of Directors deems relevant.
Equity Compensation Plan Information
−Removed: The following table presents information as of December 31, 2019 regarding the 2017 Amended Omnibus Stock Incentive Plan, as amended and
−Removed: restated (the "2017 Plan"), which is our only equity compensation plans.
−Removed: Plan Category
+Added: The following table presents information as of December 31, 2020 regarding the 2020 Amended Omnibus Stock Incentive Plan, as amended and restated (the “2020 Plan”), which is our only equity compensation plan.
Number of Securities
−Removed: to be Issued Upon
−Removed: Outstanding Options,
−Removed: Warrants and Rights
Weighted Average
+Added: to be Issued Upon
Exercise Price of
+Added: Outstanding Options,
Options, Warrants
Available for
+Added: Plan Category
+Added: Warrants and Rights
Future Issuance
Equity compensation plans approved by security holders:
+Added: 2020 Plan (1)
Equity compensation plans not approved by security holders
+Added: (1) On June 3, 2020, the stockholders authorized the issuance of an additional 5,000,000 shares of our common stock to be used for grants under the 2020 Plan.
Stockholder Return
−Removed: The graph below compares the cumulative total stockholder return for our common stock with the Russell 2000 Index, the NAREIT All REITs Index
−Removed: and the FTSE NAREIT Mortgage REITs Index for the five year period from December 31, 2014 to December 31, 2019.
−Removed: The graph assumes a $100 investment on January 1, 2015 and the
−Removed: reinvestment of any dividends.
+Added: The graph below compares the cumulative total stockholder return for our common stock with the Russell 2000 Index, the NAREIT All REITs Index and the FTSE NAREIT Mortgage REITs Index for the five year period from December 31, 2015 to December 31, 2020.
+Added: The graph assumes a $100 investment on January 1, 2016 and the reinvestment of any dividends.
This graph is not necessarily indicative of future stock price performance.
−Removed: The information included in the graph and table below was obtained from S&P Global Market
−Removed: Intelligence.
−Removed: Total Return Performance
+Added: The information included in the graph and table below was obtained from S&P Global Market Intelligence.
Period Ending
3 unchanged sentences
FTSE NAREIT Mortgage REITs Index
−Removed: accordance with SEC rules, this "Stockholder Return" section shall not be incorporated by reference into any of our future filings under the Securities Act or the Exchange Act, and
−Removed: shall not be deemed to be soliciting material or to be filed under the Securities Act or the Exchange Act.
+Added: In accordance with SEC rules, this “Stockholder Return” section shall not be incorporated by reference into any of our future filings under the Securities Act or the Exchange Act, and shall not be deemed to be soliciting material or to be filed under the Securities Act or the Exchange Act.
Selected Financial Data
−Removed: The following selected historical consolidated financial data should be read in conjunction with "Management's Discussion and Analysis of
−Removed: Financial Condition and Results of Operations" and our historical consolidated financial statements and related notes included in this report ($ in thousands, except per share data).
−Removed: Year Ended December 31,
−Removed: Operating Data:
−Removed: Net interest income
−Removed: Total other revenue
−Removed: Total other expenses
−Removed: Total other gains (losses), net
−Removed: Provision for income taxes
−Removed: Preferred stock dividends
−Removed: Net income attributable to common stockholders
−Removed: Income per share, basic
−Removed: Income per share, diluted
−Removed: Dividends declared per common share
−Removed: Balance Sheet Data:
−Removed: Loans and investments, net
−Removed: Redeemable preferred stock
−Removed: Year Ended December 31,
−Removed: Loan Volume Data:
−Removed: Structured Business Originations
−Removed: New loan originations
−Removed: Loan payoffs / paydowns
−Removed: Agency Business Originations
−Removed: Private Label
−Removed: Total loan commitment volume
−Removed: Year Ended December 31,
−Removed: Agency Business Loan Sales
−Removed: Sales margin (fee-based services as a % of loan sales)
−Removed: MSR rate (MSR income as a % of loan commitments)
−Removed: Funds from operations(3)
−Removed: Adjusted funds from operations(3)
−Removed: Funds from operations per share, diluted(3)
−Removed: Adjusted funds from operations per share, diluted(3)
−Removed: 2016 information includes the operating results and financial data of the Acquisition, which was completed on July 14, 2016.
−Removed: See Note 21 for
−Removed: details of the operating results and financial data pertaining to the Agency Business.
−Removed: sales were $1.91 billion for 2016, including loans that were acquired as part of the Acquisition.
−Removed: Non-GAAP Financial Measures below for definitions and calculations of funds from operations and adjusted funds from operations.
+Added: Omitted pursuant to amendments to Item 301 of Regulation S-K effective February 10, 2021.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.