An announcement from New York Mortgage ( (NYMT) ) is now available.
In its report for the fourth quarter and full year 2024, New York Mortgage Trust revealed a net loss of $41.8 million for the quarter and $103.8 million for the year, attributed to its common shareholders. Despite these losses, the company achieved significant investment activities, including purchasing $2.2 billion in investment securities and $1.9 billion in residential loans, and completed multiple securitizations and sales of multi-family apartment communities, generating substantial proceeds and gains. The company’s strategic focus on expanding its portfolio by $2.2 billion in 2024, particularly in liquid agency bond and higher-spread bridge loan markets, led to a 60% increase in adjusted interest income year-over-year, positioning it for future earnings growth.
More about New York Mortgage
New York Mortgage Trust, Inc. operates within the mortgage finance industry, primarily dealing in residential mortgage-backed securities (RMBS) and residential loans. The company focuses on investing in assets that generate reliable income, with a market strategy that includes acquiring agency RMBS and residential loans with higher yields.
YTD Price Performance: -1.30%
Average Trading Volume: 706,250
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $548.9M
For a thorough assessment of NYMT stock, go to TipRanks’ Stock Analysis page.