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.
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.
New York Mortgage Trust (NYSE: NYMT) reported significant net losses for Q3 2022, totaling $125.8 million, which translated to a loss of $0.33 per common share. Despite a robust yield of 6.66% on average interest-earning assets and a net interest spread of 2.18%, the company's comprehensive loss was $126.9 million. Key actions included a $48 million sale of multi-family properties and a successful $220.8 million residential loan securitization. The company's book value per share stands at $3.65, and management anticipates opportunities amid current market volatility.
New York Mortgage Trust (NYSE: NYMT) announced preliminary estimates for Q3 2022, reporting a decline in book value per common share to between $3.62 and $3.66, down from $4.06 in Q2 2022. The undepreciated book value also decreased to an estimated $3.86-$3.90. The company's liquidity position remains strong with $336 million in cash and $586 million in unencumbered assets. A cash dividend of $0.10 per share will be paid on October 26, 2022. The conference call to discuss financial results is scheduled for November 3, 2022, following the earnings release on November 2.
New York Mortgage Trust (Nasdaq: NYMT) has announced a strategic repositioning of its business, planning to dispose of its joint venture equity interests in multi-family properties. The company held $265 million in these interests as of June 30, 2022, which constituted 5.7% of its total investment portfolio. As of September 22, 2022, it had $336.6 million in cash. The CEO indicated that historical rent increases in the multi-family sector present an opportunity to unlock value for stockholders, suggesting a shift towards investments in a higher rate environment while continuing to invest in multi-family mezzanine lending.
New York Mortgage Trust, Inc. (Nasdaq: NYMT) announced a quarterly cash dividend of $0.10 per share for Q3 2022, payable on October 26, 2022, to stockholders of record by September 26, 2022. The Board also declared cash dividends for its preferred stocks: Series D ($0.50), Series E ($0.4921875), Series F ($0.4296875), and Series G ($0.4375). All preferred stock dividends will be paid on October 15, 2022, with the record date set for October 1, 2022.
New York Mortgage Trust, Inc. (NYSE: NYMT) reported a net loss of $82.4 million for Q2 2022, representing a $0.22 loss per share. The economic return on book value was (4.59)%. Interest income decreased to $68 million, while interest expenses rose to $41.9 million, yielding a net interest income of $26.1 million. The company invested approximately $773.6 million in residential loans during the quarter. Despite market volatility, undepreciated book value declined only 4.7%.
New York Mortgage Trust (Nasdaq: NYMT) will announce financial results for the second quarter ending June 30, 2022, after market close on August 2, 2022. An audio conference call is scheduled for August 3, 2022, at 9:00 AM ET, where management will discuss the results. Investors can pre-register for the call and access a live webcast on the company's website. A replay of the conference call will be available online for 12 months following the event.
New York Mortgage Trust (NYSE: NYMT) announced a quarterly cash dividend of $0.10 per common share for Q2 2022, payable on July 25, 2022, to shareholders on record as of June 27, 2022. Additionally, dividends were declared for preferred stock series D, E, F, and G, each with record dates of July 1, 2022, and payment dates on July 15, 2022. The cash dividends per share for preferred stocks range from $0.4296875 to $0.50. This reinforces the company's commitment to returning value to shareholders.
New York Mortgage Trust (NASDAQ: NYMT) announced the election of Gena Cheng to its Board of Directors during the 2022 Annual Meeting on June 6, 2022. Cheng, a seasoned professional with over 20 years of experience in real estate financing and investor relations, is Managing Principal at Prospect Avenue Partners. Her extensive background encompasses roles in portfolio management and capital raising at various establishments, enhancing the Board's expertise. Following her election, the Board consists of seven directors, with women comprising 60% of independent directors.
New York Mortgage Trust (NYSE: NYMT) reported a net loss of $84.3 million for Q1 2022, translating to a loss of $0.22 per share. The company's undepreciated book value decreased by 6%, ending at $4.36 per share. Despite challenges from rising interest rates and market volatility, the company executed $782.5 million in residential loans and completed significant securitizations, raising approximately $286.1 million in net proceeds. The economic return on book value was -5.11%, while dividends remained at $0.10 per share.
New York Mortgage Trust (Nasdaq: NYMT) will report its financial results for Q1 2022 on May 3, 2022, post-market. An investor conference call will take place on May 4, 2022, at 11:30 a.m. ET, accessible via telephone or a live audio webcast on their website. A replay of the call will be available until May 11, 2022. New York Mortgage Trust operates as a real estate investment trust (REIT), focusing on acquiring and managing mortgage-related residential assets.
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