J Studios Introduction Seeking Alpha asked me to update my feelings about the New York Mortgage Trust (NYMT) preferred stocks, as my prior article was last January when the FOMC was putting rate cuts on hold. With most predictions saying a cut in September is almost certain and a second possible before 2025, then now would be a good time to lock in today's potential cycle peak in YOCs. This article updates the NYMT financials and will compare all four available preferreds: New York Mortgage Trust, Inc. 6.87 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ____________ Commission file number 001-32216 NEW YORK MORTGAGE TRUST, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 47- ...

New York Mortgage Trust, Inc. (NASDAQ:NYMT) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Kristi Mussallem – Investor Relations Jason Serrano – Chief Executive Officer Kristine Nario – Chief Financial Officer Nick Mah – President Conference Call Participants Doug Harter – UBS Jason Weaver – JonesTrading Frank Labetti – KBW Eric Hagen – BTIG Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the New York Mortgage Trust Second Quarter 2024 ...

New York Mortgage Trust, Inc. 2024 Second Quarter Financial Summary Forward Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. These beliefs, assumptions and expectations are subject to risks and uncertainties an ...

New York Mortgage Trust (NYMT) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of $0.05. This compares to loss of $0.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -600%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.12 per share when it actually produced a loss of $0.30, delivering a surprise of -350%. Over the last four quarters, the ...

New York Mortgage Trust Reports Second Quarter 2024 Results NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) - New York Mortgage Trust, Inc. (Nasdaq: NYMT) ("NYMT," the "Company," "we," "our" or "us") today reported results for the three and six months ended June 30, 2024. Summary of Second Quarter 2024: (dollar amounts in thousands, except per share data) | --- | --- | --- | |------------------------------------------------------------------------------------------------------|-------|----------| | | | | | Net los ...

NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) ("NYMT," the "Company," "we," "our" or "us") today reported results for the three and six months ended June 30, 2024. Summary of Second Quarter 2024: (dollar amounts in thousands, except per share data) | --- | --- | --- | |------------------------------------------------------------------------------------|-------------|-------| | | | | | Net loss attributable to Company's common stockholders | $ (26,028 | ) | | Net lo ...

NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the "Company") is scheduled to report financial results for the three and six months ended June 30, 2024 after the close of market on July 31, 2024. New York Mortgage Trust's executive management will host a conference call and audio webcast at 9:00 a.m., Eastern Time, on Thursday, August 1, 2024. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in deta ...

Stockernumber2 Company Overview From a GAAP perspective, the $1.5 billion stockholders' equity (which includes both common and preferred shares) is levered 4.96 times, while the recourse levenge ratio stands at 1.6, consisting primarily from mark-to-market, or MTM, facilities: Recourse leverage overview (New York Mortgage Trust Q1 2024 Investor Presentation) | --- | --- | --- | --- | --- | --- | --- | |--------|---------|---------|---------|---------|---------|--------| | | | | | | | | | | | | | | | | | (77 ...

halbergman Historically, NYMT has been a credit-focused mortgage REIT. Several years ago the company made a strategic shift towards outright multi-family home ownership with its Joint Venture Equity strategy. This entailed equity ownership of a number of multi-family properties alongside an operating partner, primarily in the South and Southeast. The target IRR of the strategy was 13-17% with income coming from rental revenue and sales after improvements. This strategy has performed poorly and is largely re ...