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New York Mortgage Trust, Inc. - NYMT STOCK NEWS

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.

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New York Mortgage Trust (Nasdaq: NYMT) has announced its upcoming 2024 Second Quarter Conference Call, scheduled for Thursday, August 1, 2024, at 9:00 a.m. Eastern Time. The company will report its financial results for the three and six months ended June 30, 2024 after market close on July 31, 2024.

Interested parties can pre-register for the conference call using a provided link, which will furnish dial-in details. Additionally, a live audio webcast will be accessible through the company's website or a direct link. A replay of the webcast will be available on the Investor Relations section of NYMT's website for 12 months following the call.

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New York Mortgage Trust (NYMT) has announced the pricing of a $60 million public offering of 9.125% senior notes due in 2029. Underwriters have a 30-day option to purchase an additional $9 million. The offering is expected to close on June 28, 2024, subject to customary conditions. NYMT plans to list the notes on Nasdaq under the symbol 'NYMTI' within 30 days of issuance. The proceeds will be for general corporate purposes, including acquiring targeted assets. The notes are unsecured and will pay quarterly interest, starting October 1, 2024, maturing on July 1, 2029, with optional redemption starting July 1, 2026.

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New York Mortgage Trust (NYSE: NYMT) announced on June 18, 2024, that its Board of Directors declared a regular quarterly cash dividend of $0.20 per share on its common stock for Q2 2024. The dividend is payable on July 29, 2024, to shareholders recorded by June 28, 2024.

Additionally, the Board declared dividends on four series of preferred stocks: Series D ($0.50), Series E ($0.4921875), Series F ($0.4296875), and Series G ($0.4375). These dividends cover the period from April 15 to July 14, 2024, and are payable on July 15, 2024, to preferred shareholders recorded by July 1, 2024.

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New York Mortgage Trust, Inc. (NYMT) reported a net loss of $(68,340) for the first quarter of 2024, with a net loss per share of $(0.75). The company also saw a comprehensive loss of $(68,336) per share. Despite challenges in the JV Equity portfolio, the company remains optimistic about fixed income investments like short-duration mortgage credit and Agency RMBS. Key developments include investing in Agency RMBS and residential loans, as well as completing a securitization of business purpose loans. The CEO expects slow-to-moderate growth for the rest of the year with an increasing risk of recession.

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New York Mortgage Trust, Inc. (NYMT) is set to announce its financial results for the first quarter of 2024 on May 1, 2024. The company's executive management will host a conference call and audio webcast on May 2, 2024, at 9:00 a.m. Eastern Time. Investors can access the call and webcast through the Company's website.
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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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FAQ

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

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591.16M
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1.56%
57.31%
2.8%
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