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Dec 31, 2022
NYMT Q4 2022 Earnings Report
Reported fourth quarter and full year 2022 results.
Key Takeaways
New York Mortgage Trust reported a net loss attributable to the Company's common stockholders of $48.08 million, or $0.13 per share, for the three months ended December 31, 2022. The company funded approximately $106.0 million of portfolio investments and repurchased $50.0 million par value of residential loan securitization CDOs for approximately $46.5 million.
Funded approximately $106.0 million of portfolio investments.
Repurchased $50.0 million par value of residential loan securitization CDOs for approximately $46.5 million.
Received approximately $36.2 million in proceeds from redemptions of Mezzanine Lending investments.
Repurchased 8.4 million shares of common stock pursuant to a stock repurchase program for approximately $22.5 million at an average repurchase price of $2.69 per share.
Forward Guidance
The market presented a limited set of attractive investment opportunities.The company continued to solidify funding sources and preserve dry powder. The company anticipates a considerable pullback in consumer spending to lead the economic downturn.
Positive Outlook
- Catalysts to trigger a downturn now in view
- Differentiated, patient approach as a winning one
- Stockholders will benefit from a steadfast path to seeking value in a disrupted environment.
- Solidify our funding sources
- Preserve dry powder
Challenges Ahead
- Retreating asset prices
- Increasing financing costs
- Limited set of attractive investment opportunities.
- Worsening economic backdrop
- Ongoing debate of either a ‘soft’ or ‘hard’ landing
Historical Earnings Impact
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Avg. Return Before/After Earnings
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