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Dec 31, 2021
NYMT Q4 2021 Earnings Report
Reported results for the fourth quarter and full year 2021.
Key Takeaways
New York Mortgage Trust reported net income attributable to common stockholders of $22.46 million, or $0.06 per share, for the fourth quarter of 2021. The company's investment portfolio was transformed over the course of 2021 by continued pursuit of organically-sourced opportunities through proprietary loan and joint venture pipelines.
Purchased approximately $606.2 million in residential loans and received approximately $245.1 million in repayments.
Sold investment securities for aggregate proceeds of approximately $184.1 million.
Issued 7.000% Series G Cumulative Redeemable Preferred Stock for net proceeds of approximately $72.1 million and fully redeemed 7.750% Series B Cumulative Redeemable Preferred Stock for approximately $80.0 million.
Board of Directors authorized a share repurchase program for up to $200.0 million of the Company's common stock.
Revenue by Segment
Forward Guidance
The Company is taking a more offensive posture to pursue opportunities in the higher rate environment for continued portfolio growth. We believe this is the path to enhance earnings.
Positive Outlook
- Diversified portfolio growth strategy centered around recurring income streams will provide stability to earnings in 2022.
- Industry leading low Company recourse leverage.
- Flexibility aided by our low-cost operating structure.
- Taking a more offensive posture to pursue opportunities in the higher rate environment for continued portfolio growth.
- This is the path to enhance earnings.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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