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 real estate investment trust specializing in mortgage-related assets and residential housing investments. This page serves as the definitive source for NYMT news, offering investors and analysts immediate access to official press releases and market-moving developments.
Our curated news collection provides essential updates on earnings reports, strategic investments, regulatory filings, and portfolio management decisions. Users can track the company's multi-family property acquisitions, CMBS transactions, and credit asset management through verified primary sources.
The resource prioritizes material developments affecting NYMT's position in residential mortgage-backed securities and mezzanine lending markets. Content categories include dividend declarations, asset portfolio changes, leadership updates, and compliance-related announcements relevant to REIT operations.
Bookmark this page for streamlined monitoring of NYMT's activities across key markets including New York, California, and Florida. Combine this news hub with our financial analysis tools for comprehensive investment research.
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.
AlphaFlow, a technology platform for real estate debt investment, announced a minority equity investment from New York Mortgage Trust (NASDAQ: NYMT). This strategic move follows years of collaboration between AlphaFlow and NYMT, facilitating access to private real estate lenders. AlphaFlow aims to enhance its technology platform and launch a new financing platform this summer using the funds. The investment reflects confidence in AlphaFlow's ability to innovate within the real estate lending sector, and it joins contributions from notable investors like Point72 Ventures.
New York Mortgage Trust (NASDAQ: NYMT) announced a quarterly cash dividend of $0.10 per share for the quarter ending March 31, 2022, payable on April 25, 2022. Shareholders of record as of March 24, 2022 will receive this dividend. Additionally, dividends were declared for various series of preferred stock, payable on April 15, 2022. Series D Preferred Stock will receive $0.50 per share, while Series E, F, and G Preferred Stocks will receive $0.4921875, $0.4296875, and $0.4375, respectively. This reflects the company's ongoing commitment to return value to shareholders.
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