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New York Mortgage Trust, Inc. (NYSE: NYMT) is a prominent real estate investment trust (REIT) dedicated to acquiring, investing in, financing, and managing mortgage-related and residential housing-related assets across the United States. Established in 2003, the company has garnered a reputation for its diversified investment portfolio, which encompasses a variety of structured multi-family property investments, residential mortgage loans, and securities.
NYMT's core investments include:
- Structured Multi-Family Property Investments: This category features multi-family commercial mortgage-backed securities (CMBS), preferred equity, and mezzanine loans to owners of multi-family properties.
- Residential Mortgage Loans: This segment involves distressed residential mortgage loans, non-qualified mortgage (non-QM) loans, second mortgages, residential bridge loans, and other residential mortgage loans.
- Non-Agency RMBS: These are residential mortgage-backed securities that are not guaranteed by government-sponsored enterprises.
- Agency RMBS and CMBS: These mortgage-backed securities are guaranteed by government-sponsored entities, ensuring a relatively stable investment.
- Other Mortgage-Related Assets: NYMT also invests in various other mortgage-related, residential housing-related, and credit-related assets to diversify its portfolio further.
As a REIT, New York Mortgage Trust, Inc. is required to distribute at least 90% of its taxable income to its stockholders, thereby avoiding federal corporate income taxes. The company is committed to providing value to its investors through strategic capital allocation and a focus on high-quality assets.
NYMT's recent achievements and current projects highlight its robust financial health and strategic growth. The company has successfully navigated market fluctuations and continues to expand its portfolio to include high-yield, risk-adjusted assets. With a strong management team and a clear vision, New York Mortgage Trust, Inc. remains a significant player in the U.S. real estate investment landscape.
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New York Mortgage Trust, Inc. (NYMT) declared a regular quarterly cash dividend of $0.20 per share on its common stock for the quarter ending March 31, 2024. The Board also announced cash dividends on its preferred stocks. The dividends will be payable on April 25, 2024, to common stockholders of record as of March 25, 2024.
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New York Mortgage Trust, Inc. (NYMT) reported financial results for Q4 and FY 2023. Net income for Q4 was $31.5 million, while for FY 2023, it was a loss of $90 million. The company's yield on average interest earning assets was 6.21% in Q4. Key developments included property purchases, sales, and financing activities. Management highlighted market volatility and economic trends affecting the company's strategy.
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New York Mortgage Trust, Inc. (NYMT) announces the tax treatment of common and preferred stock dividends declared in 2023. The company's 2023 dividend distributions are detailed, and stockholders are advised to review their tax statements and consult with professional tax advisors. The 2023 cash distributions and tax implications are explained for stockholders of record as of December 26, 2023. Detailed classification for income tax purposes of the dividend distributions for common and preferred stock are provided.
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New York Mortgage Trust, Inc. (NYMT) is set to release financial results for the three and twelve months ended December 31, 2023, on February 21, 2024. The executive management will host a conference call and audio webcast on February 22, 2024, at 9:00 a.m., Eastern Time.
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New York Mortgage Trust, Inc. (NYMT) declares a regular quarterly cash dividend of $0.20 per share on its common stock for the quarter ending December 31, 2023. The Board also declared cash dividends on its various series of preferred stock. The dividend for common stock will be payable on January 26, 2024, and the record date is December 26, 2023.
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New York Mortgage Trust, Inc. reported a net loss of $94.8 million for the third quarter of 2023. The company's adjusted book value declined by 9.71% in the quarter. They purchased $946.2 million of Agency RMBS and $187.8 million in residential loans. They also executed a sale of a multi-family property with a net equity investment of $5.2 million. The company repurchased shares of common stock and preferred stock. The CEO mentioned that fixed income investment valuations suffered due to rate volatility, leading to lower asset values. However, they believe their strategy to reduce credit exposure and focus on Agency RMBS will support book value and liquidity in a likely economic downturn.
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New York Mortgage Trust, Inc. to report Q3 2023 financial results on November 1, 2023.
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New York Mortgage Trust, Inc. declares regular quarterly cash dividend of $0.30 per share on common stock for quarter ending September 30, 2023.
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New York Mortgage Trust, Inc. (NYMT) reported a net loss of $37.2 million for Q2 2023, with a net loss per share of $0.41. The company's yield on average interest earning assets was 6.07%. Book value per common share at the end of the period was $12.44. NYMT purchased $545.6 million of Agency RMBS and $106.3 million in residential loans during the quarter. They also received $33.7 million in proceeds from redemptions of Mezzanine Lending investments. The CEO expressed optimism about the sector and plans to allocate excess liquidity for balance sheet expansion.
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FAQ
What is the current stock price of New York Mortgage Trust (NYMT)?
The current stock price of New York Mortgage Trust (NYMT) is $5.94 as of December 20, 2024.
What is the market cap of New York Mortgage Trust (NYMT)?
The market cap of New York Mortgage Trust (NYMT) is approximately 534.4M.
What is New York Mortgage Trust, Inc.?
New York Mortgage Trust, Inc. (NYSE: NYMT) is a real estate investment trust that acquires, invests in, finances, and manages mortgage-related and residential housing-related assets across the United States.
When was New York Mortgage Trust, Inc. founded?
New York Mortgage Trust, Inc. was founded in 2003.
What types of investments does NYMT focus on?
NYMT focuses on structured multi-family property investments, residential mortgage loans, non-Agency RMBS, Agency RMBS and CMBS, and other mortgage-related and residential housing-related assets.
What are structured multi-family property investments?
Structured multi-family property investments include multi-family commercial mortgage-backed securities, preferred equity, and mezzanine loans to owners of multi-family properties.
What qualifies New York Mortgage Trust, Inc. as a REIT?
As a REIT, NYMT must distribute at least 90% of its taxable income to its stockholders to avoid federal corporate income taxes.
What is the significance of Agency RMBS and CMBS in NYMT's portfolio?
Agency RMBS and CMBS are guaranteed by government-sponsored entities, providing NYMT with relatively stable investment options.
How does NYMT manage its investment portfolio?
NYMT manages its portfolio through strategic capital allocation, focusing on high-yield, risk-adjusted assets.
What is NYMT's approach to distressed residential mortgage loans?
NYMT invests in distressed residential mortgage loans, including non-qualified mortgage loans, second mortgages, and residential bridge loans, aiming to extract value from distressed markets.
What recent achievements has NYMT accomplished?
NYMT has successfully expanded its portfolio and navigated market fluctuations, maintaining robust financial health and strategic growth.
How can investors get more information about NYMT?
Investors can contact NYMT's Investor Relations via phone at 212-792-0107 or email at InvestorRelations@nymtrust.com.
New York Mortgage Trust, Inc.
Nasdaq:NYMT
NYMT Rankings
NYMT Stock Data
534.42M
88.95M
1.57%
59.11%
2.91%
REIT - Mortgage
Real Estate Investment Trusts
United States of America
NEW YORK