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) April 25, 2007
                           ---------------------------

                            Arbor Realty Trust, Inc.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

   Maryland                         001-32136                    20-0057959
---------------                    ------------              -------------------
(State or other                    (Commission                  (IRS Employer
jurisdiction of                    File Number)              Identification No.)
incorporation)

        333 Earle Ovington Boulevard, Suite 900 Uniondale, New York 11553
--------------------------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

                                 (516) 832-8002
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))



                            Arbor Realty Trust, Inc.
                           Current Report on Form 8-K

Item 8.01 Other Events.

      On April 25, 2007, Arbor Realty Trust, Inc. (the "Company") issued a press
release announcing that its Board of Directors has declared a quarterly cash
dividend of $0.62 per share of common stock for the quarter ended March 31,
2007, which is payable on May 25, 2007 to common shareholders of record on May
16, 2007. A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d)   Exhibits

      Exhibit Number
      --------------

           99.1    Press Release, dated April 25, 2007.



                                    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.


Dated: April 25, 2007                   ARBOR REALTY TRUST, INC..

                                        By: /s/ Walter K. Horn
                                            ------------------------------------
                                        Name:  Walter K. Horn
                                        Title: General Counsel, Secretary and
                                               Director of Compliance



                                  EXHIBIT INDEX

Exhibit Number
--------------

      99.1        Press Release, dated April 25, 2007.