<ul>
<li>想知道 Arbor Realty Trust 当前约 $8.87 的股价是被低估的机会还是价值陷阱吗？让我们来分析一下这些数字到底在说什么。</li>
<li>尽管在过去 7 天内小幅上涨 0.2%，但股价在过去 30 天内仍下跌 3.8%，年初至今下跌 35.6%，过去一年下跌 30.6%，五年内仅上涨 6.9%。这自然引发了市场是否过于悲观的问题。</li>
<li>最近，随着投资者重新评估商业房地产融资的前景和长期高利率，Arbor Realty Trust 的业务模型和融资成本受到直接影响，股价备受关注。同时，关于房地产贷款的信用质量和专业贷款机构的韧性的评论使得市场情绪波动，帮助解释了股价的波动。</li>
<li>即使在经历了下滑后，Arbor Realty Trust 目前的估值评分为 5/6，表明在我们进行的主要检查中，它被视为被低估。接下来我们将逐步介绍这些方法，最后以一种超越常规指标的方式来思考估值。</li>
</ul>
<p>了解为什么 Arbor Realty Trust 在过去一年中 -30.6% 的回报落后于同行。</p>
<h3>方法 1：Arbor Realty Trust 超额回报分析</h3>
<p>超额回报模型考察 Arbor Realty Trust 产生的利润超过股权投资者所需的最低回报的程度，然后将这些超额利润资本化为每股隐含价值。</p>
<p>对于 Arbor，起点是每股 $12.08 的账面价值和每股 $1.34 的稳定每股收益，基于过去五年的股本回报中位数。与每股 $1.09 的股本成本相比，这留下了每股 $0.24 的超额回报，支持的平均股本回报为 11.21%。分析师估计资产负债表将保持稳健，稳定的账面价值估计为每股 $11.93，来源于三位分析师的预测。</p>
<p>在超额回报框架中使用这些输入产生的内在价值估计约为每股 $16.05。这表明 Arbor Realty Trust 相对于当前约 $8.87 的价格可能被低估约 44.7%。换句话说，市场将 Arbor 的盈利能力定价为其超过股本成本的回报能力将急剧下降，而这并未反映在该模型当前的假设中。</p>
<p><strong>结果：被低估</strong></p>
<p>我们的超额回报分析表明 Arbor Realty Trust 被低估了 44.7%。将其添加到您的观察列表或投资组合中，或发现基于现金流的 907 只被低估的股票。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/c8a42e29-9946-4e7f-bf30-2df74a0a03ce/chart/dcf?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1706" height="760" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/c8a42e29-9946-4e7f-bf30-2df74a0a03ce/chart/dcf"/></p>
<p>截至 2025 年 12 月的 ABR 折现现金流</p>
<p>前往我们公司报告的估值部分，了解我们如何得出 Arbor Realty Trust 的公允价值的更多细节。</p>
<h3>方法 2：Arbor Realty Trust 价格与收益</h3>
<p>对于像 Arbor Realty Trust 这样的盈利公司，市盈率是衡量投资者愿意为每一美元当前收益支付多少的有用方式。一般来说，具有更强增长前景和较低感知风险的企业可以合理化更高的市盈率，而增长缓慢或风险较高通常意味着市盈率应更接近或低于市场和行业标准。</p>
<p>Arbor 目前的市盈率约为 11.37 倍，低于抵押房地产投资信托行业平均约 13.21 倍和更广泛的同行组平均约 13.53 倍。Simply Wall St 还计算出一个专有的公允比率为 14.32 倍，这是考虑到 Arbor 的盈利增长前景、风险特征、利润率、行业特征和市值后，合理的市盈率。这个公允比率提供了一个比简单的同行或行业比较更量身定制的基准，因为它明确调整了公司特定的基本面，而不是假设所有房地产投资信托都应享有类似的倍数。与这个 14.32 倍的公允比率相比，Arbor 的 11.37 倍市盈率表明其股票交易价格低于这些基本面所暗示的水平。</p>
<p><strong>结果：被低估</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/c8a42e29-9946-4e7f-bf30-2df74a0a03ce/chart/pe-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1640" height="650" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/c8a42e29-9946-4e7f-bf30-2df74a0a03ce/chart/pe-multiple-vs-industry"/></p>
<p>截至 2025 年 12 月的 NYSE:ABR 市盈率</p>
<p>市盈率讲述了一个故事，但如果真正的机会在其他地方呢？发现 1448 家内部人士正在大举押注于爆炸性增长的公司。</p>
<h3>提升您的决策能力：选择您的 Arbor Realty Trust 故事</h3>
<p>我们之前提到过，有一种更好的方式来理解估值，因此让我们向您介绍 Narratives，这是 Simply Wall St 社区页面上的一个简单工具，让您将关于公司的故事与具体的预测和公允价值估计相结合。然后，您可以将该公允价值与今天的价格进行比较，看看它是否看起来像是买入或卖出，并在新消息或收益到来时自动更新您的观点。例如，一个 Arbor Realty Trust 的叙述可能假设高利率和缓慢的代理生产使收益承压，并合理化接近最悲观分析师目标约 $10.50 的公允价值。另一个更乐观的叙述可能集中在 Arbor 的贷款解决方案、多元化收入来源和历史韧性上，以支持接近最乐观目标约 $15.00 的假设。这说明不同的投资者如何看待相同的事实，插入不同的收入、利润率和市盈率预期，最终得出截然不同但清晰框架的故事到数字到公允价值的路径。</p>
<p>您认为 Arbor Realty Trust 的故事还有更多内容吗？前往我们的社区，看看其他人怎么说！</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/c8a42e29-9946-4e7f-bf30-2df74a0a03ce/chart/quote-price?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1510" height="1044" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/c8a42e29-9946-4e7f-bf30-2df74a0a03ce/chart/quote-price"/></p>
<p>NYSE:ABR 1 年股票价格走势图</p>
<p>这篇来自 Simply Wall St 的文章具有一般性。<strong>我们仅基于历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成购买或出售任何股票的推荐，也未考虑您的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中均没有持仓。</p>
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<p>Arbor Realty Trust 的股票经历了显著下跌，引发了对其估值的质疑。尽管近期有所小幅上涨，但该股票年初至今下跌了 35.6%。分析师表示，基于超额收益和市盈率分析，该股票被低估了 44.7%。Arbor 目前的市盈率低于行业平均水平，表明可能存在低估。该公司的估值评分为 5/6，暗示在关键指标上被低估。投资者正在重新评估商业房地产融资和利率的前景，这对 Arbor 的商业模式和融资成本产生了影响</p>

<ul>
<li>Wondering if Arbor Realty Trust at around $8.87 is a beaten down opportunity or a value trap? Let us unpack what the numbers are really saying about the stock.</li>
<li>Despite a modest 0.2% gain over the last 7 days, the share price is still down 3.8% over 30 days, 35.6% year to date, and 30.6% over the past year, with only a 6.9% gain over five years. This naturally raises questions about whether the market has become too pessimistic.</li>
<li>Recently, the stock has been in the spotlight as investors reassess the outlook for commercial real estate financing and higher for longer interest rates, both of which directly affect Arbor Realty Trust's business model and funding costs. At the same time, commentary around credit quality in real estate loans and the resilience of specialized lenders has kept sentiment volatile, helping to explain the choppy price action.</li>
<li>Even after that slide, Arbor Realty Trust currently clocks a valuation score of 5/6, suggesting it screens as undervalued on most of the key checks we run. We will walk through those methods next, before finishing with a way to think about valuation that goes beyond the usual metrics.</li>
</ul>
<div class="lb-trans"><ul>
<li>想知道 Arbor Realty Trust 当前约 $8.87 的股价是被低估的机会还是价值陷阱吗？让我们来分析一下这些数字到底在说什么。</li>
<li>尽管在过去 7 天内小幅上涨 0.2%，但股价在过去 30 天内仍下跌 3.8%，年初至今下跌 35.6%，过去一年下跌 30.6%，五年内仅上涨 6.9%。这自然引发了市场是否过于悲观的问题。</li>
<li>最近，随着投资者重新评估商业房地产融资的前景和长期高利率，Arbor Realty Trust 的业务模型和融资成本受到直接影响，股价备受关注。同时，关于房地产贷款的信用质量和专业贷款机构的韧性的评论使得市场情绪波动，帮助解释了股价的波动。</li>
<li>即使在经历了下滑后，Arbor Realty Trust 目前的估值评分为 5/6，表明在我们进行的主要检查中，它被视为被低估。接下来我们将逐步介绍这些方法，最后以一种超越常规指标的方式来思考估值。</li>
</ul>
</div><p>Find out why Arbor Realty Trust's -30.6% return over the last year is lagging behind its peers.</p>
<div class="lb-trans"><p>了解为什么 Arbor Realty Trust 在过去一年中 -30.6% 的回报落后于同行。</p>
</div><h3>Approach 1: Arbor Realty Trust Excess Returns Analysis</h3>
<div class="lb-trans"><h3>方法 1：Arbor Realty Trust 超额回报分析</h3>
</div><p>The Excess Returns model looks at how much profit Arbor Realty Trust generates above the minimum return that equity investors require, and then capitalizes those surplus profits into an implied value per share.</p>
<div class="lb-trans"><p>超额回报模型考察 Arbor Realty Trust 产生的利润超过股权投资者所需的最低回报的程度，然后将这些超额利润资本化为每股隐含价值。</p>
</div><p>For Arbor, the starting point is a Book Value of $12.08 per share and a Stable EPS of $1.34 per share, based on the median return on equity over the past five years. Against a Cost of Equity of $1.09 per share, this leaves an Excess Return of $0.24 per share, supported by an Average Return on Equity of 11.21%. Analysts estimate that the balance sheet will remain robust, with a Stable Book Value estimate of $11.93 per share derived from three analyst forecasts.</p>
<div class="lb-trans"><p>对于 Arbor，起点是每股 $12.08 的账面价值和每股 $1.34 的稳定每股收益，基于过去五年的股本回报中位数。与每股 $1.09 的股本成本相比，这留下了每股 $0.24 的超额回报，支持的平均股本回报为 11.21%。分析师估计资产负债表将保持稳健，稳定的账面价值估计为每股 $11.93，来源于三位分析师的预测。</p>
</div><p>Using these inputs in the Excess Returns framework produces an intrinsic value estimate of roughly $16.05 per share. This suggests that Arbor Realty Trust may be about 44.7% undervalued relative to the current price near $8.87. In other words, the market is pricing Arbor as if its ability to earn returns above its cost of equity will erode sharply, which is not reflected in this model’s current assumptions.</p>
<div class="lb-trans"><p>在超额回报框架中使用这些输入产生的内在价值估计约为每股 $16.05。这表明 Arbor Realty Trust 相对于当前约 $8.87 的价格可能被低估约 44.7%。换句话说，市场将 Arbor 的盈利能力定价为其超过股本成本的回报能力将急剧下降，而这并未反映在该模型当前的假设中。</p>
</div><p><strong>Result: UNDERVALUED</strong></p>
<div class="lb-trans"><p><strong>结果：被低估</strong></p>
</div><p>Our Excess Returns analysis suggests Arbor Realty Trust is undervalued by 44.7%. Track this in your watchlist or portfolio, or discover 907 more undervalued stocks based on cash flows.</p>
<div class="lb-trans"><p>我们的超额回报分析表明 Arbor Realty Trust 被低估了 44.7%。将其添加到您的观察列表或投资组合中，或发现基于现金流的 907 只被低估的股票。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/c8a42e29-9946-4e7f-bf30-2df74a0a03ce/chart/dcf" alt="" original-src="https://images.simplywall.st/company/c8a42e29-9946-4e7f-bf30-2df74a0a03ce/chart/dcf"/></p>
<p>ABR Discounted Cash Flow as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的 ABR 折现现金流</p>
</div><p>Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Arbor Realty Trust.</p>
<div class="lb-trans"><p>前往我们公司报告的估值部分，了解我们如何得出 Arbor Realty Trust 的公允价值的更多细节。</p>
</div><h3>Approach 2: Arbor Realty Trust Price vs Earnings</h3>
<div class="lb-trans"><h3>方法 2：Arbor Realty Trust 价格与收益</h3>
</div><p>For a profitable company like Arbor Realty Trust, the price to earnings ratio is a useful way to gauge how much investors are willing to pay for each dollar of current earnings. In general, businesses with stronger growth prospects and lower perceived risk can justify a higher PE multiple, while slower growth or higher risk usually means the multiple should sit closer to, or below, the market and industry norms.</p>
<div class="lb-trans"><p>对于像 Arbor Realty Trust 这样的盈利公司，市盈率是衡量投资者愿意为每一美元当前收益支付多少的有用方式。一般来说，具有更强增长前景和较低感知风险的企业可以合理化更高的市盈率，而增长缓慢或风险较高通常意味着市盈率应更接近或低于市场和行业标准。</p>
</div><p>Arbor currently trades on a PE of about 11.37x, which is below both the Mortgage REITs industry average of roughly 13.21x and the broader peer group average of about 13.53x. Simply Wall St also calculates a proprietary Fair Ratio of 14.32x, which is the PE multiple Arbor might reasonably trade at once its earnings growth outlook, risk profile, profit margins, industry characteristics and market cap are all taken into account. This Fair Ratio offers a more tailored benchmark than simple peer or industry comparisons because it explicitly adjusts for company specific fundamentals rather than assuming all REITs deserve similar multiples. Compared with this 14.32x Fair Ratio, Arbor’s 11.37x PE suggests the shares are trading at a discount to what those fundamentals would imply.</p>
<div class="lb-trans"><p>Arbor 目前的市盈率约为 11.37 倍，低于抵押房地产投资信托行业平均约 13.21 倍和更广泛的同行组平均约 13.53 倍。Simply Wall St 还计算出一个专有的公允比率为 14.32 倍，这是考虑到 Arbor 的盈利增长前景、风险特征、利润率、行业特征和市值后，合理的市盈率。这个公允比率提供了一个比简单的同行或行业比较更量身定制的基准，因为它明确调整了公司特定的基本面，而不是假设所有房地产投资信托都应享有类似的倍数。与这个 14.32 倍的公允比率相比，Arbor 的 11.37 倍市盈率表明其股票交易价格低于这些基本面所暗示的水平。</p>
</div><p><strong>Result: UNDERVALUED</strong></p>
<div class="lb-trans"><p><strong>结果：被低估</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/c8a42e29-9946-4e7f-bf30-2df74a0a03ce/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/c8a42e29-9946-4e7f-bf30-2df74a0a03ce/chart/pe-multiple-vs-industry"/></p>
<p>NYSE:ABR PE Ratio as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的 NYSE:ABR 市盈率</p>
</div><p>PE ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1448 companies where insiders are betting big on explosive growth.</p>
<div class="lb-trans"><p>市盈率讲述了一个故事，但如果真正的机会在其他地方呢？发现 1448 家内部人士正在大举押注于爆炸性增长的公司。</p>
</div><h3>Upgrade Your Decision Making: Choose your Arbor Realty Trust Narrative</h3>
<div class="lb-trans"><h3>提升您的决策能力：选择您的 Arbor Realty Trust 故事</h3>
</div><p>Earlier we mentioned that there is an even better way to understand valuation, so let us introduce you to Narratives, an easy tool on Simply Wall St’s Community page that lets you connect your story about a company with a concrete forecast and a fair value estimate. You can then compare that fair value to today’s price, see whether it looks like a buy or a sell, and have your view automatically update as new news or earnings arrive. For example, one Arbor Realty Trust Narrative might assume that elevated interest rates and slower agency production keep earnings under pressure and justify a fair value close to the most bearish analyst target of about $10.50. Another, more optimistic Narrative could focus on Arbor’s loan resolutions, diversified revenue streams and historical resilience to support assumptions closer to the most bullish target near $15.00. This illustrates how different investors can look at the same facts, plug in different revenue, margin and PE expectations, and end up with very different, but clearly framed, paths from story to numbers to fair value.</p>
<div class="lb-trans"><p>我们之前提到过，有一种更好的方式来理解估值，因此让我们向您介绍 Narratives，这是 Simply Wall St 社区页面上的一个简单工具，让您将关于公司的故事与具体的预测和公允价值估计相结合。然后，您可以将该公允价值与今天的价格进行比较，看看它是否看起来像是买入或卖出，并在新消息或收益到来时自动更新您的观点。例如，一个 Arbor Realty Trust 的叙述可能假设高利率和缓慢的代理生产使收益承压，并合理化接近最悲观分析师目标约 $10.50 的公允价值。另一个更乐观的叙述可能集中在 Arbor 的贷款解决方案、多元化收入来源和历史韧性上，以支持接近最乐观目标约 $15.00 的假设。这说明不同的投资者如何看待相同的事实，插入不同的收入、利润率和市盈率预期，最终得出截然不同但清晰框架的故事到数字到公允价值的路径。</p>
</div><p>Do you think there's more to the story for Arbor Realty Trust? Head over to our Community to see what others are saying!</p>
<div class="lb-trans"><p>您认为 Arbor Realty Trust 的故事还有更多内容吗？前往我们的社区，看看其他人怎么说！</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/c8a42e29-9946-4e7f-bf30-2df74a0a03ce/chart/quote-price" alt="" original-src="https://images.simplywall.st/company/c8a42e29-9946-4e7f-bf30-2df74a0a03ce/chart/quote-price"/></p>
<p>NYSE:ABR 1-Year Stock Price Chart</p>
<div class="lb-trans"><p>NYSE:ABR 1 年股票价格走势图</p>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p>这篇来自 Simply Wall St 的文章具有一般性。<strong>我们仅基于历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成购买或出售任何股票的推荐，也未考虑您的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中均没有持仓。</p>
</div><p>Mobile Infrastructure for Defense and Disaster</p>
<div class="lb-trans"><p>国防和灾难的移动基础设施</p>
</div><p>The next wave in robotics isn't humanoid. Its fully autonomous towers delivering 5G, ISR, and radar in under 30 minutes, anywhere.</p>
<div class="lb-trans"><p>下一波机器人技术不是类人型的。它是完全自主的塔楼，在 30 分钟内提供 5G、ISR 和雷达服务，覆盖任何地方。</p>
</div><p>Get the investor briefing before the next round of contracts</p>
<div class="lb-trans"><p>在下一轮合同之前获取投资者简报</p>
</div><p>Sponsored On Behalf of CiTech</p>
<div class="lb-trans"><p>由 CiTech 赞助</p>
</div>

在 2024 年大幅下滑以及基于收益的估值差距后，对 Arbor Realty Trust 进行评估