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Arbor – January CLO Update

Author: Published on: Published in: Arbor Realty Trust (NYSE:ABR)

January 22, 2024 – Arbor’s underlying CLO performance data for January 2024 is now live. 107 of Arbor’s CLO loans are now delinquent, representing a 50% growth in the number of delinquencies month-on-month and almost a quarter of Arbor’s CLO book.

Delinquent deals represent almost $2b in Arbor deal value, out of a $7.6b CLO book.

In January, debt service coverage data has also been updated. The weighted NOI of Arbor deals has continued to fall relative to debt servicing costs.

This surveillance report will track Arbor’s underlying asset delinquencies and debt service coverage ratios (DSCR), which now show clear and dangerous negative trends to the downside.

 

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