Company Performance - New York Mortgage Trust (NYMT) reported quarterly earnings of $0.22 per share, exceeding the Zacks Consensus Estimate of $0.20 per share, and a significant improvement from a loss of $0.25 per share a year ago, representing an earnings surprise of +10.00% [1] - The company posted revenues of $36.45 million for the quarter ended June 2025, which was 8.43% below the Zacks Consensus Estimate, compared to revenues of $19.04 million in the same quarter last year [2] - Over the last four quarters, NYMT has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - NYMT shares have increased approximately 12.5% since the beginning of the year, outperforming the S&P 500's gain of 8.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.20 on revenues of $40.8 million, and for the current fiscal year, it is $0.61 on revenues of $155 million [7] Industry Outlook - The REIT and Equity Trust industry, to which NYMT belongs, is currently ranked in the top 22% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]

Executive Summary [Second Quarter 2025 Highlights](index=1&type=section&id=Summary%20of%20Second%20Quarter%202025) Despite a **$3.486 million net loss**, **EAD of $0.22 per share** exceeded the **$0.20 dividend**, with a **1.50% net interest spread** Summary of Second Quarter 2025 Financial Results | Metric | Amount (in thousands) | | :---------------------------------------------------------- | :-------------------- | | Net loss attributable to Company's common stockholders | $ (3,486) | | Net loss attributable to Company's common stockholders per share (basic) | $ (0.04) | | Earnings available for distribution attributable to Company's common stockholders (1) | $ 20,024 | | Earnings available for distribution per common share (1) | $ 0.22 | | Yield on average interest earning assets (1) (2) | 6.48 % | | Interest income | $ 140,901 | | Interest expense | $ 104,454 | | Net interest income | $ 36,447 | | Net interest spread (1) (3) | 1.50 % | | Book value per common share at the end of the period | $ 9.11 | | Adjusted book value per common share at the end of the period (1) | $ 10.26 | | Economic return on book value (4) | (0.64)% | | Economic return on adjusted book value (5) | 0.29 % | | Dividends per common share | $ 0.20 | [Key Developments](index=1&type=section&id=Key%20Developments) Q2 2025 saw significant **Agency investments** and **residential loan acquisitions**, with **Constructive Loans acquisition** post-quarter - Investing Activities (Q2 2025): * Acquired approximately **$503.7 million** of Agency investments with an average coupon of **5.29%**[5](index=5&type=chunk) * Acquired approximately **$280.2 million** in residential loans with an average gross coupon of **9.76%**[5](index=5&type=chunk) * Received approximately **$13.0 million** in proceeds from the redemption of a Mezzanine Lending investment[5](index=5&type=chunk) - Subsequent Events (Post Q2 2025): * Issued **$90.0 million** in 9.875% Senior Notes due 2030, generating approximately **$86.6 million** in net proceeds (July 8, 2025)[6](index=6&type=chunk) * Acquired the remaining **50% ownership interests** in Constructive Loans, LLC for approximately **$38.4 million**, accelerating expansion into residential business purpose lending (July 15, 2025)[6](index=6&type=chunk) * Completed a securitization of residential loans, yielding approximately **$345.9 million** in net proceeds, used to redeem two prior securitizations (July 24, 2025)[6](index=6&type=chunk) [Management Commentary](index=3&type=section&id=Management%20Overview) CEO Jason Serrano highlighted **solid Q2 performance** with **recurring earnings exceeding dividends**, emphasizing **Constructive acquisition** for strategic expansion - CEO Jason Serrano commented on: * **Solid second-quarter performance** with recurring earnings surpassing the dividend[7](index=7&type=chunk) * Effective execution of long-term capital allocation strategy and **strong liquidity position**[7](index=7&type=chunk) * Pivotal acquisition of Constructive Loans, LLC, accelerating expansion into **residential business purpose lending**[7](index=7&type=chunk) * Strategic move to enhance ability to meet demand for non-agency credit and diversify the balance sheet for greater stockholder value[7](index=7&type=chunk) Financial Performance [Condensed Consolidated Balance Sheets](index=11&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) Total assets grew to **$10.55 billion**, driven by **residential loans** and **investment securities**, with **equity at $1.38 billion** Condensed Consolidated Balance Sheets (Selected Items, in thousands) | Item | June 30, 2025 (unaudited) | December 31, 2024 | | :-------------------------------------------- | :------------------------ | :---------------- | | **ASSETS** | | | | Residential loans, at fair value | $ 4,026,027 | $ 3,841,738 | | Investment securities available for sale, at fair value | $ 5,109,601 | $ 3,828,544 | | Total Assets | $ 10,552,332 | $ 9,217,282 | | **LIABILITIES AND EQUITY** | | | | Repurchase agreements | $ 4,907,436 | $ 4,012,225 | | Collateralized debt obligations | $ 3,364,600 | $ 2,978,444 | | Total liabilities | $ 9,155,677 | $ 7,806,148 | | Company's stockholders' equity | $ 1,381,203 | $ 1,394,720 | | Total Liabilities and Equity | $ 10,552,332 | $ 9,217,282 | - Assets of consolidated variable interest entities (VIEs) totaled **$4.414 billion** as of June 30, 2025, up from **$3.989 billion** at December 31, 2024[24](index=24&type=chunk) - Liabilities of consolidated VIEs also increased to **$3.859 billion** from **$3.477 billion** over the same period[24](index=24&type=chunk) [Condensed Consolidated Statements of Operations](index=12&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) Net interest income significantly increased to **$36.4 million**, resulting in **net income of $8.5 million** and **basic EPS of $0.04** Condensed Consolidated Statements of Operations (Selected Items, in thousands) | Item | For the Three Months Ended June 30, 2025 | For the Three Months Ended June 30, 2024 | | :-------------------------------------------------------- | :--------------------------------------- | :--------------------------------------- | | Interest income | $ 140,901 | $ 90,775 | | Interest expense | $ 104,454 | $ 71,731 | | Total net interest income | $ 36,447 | $ 19,044 | | Total net loss from real estate | $ (3,014) | $ (13,106) | | Total other (loss) income | $ (9,264) | $ (6,080) | | Total general, administrative and operating expenses | $ 19,890 | $ 23,599 | | Income (loss) from operations before income taxes | $ 4,279 | $ (23,741) | | NET INCOME (LOSS) | $ 4,440 | $ (24,083) | | NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY | $ 8,546 | $ (15,589) | | Preferred stock dividends | $ (12,032) | $ (10,439) | | NET (LOSS) INCOME ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS | $ (3,486) | $ (26,028) | | Basic (loss) earnings per common share | $ (0.04) | $ (0.29) | | Diluted (loss) earnings per common share | $ (0.04) | $ (0.29) | [Summary of Quarterly Earnings](index=13&type=section&id=SUMMARY%20OF%20QUARTERLY%20%28LOSS%29%20EARNINGS) Quarterly net interest income increased to **$36.4 million**, with **EAD per share at $0.22** consistently covering the **$0.20 dividend** Summary of Quarterly Earnings (Selected Metrics, in thousands) | Metric | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | | :---------------------------------------------------------- | :------------ | :------------- | :---------------- | :----------------- | :------------ | | Interest income | $ 140,901 | $ 129,734 | $ 118,253 | $ 108,361 | $ 90,775 | | Total net interest income | $ 36,447 | $ 33,098 | $ 26,711 | $ 20,237 | $ 19,044 | | Net (loss) income attributable to Company's common stockholders | $ (3,486) | $ 30,285 | $ (41,828) | $ 32,410 | $ (26,028) | | Basic (loss) earnings per common share | $ (0.04) | $ 0.33 | $ (0.46) | $ 0.36 | $ (0.29) | | Earnings available for distribution per common share - basic (1) | $ 0.22 | $ 0.20 | $ 0.16 | $ 0.10 | $ 0.09 | | Book value per common share | $ 9.11 | $ 9.37 | $ 9.28 | $ 9.83 | $ 9.69 | | Adjusted book value per common share (1) | $ 10.26 | $ 10.43 | $ 10.35 | $ 10.87 | $ 11.02 | | Dividends declared per common share | $ 0.20 | $ 0.20 | $ 0.20 | $ 0.20 | $ 0.20 | Capital Allocation & Portfolio Overview [Capital Allocation by Investment Category](index=4&type=section&id=Capital%20Allocation) Total investment portfolio carrying value reached **$8.61 billion**, primarily in **Single-Family residential loans** and **investment securities** Allocated Capital at June 30, 2025 (in thousands) | Item | Single-Family | Multi-Family | Corporate/Other | Total | | :-------------------------------------------- | :------------ | :----------- | :-------------- | :---------- | | Residential loans | $ 4,026,027 | $ — | $ — | $ 4,026,027 | | Investment securities available for sale and TBAs | $ 4,979,330 | $ — | $ 140,435 | $ 5,119,765 | | Total investment portfolio carrying value | $ 8,129,984 | $ 302,290 | $ 177,551 | $ 8,609,825 | | Net Company capital allocated | $ 1,240,849 | $ 251,156 | $ (110,802) | $ 1,381,203 | - Leverage Ratios (June 30, 2025): * Company Recourse Leverage Ratio: **3.8x**[9](index=9&type=chunk) * Portfolio Recourse Leverage Ratio: **3.6x**[9](index=9&type=chunk) [Interest Earning Assets and Net Interest Spread](index=5&type=section&id=Interest%20Earning%20Assets%20and%20Net%20Interest%20Spread) Total adjusted net interest income was **$40.1 million**, with a **6.48% yield** on assets and **1.50% net interest spread** Interest Earning Assets Performance (Three Months Ended June 30, 2025, in thousands) | Metric | Single-Family | Multi-Family | Corporate/Other | Total | | :------------------------------------ | :------------ | :----------- | :-------------- | :---------- | | Adjusted Interest Income | $ 128,824 | $ 2,203 | $ 1,452 | $ 132,479 | | Adjusted Interest Expense | $ (84,529) | $ — | $ (7,842) | $ (92,371) | | Adjusted Net Interest Income (Loss) | $ 44,295 | $ 2,203 | $ (6,390) | $ 40,108 | | Average Interest Earning Assets | $ 7,972,569 | $ 74,273 | $ 126,552 | $ 8,173,394 | | Yield on Average Interest Earning Assets | 6.46 % | 11.86 % | 4.59 % | 6.48 % | | Average Financing Cost | (4.86)% | — | (6.59)% | (4.98)% | | Net Interest Spread | 1.60 % | 11.86 % | (2.00)% | 1.50 % | - Key Definitions: * **Yield on Average Interest Earning Assets**: Annualized adjusted interest income divided by average interest earning assets[12](index=12&type=chunk) * **Average Financing Cost**: Annualized adjusted interest expense divided by average interest bearing liabilities[12](index=12&type=chunk) * **Net Interest Spread**: Difference between Yield on Average Interest Earning Assets and Average Financing Cost[12](index=12&type=chunk) Non-GAAP Financial Measures Reconciliation [Adjusted Net Interest Income (Loss) and Net Interest Spread](index=14&type=section&id=Adjusted%20Net%20Interest%20Income%20%28Loss%29%20and%20Net%20Interest%20Spread) Adjusted net interest income and spread are non-GAAP measures for clearer asset yields and financing costs, excluding SLST impact - Adjusted Net Interest Income (Loss) and Net Interest Spread are non-GAAP measures calculated by: * Adjusting GAAP interest income by reducing Consolidated SLST CDO interest expense and including TBA dollar roll income[31](index=31&type=chunk)[32](index=32&type=chunk) * Adjusting GAAP interest expense by reducing Consolidated SLST CDO interest expense and including the net interest component of interest rate swaps[31](index=31&type=chunk)[32](index=32&type=chunk) * These adjustments remove the impact of Consolidated SLST and include hedging costs and TBA dollar roll income to better represent the cost of financing and economic equivalent of net interest income[31](index=31&type=chunk)[32](index=32&type=chunk) Reconciliation of GAAP to Adjusted Net Interest Income (Loss) (Three Months Ended June 30, 2025, in thousands) | Item | Single-Family | Multi-Family | Corporate/Other | Total | | :------------------------------------ | :------------ | :----------- | :-------------- | :---------- | | GAAP interest income | $ 137,246 | $ 2,203 | $ 1,452 | $ 140,901 | | Consolidated SLST CDO interest expense | $ (8,429) | $ — | $ — | $ (8,429) | | TBA dollar roll income | $ 7 | $ — | $ — | $ 7 | | **Adjusted interest income** | $ 128,824 | $ 2,203 | $ 1,452 | $ 132,479 | | GAAP interest expense | $ (96,107) | $ — | $ (8,347) | $ (104,454) | | Consolidated SLST CDO interest expense | $ 8,429 | $ — | $ — | $ 8,429 | | Net interest benefit of interest rate swaps | $ 3,149 | $ — | $ 505 | $ 3,654 | | **Adjusted interest expense** | $ (84,529) | $ — | $ (7,842) | $ (92,371) | | **Adjusted net interest income (loss)** | $ 44,295 | $ 2,203 | $ (6,390) | $ 40,108 | [Earnings Available for Distribution (EAD)](index=18&type=section&id=Earnings%20Available%20for%20Distribution) EAD, a new non-GAAP measure, indicates income-generating capacity by excluding unrealized, non-cash, or non-recurring items - EAD is defined as GAAP net income (loss) attributable to Company's common stockholders, excluding: * Realized and unrealized gains (losses)[39](index=39&type=chunk) * Gains (losses) on derivative instruments (excluding net interest benefit of interest rate swaps and TBA dollar roll income)[39](index=39&type=chunk) * Impairment of real estate, loss on reclassification of disposal group, and other non-recurring gains (losses)[39](index=39&type=chunk) * Depreciation and amortization of operating real estate, non-cash expenses, non-recurring transaction expenses[39](index=39&type=chunk) * Income tax effect of non-EAD items and EAD attributable to non-controlling interests[39](index=39&type=chunk) Reconciliation of GAAP Net (Loss) Income to EAD (Three Months Ended June 30, 2025, in thousands) | Item | June 30, 2025 | | :-------------------------------------------------------- | :------------ | | GAAP net (loss) income attributable to Company's common stockholders | $ (3,486) | | Adjustments: | | | Realized losses, net | $ 3,771 | | Unrealized (gains) losses, net | $ (24,614) | | Losses (gains) on derivative instruments, net (1) | $ 30,627 | | Unrealized losses (gains), net on equity investments (2) | $ 3,352 | | Impairment of real estate | $ 3,913 | | Other (gains) losses (3) | $ (548) | | Depreciation and amortization of operating real estate | $ 5,928 | | Non-cash expenses (4) | $ 2,561 | | Transaction expenses (5) | $ 1,340 | | Income tax effect of adjustments | $ (173) | | EAD adjustments attributable to non-controlling interests | $ (2,647) | | **Earnings available for distribution attributable to Company's common stockholders** | **$ 20,024** | | EAD per common share - basic | $ 0.22 | [Adjusted Book Value Per Common Share](index=20&type=section&id=Adjusted%20Book%20Value%20Per%20Common%20Share) Adjusted book value per common share is a non-GAAP measure modifying GAAP book value by excluding depreciation and adjusting liabilities to fair value - Adjusted book value per common share is calculated by making the following adjustments to GAAP book value: * Exclude the Company's share of cumulative depreciation and lease intangible amortization expenses related to real estate[43](index=43&type=chunk) * Exclude the cumulative adjustment of redeemable non-controlling interests to estimated redemption value[43](index=43&type=chunk) * Adjust amortized cost liabilities that finance the investment portfolio to fair value[43](index=43&type=chunk) Reconciliation of GAAP to Adjusted Book Value (June 30, 2025, in thousands) | Item | June 30, 2025 | | :-------------------------------------------------------- | :------------ | | Company's stockholders' equity | $ 1,381,203 | | Preferred stock liquidation preference | $ (558,498) | | **GAAP book value** | **$ 822,705** | | Add: | | | Cumulative depreciation expense on real estate (1) | $ 25,170 | | Cumulative amortization of lease intangibles related to real estate (1) | $ 4,620 | | Cumulative adjustment of redeemable non-controlling interest to estimated redemption value | $ 49,574 | | Adjustment of amortized cost liabilities to fair value | $ 24,153 | | **Adjusted book value** | **$ 926,222** | | Common shares outstanding | 90,314 | | GAAP book value per common share (2) | $ 9.11 | | Adjusted book value per common share (3) | $ 10.26 | [Equity Investments in Multi-Family Entities](index=22&type=section&id=Equity%20Investments%20in%20Multi-Family%20Entities) The company is strategically repositioning by disposing of **multi-family joint venture equity investments** and reallocating capital - Strategic Repositioning: * Opportunistic disposition of joint venture equity investments in multi-family properties[50](index=50&type=chunk) * Reallocation of capital away from multi-family assets to targeted assets[50](index=50&type=chunk) * Certain joint venture equity investments classified as held for sale as of June 30, 2025[50](index=50&type=chunk) Reconciliation of Net Equity Investments in Consolidated Multi-Family Properties and Disposal Group Held for Sale (June 30, 2025, in thousands) | Item | Amount | | :---------------------------------------------------------------- | :-------- | | Cash and cash equivalents | $ 3,941 | | Real estate, net | $ 473,586 | | Assets of disposal group held for sale | $ 111,500 | | Other assets | $ 14,821 | | **Total assets** | **$ 603,848** | | Mortgages payable on real estate, net | $ 364,100 | | Liabilities of disposal group held for sale | $ 92,151 | | Other liabilities | $ 8,877 | | **Total liabilities** | **$ 465,128** | | Redeemable non-controlling interest in Consolidated VIEs | $ 12,782 | | Less: Cumulative adjustment of redeemable non-controlling interest to estimated redemption value | $ (49,574) | | Non-controlling interest in Consolidated VIEs | $ 582 | | Non-controlling interest in disposal group held for sale | $ 1,963 | | **Net equity investment (1)** | **$ 172,967** | - The net equity investment as of June 30, 2025, consists of **$155.6 million** in consolidated multi-family properties and **$17.4 million** in disposal group held for sale[52](index=52&type=chunk) Company Information & Disclosures [About New York Mortgage Trust](index=7&type=section&id=About%20New%20York%20Mortgage%20Trust) New York Mortgage Trust, Inc. is an internally managed REIT focused on acquiring, investing in, financing, and managing mortgage-related residential assets - New York Mortgage Trust, Inc. is an internally managed REIT[16](index=16&type=chunk) - Its business involves acquiring, investing in, financing, and managing primarily mortgage-related residential assets[16](index=16&type=chunk) [Defined Terms](index=8&type=section&id=Defined%20Terms) This section defines various financial and investment terms used in the report, covering securities, instruments, and portfolio categories [Cautionary Statement Regarding Forward-Looking Statements](index=9&type=section&id=Cautionary%20Statement%20Regarding%20Forward-Looking%20Statements) This cautionary statement advises that forward-looking statements are based on estimates, with actual results potentially differing due to market and operational risks [Conference Call & Supplemental Information](index=7&type=section&id=Conference%20Call) Executive management will host a conference call and webcast on **July 31, 2025**, to discuss Q2 2025 results, with supplemental materials and Form 10-Q available - Conference Call Details: * Date: **Thursday, July 31, 2025**[14](index=14&type=chunk) * Time: **9:00 a.m., Eastern Time**[14](index=14&type=chunk) * Access: Pre-registration required via provided link; live audio webcast available on Investor Relations section of company website[14](index=14&type=chunk) * Replay: Webcast replay link available for 12 months[14](index=14&type=chunk) - Supplemental Information: * A supplemental financial presentation will be posted on the company's website[15](index=15&type=chunk) * The Quarterly Report on Form 10-Q for Q2 2025 is expected to be filed with the SEC on or about **August 1, 2025**, and will be available on the company's website[15](index=15&type=chunk)

Core Viewpoint - New York Mortgage Trust, Inc. reported a net loss for the second quarter of 2025, but highlighted strong recurring earnings that exceeded dividends, indicating effective capital allocation and liquidity management [2][8]. Financial Performance - The net loss attributable to common stockholders was $3.486 million, translating to a loss of $0.04 per share [2]. - Earnings available for distribution were $20.024 million, or $0.22 per share [2]. - Interest income increased to $140.901 million, up from $90.775 million in the same quarter of the previous year [37]. - Interest expense rose to $104.454 million, compared to $71.731 million in the prior year [37]. - Net interest income for the quarter was $36.447 million, compared to $19.044 million in the same quarter last year [37]. - The book value per common share at the end of the period was $9.11, while the adjusted book value was $10.26 [2]. Investment Activities - The company acquired approximately $503.7 million in Agency investments with an average coupon of 5.29% and $280.2 million in residential loans with an average gross coupon of 9.76% [7]. - On July 8, 2025, the company completed the issuance of $90 million in Senior Notes due 2030, raising approximately $86.6 million in net proceeds [6]. - The acquisition of Constructive Loans, LLC for approximately $38.4 million is expected to enhance the company's position in residential business purpose lending [10]. Capital Allocation - As of June 30, 2025, the total investment portfolio carrying value was $8.609 billion, with significant allocations in residential loans and investment securities [9]. - The company reported a recourse leverage ratio of 3.8x and a portfolio recourse leverage ratio of 3.6x [9]. Subsequent Events - On July 24, 2025, the company completed a securitization of residential loans, resulting in approximately $345.9 million in net proceeds [10].

Group 1 - The article discusses the preferred stock and baby bond market activity, providing both bottom-up insights on individual news and events, as well as top-down analysis of the broader market [1] - It highlights the importance of yield and risk management considerations in the Income Portfolios offered by the company [1] - The article encourages the use of Interactive Investor Tools to navigate various markets including BDC, CEF, OEF, preferred, and baby bonds [1] Group 2 - The company offers Investor Guides for CEFs, Preferreds, and PIMCO CEFs to assist investors [2] - A promotional offer for a 2-week free trial is available, allowing potential investors to explore services without risk [2]

Core Viewpoint - New York Mortgage Trust, Inc. has acquired the remaining 50% ownership interest in Constructive Loans, LLC, enhancing its strategy to diversify and scale recurring earnings through a leading operating platform [1][2]. Group 1: Acquisition Details - The acquisition is an all-cash transaction completed through a wholly owned subsidiary of the Company, marking a significant milestone in its growth strategy [1]. - This acquisition builds on the Company's initial strategic investment in Constructive made in 2021, reflecting confidence in Constructive's growth potential and value to the residential credit market [2]. Group 2: Constructive Loans Performance - Constructive has originated over $1.7 billion in business purpose loans over the last twelve months ending June 30, 2025, demonstrating solid profitability and performance since its founding in 2017 [3]. - Constructive will continue to operate as an independent subsidiary with its experienced leadership team remaining in place [3]. Group 3: Management Insights - The CEO of the Company expressed excitement about the partnership with Constructive, emphasizing that the acquisition will diversify the Company's recurring income and expand its presence in residential credit markets [4]. - The President of the Company highlighted Constructive's ability to maintain solid loan performance while expanding origination volume, positioning it well to meet the financing needs of single-family investors [4]. Group 4: Company Background - New York Mortgage Trust, Inc. is an internally managed real estate investment trust focused on acquiring, investing in, financing, and managing primarily mortgage-related residential assets [5]. - Constructive Loans, LLC specializes in rental and transitional loans for real estate investors and operates in 48 states and D.C., with a workforce of 165 employees [6].

Group 1 - The article focuses on newly listed fixed-income securities on the exchange, specifically highlighting New York Mortgage Trust [1] - It invites active investors to join a free trial and engage in discussions with sophisticated traders and investors [1] Group 2 - The article does not provide specific investment recommendations or advice, emphasizing that past performance is not indicative of future results [2] - It clarifies that the views expressed may not reflect those of Seeking Alpha as a whole, and the analysts involved may not be licensed or certified [2]

Group 1 - The article discusses the author's journey into investing, starting in high school in 2011, focusing on REITs, preferred stocks, and high-yield bonds, indicating a long-standing interest in markets and the economy [1] - The author has recently combined long stock positions with covered calls and cash secured puts, emphasizing a fundamental long-term investment approach [1] - The author primarily covers REITs and financials on Seeking Alpha, with occasional articles on ETFs and other stocks influenced by macro trade ideas [1]

Core Viewpoint - New York Mortgage Trust, Inc. is set to report its financial results for the second quarter of 2025 on July 30, 2025, with a conference call scheduled for July 31, 2025 [1][2]. Company Overview - New York Mortgage Trust, Inc. is a Maryland corporation that operates as a real estate investment trust (REIT) for federal income tax purposes [3]. - The company is internally managed and focuses on acquiring, investing in, financing, and managing primarily mortgage-related single-family and multi-family residential assets [3].

Core Points - New York Mortgage Trust, Inc. successfully completed a consent solicitation, securing necessary consents from holders of a majority of its outstanding 5.75% Senior Notes due 2026 to approve a proposed amendment to the indenture governing the Notes [1][2] - The Company will pay a cash payment of $4.00 per $1,000 principal amount of Notes for which valid consents were delivered by the expiration date [3] - The consent payment is contingent upon the satisfaction or waiver of certain conditions outlined in the Consent Solicitation Statement [4] 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 [5]

Core Points - New York Mortgage Trust, Inc. declared a regular quarterly cash dividend of $0.20 per share for the quarter ending June 30, 2025, payable on July 30, 2025, to stockholders of record as of June 23, 2025 [1] - The Board also declared cash dividends for its preferred stock series, including Series D, E, F, and G, with payment dates set for July 15, 2025 [2][3] Dividend Details - The cash dividends for the preferred stock series are as follows: - Series D: $0.50 per share - Series E: $0.6917713 per share - Series F: $0.4296875 per share - Series G: $0.4375 per share - All preferred stock dividends are for the period from April 15, 2025, to July 14, 2025, with a record date of July 1, 2025 [3] Company Overview - New York Mortgage Trust, Inc. is a Maryland corporation that operates as a real estate investment trust (REIT), focusing on acquiring, investing in, financing, and managing primarily mortgage-related single-family and multi-family residential assets [4]