(RTTNews) - Arbor Realty Trust, Inc. (ABR) reported net income for the fourth quarter of $59.8 million, or $0.32 per share, compared to net income of $91.7 million, or $0.48 per share, prior year. Distributable earnings was $81.6 million, or $0.40 per share, compared to $104.1 million, or $0.51 per share, a year ago. Analysts on average expected the company to report profit per share of $0.41, for the quarter. Analysts' estimates typically exclude special items.
Net interest income declined to $82.9 million from $103.6 million, a year ago. Total other revenue was $68.8 million compared to $85.3 million.
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