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)        October 29, 2004 
                                                       (October 29, 2004)

                                   ----------

                            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 2.02 Results of Operations and Financial Condition.

      On October 28, 2004,  Arbor Realty Trust,  Inc. (the  "Company")  issued a
press release  announcing its earnings for the quarterly  period ended September
30, 2004, a copy of which is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(c)   Exhibits

      Exhibit Number

            99.1  Press Release, dated October 28, 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.

Dated: October 29, 2004                    ARBOR REALTY TRUST, INC..

                                           By:    /s/ Frederick C. Herbst
                                                  ------------------------------
                                           Name:  Frederick C. Herbst
                                           Title: Chief Financial Officer



                                  EXHIBIT INDEX

Exhibit Number
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     99.1             Press Release, dated October 28, 2004.