Welcome to our dedicated page for New York Mortgage Trust news (Ticker: NYMT), a resource for investors and traders seeking the latest updates and insights on New York Mortgage Trust stock.
The New York Mortgage Trust, Inc. (NYMT) news page on Stock Titan aggregates company announcements, earnings releases, financing updates and strategic developments drawn from official press releases and SEC-reported events. New York Mortgage Trust describes itself as an internally managed real estate investment trust focused on acquiring, investing in, financing and managing primarily mortgage-related single-family and multi-family residential assets, and its news flow reflects this focus on residential credit and capital deployment.
Investors following NYMT news can review quarterly earnings reports that detail net income or loss attributable to common stockholders, earnings available for distribution, book value metrics, net interest income and leverage ratios. These releases are often accompanied by management commentary on capital allocation, portfolio restructuring, investment activity in Agency RMBS and residential loans, and the use of securitizations and senior unsecured notes to finance the portfolio.
Company news also includes disclosures about capital markets transactions, such as public offerings and registered direct offerings of senior notes, consent solicitations related to existing notes, and updates on the listing of new debt securities on Nasdaq. In addition, New York Mortgage Trust issues announcements on dividends for its common stock and multiple series of preferred stock, providing details on record dates, payment dates and per-share amounts.
Strategic and corporate updates form another important category of NYMT news. Recent items include the acquisition of the remaining ownership interest in Constructive Loans, LLC, described as a leading originator of business purpose loans for residential real estate investors, and the planned corporate rebrand from New York Mortgage Trust, Inc. to Adamas Trust, Inc., with corresponding changes to Nasdaq ticker symbols. Readers can use this page to follow how the company presents its evolution into what it calls a multi-dimensional investment and operating platform, as well as to access references to supplemental presentations and conference calls mentioned in its announcements.
New York Mortgage Trust (NYSE: NYMT) declared a quarterly cash dividend of $0.05 per share, payable on July 27, 2020. The record date for this dividend is July 1, 2020. Additionally, the Board reinstated dividends on several series of preferred stock, including Series B and Series C, with respective payments on July 15, 2020. The declared amounts for preferred stock dividends per share are $0.484375 for Series B, $0.4921875 for Series C, and $0.50 for Series D.
New York Mortgage Trust (NYMT) reported a significant net loss of $598,680,000 for Q1 2020, translating to a loss per share of $1.71. The company faced unprecedented market conditions due to the COVID-19 pandemic, leading to substantial asset sales totaling $2 billion, including $555.2 million in multi-family POs. These actions resulted in a 33% decline in book value, now at $3.89 per share. Despite these challenges, NYMT ended the quarter with $200 million in cash and a reduced portfolio leverage ratio of 0.7. Quarterly dividends were suspended, reflecting the severe market disruptions.
New York Mortgage Trust, Inc. (Nasdaq: NYMT) is set to announce its financial results for Q1 2020 on May 21, 2020, post-market close. Following this, an audio conference call will occur on May 22, 2020, at 9:00 a.m. ET. Investors can participate via a dial-in number or through a live webcast on the company's website. A replay will be available until May 29, 2020. NYMT is a Maryland-based real estate investment trust focused on acquiring and managing mortgage-related and housing-related assets.