New York Mortgage Trust ( (NYMT) ) has released its Q4 earnings. Here is a breakdown of the information New York Mortgage Trust presented to its investors.
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New York Mortgage Trust, Inc. is an internally-managed real estate investment trust (REIT) specializing in acquiring, investing in, financing, and managing primarily mortgage-related single-family and multi-family residential assets.
In the fourth quarter and full year of 2024, New York Mortgage Trust reported a significant net loss attributable to common stockholders, amounting to $41.8 million for the quarter and $103.8 million for the year. The company’s net interest income for the year stood at $83.9 million, highlighting a consistent income from interest despite the comprehensive loss.
During the fourth quarter, the company strategically invested in Agency RMBS and residential loans, alongside completing a significant securitization of residential loans, which generated substantial net proceeds. For the full year, NYMT engaged in notable investment activities, purchasing approximately $2.2 billion in securities and completing multiple securitizations and financing activities resulting in $1.3 billion in net proceeds.
Looking forward, the company remains committed to strategically deploying liquidity to expand its balance sheet, aiming to enhance recurring income. Despite the losses, its portfolio growth and strategic repositioning could potentially result in optimized returns and durable earnings in the future.
