Financial Data and Key Metrics Changes - The company reported an undepreciated loss per share of $0.44 in Q4, compared to an undepreciated earnings per share of $0.39 in Q3 [19] - Adjusted net interest income EPS contribution increased to $0.36 per share in Q4, up from $0.32 in Q3 and $0.26 a year ago, representing a 12.5% increase quarter-over-quarter and a 38% increase year-over-year [19] - GAAP book value decreased by 5.6% during the quarter, while adjusted book value per share ended at $10.35, down 4.8% from Q3 [24] Business Line Data and Key Metrics Changes - The portfolio grew by 44% year-over-year, driven by $4.1 billion in acquisitions, primarily in liquid agency bonds and higher spread bridge loans [10] - The company recognized net unrealized losses of $131.6 million due to lower asset prices, primarily in the agency RMBS portfolio and residential loan book [21] - The company disposed of five multifamily real estate assets, resulting in net gains of $4.9 million, which will reduce the negative earnings drag from these properties [22] Market Data and Key Metrics Changes - The agency RMBS portfolio is valued at $3.1 billion, representing 42% of the asset portfolio and 23% of net equity [31] - Current coupon mortgage spreads widened by six basis points to 135 basis points, with spreads peaking at 154 basis points before normalizing [32] - The bridge securitization market saw deal issuance grow from $3 billion in 2023 to $8 billion in 2024, indicating strong market momentum [35] Company Strategy and Development Direction - The company aims to focus on sustainable recurring income through strategic deployment of excess liquidity, with a goal to optimize returns in 2025 [10][14] - The strategy includes prioritizing positive carry profiles across low payout spec pools and expanding into BPO rental strategy [33][38] - The company plans to maintain a competitive current yield for shareholders with a consistent dividend of $0.20 per common share [26] Management's Comments on Operating Environment and Future Outlook - Management noted that the market shows signs of resiliency with strong fundamentals, despite elevated mortgage rates keeping housing demand in check [9] - The company expects to see significant value upside to current market capitalization levels, especially considering a 13% plus dividend yield [16] - Management expressed optimism about the potential for increased portfolio flexibility and recurring earnings improvement in 2025 [14] Other Important Information - The company issued six securitizations in 2024 and began 2025 with a detailed bridge securitization [12] - The company has excess liquidity totaling $343 million at the end of the year, which will be strategically deployed [13] Q&A Session Summary Question: Normalized earnings and ROE outlook - Management indicated that growth in earnings for 2024 supports alignment with the current dividend, with adjusted interest income increasing significantly [46] Question: Excess liquidity characterization - Management stated that excess liquidity will be rotated into both the agency market and residential credit, aligning with the outlook for the US housing market [48] Question: G&A and portfolio expense outlook - Management anticipates opportunities for G&A cost reduction as capital deployment continues, with a run rate of $11 to $11.5 million per quarter expected [55][56] Question: Update on book value performance - Management noted that adjusted book value is up between 1% to 2% as of the first quarter [59] Question: Update on remaining multifamily assets - Management provided details on the four remaining JV equity assets, with two in Florida for sale and two in Texas showing improved occupancy rates [64][66] Question: Prepayment speeds outlook - Management expects robust prepayment speeds in the RPL portfolio, regardless of rate outlook, due to the nature of the projects [75] Question: Opportunities to call and relever securitized debt - Management confirmed that several deals are callable and that this strategy will be employed on a deal-by-deal basis [78]

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 ...

NEW YORK, Jan. 28, 2025 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) is scheduled to report financial results for the three and twelve months ended December 31, 2024 after the close of market on February 19, 2025. New York Mortgage Trust's executive management will host a conference call and audio webcast at 9:00 a.m., Eastern Time, on Thursday, February 20, 2025. To access the conference call, please pre-register using this link. Registrants will receive confirmation wit ...

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Core Viewpoint - New York Mortgage Trust (NYMT) reported quarterly earnings of $0.39 per share, significantly exceeding the Zacks Consensus Estimate of $0.06 per share, marking an earnings surprise of 550% compared to a loss of $0.25 per share in the previous quarter [1][2]. Financial Performance - The company posted revenues of $20.24 million for the quarter ended September 2024, which was 8.43% below the Zacks Consensus Estimate, and an increase from $16.79 million year-over-year [2]. - Over the last four quarters, NYMT has surpassed consensus EPS estimates only once [2]. Stock Performance - NYMT shares have declined approximately 36.2% since the beginning of the year, contrasting with the S&P 500's gain of 22.3% [3]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $23.48 million, while for the current fiscal year, the estimate is -$0.78 on revenues of $82.51 million [7]. - The trend of estimate revisions for NYMT is mixed, which may change following the recent earnings report [6]. Industry Context - The REIT and Equity Trust industry, to which NYMT belongs, is currently ranked in the top 38% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8].