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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.
New York Mortgage Trust (Nasdaq: NYMT) announced a quarterly cash dividend of $0.10 per share for the quarter ending June 30, 2021, payable on July 26, 2021, to stockholders of record by June 24, 2021. Additionally, dividends for the Company's preferred stock series were declared, with payment on July 15, 2021. Series B, C, D, and E preferred stock will see dividends ranging from $0.484375 to $0.4921875 per share. The company continues to operate as a REIT focused on mortgage-related assets.
New York Mortgage Trust (NYMT) reported its first-quarter 2021 results, showing a net income of $41.9 million, or $0.11 per share, and a comprehensive income of $44.8 million, or $0.12 per share. The portfolio's net interest margin increased to 2.42%, with a 17% rise in net interest income totaling $30.3 million.
The company sold $72.1 million in non-Agency RMBS and $39.5 million in CMBS, while purchasing $347.3 million in residential loans. It also completed a $100 million private placement of senior unsecured notes.
New York Mortgage Trust, Inc. (Nasdaq: NYMT) announced the completion of a private placement of $100 million in 5.75% senior unsecured notes due April 2026. The notes were issued at 100% of par, and the net proceeds will be utilized for new investments, repayment of existing debt, and general corporate purposes. Piper Sandler & Co. acted as the placement agent. It's important to note that these securities are unregistered under the Securities Act and may not be offered or sold in the U.S. unless registered or exempt.
New York Mortgage Trust (Nasdaq: NYMT) will report its financial results for Q1 2021 after the market closes on May 6, 2021. An earnings conference call will take place on May 7, 2021, at 9:00 a.m. ET, accessible via phone at 877-312-8806 or online through their website. A replay of the call can be accessed by calling 855-859-2056 with the conference ID 9058197, available until May 14, 2021. NYMT operates as a real estate investment trust focused on mortgage-related residential assets.
On March 15, 2021, New York Mortgage Trust (NASDAQ: NYMT) declared a quarterly cash dividend of $0.10 per share for the quarter ending March 31, 2021, payable on April 26, 2021. The record date for this dividend is March 25, 2021. Additionally, dividends were announced for the company’s preferred stock, including a cash dividend of $0.484375 per share for Series B, amongst others, all payable on April 15, 2021.
New York Mortgage Trust (NYSE: NYMT) reported its financial results for Q4 and FY 2020, revealing a net income of $70.1 million in Q4 but a full-year loss of $329.7 million. The Book Value per share remained stable at $4.71, with a 5.02% economic return for Q4, contrasting with a disappointing -14.62% for the year. The firm completed a $299.3 million securitization and expanded its portfolio with $459.5 million in acquisitions. Management highlighted resilience amid COVID-19 market disruptions, noting recovery in asset values and the reinstatement of dividend payments.
New York Mortgage Trust (Nasdaq: NYMT) plans to release its financial results for Q4 and the full year ending December 31, 2020, after market close on February 24, 2021. An earnings call with executive management will take place on February 25, 2021, at 9:00 AM ET. Attendees can listen via a live audio webcast on the company’s website. A recording of the call will be accessible until March 4, 2021. NYMT is a real estate investment trust focused on managing mortgage-related residential assets.
New York Mortgage Trust, Inc. (NASDAQ: NYMT) announced tax treatment for its 2020 common and preferred stock dividends. The distributions include $0.225 per common share, $1.9375 per Series B preferred share, $1.96875 per Series C preferred share, $2.00 per Series D preferred share, and $1.952343 per Series E preferred share. Stockholders are advised to review their tax statements and consult tax professionals regarding these dividend distributions. The record and payment dates for each dividend are provided to assist in tax reporting.
New York Mortgage Trust (Nasdaq: NYMT) announced a regular quarterly cash dividend of $0.10 per share for the quarter ending December 31, 2020, payable on January 25, 2021. Shareholders of record as of December 17, 2020 will receive the dividend. Additionally, dividends for its Series B, C, D, and E Preferred Stocks will be distributed with a record date of January 1, 2021 and payment on January 15, 2021, with cash dividends per share ranging from $0.484375 to $0.50.
New York Mortgage Trust (NYMT) reported a strong third quarter 2020, with net income of $91,344,000, translating to $0.24 per share. Net interest income stood at $25,529,000, and book value increased to $4.58, up 5% from the previous quarter. The comprehensive income per share rose to $0.30. Key developments included a securitization of residential loans generating $241.1 million and reduced mark-to-market financing to $626 million. The company declared a dividend of $0.075 per share, resulting in a total economic return of 7.0% for the quarter.
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