NEW YORK, March 20, 2025 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (NASDAQ:NYMT) (the "Company") announced today that its Board of Directors (the "Board") declared a regular quarterly cash dividend of $0.20 per share on shares of its common stock for the quarter ending March 31, 2025. The dividend will be payable on April 28, 2025 to common stockholders of record as of the close of business on March 31, 2025. In addition, the Board declared cash dividends on the Company's 8.000% Series D Fixed-to-Fl ...

NEW YORK, March 20, 2025 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) announced today that its Board of Directors (the “Board”) declared a regular quarterly cash dividend of $0.20 per share on shares of its common stock for the quarter ending March 31, 2025. The dividend will be payable on April 28, 2025 to common stockholders of record as of the close of business on March 31, 2025. In addition, the Board declared cash dividends on the Company’s 8.000% Series D Fixed-to-F ...

In this article, we discuss the mortgage REIT New York Mortgage Trust, Inc. ( NYMT ). Specifically, we focus on the company's Q4 results and touch on its liability profile. We also discuss the capitalCheck out Systematic Income and explore our Income Portfolios, engineered with both yield and risk management considerations. Use our powerful Interactive Investor Tools to navigate the BDC, CEF, OEF, preferred and baby bond markets.Read our Investor Guides: to CEFs, Preferreds and PIMCO CEFs. Check us out on ...

Investment Strategy - The company has reduced exposure in its multi-family investments to $19.5 million over two properties after disposing of investments in 15 multi-family properties, generating net gains of approximately $16.0 million[43]. - The company anticipates allocating less capital to multi-family investments going forward, focusing on preferred equity and mezzanine loans[34]. - The company’s Agency RMBS portfolio is primarily comprised of fixed-rate RMBS and ARMs, with leverage expected to be employed through repurchase agreements[30]. - The company has made strategic repositioning decisions, including the opportunistic disposition of joint venture equity investments in multi-family properties[43]. - The company may change its investment and financing strategies without stockholder consent, which could affect its operational stability[90]. - The company’s investment strategy may be adversely affected by interest rate mismatches between interest-earning assets and borrowings, potentially reducing net income[101]. - The company’s portfolio may be concentrated in certain asset types or geographic areas, increasing exposure to economic downturns and risks associated with real estate[103]. - The competitive market for investment opportunities may hinder the company's ability to acquire targeted assets at favorable terms, impacting net income[156]. Financial Leverage and Risk - The company’s maximum leverage ratios are set at 15:1 for liquid Agency securities, between 4:1 and 6:1 for illiquid assets, and 8:1 for residential loans, with a target total debt leverage ratio not exceeding 4:1[48]. - As of December 31, 2024, the company’s recourse leverage ratio was approximately 3.0 to 1, and the portfolio recourse leverage ratio was approximately 2.9 to 1[50]. - The company employs leverage as part of its financing strategy, relying on a mix of short-term and long-term repurchase agreements and structured financings[48]. - Increased leverage may exacerbate losses and reduce cash available for distribution to stockholders[172]. - The company may face challenges in meeting debt service obligations, risking asset sales to satisfy debts[173]. - The company may have limited or no ability to sell or transfer assets transferred to the SPE, which could adversely affect liquidity and cash available for distribution to stockholders[177]. Regulatory Compliance - The company is subject to various regulatory requirements, including those under the Dodd-Frank Act and the Gramm-Leach-Bliley Act, which impact its operations[68]. - The company must distribute at least 90% of its ordinary taxable income each year to qualify as a REIT, which is crucial for its financial strategy[71]. - The company’s ability to maintain its qualification as a REIT for federal tax purposes is critical for its operations and distributions[90]. - Changes in laws and regulations affecting the relationship with government-sponsored entities may materially impact the company's financial condition and operations[90]. - The company must maintain its exemption from regulation as an investment company under the Investment Company Act, which imposes limits on its operations and asset acquisitions[203]. - Failure to qualify as a REIT could result in significant tax liabilities, adversely affecting the company's operations and distributions[214][216]. Employee and Workplace Policies - As of December 31, 2024, the company had 70 full-time employees across its offices in New York, Charlotte, and Woodland Hills[64]. - The company believes that its employees are its greatest asset and focuses on recruitment, training, and retention to enhance business growth[64]. - The company has a hybrid workplace policy allowing employees to work partly from the office and partly remotely, promoting flexibility[67]. - The company is committed to maintaining a diverse workforce, with women comprising 29% and 33% of employees self-identifying as ethnically diverse as of December 31, 2024[66]. Market and Economic Risks - The company anticipates that increases in interest rates will generally decrease net income and the market value of the investment portfolio[91]. - A decline in the market value of interest-bearing assets may require the company to post additional collateral, reducing liquidity and potentially leading to asset liquidation at unfavorable prices[92]. - The company faces risks related to increased defaults and prepayment rates, which could adversely affect the performance of its assets[93]. - The market value of the investment portfolio may decline due to various factors, including adverse economic conditions and changes in credit spreads[93]. - Economic downturns and disruptions in the mortgage markets could lead to increased delinquencies and defaults, adversely affecting net interest income and earnings[191]. - The U.S. Government's credit rating downgrade in August 2023 could negatively impact financial markets and the credit risk associated with the company's targeted assets[194]. Asset Management and Valuation - As of December 31, 2024, 49% of the total investment portfolio was comprised of "credit assets" which exposes the company to significant credit risk[94]. - The company holds a 50% equity interest in a loan originator, which exposes it to additional risks due to the unsecured nature of these investments[110]. - Business purpose loans constitute approximately 25.9% of the asset value of the total investment portfolio as of December 31, 2024, and are directly exposed to losses from default and foreclosure[111]. - The company’s investments in residential loans are subject to increased risks of loss, as these loans are generally not guaranteed by the federal government or any GSE[106]. - The evaluation of anticipated cash flows for real estate assets is highly subjective and may differ materially from actual results in future periods[135]. - Valuations of assets may fluctuate and are subject to inherent uncertainty, which could materially affect the company's financial condition[152]. Cybersecurity and Operational Risks - Cybersecurity and data security breaches could materially adversely impact the company's business and financial results[157]. - The company has enhanced its cybersecurity systems, but vulnerabilities remain due to evolving techniques used by cybercriminals[159]. - Operational disruptions due to system failures could adversely affect the company's financial condition and ability to distribute to stockholders[162]. - The company relies on adequate capital and financing sources, which may be limited due to market volatility, impacting operations and asset acquisitions[166]. Financial Performance and Impairment - The company recognized net impairment losses of approximately $48.9 million and $89.5 million for the years ended December 31, 2024 and 2023, respectively[136]. - The company recorded losses on reclassification of disposal group of approximately $14.6 million and $16.2 million for the years ended December 31, 2024 and 2023, respectively[136]. - Impairment charges have a direct adverse impact on the company's net income and financial condition, affecting cash available for distribution to stockholders[136]. - The performance of the company's assets is adversely affected by changes in prepayment rates, which are difficult to predict[118]. - The company may experience increased volatility in financial results due to reliance on third-party service providers for loan servicing and compliance[124].

New York Mortgage Trust, Inc. (NASDAQ:NYMT) Q4 2024 Earnings Conference Call February 20, 2025 9:00 AM ET Company Participants Kristi Mussallem - Investor Relations Jason Serrano - Chief Executive Officer Nick Mah - President Kristine Nario - Chief Financial Officer Conference Call Participants Bose George - KBW Doug Harter - UBS Matthew Erdner - JonesTrading Jake Katsikas - BTIG Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the New York Mortgage Trust Fourth Quarter ...

New York Mortgage Trust (NYMT) came out with a quarterly loss of $0.44 per share versus the Zacks Consensus Estimate of $0.08. This compares to loss of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -650%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.06 per share when it actually produced earnings of $0.39, delivering a surprise of 550%.Over the last four quarters, the ...

New York Mortgage Trust Reports Fourth Quarter and Full Year 2024 Results NEW YORK, February 19, 2025 (GLOBE NEWSWIRE) - New York Mortgage Trust, Inc. (Nasdaq: NYMT) ("NYMT," the "Company," "we," "our" or "us") today reported results for the three months and year ended December 31, 2024, respectively. Summary of Fourth Quarter and Full Year 2024: (dollar amounts in thousands, except per share data) | | | For the Three Months Ended | | | | --- | --- | --- | --- | --- | | | | December 31, | | For the Year End ...

NEW YORK, Feb. 19, 2025 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT,” the “Company,” “we,” “our” or “us”) today reported results for the three months and year ended December 31, 2024, respectively. Summary of Fourth Quarter and Full Year 2024:(dollar amounts in thousands, except per share data) For the Three Months Ended December 31, 2024 For the Year Ended December 31, 2024Net loss attributable to Company's common stockholders$(41,828) $(103,785)Net loss attributable to Company ...

Core Viewpoint - New York Mortgage Trust, Inc. (NYMT) has announced the tax treatment of its common and preferred stock dividends declared in 2024, providing essential information for stockholders regarding their tax reporting requirements related to dividend distributions [1][2]. Dividend Distribution Summary - The total dividend distribution per share of common stock for 2024 is $1.00, with $0.80 classified as ordinary dividends and $0.20 as adjustments [4]. - The dividend distributions for the 8.000% Series D Preferred Stock total $2.00 per share, all classified as non-dividend distributions [6]. - The 7.875% Series E Preferred Stock has a total distribution of $1.96875 per share, also classified as non-dividend distributions [7]. - The 6.875% Series F Preferred Stock has a total distribution of $1.71875 per share, classified as non-dividend distributions [7]. - The 7.000% Series G Preferred Stock has a total distribution of $1.75000 per share, classified as non-dividend distributions [7]. Tax Treatment Details - No portion of the 2024 dividend distributions is expected to consist of excess inclusion income, which is relevant for certain tax-exempt investors [3]. - Distributions made on January 23, 2025, are treated as received by stockholders on December 31, 2024, due to the aggregate cash distributions exceeding 2024 earnings and profits [5]. - Stockholders are advised to consult their tax advisors regarding the specific tax treatment of the Company's dividend distributions [2][8]. Company Overview - New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (REIT) for federal income tax purposes, focusing on acquiring, investing in, financing, and managing primarily mortgage-related residential assets [9].

we discuss ideas like this as they happen in more detail. All active investors are welcome to join on a free trial and ask any question in our chat room full of sophisticated traders and investors.This short analysis is next in line in our series of informative articles dedicated to an exchange-traded fixed-income security IPO. With this study, we will turn our attention to New York Mortgage Trust, Inc.'s (Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companie ...