What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Arbor Realty Trust (ABR) spend its free cash flow?

For TTM through Q1 2026, Arbor Realty Trust generated $214M of operating cash flow and $197M of free cash flow — a free cash flow margin of 92.4% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Arbor Realty Trust (ABR) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Arbor Realty Trust's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Arbor Realty Trust (ABR) Cash Flow Waterfall

Operating CF

$214M

Capex

-$16.2M

Free Cash Flow

$197M

FCF Margin

+92.4%

Cash flow waterfall for Arbor Realty Trust (ABR) — TTM through Q1 2026

Free cash flow: $197M

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Arbor Realty Trust (ABR) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$214M	$214M
Capital Expenditure	-$16.2M	$197M
Free Cash Flow	$197M	$197M
Other Investing	-$892M	-$694M
Share Buybacks	-$32.8M	-$727M
Dividends Paid	-$294M	-$1.02B
Net Debt Change	$1.65B	$630M
Other Financing & FX	-$179M	$451M
Net Cash Increase	$451M	$451M

Operating Cash Flow$214M
Capital Expenditure-$16.2M
Free Cash Flow$197M
Other Investing-$892M
Share Buybacks-$32.8M
Dividends Paid-$294M
Net Debt Change$1.65B
Other Financing & FX-$179M
Net Cash Increase$451M

Want to see what drove the FCF change?Free Cash Flow Bridge

Frequently asked questions

Data & methodology

Arbor Realty Trust (ABR) Key Financials

Charts, filings, and peer comparison for every metric

Income Statement

Balance Sheet

Profitability

Operating Margin72.8%

Cash Flow

Capital Return

Forecast & Valuation

Operations

Employees653.0

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview

ABR Overview

Counters