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.
Adamas Trust, Inc., formerly New York Mortgage Trust, reports developments tied to its internally managed REIT platform for mortgage-related residential assets. The company acquires, invests in, finances and manages primarily single-family and multi-family residential assets, and its news commonly covers quarterly results, common and preferred stock dividends, portfolio positioning, Agency RMBS exposure and financing actions.
Company updates also include its completed rebrand from NYMT to ADAM and the completed acquisition of Constructive Loans, LLC, an originator of business purpose loans for residential real estate investors that operates as a subsidiary. Other recurring themes include senior notes, consent solicitations, shareholder voting matters, capital-structure disclosures and governance updates.
Adamas Trust (Nasdaq: ADAM) has declared its quarterly dividend distributions for both common and preferred stockholders. The company will pay a regular quarterly cash dividend of $0.23 per share on common stock for Q3 2025, payable on October 30, 2025, to stockholders of record as of September 25, 2025.
Additionally, the Board declared dividends on four series of preferred stock: Series D ($0.50/share), Series E ($0.7032991/share), Series F ($0.4296875/share), and Series G ($0.4375/share). These preferred stock dividends cover the period from July 15, 2025, to October 14, 2025, with a record date of October 1, 2025, and payment date of October 15, 2025.
New York Mortgage Trust (NASDAQ:NYMT) announced its corporate rebranding to Adamas Trust, Inc., effective September 3, 2025, with its common stock trading under the new ticker symbol "ADAM". The rebranding reflects the company's evolution into a multi-dimensional investment platform, following a 55% expansion in interest income through portfolio realignment focused on Agency RMBS.
The company recently acquired Constructive Loans, LLC, a leading business purpose loan originator for residential real estate investors. All preferred stock series and senior notes will receive corresponding new ticker symbols. The rebranding will not affect business operations, stockholder rights, or REIT status.
New York Mortgage Trust (NASDAQ:NYMT) reported its Q2 2025 results, posting a net loss of $3.49 million ($0.04 per share), while earnings available for distribution reached $20.02 million ($0.22 per share). The company declared a dividend of $0.20 per share.
Key developments include the acquisition of $503.7 million in Agency investments and $280.2 million in residential loans. Post-quarter, NYMT issued $90 million in Senior Notes, acquired the remaining 50% stake in Constructive Loans for $38.4 million, and completed a residential loan securitization generating $345.9 million in net proceeds.
The company maintained a portfolio recourse leverage ratio of 3.6x and reported a book value per share of $9.11. Net interest income was $36.45 million, with a net interest spread of 1.50%.
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 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.