New York Mortgage Trust Stock Price, News & Analysis

New York Mortgage Trust (NASDAQ:NYMT) has acquired the remaining 50% ownership stake in Constructive Loans, LLC through an all-cash transaction. This acquisition follows NYMT's initial strategic investment in Constructive from 2021 and marks a significant expansion of their business purpose lending strategy.

Constructive, which has originated over $1.7 billion in business purpose loans during the last twelve months ending June 30, 2025, will continue operating as an independent subsidiary with its current leadership team. The acquisition strengthens NYMT's position in residential credit markets and enhances access to Constructive's proprietary origination channels and third-party distribution network.

New York Mortgage Trust (Nasdaq: NYMT) has scheduled its second quarter 2025 financial results announcement and conference call. The company will release its financial results for the three and six months ended June 30, 2025 after market close on July 30, 2025.

The company will host a conference call and audio webcast on Thursday, July 31, 2025, at 9:00 a.m. Eastern Time. Investors can access the call through pre-registration, and a webcast replay will be available on the company's website for 12 months.

New York Mortgage Trust (Nasdaq: NYMT) has announced the pricing of an underwritten public offering of $85 million in 9.875% senior notes due 2030. The company has also granted underwriters a 30-day option to purchase up to an additional $12.75 million in notes to cover over-allotments.

The notes will trade under the symbol "NYMTH" on the Nasdaq Global Select Market, with trading expected to begin within 30 days of issuance. The notes will pay interest quarterly in cash, starting October 1, 2025, and will mature on October 1, 2030. The company may redeem the notes, in whole or in part, at its option on or after October 1, 2027.

The offering, expected to close on July 8, 2025, will be used for general corporate purposes, including acquiring targeted assets and various mortgage-, residential housing- and credit-related assets.

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.