New York Mortgage Trust Stock Price, News & Analysis

New York Mortgage Trust (NYMT) has successfully completed its consent solicitation process for its 5.75% Senior Notes due 2026. The company secured majority consent from noteholders to approve a proposed amendment to the notes' indenture. NYMT will pay a consent payment of $4.00 per $1,000 principal amount of Notes to holders who provided valid consents by the June 12, 2025 expiration date. The payment is expected to be made on June 13, 2025, through D.F. King & Co. as the Information and Tabulation Agent. The proposed amendment will become operative only after all conditions are met and the consent payment is made.

New York Mortgage Trust (NYMT) has announced its dividend distributions for Q2 2025. The company will pay a regular quarterly cash dividend of $0.20 per common share, payable on July 30, 2025, to stockholders of record as of June 23, 2025. Additionally, NYMT declared dividends for its preferred stock series: Series D at $0.50 per share (8.000% rate), Series E at $0.6917713 per share (7.875% rate), Series F at $0.4296875 per share (6.875% rate), and Series G at $0.4375 per share (7.000% rate). All preferred stock dividends cover the period from April 15, 2025, to July 14, 2025, with a record date of July 1, 2025, and payment date of July 15, 2025.

New York Mortgage Trust (NYMT) has launched a consent solicitation for holders of its 5.75% Senior Notes due 2026, seeking to amend the indenture to increase the maximum Net Debt to Equity Ratio to 8.00:1.00. The company is offering a consent payment of $4.00 per $1,000 principal amount to noteholders who provide valid consents by June 12, 2025. This amendment aims to support NYMT's growth strategy, which has already shown success with $4.1 billion in asset acquisitions in 2024 and $1.9 billion in Q1 2025, leading to a 55% year-over-year increase in interest income. The company maintains strong liquidity with $173.1 million in cash, $256.8 million in unencumbered securities, and $100.2 million in unencumbered residential loans as of March 31, 2025.

New York Mortgage Trust reported strong Q1 2025 results, with net income of $30.3 million ($0.33 per share). The company achieved earnings available for distribution of $18.2 million ($0.20 per share), matching its quarterly dividend payment.

Key financial metrics include:

• Interest income: $129.7 million
• Net interest income: $33.1 million
• Book value per share: $9.37
• Economic return on book value: 3.13%

The company significantly expanded its investment activities, purchasing $1.5 billion of Agency RMBS (5.35% coupon) and $396.8 million in residential loans (9.33% coupon). Notable financing activities included a $82.5 million senior notes offering and completion of two residential loan securitizations generating $326.3 million in net proceeds. In April 2025, the company repurchased 231,200 shares at an average price of $6.50 per share.

New York Mortgage Trust (Nasdaq: NYMT) has announced its schedule for the 2025 first quarter financial results release and conference call. The company will release its financial results for Q1 2025 (period ending March 31, 2025) after market close on April 30, 2025.

A conference call and audio webcast hosted by the executive management team will follow on Thursday, May 1, 2025, at 9:00 a.m. Eastern Time. Interested participants must pre-register to receive dial-in details. The event will also be accessible via live audio webcast through the company's website Investor Relations section.

A replay of the webcast will be made available approximately two hours after the call and will remain accessible for 12 months through the company's website.

New York Mortgage Trust (NYMT) has announced its dividend distributions for Q1 2025. The company's Board of Directors declared a regular quarterly cash dividend of $0.20 per share on common stock for the quarter ending March 31, 2025. The dividend will be paid on April 28, 2025 to stockholders of record as of March 31, 2025.

Additionally, the Board declared dividends on its preferred stock series, including the 8.000% Series D, 7.875% Series E, 6.875% Series F, and 7.000% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. These preferred dividends cover the period from January 15, 2025, to April 14, 2025.

New York Mortgage Trust (NYMT) has reported its Q4 and full-year 2024 results, highlighting significant portfolio growth and strategic investments. In Q4 2024, the company purchased $362.8 million of Agency RMBS with a 5.55% average coupon and $542.3 million of residential loans with a 9.37% average coupon.

For full-year 2024, NYMT acquired $2.2 billion in investment securities, including $1.5 billion of Agency RMBS (5.69% average coupon) and $1.9 billion of residential loans (9.93% average coupon). The company completed five residential loan securitizations, generating $1.3 billion in net proceeds. Additionally, NYMT sold three multi-family apartment communities, resulting in a $12.3 million net gain.

The company also issued $60 million of 9.125% Senior Notes due 2029 and repurchased 587,347 shares at an average price of $5.95. In early 2025, NYMT issued $82.5 million of 9.125% Senior Notes due 2030 and extended its stock repurchase programs to March 2026.

New York Mortgage Trust (NYMT) has released its tax treatment details for 2024 dividend distributions. The company paid quarterly common stock dividends of $0.20 per share, totaling $1.00 for the year. The January 2025 distribution will be treated as a 2025 distribution for tax purposes.

For preferred stocks, the company distributed: Series D (8.000%) - $2.00 per share annually, Series E (7.875%) - $1.97 per share annually, Series F (6.875%) - $1.72 per share annually, and Series G (7.000%) - $1.75 per share annually. No portion of the 2024 distributions is expected to consist of excess inclusion income.

New York Mortgage Trust (NYMT) has announced its schedule for the 2024 fourth quarter financial results conference call. The company will release its financial results for both the three and twelve months ended December 31, 2024, after market close on February 19, 2025.

The executive management will host a conference call and audio webcast the following day on Thursday, February 20, 2025, at 9:00 a.m. Eastern Time. Interested participants must pre-register to receive dial-in details. Additionally, a live audio webcast will be accessible through the company's Investor Relations website section at www.nymtrust.com.

The webcast replay will be made available approximately two hours after the call concludes and will remain accessible for 12 months through the company's Investor Relations website section.