Earnings Call Excerpt
Arbor Realty Trust, Inc. (ABR)
Q3 2009 Earnings Call
November 6, 2009 10:00 am ET
Executives
Paul Elenio – Chief Financial Officer
Ivan Kaufman – President and Chief Executive Officer
Analysts
David Fick - Stifel Nicolaus & Company, Inc.
[Michael Petrolock] – Individual Investor
Presentation
Operator
Good day ladies and gentlemen, and welcome to the third quarter 2009 Arbor Realty Trust earnings conference call. My name is [Shoquana] and I will be your coordinator for today. (Operator Instructions)
I would now like to turn the presentation over to your host for today’s call, Mr. Paul Elenio, Chief Financial Officer for Arbor Realty Trust. Please proceed sir.
Paul Elenio
Okay. Thank you Shoquana, and good morning everyone and welcome to the quarterly earnings call for Arbor Realty Trust. This morning we will discuss the results for the quarter ended September 30, 2009. With me on the call today is Ivan Kaufman, our President and Chief Executive Officer.
Before we begin I need to inform you that statements made in this earnings call may be deemed forward-looking statements that are subject to risks and uncertainties including information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives. These statements are based on our beliefs, assumptions and expectations of our future performances, taking into account the information currently available to us. Factors that could cause actual results to differ materially from Arbor’s expectations in these forward-looking statements are detailed in our SEC reports. Listeners are cautioned not to place undue reliance on these forward-looking statements which speak only as of today. Arbor undertakes no obligation to publicly update or revise these forward-looking statements to reflect events or circumstances after today, or the occurrences of unanticipated events.
I’ll now turn the call over to Arbor’s President and CEO, Ivan Kaufman.
Ivan Kaufman
Thank you Paul and thanks everyone for joining us on today’s call. Before Paul takes you through the quarterly results, I would like to talk about our views of the market and the strategy and approach we are taking in this difficult environment.
We continue to navigate through this ongoing economic downturn as the market remains severely dislocated with significant liquidity issues throughout our sector. This environment has clearly affected every borrower and real estate values in the personal asset classes and geographic locations. As we have said repeatedly, we are not expecting the situation to improve any time soon and feel that there will be an increase in delinquencies for the remainder of the year which will result in additional losses throughout our sector. Therefore, our total focus remains on preserving liquidity and aggressively managing our portfolio and financial resources.
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