Loading...
•
Sep 30, 2022
NYMT Q3 2022 Earnings Report
Reported a net loss attributable to Company's common stockholders of $(125,770) thousand and adjusted net interest income of $30,357 thousand.
Key Takeaways
New York Mortgage Trust reported results for the third quarter of 2022, with a net loss attributable to common stockholders of $(125,770) thousand, or $(0.33) per share. The company sold its multi-family apartment community for approximately $48.0 million, generating a net gain of approximately $14.4 million. They also sold investment securities for approximately $36.2 million, recognizing a realized gain of approximately $18.0 million.
Net loss attributable to Company's common stockholders was $(125,770) thousand, or $(0.33) per share.
Adjusted net interest income was $30,357 thousand.
A joint venture sold its multi-family apartment community for approximately $48.0 million, generating a net gain of approximately $14.4 million.
Sold investment securities for approximately $36.2 million and recognized a realized gain of approximately $18.0 million.
Revenue by Segment
Forward Guidance
The company is well-positioned to rotate and take advantage of the emerging dislocation in this higher rate environment, believing opportunities in this channel will provide a superior path to capital deployment for attractive risk-adjusted returns.
Positive Outlook
- Pivot to halting asset pipeline activity proved appropriate.
- Enhanced balance sheet while minimizing book value decline.
- Constraining strategies that deeply depend on securitization market execution.
- Limiting mark-to-market financing exposure.
- Constructing a short-duration investment portfolio that allows us to maintain elevated unrestricted cash.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...