Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
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.
We are organized and conduct our operations to qualify as a REIT, which requires that we distribute at least 90% of taxable income. 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
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
Weighted Average
Number of
to be Issued Upon
Exercise Price of
Securities
Exercise of
Outstanding
Remaining
Outstanding Options,
Options, Warrants
Available for
Plan Category
Warrants and Rights
and Rights
Future Issuance
Equity compensation plans approved by security holders:
2020 Plan (1)
–
N/A
5,380,635
Equity compensation plans not approved by security holders
N/A
N/A
N/A
Total
–
N/A
5,380,635
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(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
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. 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. The information included in the graph and table below was obtained from S&P Global Market Intelligence.
Period Ending
Index
12/31/2015
12/31/2016
12/31/2017
12/31/2018
12/31/2019
12/31/2020
Arbor Realty Trust, Inc.
100.00
113.81
144.09
187.38
290.80
320.00
Russell 2000 Index
100.00
121.31
139.08
123.76
155.35
186.36
NAREIT All REIT Index
100.00
109.28
119.41
114.51
146.66
138.06
FTSE NAREIT Mortgage REITs Index
100.00
122.85
147.16
143.45
174.05
141.38
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.
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Item 6. Selected Financial Data
Omitted pursuant to amendments to Item 301 of Regulation S-K effective February 10, 2021.