New York Mortgage Trust Stock Price, News & Analysis

New York Mortgage Trust (NYSE: NYMT) reported significant net losses for Q3 2022, totaling $125.8 million, which translated to a loss of $0.33 per common share. Despite a robust yield of 6.66% on average interest-earning assets and a net interest spread of 2.18%, the company's comprehensive loss was $126.9 million. Key actions included a $48 million sale of multi-family properties and a successful $220.8 million residential loan securitization. The company's book value per share stands at $3.65, and management anticipates opportunities amid current market volatility.

New York Mortgage Trust (NYSE: NYMT) announced preliminary estimates for Q3 2022, reporting a decline in book value per common share to between $3.62 and $3.66, down from $4.06 in Q2 2022. The undepreciated book value also decreased to an estimated $3.86-$3.90. The company's liquidity position remains strong with $336 million in cash and $586 million in unencumbered assets. A cash dividend of $0.10 per share will be paid on October 26, 2022. The conference call to discuss financial results is scheduled for November 3, 2022, following the earnings release on November 2.

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.