Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
$ABR, a company in the real estate investment trust sector, is facing challenges with declining business originations and an increase in non-performing loans. The company's financials show a decline in the current pay rate and a significant growth in the non-performing loan bucket. Despite claims of outperforming peers, the company is experiencing a rise in NPLs and impaired assets. Additionally, there are concerns about modified loans and a dilutive equity raise.
$ABR lol. 15% dilutive equity raise on Friday afternoon. https://t.co/J3bZQACdd0
$ABR continues to "day trade" its own shares to attempt to avoid taking book losses. Ivan may very well "know and be the best at credit," but trusting CEOs to do this to save you usually ends in tears. https://t.co/aLRJfd5pG1 https://t.co/FVHzBo6STD
Viceroy will provide an update on Arbors Q1 2024 results shortly. Meanwhile, please refer to our surveillance report from April to track delinquencies, modifications, and underlying profitability of borrowers. $ABR https://t.co/dQaSCocWl0