Other Information
+Added: Share Repurchases.
We have a share repurchase program providing for the repurchase of up to $150.0 million of our outstanding common stock.
The repurchase of our common stock may be made from time to time in the open market, through privately negotiated transactions, or otherwise in compliance with Rule 10b-18 and Rule 10b5-1 under the Exchange Act, based on our stock price, general market conditions, applicable legal requirements and other factors.
−Removed: At March 31, 2026, there was $105.9 million available for repurchase under this program.
+Added: At June 30, 2026, there was $85.2 million available for repurchase under this program.
The program may be discontinued or modified at any time.
2 unchanged sentences
Period Total Number of Shares Purchased Average Price Paid Per Share (1) Total Number of Shares Purchased as Part of a Publicly Announced Program Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program
−Removed: January 1 - 31, 2026 410,173 $ 7.67 410,173 $ 133,440
−Removed: February 1 - 28, 2026 2,034,687 7.32 2,034,687 $ 118,541
−Removed: March 1 - 31, 2026 1,673,041 7.58 1,673,041 $ 105,851
+Added: April 1 - 30, 2026 9,262 $ 7.32 9,262 $ 105,899
+Added: May 1 - 31, 2026 2,841,893 5.96 2,841,893 $ 88,970
+Added: June 1 - 30, 2026 699,536 5.41 699,536 $ 85,188
3,550,691 $ 5.85 3,550,691
+Added: ________________________
+Added: (1) Excludes broker commission fees.
+Added: Supplement to U.S.
+Added: Federal Income Tax Considerations.
+Added: The following summary of certain U.S.
+Added: federal income tax considerations supplements the discussion set forth under the heading “U.S.
+Added: Federal Income Tax Considerations” in the shelf registration statement on Form S-3ASR filed with the Securities and Exchange Commission on May 3, 2024, including the base prospectus dated as of May 3, 2024 (the “Prospectus”), as amended under the heading “Risk Factors” in our Annual Reports on Form 10-K for the years ended December 31, 2024 and December 31, 2025, and is subject to the qualifications set forth therein.
+Added: Capitalized terms used but not defined herein have the meanings set forth in the Prospectus.
+Added: The following summary is for general information only and is not tax advice.
+Added: This discussion does not purport to deal with all aspects of taxation that may be relevant to our shareholders in light of their personal investment or tax circumstances.
+Added: The OBBBA modified certain disclosures under “U.S.
+Added: Federal Income Tax Considerations” in the Prospectus.
+Added: Please see below for a brief description of these modifications.
+Added: • As described in the Prospectus, stockholders that are individuals, trusts or estates are generally entitled to a deduction equal to 20% of the aggregate amount of ordinary income dividends received from a REIT (not including capital gain dividends or dividends eligible for the reduced rates applicable to “qualified dividend income”), subject to certain limitations.
+Added: Although originally scheduled to expire for taxable years beginning on or after January 1, 2026, the legislation made this 20% deduction permanent;
+Added: • The limitation on a REIT’s ownership of TRS securities has been increased from 20% to 25% of the REIT’s total assets, effective for taxable years beginning after December 31, 2025.
Incorporated by Reference
17 unchanged sentences
101 Financial statements from the Quarterly Report on Form 10-Q of Arbor Realty Trust, Inc.
−Removed: for the quarter ended March 31, 2026, filed on May 8, 2026, formatted in Inline Extensible Business Reporting Language (“XBRL”):
−Removed: (1) the Consolidated Balance Sheets, (2) the Consolidated Statements of Income, (3) the Consolidated Statements of Changes in Equity, (4) the Consolidated Statements of Cash Flows and (5) the Notes to Consolidated Financial Statements.
+Added: for the quarter ended June 30, 2026, filed on July 31, 2026, formatted in Inline Extensible Business Reporting Language (“XBRL”):
+Added: (1) the Consolidated Balance Sheets, (2) the Consolidated Statements of Operations, (3) the Consolidated Statements of Changes in Equity, (4) the Consolidated Statements of Cash Flows and (5) the Notes to Consolidated Financial Statements.
104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)
3 unchanged sentences
ARBOR REALTY TRUST, INC .
+Added: July 31, 2026
/s/ Ivan Kaufman
Chief Executive Officer
+Added: July 31, 2026
/s/ Paul Elenio
1 unchanged sentence
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.