Arbor Realty Trust, Inc. (NYSE:ABR) Q2 2023 Earnings Call Transcript

Ivan Kaufman: All I can say is they didn’t properly understand the company, when they shorted the stock, the information, as we have then talked about on the calls before, was inaccurate. And on the face of it is all of the analysts, everybody made no sense. So, I think whatever they did, they have made a tremendous error in their analysis. I mean our performance has certainly been contrary to all their comments. And more significantly, they just didn’t understand the fundamentals of our company relative to our peers. But Paul, if you have any comment on that?

Paul Elenio: No, I think that’s it. I mean I don’t know who is shorting the stock. I am not involved in who is shorting it. But I don’t know what their thinking is, but a lot of times, these are just financial odd place and they work or they don’t, but we just continue to do what we do, continue to perform really well, and the results of our performance will be what they are for those people.

Leon Cooperman: Congratulations on your performance. I am a pleased shareholder. Thank you very much and good luck.

Ivan Kaufman: Thanks Leon.

Operator: Thank you. At this time, I would like to turn the call back to Ivan Kaufman for any closing remarks.

Ivan Kaufman: Sure. Well, thank you everybody for participating on the call and being shareholders of the company. We once again had an extraordinary quarter, raising our dividend, having great distribute – great earnings and are very prepared to manage through the rest of the year. And everybody have a great weekend. Take care.

Paul Elenio: Thanks everyone.

Operator: Thank you. This does conclude the second quarter 2023 Arbor Realty Trust earnings conference call. You may disconnect at this time and have a wonderful day.