Arbor Realty Accused of Misleading on Loan Portfolio (1)

Arbor Realty Trust Inc. faces a proposed class action accusing it of hiding a “toxic real estate portfolio of mobile homes” and income problems that caused stock drops when revealed in short-seller reports.

After Arbor touted its financials from early 2021 through early 2023 in press conferences and earnings calls, NINGI Research and Viceroy Research both slammed the company’s loan book and transparency, Lois Martin says in her complaint, which was filed Wednesday in the US District Court in the Eastern District of New York.

Arbor’s stock price declined on March 14-15, 2023, following NINGI’s report, and on Dec. 5-6, ...