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Dec 31, 2020
NYMT Q4 2020 Earnings Report
Reported solid results with GAAP earnings per share of $0.19 and comprehensive earnings per share of $0.22.
Key Takeaways
New York Mortgage Trust reported a solid fourth quarter with GAAP earnings per share of $0.19 and comprehensive earnings per share of $0.22. The company's book value per share was $4.71, up 3% from the prior quarter, resulting in an economic return of 5% for the quarter.
Completed a securitization of residential loans, resulting in approximately $299.3 million of net proceeds.
Acquired residential loans and Agency RMBS totaling $458.8 million.
Acquired multi-family preferred equity investments totaling approximately $30.7 million.
The Company had a solid fourth quarter, delivering $0.19 GAAP earnings per share and $0.22 in comprehensive earnings per share.
Forward Guidance
NYMT has emerged from an unprecedented year with renewed positions of strength and confidence that we believe are capable of delivering solid results for stockholders in 2021.
Positive Outlook
- Housing credit risk currently benefits from favorable trends.
- Low housing inventory for sale.
- Population shifts to the southern and southeast U.S.
- Sustainable earnings growth for housing and housing-related assets.
- Flexibility afforded by our low levered balance sheet.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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