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Mar 31, 2022
NYMT Q1 2022 Earnings Report
Reported results for the three months ended March 31, 2022.
Key Takeaways
New York Mortgage Trust reported a net loss attributable to common stockholders of $84.343 million, or $(0.22) per share. The company's undepreciated book value decreased by 6% due to market volatility and rising interest rates. However, the company strengthened its balance sheet by completing multiple loan securitizations and increased its allocation to high coupon, short duration residential investor loans, pushing portfolio yield to the highest level in nearly 10 years.
Net loss attributable to Company's common stockholders was $(84,343) thousand, or $(0.22) per share.
Purchased approximately $782.5 million in residential loans and $45.2 million in single-family rental properties.
Completed a securitization of residential loans, resulting in approximately $286.1 million in net proceeds.
Portfolio yield reached the highest level in nearly 10 years.
Forward Guidance
The company believes its focus on short duration residential loans and strong cash position will enable it to rapidly reposition its portfolio in a higher rate environment and capitalize on market opportunities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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