ABR ARBOR REALTY TRUST INC

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 2/4 quarters. Q3 2025: $0M, Q3 2024: $0M, Q2 2024: $28M, Q1 2023: $10M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $0M vs trailing avg $12M (-100%)

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Negative FCF ($-599M), cannot compute buyback ratio

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 2,242,500 shares = 1.6% of 189,259,435 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

64 open-market purchases by 6 insiders

• Green William C () bought 12,800 shares at $9.02 on 2025-11-28
• Friedman David Erwin (CCO & Head of Non-Agcy Prod) bought 2,508 shares at $8.30 on 2025-11-17
• LAZAR MELVIN F () bought 5,000 shares at $8.28 on 2025-11-17
• KAUFMAN IVAN (COB, CEO and President) bought 29,000 shares at $8.34 on 2025-11-17
• KAUFMAN IVAN (COB, CEO and President) bought 25,000 shares at $9.10 on 2025-11-13
• Green William C () bought 13,821 shares at $9.45 on 2025-06-03
• Friedman David Erwin (CCO & Head of Non-Agcy Prod) bought 1,250 shares at $8.60 on 2025-05-22
• Friedman David Erwin (CCO & Head of Non-Agcy Prod) bought 125 shares at $8.75 on 2025-05-22
• Friedman David Erwin (CCO & Head of Non-Agcy Prod) bought 2,500 shares at $8.79 on 2025-05-22
• Friedman David Erwin (CCO & Head of Non-Agcy Prod) bought 625 shares at $8.80 on 2025-05-22

Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 2 of 4 quarters

• Q2 2024: Green William C bought while company spent $28M
• Q1 2023: Green William C bought while company spent $10M

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $7M, sold $2M (net buying)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

No buyback-insider divergence detected