Company Highlights:
Diversified operating platform with a multifamily focus that continues to produce strong distributable earnings and dividends in all cycles GAAP net income of $0.55 and distributable earnings of $0.52 per diluted common share1Raised cash dividend on common stock to $0.34 per share, or 13.3% higher than a year ago, representing our fourth consecutive quarterly increaseGenerated pretax income of $22.5 million from our residential mortgage banking joint ventureRaised $158 million of accretive growth capital through the issuance of common shares
Agency Business:
Segment income of $35.3 millionLoan originations of $1.40 billion and a servicing portfolio of $25.46 billion
Structured Business:
Segment income of $43.9 millionPortfolio growth of 14% on $1.09 billion of loan originationsClosed a $785 million collateralized securitization vehicle
Recent Development
Raised an additional $175 million of accretive growth capital through the issuance of 5.00% senior unsecured notes due in 2026
UNIONDALE, N.Y.