ABR - Arbor Realty Trust
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$5.00
DETAILS
HIGH:
$5.00
LOW:
$5.00
MEDIAN:
$5.00
CONSENSUS:
$5.00
DOWNSIDE:
2.91%
AlphaVal
Deterministic, archetype-aware fair value
Real Estate Investment Trust
85% confidence
Primary model: P/FFO × Default REIT Multiple
Adjust Assumptions
22.1x
$
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