Arbor Realty Trust logo ABR - Arbor Realty Trust

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 4
HOLD 6
SELL 2
STRONG
SELL
0
| PRICE TARGET: $3.50 DETAILS
HIGH: $3.50
LOW: $3.50
MEDIAN: $3.50
CONSENSUS: $3.50
UPSIDE: 21.95%
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 85.5% below fair value
Current Price $2.87
Bear Case $16.27 467.1% upside ($16.27 - $2.87) / $2.87 = 467.1% $0.89 FFO × 18x
Fair Value $19.76 588.6% upside ($19.76 - $2.87) / $2.87 = 588.6% $0.89 FFO × 22x
Bull Case $23.25 710.1% upside ($23.25 - $2.87) / $2.87 = 710.1% $0.89 FFO × 26x

Adjust Assumptions

22.1x
0.89$

Key Value Driver

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

Implied Market Multiple 3.2x

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: 32.8%. 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) $3.50
Analyst Range $3.50 – $3.50
Divergence from AlphaVal 465%

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 32.8% is unusually high — make sure the company generates enough cash to keep paying it.
ℹ Wall Street's average price target is $3.50 (from 12 analysts). Our estimate is 465% 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