This stock yields 9.27%, with a trailing 72.47% Dividend Payout Ratio. It will benefit from higher rates. Its diversified business model is working well, with good growth in Q1 '22 and full year 2021.
It has outperformed the S&P by 10% in 2022.
ABR is an internally managed major U.S. real estate lender, classified as a Mortgage REIT. However, it has a versatile and unique business model. It's a multifamily-centric operating platform, consisting of 3 primary business platforms: Balance sheet loan origination; GSE/Agency loan origination; and Mortgage Servicing, MSR's. It has a $14B investment portfolio, and a $27B servicing portfolio, with a weighted average servicing fee of 46 basis points and an estimated remaining life of ~8.5 years.
Source: Seeking Alpha
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9% Yield, Good Q1 2022 Growth, Benefits From Higher Rates
Posted by D4L | Wednesday, June 15, 2022 | ArticleLinks | 0 comments »________________________________________________________________
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