EarningsEarnings estimates remain below current dividend, putting the dividend at risk of being reduced without a change in strategy or substantial monetizations.
Financial PerformanceNYMT reported 2Q24 results with a net loss of ($0.29)/sh vs. its $0.20 dividend, so book value per share was down 5.1%.
Real Estate MarketA soft market for multi-family real estate, caused largely by high interest rates, resulted in continued losses on NYMT's joint venture equity positions in multi-family real estate.