New York Mortgage Trust Stock Price, News & Analysis

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.

New York Mortgage Trust (NYMT) reported its financial results for Q4 and the full year 2021. The company achieved a net income of $22.5 million for Q4 and $144.2 million for the entire year, with earnings per share of $0.06 and $0.38, respectively. The net interest income stood at $30.8 million for Q4, reflecting a margin of 3.63%. Key developments included the purchase of $606.2 million in residential loans and the issuance of Series G Preferred Stock, raising $72.1 million. A $200 million share repurchase program was also authorized, enhancing shareholder value.