1 unchanged sentence
Market Information
−Removed: Our common stock is listed on the New York Stock Exchange (“NYSE”) under the symbol “ABR.” On February 8, 2023, there were 126,854 record holders of our common stock, including persons holding shares in broker accounts under street names.
+Added: Our common stock is listed on the New York Stock Exchange (“NYSE”) under the symbol “ABR.” On February 2, 2024, there were approximately 136,882 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 our REIT-taxable income.
2 unchanged sentences
This information will be contained in our definitive proxy statement for the 2024 Annual Meeting of Stockholders, to be filed within 120 days following the end of our fiscal year and is incorporated herein by reference.
+Added: Purchases of Equity Securities by the Issuer and Affiliated Purchasers
+Added: The following table sets forth all purchases made by or on behalf of us or any “affiliated purchaser,” as defined in Rule 10b-18(a)(3) under the Exchange Act, of shares of our common stock during each of the indicated periods.
+Added: Period Total Number of Shares Purchased (1)
+Added: Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares That May Yet Be Purchased Under the Publicly Announced Plans or Programs
+Added: October 1, 2023 to October 31, 2023 — $ — — —
+Added: November 1, 2023 to November 30, 2023 104,919 12.18 — —
+Added: December 1, 2023 to December 31, 2023 — — — —
+Added: 104,919 $ 12.18 —
+Added: (1) These shares were purchased by certain affiliated purchasers of ours and we have not repurchased any shares under our share repurchase program during the fourth quarter of 2023.
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 and the NAREIT Mortgage REITs Index for the five-year period from December 31, 2017 to December 31, 2022.
+Added: The graph below compares the cumulative total stockholder return for our common stock with the Russell 2000 Index, the NAREIT Mortgage REITs Index and the NAREIT All REITs Index for the five-year period from December 31, 2018 to December 31, 2023.
The graph assumes a $100 investment on January 1, 2019, and the reinvestment of any dividends.
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Period Ending
+Added: Index 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23
Arbor Realty Trust, Inc 100.00 155.27 170.87 238.23 188.93 245.93
+Added: Russell 2000 100.00 125.52 150.58 172.90 137.56 160.85
FTSE Nareit Mortgage REITs 100.00 121.33 98.56 113.97 83.64 96.48
2 unchanged sentences
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.