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Dec 31, 2024
NYMT Q4 2024 Earnings Report
New York Mortgage Trust reported its financial results for the fourth quarter and full year ended December 31, 2024.
Key Takeaways
New York Mortgage Trust reported a net loss attributable to common stockholders of $41.8 million for Q4 2024, with a basic EPS of -$0.46. The company's total assets increased to $9.2 billion, and it saw an increase in net interest income to $26.7 million for the quarter.
Net loss attributable to Company's common stockholders was $41.8 million for Q4 2024.
Basic earnings per common share (EPS) for Q4 2024 was -$0.46.
Total net interest income for Q4 2024 was $26.7 million.
Total assets increased to $9.2 billion as of December 31, 2024.
Revenue by Segment
Forward Guidance
The company's Board of Directors approved extensions of its common stock and preferred stock repurchase programs, indicating a continued focus on shareholder returns and capital management.
Positive Outlook
- Extension of common stock repurchase program with $189.7 million remaining available.
- Extension of preferred stock repurchase program with $97.6 million remaining available.
- Repurchase program extensions indicate confidence in future performance and commitment to shareholder value.
- Strategic deployment of excess liquidity to expand balance sheet and enhance recurring income.
- Portfolio growth of $2.2 billion, or 44%, driven by acquisitions in liquid agency bond markets and higher-spread bridge loan markets.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- The company did not provide quantitative financial targets for future periods.
- Potential market volatility and interest rate changes could impact future performance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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