Arbor Realty Trust logo ABR - Arbor Realty Trust

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 5
HOLD 5
SELL 2
STRONG
SELL
0
| PRICE TARGET: $5.00 DETAILS
HIGH: $5.00
LOW: $5.00
MEDIAN: $5.00
CONSENSUS: $5.00
DOWNSIDE: 2.91%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Real Estate Investment Trust 85% confidence

Primary model: P/FFO × Default REIT Multiple

Valuation Signal Undervalued Strong
Trading 73.9% below fair value
Current Price $5.15
Bear Case $16.27 216.0% upside ($16.27 - $5.15) / $5.15 = 216.0% $0.89 FFO × 18x
Fair Value $19.76 283.7% upside ($19.76 - $5.15) / $5.15 = 283.7% $0.89 FFO × 22x
Bull Case $23.25 351.4% upside ($23.25 - $5.15) / $5.15 = 351.4% $0.89 FFO × 26x

Adjust Assumptions

22.1x
0.89$

Key Value Driver

FFO/share ($0.89) × default P/FFO multiple

Implied Market Multiple 5.8x

Plain-Language Summary

At $0.89 FFO/share with a 22x default REIT multiple, the base-case value is $19.76 per share. Dividend yield: 18.3%. DDM cross-check: $17.52.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (12 analysts) $5.00
Analyst Range $5.00 – $5.00
Divergence from AlphaVal 295%

Warnings

Standard profit figures are misleading for real estate companies — large non-cash accounting charges make profits look artificially low. Dividend yield and funds from operations are better measures.
Dividend yield of 18.3% is unusually high — make sure the company generates enough cash to keep paying it.
Wall Street's average price target is $5.00 (from 12 analysts). Our estimate is 295% above the consensus -- consider that gap carefully.

Key Risks

  • P/E and EV/EBITDA are structurally wrong for REITs — use P/FFO and NAV
  • Interest rate sensitivity: REIT multiples compress when rates rise
  • FFO approximation (NI + D&A) may include gains on property sales — verify