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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   ----------

                                    FORM 8-K

              CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                                   ----------

                DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
                          JUNE 24, 2004 (JUNE 24, 2004)

                            ARBOR REALTY TRUST, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

         Maryland                     001-32136                 20-0057959
(STATE OR OTHER JURISDICTION    (COMMISSION FILE NO.)        (I.R.S. EMPLOYER
    OF INCORPORATION OR                                   IDENTIFICATION NUMBER)
       ORGANIZATION)

    333 Earle Ovington Boulevard, Suite 900
              Uniondale, New York                                 11553
    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE)                     (ZIP CODE)

                                 (516) 832-8002
              (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)

                                       N/A
       (FORMER NAME, FORMER ADDRESS AND FORMER FISCAL YEAR, IF APPLICABLE)

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ITEM 5. OTHER EVENTS On June 24, 2004, Arbor Realty Trust, Inc. (the "Company") issued a press release announcing that its Board of Directors declared a quarterly cash dividend of $0.35 per share of common stock for the quarter ended June 30, 2004 which is payable on July 15, 2004 to common shareholders of record on July 6, 2004. The Company also announced that it will hold its 2004 annual shareholders meeting on Thursday, July 29, 2004 and that shareholders of record as of June 18, 2004 will be entitled to vote at the meeting. A copy of the press release relating to these announcements is attached hereto as Exhibit 99.1. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS c. Exhibits 99.1 Press Release dated June 24, 2004

SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ARBOR REALTY TRUST, INC. By: /s/ Frederick C. Herbst ---------------------------- Name: Frederick C. Herbst Title: Chief Financial Officer Dated: June 24, 2004

EXHIBIT INDEX Exhibit No. Description - ----------- ----------- 99.1 Press Release, dated June 24, 2004, of Arbor Realty Trust, Inc.

                                                                    Exhibit 99.1


           Arbor Realty Trust Declares Second Quarter 2004 Dividend

              - Announces Date for Annual Shareholders Meeting -

    UNIONDALE, N.Y., June 24 /PRNewswire-FirstCall/ -- Arbor Realty Trust,
Inc. (NYSE: ABR), a real estate investment trust focused on the business of
investing in real estate related bridge and mezzanine loans, preferred equity
investments, mortgage-related securities and other real estate related assets,
announced today that its Board of Directors declared a quarterly cash dividend
of $0.35 per share of common stock for the quarter ended June 30, 2004.  The
dividend is payable on July 15, 2004 to common shareholders of record on July
6, 2004.
    The Company also announced that it will hold its 2004 annual shareholders
meeting on Thursday, July 29, 2004 at 1:00 p.m. at the Teleconference Center
on the lower level of 333 Earle Ovington Boulevard in Uniondale, New York.
Shareholders of record as of June 18, 2004 will be entitled to vote at the
meeting.

    About Arbor Realty Trust, Inc.
    Arbor Realty Trust, Inc. is a real estate investment trust, which invests
in a diversified portfolio of multi-family and commercial real estate related
bridge and mezzanine loans, preferred equity investments, mortgage related
securities and other real estate related assets. Arbor commenced operations in
July 2003 and conducts substantially all of its operations through its
operating partnership, Arbor Realty Limited Partnership. Arbor is externally
managed and advised by Arbor Commercial Mortgage, LLC, a national commercial
real estate finance company operating through 15 offices in the US that
specializes in debt and equity financing for multi-family and commercial real
estate.

    Safe Harbor Statement
    Certain items in this press release may constitute forward-looking
statements within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995.  These statements are based on
management's current expectations and beliefs and are subject to a number of
trends and uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements.  Arbor can give no
assurance that its expectations will be attained.  Factors that could cause
actual results to differ materially from Arbor's expectations include, but are
not limited to, continued ability to source new investments, changes in
interest rates and/or credit spreads, changes in the real estate markets, and
other risks detailed from time to time in the Arbor's periodic and other
reports filed with the SEC.  Such forward-looking statements speak only as of
the date of this press release.  Arbor expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any forward-
looking statements contained herein to reflect any change in Arbor's
expectations with regard thereto or change in events, conditions, or
circumstances on which any such statement is based.

     Contacts:                               Investors:
     Rick Herbst, Chief Financial Officer    Stephanie Carrington/Denise Roche
     Arbor Realty Trust, Inc.                The Ruth Group
     516-832-7408                            646-536-7017/7008
     rick.herbst@thearbornet.com             scarrington@theruthgroup.com
                                             droche@theruthgroup.com

SOURCE  Arbor Realty Trust, Inc.
    -0-                             06/24/2004
    /CONTACT:  Rick Herbst, Chief Financial Officer of Arbor Realty Trust,
Inc., +1-516-832-7408, rick.herbst@thearbornet.com; or Investors - Stephanie
Carrington, +1-646-536-7017, scarrington@theruthgroup.com, or Denise Roche,
+1-646-536-7008, droche@theruthgroup.com, both of The Ruth Group for Arbor
Realty Trust, Inc./
    (ABR)

CO:  Arbor Realty Trust, Inc.
ST:  New York
IN:  RLT FIN
SU:  DIV