Annual Income Statements for New York Mortgage Trust
This table shows New York Mortgage Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for New York Mortgage Trust
This table shows New York Mortgage Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
-126 |
-48 |
11 |
-37 |
-95 |
31 |
-68 |
-26 |
65 |
-74 |
Consolidated Net Income / (Loss) |
|
-117 |
-29 |
23 |
-23 |
-129 |
87 |
-80 |
-18 |
43 |
-72 |
Net Income / (Loss) Continuing Operations |
|
-118 |
-43 |
14 |
-31 |
-94 |
33 |
-80 |
-24 |
40 |
-30 |
Total Pre-Tax Income |
|
-117 |
-28 |
23 |
-23 |
-129 |
87 |
-80 |
-18 |
43 |
-71 |
Total Revenue |
|
94 |
-204 |
70 |
25 |
40 |
1.90 |
-56 |
31 |
128 |
165 |
Net Interest Income / (Expense) |
|
30 |
22 |
18 |
15 |
17 |
17 |
0.00 |
19 |
20 |
362 |
Total Interest Income |
|
69 |
-66 |
57 |
15 |
17 |
-23 |
0.00 |
19 |
108 |
274 |
Total Interest Expense |
|
39 |
-89 |
39 |
0.00 |
0.00 |
-39 |
0.00 |
0.00 |
88 |
-88 |
Total Non-Interest Income |
|
64 |
-226 |
52 |
9.96 |
23 |
-15 |
-56 |
12 |
108 |
-197 |
Net Realized & Unrealized Capital Gains on Investments |
|
16 |
16 |
-8.95 |
-7.76 |
-11 |
-3.13 |
-56 |
-13 |
35 |
-129 |
Total Non-Interest Expense |
|
56 |
-34 |
47 |
49 |
109 |
-26 |
24 |
48 |
88 |
250 |
Other Operating Expenses |
|
23 |
-40 |
41 |
42 |
103 |
-32 |
24 |
36 |
69 |
240 |
Income Tax Expense |
|
-0.33 |
0.80 |
0.02 |
-0.02 |
-0.06 |
0.13 |
-0.11 |
0.34 |
2.33 |
-1.52 |
Preferred Stock Dividends Declared |
|
10 |
10 |
10 |
10 |
10 |
10 |
10 |
10 |
10 |
10 |
Net Income / (Loss) Attributable to Noncontrolling Interest |
|
-2.62 |
-5.64 |
-6.70 |
-3.89 |
-9.36 |
-9.18 |
-22 |
-8.49 |
-2.38 |
1.11 |
Basic Earnings per Share |
|
($1.33) |
($0.51) |
$0.12 |
($0.41) |
($1.04) |
$0.35 |
($0.75) |
($0.29) |
$0.36 |
($0.82) |
Weighted Average Basic Shares Outstanding |
|
94.27M |
94.32M |
91.31M |
91.19M |
90.98M |
91.04M |
91.12M |
90.99M |
90.58M |
90.82M |
Diluted Earnings per Share |
|
($1.33) |
($0.51) |
$0.11 |
($0.41) |
($1.04) |
$0.35 |
($0.75) |
($0.29) |
$0.36 |
($0.82) |
Weighted Average Diluted Shares Outstanding |
|
94.27M |
94.32M |
91.67M |
91.19M |
90.98M |
91.04M |
91.12M |
90.99M |
90.59M |
90.82M |
Basic & Diluted Earnings per Share |
|
- |
($0.51) |
- |
- |
- |
$0.35 |
- |
- |
- |
($0.82) |
Weighted Average Basic & Diluted Shares Outstanding |
|
371.06M |
365.64M |
91.18M |
91.25M |
90.68M |
91.23M |
91.23M |
90.58M |
90.58M |
90.57M |
Cash Dividends to Common per Share |
|
$0.10 |
$0.51 |
$0.40 |
$0.30 |
$0.30 |
$0.41 |
$0.20 |
$0.20 |
$0.20 |
$0.31 |
Annual Cash Flow Statements for New York Mortgage Trust
This table details how cash moves in and out of New York Mortgage Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
43 |
-50 |
-1.62 |
Net Cash From Operating Activities |
92 |
30 |
14 |
Net Cash From Continuing Operating Activities |
92 |
30 |
14 |
Net Income / (Loss) Continuing Operations |
-341 |
-78 |
-94 |
Consolidated Net Income / (Loss) |
-341 |
-78 |
-94 |
Depreciation Expense |
127 |
25 |
40 |
Amortization Expense |
26 |
28 |
20 |
Non-Cash Adjustments to Reconcile Net Income |
294 |
72 |
63 |
Changes in Operating Assets and Liabilities, net |
-15 |
-17 |
-15 |
Net Cash From Investing Activities |
-509 |
-1,220 |
-2,244 |
Net Cash From Continuing Investing Activities |
-509 |
-1,220 |
-2,235 |
Purchase of Property, Leasehold Improvements and Equipment |
-209 |
-50 |
-25 |
Acquisitions |
-28 |
-52 |
-1.50 |
Purchase of Investment Securities |
-1,939 |
-2,603 |
-4,077 |
Divestitures |
137 |
231 |
164 |
Sale and/or Maturity of Investments |
1,531 |
1,283 |
1,637 |
Other Investing Activities, net |
0.00 |
-27 |
67 |
Net Cash From Financing Activities |
460 |
1,140 |
2,229 |
Net Cash From Continuing Financing Activities |
460 |
1,140 |
2,229 |
Issuance of Debt |
973 |
-149 |
1,356 |
Repayment of Debt |
-253 |
-46 |
-61 |
Repurchase of Preferred Equity |
0.00 |
-2.44 |
0.00 |
Repurchase of Common Equity |
-44 |
-8.62 |
-3.49 |
Payment of Dividends |
-193 |
-171 |
-117 |
Other Financing Activities, Net |
-23 |
1,517 |
1,054 |
Cash Interest Paid |
161 |
250 |
345 |
Cash Income Taxes Paid |
2.67 |
0.23 |
-0.03 |
Quarterly Cash Flow Statements for New York Mortgage Trust
This table details how cash moves in and out of New York Mortgage Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-72 |
-99 |
-38 |
2.47 |
9.96 |
-25 |
60 |
-23 |
-36 |
-2.97 |
Net Cash From Operating Activities |
|
5.17 |
8.41 |
-11 |
-0.10 |
28 |
13 |
-13 |
-0.99 |
-0.92 |
29 |
Net Cash From Continuing Operating Activities |
|
5.17 |
8.41 |
-11 |
-0.10 |
28 |
13 |
-13 |
-0.99 |
-0.92 |
29 |
Net Income / (Loss) Continuing Operations |
|
-118 |
-43 |
14 |
-31 |
-94 |
33 |
-80 |
-24 |
40 |
-30 |
Consolidated Net Income / (Loss) |
|
-118 |
-43 |
14 |
-31 |
-94 |
33 |
-80 |
-24 |
40 |
-30 |
Depreciation Expense |
|
33 |
5.91 |
6.04 |
6.13 |
6.20 |
6.25 |
13 |
12 |
8.13 |
6.88 |
Amortization Expense |
|
5.90 |
7.41 |
7.74 |
7.21 |
6.43 |
6.12 |
2.31 |
6.67 |
5.70 |
5.55 |
Non-Cash Adjustments to Reconcile Net Income |
|
88 |
51 |
-21 |
16 |
99 |
-22 |
57 |
5.91 |
-46 |
45 |
Changes in Operating Assets and Liabilities, net |
|
-3.79 |
-12 |
-18 |
1.19 |
10 |
-10 |
-5.21 |
-1.72 |
-9.59 |
1.48 |
Net Cash From Investing Activities |
|
311 |
291 |
57 |
-121 |
-758 |
-397 |
-254 |
-572 |
-834 |
-584 |
Net Cash From Continuing Investing Activities |
|
311 |
291 |
57 |
-121 |
-758 |
-397 |
-254 |
-572 |
-834 |
-575 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-23 |
-13 |
-18 |
-15 |
-12 |
-5.61 |
-5.99 |
-7.57 |
-7.64 |
-3.45 |
Purchase of Investment Securities |
|
-104 |
-67 |
-215 |
-646 |
-1,127 |
-615 |
-603 |
-930 |
-1,333 |
-1,211 |
Divestitures |
|
48 |
30 |
1.11 |
188 |
1.80 |
39 |
4.82 |
14 |
96 |
50 |
Sale and/or Maturity of Investments |
|
391 |
370 |
292 |
335 |
358 |
298 |
315 |
349 |
468 |
505 |
Other Investing Activities, net |
|
- |
- |
-2.49 |
16 |
21 |
-62 |
34 |
3.36 |
-57 |
86 |
Net Cash From Financing Activities |
|
-388 |
-399 |
-84 |
124 |
740 |
360 |
327 |
551 |
799 |
552 |
Net Cash From Continuing Financing Activities |
|
-388 |
-399 |
-84 |
124 |
740 |
360 |
327 |
551 |
799 |
552 |
Issuance of Debt |
|
233 |
231 |
14 |
-14 |
- |
-149 |
501 |
303 |
311 |
240 |
Repayment of Debt |
|
-74 |
115 |
-91 |
-169 |
-63 |
276 |
-183 |
-159 |
-134 |
415 |
Payment of Dividends |
|
-49 |
-48 |
-48 |
-47 |
-38 |
-38 |
-31 |
-29 |
-29 |
-29 |
Other Financing Activities, Net |
|
-484 |
-674 |
46 |
354 |
847 |
270 |
39 |
439 |
650 |
-74 |
Cash Interest Paid |
|
45 |
55 |
55 |
61 |
59 |
75 |
75 |
82 |
92 |
96 |
Cash Income Taxes Paid |
|
0.17 |
2.40 |
0.00 |
0.24 |
0.03 |
-0.04 |
0.15 |
-0.25 |
- |
0.07 |
Annual Balance Sheets for New York Mortgage Trust
This table presents New York Mortgage Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Total Assets |
6,241 |
7,401 |
9,217 |
Cash and Due from Banks |
245 |
187 |
167 |
Trading Account Securities |
3,804 |
5,245 |
7,784 |
Loans and Leases, Net of Allowance |
0.00 |
0.00 |
0.00 |
Other Assets |
2,192 |
1,969 |
1,266 |
Total Liabilities & Shareholders' Equity |
6,241 |
7,401 |
9,217 |
Total Liabilities |
4,377 |
5,773 |
7,806 |
Short-Term Debt |
737 |
2,471 |
4,012 |
Long-Term Debt |
2,640 |
2,798 |
3,549 |
Other Long-Term Liabilities |
1,000 |
504 |
245 |
Commitments & Contingencies |
0.00 |
0.00 |
0.00 |
Redeemable Noncontrolling Interest |
64 |
28 |
12 |
Total Equity & Noncontrolling Interests |
1,800 |
1,600 |
1,399 |
Total Preferred & Common Equity |
1,767 |
1,580 |
1,395 |
Preferred Stock |
538 |
535 |
535 |
Total Common Equity |
1,229 |
1,044 |
859 |
Common Stock |
2,284 |
2,298 |
2,290 |
Retained Earnings |
-1,053 |
-1,254 |
-1,431 |
Accumulated Other Comprehensive Income / (Loss) |
-1.97 |
-0.00 |
0.00 |
Noncontrolling Interest |
33 |
20 |
4.06 |
Quarterly Balance Sheets for New York Mortgage Trust
This table presents New York Mortgage Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
6,769 |
6,170 |
6,279 |
6,938 |
7,447 |
8,229 |
8,906 |
Cash and Due from Banks |
|
355 |
228 |
232 |
228 |
227 |
236 |
195 |
Trading Account Securities |
|
4,242 |
3,769 |
4,040 |
4,850 |
5,482 |
6,411 |
7,309 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Other Assets |
|
2,173 |
2,174 |
2,007 |
1,859 |
1,737 |
1,582 |
1,402 |
Total Liabilities & Shareholders' Equity |
|
6,769 |
6,170 |
6,279 |
6,938 |
7,447 |
8,229 |
8,906 |
Total Liabilities |
|
4,788 |
4,347 |
4,525 |
5,321 |
5,927 |
6,764 |
7,434 |
Short-Term Debt |
|
1,215 |
788 |
1,145 |
1,995 |
2,512 |
2,952 |
3,611 |
Long-Term Debt |
|
2,500 |
2,569 |
2,527 |
2,443 |
3,182 |
3,346 |
3,499 |
Other Long-Term Liabilities |
|
1,073 |
990 |
854 |
884 |
233 |
466 |
324 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Redeemable Noncontrolling Interest |
|
28 |
54 |
35 |
21 |
20 |
23 |
22 |
Total Equity & Noncontrolling Interests |
|
1,954 |
1,769 |
1,719 |
1,596 |
1,499 |
1,442 |
1,450 |
Total Preferred & Common Equity |
|
1,918 |
1,738 |
1,691 |
1,575 |
1,485 |
1,432 |
1,444 |
Preferred Stock |
|
538 |
538 |
537 |
535 |
535 |
535 |
535 |
Total Common Equity |
|
1,379 |
1,200 |
1,154 |
1,040 |
950 |
896 |
909 |
Common Stock |
|
2,347 |
2,280 |
2,300 |
2,308 |
2,290 |
2,282 |
2,280 |
Retained Earnings |
|
-966 |
-1,079 |
-1,144 |
-1,266 |
-1,341 |
-1,385 |
-1,371 |
Accumulated Other Comprehensive Income / (Loss) |
|
-2.05 |
-1.38 |
-1.76 |
-1.83 |
0.00 |
0.00 |
0.00 |
Noncontrolling Interest |
|
37 |
31 |
28 |
20 |
14 |
9.75 |
5.99 |
Annual Metrics And Ratios for New York Mortgage Trust
This table displays calculated financial ratios and metrics derived from New York Mortgage Trust's official financial filings.
Metric |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
Revenue Growth |
-148.16% |
213.58% |
95.62% |
EBITDA Growth |
-188.90% |
105.60% |
-956.77% |
EBIT Growth |
-328.98% |
86.91% |
-235.20% |
NOPAT Growth |
-262.56% |
86.91% |
-235.20% |
Net Income Growth |
-287.74% |
86.91% |
-199.44% |
EPS Growth |
-287.74% |
72.58% |
-15.15% |
Operating Cash Flow Growth |
-33.93% |
-67.37% |
-53.02% |
Free Cash Flow Firm Growth |
103.61% |
-5,918.92% |
-29.00% |
Invested Capital Growth |
-4.66% |
31.60% |
30.09% |
Revenue Q/Q Growth |
-164.63% |
299.23% |
155.99% |
EBITDA Q/Q Growth |
-362.48% |
105.17% |
-378.81% |
EBIT Q/Q Growth |
-260.37% |
82.24% |
-368.36% |
NOPAT Q/Q Growth |
-260.37% |
73.02% |
-445.54% |
Net Income Q/Q Growth |
-17.65% |
73.10% |
-508.05% |
EPS Q/Q Growth |
-17.65% |
46.77% |
-5,800.00% |
Operating Cash Flow Q/Q Growth |
-36.39% |
18.46% |
815.72% |
Free Cash Flow Firm Q/Q Growth |
102.99% |
-260.69% |
12.98% |
Invested Capital Q/Q Growth |
-8.00% |
13.93% |
4.55% |
Profitability Metrics |
- |
- |
- |
EBITDA Margin |
0.00% |
7.03% |
-30.79% |
EBIT Margin |
0.00% |
-31.06% |
-53.22% |
Profit (Net Income) Margin |
0.00% |
-31.11% |
-47.62% |
Tax Burden Percent |
100.17% |
100.18% |
100.82% |
Interest Burden Percent |
100.00% |
100.00% |
88.76% |
Effective Tax Rate |
0.00% |
0.00% |
0.00% |
Return on Invested Capital (ROIC) |
0.00% |
-0.49% |
-1.26% |
ROIC Less NNEP Spread (ROIC-NNEP) |
0.00% |
-0.79% |
-1.69% |
Return on Net Nonoperating Assets (RNNOA) |
0.00% |
-1.95% |
-7.13% |
Return on Equity (ROE) |
-15.14% |
-2.44% |
-8.39% |
Cash Return on Invested Capital (CROIC) |
0.54% |
-27.78% |
-27.41% |
Operating Return on Assets (OROA) |
0.00% |
-0.62% |
-1.71% |
Return on Assets (ROA) |
0.00% |
-0.62% |
-1.53% |
Return on Common Equity (ROCE) |
-10.69% |
-1.59% |
-5.25% |
Return on Equity Simple (ROE_SIMPLE) |
-18.41% |
-2.70% |
-9.14% |
Net Operating Profit after Tax (NOPAT) |
-227 |
-30 |
-100 |
NOPAT Margin |
0.00% |
-21.74% |
-37.25% |
Net Nonoperating Expense Percent (NNEP) |
3.04% |
0.30% |
0.43% |
SG&A Expenses to Revenue |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
0.00% |
131.06% |
153.22% |
Earnings before Interest and Taxes (EBIT) |
-325 |
-43 |
-142 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
-172 |
9.62 |
-82 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
0.60 |
0.65 |
0.64 |
Price to Tangible Book Value (P/TBV) |
0.60 |
0.65 |
0.64 |
Price to Revenue (P/Rev) |
0.00 |
4.97 |
2.05 |
Price to Earnings (P/E) |
0.00 |
0.00 |
0.00 |
Dividend Yield |
20.15% |
15.99% |
13.20% |
Earnings Yield |
0.00% |
0.00% |
0.00% |
Enterprise Value to Invested Capital (EV/IC) |
0.86 |
0.92 |
0.95 |
Enterprise Value to Revenue (EV/Rev) |
0.00 |
46.38 |
31.73 |
Enterprise Value to EBITDA (EV/EBITDA) |
0.00 |
659.74 |
0.00 |
Enterprise Value to EBIT (EV/EBIT) |
0.00 |
0.00 |
0.00 |
Enterprise Value to NOPAT (EV/NOPAT) |
0.00 |
0.00 |
0.00 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
49.07 |
211.89 |
603.71 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
155.43 |
0.00 |
0.00 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
1.81 |
3.24 |
5.36 |
Long-Term Debt to Equity |
1.42 |
1.72 |
2.52 |
Financial Leverage |
1.50 |
2.48 |
4.22 |
Leverage Ratio |
2.77 |
3.91 |
5.47 |
Compound Leverage Factor |
2.77 |
3.91 |
4.85 |
Debt to Total Capital |
64.43% |
76.39% |
84.27% |
Short-Term Debt to Total Capital |
14.06% |
35.83% |
44.72% |
Long-Term Debt to Total Capital |
50.37% |
40.57% |
39.56% |
Preferred Equity to Total Capital |
10.27% |
7.76% |
5.97% |
Noncontrolling Interests to Total Capital |
1.85% |
0.70% |
0.18% |
Common Equity to Total Capital |
23.45% |
15.14% |
9.58% |
Debt to EBITDA |
-19.66 |
547.73 |
-91.74 |
Net Debt to EBITDA |
-18.24 |
528.28 |
-89.71 |
Long-Term Debt to EBITDA |
-15.37 |
290.86 |
-43.06 |
Debt to NOPAT |
-14.86 |
-177.11 |
-75.82 |
Net Debt to NOPAT |
-13.78 |
-170.83 |
-74.15 |
Long-Term Debt to NOPAT |
-11.61 |
-94.05 |
-35.59 |
Noncontrolling Interest Sharing Ratio |
29.43% |
34.91% |
37.37% |
Liquidity Ratios |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
29 |
-1,686 |
-2,175 |
Operating Cash Flow to CapEx |
43.84% |
59.42% |
57.09% |
Free Cash Flow to Firm to Interest Expense |
0.00 |
0.00 |
0.00 |
Operating Cash Flow to Interest Expense |
0.00 |
0.00 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
0.00 |
0.00 |
0.00 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.00 |
0.02 |
0.03 |
Fixed Asset Turnover |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
5,241 |
6,897 |
8,973 |
Invested Capital Turnover |
0.00 |
0.02 |
0.03 |
Increase / (Decrease) in Invested Capital |
-256 |
1,656 |
2,075 |
Enterprise Value (EV) |
4,504 |
6,347 |
8,495 |
Market Capitalization |
737 |
681 |
549 |
Book Value per Share |
$3.31 |
$11.51 |
$9.49 |
Tangible Book Value per Share |
$3.31 |
$11.51 |
$9.49 |
Total Capital |
5,241 |
6,897 |
8,973 |
Total Debt |
3,377 |
5,269 |
7,561 |
Total Long-Term Debt |
2,640 |
2,798 |
3,549 |
Net Debt |
3,132 |
5,082 |
7,394 |
Capital Expenditures (CapEx) |
209 |
50 |
25 |
Net Nonoperating Expense (NNE) |
98 |
13 |
28 |
Net Nonoperating Obligations (NNO) |
3,377 |
5,269 |
7,561 |
Total Depreciation and Amortization (D&A) |
153 |
52 |
60 |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
($3.60) |
($0.99) |
($1.14) |
Adjusted Weighted Average Basic Shares Outstanding |
94.32M |
91.04M |
90.82M |
Adjusted Diluted Earnings per Share |
($3.60) |
($0.99) |
($1.14) |
Adjusted Weighted Average Diluted Shares Outstanding |
94.32M |
91.04M |
90.82M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
91.41M |
91.23M |
90.57M |
Normalized Net Operating Profit after Tax (NOPAT) |
-227 |
-30 |
-100 |
Normalized NOPAT Margin |
0.00% |
-21.74% |
-37.25% |
Pre Tax Income Margin |
0.00% |
-31.06% |
-47.23% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
0.00 |
0.00 |
0.00 |
NOPAT to Interest Expense |
0.00 |
0.00 |
0.00 |
EBIT Less CapEx to Interest Expense |
0.00 |
0.00 |
0.00 |
NOPAT Less CapEx to Interest Expense |
0.00 |
0.00 |
0.00 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
-59.39% |
-400.93% |
-91.54% |
Augmented Payout Ratio |
-73.04% |
-421.16% |
-94.28% |
Quarterly Metrics And Ratios for New York Mortgage Trust
This table displays calculated financial ratios and metrics derived from New York Mortgage Trust's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
122.37% |
-297.19% |
487.85% |
247.89% |
-57.85% |
100.94% |
-179.42% |
22.23% |
222.32% |
8,567.80% |
EBITDA Growth |
|
178.27% |
-292.33% |
168.68% |
74.19% |
-173.74% |
125.50% |
-277.16% |
110.86% |
194.78% |
-281.46% |
EBIT Growth |
|
168.70% |
-359.61% |
124.29% |
76.26% |
-281.57% |
116.19% |
-447.84% |
24.10% |
157.65% |
-408.60% |
NOPAT Growth |
|
92.56% |
-132.21% |
134.68% |
76.26% |
-281.57% |
536.08% |
-343.66% |
24.10% |
183.19% |
-157.71% |
Net Income Growth |
|
-327.76% |
-248.35% |
125.94% |
74.19% |
-10.38% |
396.84% |
-447.60% |
22.59% |
133.30% |
-183.44% |
EPS Growth |
|
-327.76% |
-248.35% |
112.36% |
52.33% |
21.80% |
168.63% |
-781.82% |
29.27% |
134.62% |
-334.29% |
Operating Cash Flow Growth |
|
22.91% |
-86.19% |
-129.87% |
-100.25% |
448.70% |
55.48% |
-15.14% |
-883.17% |
-103.25% |
122.62% |
Free Cash Flow Firm Growth |
|
-271.52% |
126.81% |
164.25% |
163.52% |
53.79% |
-763.95% |
-274.66% |
-244.47% |
-512.99% |
-35.38% |
Invested Capital Growth |
|
18.89% |
-4.66% |
-18.46% |
-23.24% |
6.27% |
31.60% |
39.25% |
43.09% |
41.76% |
30.09% |
Revenue Q/Q Growth |
|
1,203.58% |
-316.54% |
134.48% |
-64.26% |
57.94% |
-95.20% |
-352.37% |
155.01% |
316.48% |
29.18% |
EBITDA Q/Q Growth |
|
296.64% |
-302.39% |
123.59% |
-127.49% |
-461.89% |
169.97% |
-2,147.50% |
101.69% |
4,803.55% |
-233.97% |
EBIT Q/Q Growth |
|
138.73% |
-542.52% |
113.60% |
-201.86% |
-196.26% |
139.46% |
-772.64% |
77.77% |
325.04% |
-311.22% |
NOPAT Q/Q Growth |
|
138.73% |
-174.06% |
215.98% |
-171.35% |
-196.26% |
277.88% |
-212.30% |
77.77% |
424.71% |
-223.41% |
Net Income Q/Q Growth |
|
-28.36% |
74.99% |
178.94% |
-201.86% |
-448.98% |
167.24% |
-260.21% |
77.32% |
336.15% |
-268.50% |
EPS Q/Q Growth |
|
-28.36% |
74.99% |
121.57% |
-472.73% |
-153.66% |
133.65% |
-314.29% |
61.33% |
224.14% |
-327.78% |
Operating Cash Flow Q/Q Growth |
|
-87.08% |
62.65% |
-235.57% |
99.11% |
28,198.02% |
-53.91% |
-200.39% |
92.44% |
7.15% |
3,257.92% |
Free Cash Flow Firm Q/Q Growth |
|
65.70% |
126.92% |
405.93% |
35.98% |
-124.95% |
-286.79% |
-30.06% |
-12.48% |
-5.87% |
14.58% |
Invested Capital Q/Q Growth |
|
-19.41% |
-8.00% |
-1.15% |
4.73% |
11.58% |
13.93% |
4.59% |
7.61% |
10.55% |
4.55% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
81.99% |
0.00% |
52.43% |
-40.32% |
-143.45% |
2,089.60% |
0.00% |
3.58% |
42.18% |
-43.75% |
EBIT Margin |
|
40.70% |
0.00% |
32.80% |
-93.47% |
-175.32% |
1,440.23% |
0.00% |
-58.04% |
31.36% |
-51.28% |
Profit (Net Income) Margin |
|
-123.96% |
0.00% |
32.78% |
-93.39% |
-324.64% |
4,544.54% |
0.00% |
-59.15% |
33.54% |
-43.75% |
Tax Burden Percent |
|
99.72% |
102.84% |
99.93% |
99.92% |
99.96% |
99.85% |
99.86% |
101.92% |
100.14% |
101.21% |
Interest Burden Percent |
|
-305.43% |
16.74% |
100.00% |
100.00% |
185.24% |
316.03% |
100.00% |
100.00% |
106.81% |
84.30% |
Effective Tax Rate |
|
0.00% |
0.00% |
0.07% |
0.00% |
0.00% |
0.15% |
0.00% |
0.00% |
5.43% |
0.00% |
Return on Invested Capital (ROIC) |
|
1.01% |
0.00% |
0.00% |
0.00% |
0.00% |
102.47% |
0.00% |
-0.10% |
0.45% |
-1.02% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
-3.65% |
0.00% |
0.00% |
0.00% |
0.00% |
102.47% |
0.00% |
-0.22% |
0.49% |
-1.37% |
Return on Net Nonoperating Assets (RNNOA) |
|
-5.17% |
0.00% |
0.00% |
0.00% |
0.00% |
253.70% |
0.00% |
-0.67% |
1.85% |
-5.77% |
Return on Equity (ROE) |
|
-4.16% |
-15.14% |
-10.35% |
-7.46% |
-8.80% |
356.17% |
0.00% |
-0.77% |
2.30% |
-6.80% |
Cash Return on Invested Capital (CROIC) |
|
-18.46% |
0.54% |
17.76% |
24.67% |
-7.96% |
-27.78% |
-34.45% |
-36.93% |
-34.15% |
-27.41% |
Operating Return on Assets (OROA) |
|
1.30% |
0.00% |
0.00% |
0.00% |
0.00% |
28.90% |
0.00% |
-0.13% |
0.41% |
-1.65% |
Return on Assets (ROA) |
|
-3.96% |
0.00% |
0.00% |
0.00% |
0.00% |
91.18% |
0.00% |
-0.13% |
0.44% |
-1.41% |
Return on Common Equity (ROCE) |
|
-3.57% |
-10.69% |
-7.22% |
-5.16% |
-5.91% |
231.83% |
0.00% |
-0.49% |
1.45% |
-4.26% |
Return on Equity Simple (ROE_SIMPLE) |
|
-14.42% |
0.00% |
-12.29% |
-8.64% |
-10.05% |
0.00% |
-9.80% |
-9.80% |
2.16% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
27 |
-20 |
23 |
-16 |
-49 |
87 |
-56 |
-12 |
40 |
-50 |
NOPAT Margin |
|
28.49% |
0.00% |
32.78% |
-65.43% |
-122.73% |
4,544.54% |
0.00% |
-40.63% |
31.67% |
-30.26% |
Net Nonoperating Expense Percent (NNEP) |
|
4.67% |
0.29% |
0.00% |
0.16% |
1.96% |
0.00% |
0.53% |
0.11% |
-0.04% |
0.35% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
59.30% |
0.00% |
67.20% |
193.47% |
275.32% |
-1,340.23% |
0.00% |
158.04% |
68.64% |
151.28% |
Earnings before Interest and Taxes (EBIT) |
|
38 |
-169 |
23 |
-23 |
-69 |
27 |
-80 |
-18 |
40 |
-85 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
77 |
-156 |
37 |
-10 |
-57 |
40 |
-65 |
1.10 |
54 |
-72 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.51 |
0.60 |
0.66 |
0.70 |
0.66 |
0.65 |
0.66 |
0.59 |
0.63 |
0.64 |
Price to Tangible Book Value (P/TBV) |
|
0.51 |
0.60 |
0.66 |
0.70 |
0.66 |
0.65 |
0.66 |
0.59 |
0.63 |
0.64 |
Price to Revenue (P/Rev) |
|
3.79 |
0.00 |
0.00 |
0.00 |
0.00 |
4.97 |
57.99 |
32.37 |
5.48 |
2.05 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
299.10 |
0.00 |
Dividend Yield |
|
21.40% |
20.15% |
18.60% |
21.52% |
18.52% |
15.99% |
14.38% |
15.41% |
12.64% |
13.20% |
Earnings Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.33% |
0.00% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.82 |
0.86 |
0.88 |
0.89 |
0.90 |
0.92 |
0.92 |
0.92 |
0.94 |
0.95 |
Enterprise Value to Revenue (EV/Rev) |
|
25.04 |
0.00 |
0.00 |
0.00 |
0.00 |
46.38 |
612.91 |
435.30 |
77.00 |
31.73 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
71.34 |
0.00 |
0.00 |
0.00 |
0.00 |
659.74 |
0.00 |
0.00 |
272.37 |
0.00 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
279.00 |
0.00 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
32.35 |
49.07 |
107.58 |
2,330.00 |
216.55 |
211.89 |
236.22 |
262.07 |
0.00 |
603.71 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
155.43 |
4.43 |
3.14 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
1.87 |
1.81 |
1.84 |
2.09 |
2.74 |
3.24 |
3.75 |
4.30 |
4.83 |
5.36 |
Long-Term Debt to Equity |
|
1.26 |
1.42 |
1.41 |
1.44 |
1.51 |
1.72 |
2.09 |
2.28 |
2.38 |
2.52 |
Financial Leverage |
|
1.41 |
1.50 |
1.80 |
2.19 |
2.27 |
2.48 |
2.71 |
3.10 |
3.74 |
4.22 |
Leverage Ratio |
|
2.69 |
2.77 |
3.08 |
3.47 |
3.81 |
3.91 |
4.07 |
4.51 |
5.13 |
5.47 |
Compound Leverage Factor |
|
-8.21 |
0.46 |
3.08 |
3.47 |
7.06 |
12.35 |
4.07 |
4.51 |
5.48 |
4.61 |
Debt to Total Capital |
|
65.21% |
64.43% |
64.81% |
67.68% |
73.30% |
76.39% |
78.94% |
81.13% |
82.85% |
84.27% |
Short-Term Debt to Total Capital |
|
21.33% |
14.06% |
15.21% |
21.11% |
32.95% |
35.83% |
34.82% |
38.03% |
42.08% |
44.72% |
Long-Term Debt to Total Capital |
|
43.88% |
50.37% |
49.60% |
46.57% |
40.35% |
40.57% |
44.12% |
43.10% |
40.77% |
39.56% |
Preferred Equity to Total Capital |
|
9.45% |
10.27% |
10.38% |
9.90% |
8.84% |
7.76% |
7.42% |
6.90% |
6.24% |
5.97% |
Noncontrolling Interests to Total Capital |
|
1.13% |
1.85% |
1.66% |
1.16% |
0.68% |
0.70% |
0.47% |
0.42% |
0.32% |
0.18% |
Common Equity to Total Capital |
|
24.21% |
23.45% |
23.16% |
21.27% |
17.18% |
15.14% |
13.17% |
11.55% |
10.59% |
9.58% |
Debt to EBITDA |
|
56.77 |
-19.66 |
-41.27 |
-70.26 |
-23.83 |
547.73 |
-61.63 |
-77.58 |
240.52 |
-91.74 |
Net Debt to EBITDA |
|
51.34 |
-18.24 |
-38.47 |
-65.82 |
-22.60 |
528.28 |
-59.17 |
-74.68 |
233.92 |
-89.71 |
Long-Term Debt to EBITDA |
|
38.20 |
-15.37 |
-31.58 |
-48.35 |
-13.12 |
290.86 |
-34.44 |
-41.21 |
118.37 |
-43.06 |
Debt to NOPAT |
|
-58.90 |
-14.86 |
-22.52 |
-36.01 |
-40.25 |
-177.11 |
-55.86 |
-64.28 |
246.37 |
-75.82 |
Net Debt to NOPAT |
|
-53.26 |
-13.78 |
-20.99 |
-33.73 |
-38.18 |
-170.83 |
-53.63 |
-61.88 |
239.61 |
-74.15 |
Long-Term Debt to NOPAT |
|
-39.63 |
-11.61 |
-17.24 |
-24.78 |
-22.15 |
-94.05 |
-31.22 |
-34.15 |
121.25 |
-35.59 |
Noncontrolling Interest Sharing Ratio |
|
13.98% |
29.43% |
30.23% |
30.87% |
32.78% |
34.91% |
0.00% |
36.30% |
36.91% |
37.37% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-878 |
236 |
1,196 |
1,627 |
-406 |
-1,570 |
-2,089 |
-2,350 |
-2,488 |
-2,125 |
Operating Cash Flow to CapEx |
|
22.41% |
65.97% |
-62.87% |
-0.68% |
239.75% |
233.22% |
-219.27% |
-13.12% |
-12.07% |
843.21% |
Free Cash Flow to Firm to Interest Expense |
|
-22.78 |
0.00 |
30.41 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-28.23 |
0.00 |
Operating Cash Flow to Interest Expense |
|
0.13 |
0.00 |
-0.29 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-0.01 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
|
-0.46 |
0.00 |
-0.75 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-0.10 |
0.00 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.03 |
0.00 |
0.00 |
0.00 |
0.00 |
0.02 |
0.00 |
0.00 |
0.01 |
0.03 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
5,697 |
5,241 |
5,181 |
5,425 |
6,054 |
6,897 |
7,214 |
7,763 |
8,582 |
8,973 |
Invested Capital Turnover |
|
0.04 |
0.00 |
0.00 |
0.00 |
0.00 |
0.02 |
0.00 |
0.00 |
0.01 |
0.03 |
Increase / (Decrease) in Invested Capital |
|
905 |
-256 |
-1,173 |
-1,643 |
357 |
1,656 |
2,033 |
2,338 |
2,528 |
2,075 |
Enterprise Value (EV) |
|
4,668 |
4,504 |
4,539 |
4,844 |
5,476 |
6,347 |
6,668 |
7,164 |
8,052 |
8,495 |
Market Capitalization |
|
706 |
737 |
786 |
805 |
690 |
681 |
631 |
533 |
573 |
549 |
Book Value per Share |
|
$3.65 |
$3.31 |
$3.28 |
$12.65 |
$11.39 |
$11.51 |
$10.42 |
$9.83 |
$10.03 |
$9.49 |
Tangible Book Value per Share |
|
$3.65 |
$3.31 |
$3.28 |
$12.65 |
$11.39 |
$11.51 |
$10.42 |
$9.83 |
$10.03 |
$9.49 |
Total Capital |
|
5,697 |
5,241 |
5,181 |
5,425 |
6,054 |
6,897 |
7,214 |
7,763 |
8,582 |
8,973 |
Total Debt |
|
3,715 |
3,377 |
3,357 |
3,672 |
4,437 |
5,269 |
5,694 |
6,298 |
7,110 |
7,561 |
Total Long-Term Debt |
|
2,500 |
2,640 |
2,569 |
2,527 |
2,443 |
2,798 |
3,182 |
3,346 |
3,499 |
3,549 |
Net Debt |
|
3,360 |
3,132 |
3,130 |
3,439 |
4,209 |
5,082 |
5,467 |
6,063 |
6,915 |
7,394 |
Capital Expenditures (CapEx) |
|
23 |
13 |
18 |
15 |
12 |
5.61 |
5.99 |
7.57 |
7.64 |
3.45 |
Net Nonoperating Expense (NNE) |
|
143 |
9.31 |
0.00 |
7.02 |
80 |
0.00 |
24 |
5.68 |
-2.38 |
22 |
Net Nonoperating Obligations (NNO) |
|
3,715 |
3,377 |
3,357 |
3,672 |
4,437 |
5,269 |
5,694 |
6,298 |
7,110 |
7,561 |
Total Depreciation and Amortization (D&A) |
|
39 |
13 |
14 |
13 |
13 |
12 |
15 |
19 |
14 |
12 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
($1.32) |
($2.04) |
$0.12 |
($0.41) |
($1.04) |
$0.35 |
($0.75) |
($0.29) |
$0.36 |
($0.82) |
Adjusted Weighted Average Basic Shares Outstanding |
|
94.27M |
23.58M |
91.31M |
91.19M |
90.98M |
91.04M |
91.12M |
90.99M |
90.58M |
90.82M |
Adjusted Diluted Earnings per Share |
|
($1.32) |
($2.04) |
$0.11 |
($0.41) |
($1.04) |
$0.35 |
($0.75) |
($0.29) |
$0.36 |
($0.82) |
Adjusted Weighted Average Diluted Shares Outstanding |
|
94.27M |
23.58M |
91.67M |
91.19M |
90.98M |
91.04M |
91.12M |
90.99M |
90.59M |
90.82M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
($2.04) |
$0.00 |
$0.00 |
$0.00 |
$0.35 |
$0.00 |
$0.00 |
$0.00 |
($0.82) |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
92.77M |
91.41M |
91.18M |
91.25M |
90.68M |
91.23M |
91.23M |
90.58M |
90.58M |
90.57M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
27 |
-20 |
23 |
-16 |
-49 |
87 |
-56 |
-12 |
48 |
-50 |
Normalized NOPAT Margin |
|
28.49% |
0.00% |
32.78% |
-65.43% |
-122.73% |
4,544.54% |
0.00% |
-40.63% |
37.47% |
-30.26% |
Pre Tax Income Margin |
|
-124.31% |
0.00% |
32.80% |
-93.47% |
-324.78% |
4,551.52% |
0.00% |
-58.04% |
33.49% |
-43.23% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.99 |
0.00 |
0.59 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.45 |
0.00 |
NOPAT to Interest Expense |
|
0.69 |
0.00 |
0.59 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.46 |
0.00 |
EBIT Less CapEx to Interest Expense |
|
0.39 |
0.00 |
0.12 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.37 |
0.00 |
NOPAT Less CapEx to Interest Expense |
|
0.10 |
0.00 |
0.12 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.37 |
0.00 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
-70.58% |
-59.39% |
-90.51% |
-131.16% |
-114.38% |
-400.93% |
-105.39% |
-96.29% |
402.58% |
-91.54% |
Augmented Payout Ratio |
|
-78.48% |
-73.04% |
-112.99% |
-158.85% |
-134.07% |
-421.16% |
-108.83% |
-102.35% |
413.76% |
-94.28% |
Key Financial Trends
New York Mortgage Trust (NASDAQ: NYMT) has experienced notable financial fluctuations over the past four years, as reflected in the quarterly financial statements from Q3 2022 through Q4 2024. Below are key insights and trends observed in the income statements, cash flow statements, and balance sheets:
- Q4 2024 reported a significant total interest income of $273.9 million, showing strong revenue generation from interest.
- Net interest income in Q4 2024 was strong at approximately $362 million, indicating effective management of interest earning assets versus interest bearing liabilities.
- The company maintained a robust investment securities portfolio, reflected in growing trading account securities which increased from about $3.8 billion in Q1 2023 to $7.3 billion by Q3 2024.
- Q3 2024 net income attributable to common shareholders showed strong profitability at $64.8 million, with EPS positive at $0.36, indicating improved earnings compared to previous quarters.
- The company increased its common equity base steadily over time, with total common equity rising from approximately $1.2 billion in Q1 2023 to about $900 million in Q3 2024, reflecting capital adjustments and equity management.
- New York Mortgage Trust has consistently paid dividends to common shareholders, with quarterly dividend per share fluctuating—peaking at $0.41 in Q4 2023 and adjusting to $0.31 in Q4 2024.
- Total liabilities rose substantially from around $4.5 billion in Q2 2023 to about $7.4 billion in Q3 2024, primarily in short-term and long-term debt, indicating an increased reliance on debt financing.
- Cash and equivalents remain volatile, ranging between roughly $195 million to $355 million over the periods analyzed, suggesting dynamic cash management aligned with investment activities.
- Q4 2024 recorded a large net loss attributable to common shareholders of $74.2 million with an EPS of -$0.82, significantly reversing the positive earnings seen in prior quarters.
- Non-interest income showed negative impacts in several quarters due to net realized and unrealized capital losses (e.g., -$128.8 million in Q4 2024 and other quarters), pointing to investment volatility and portfolio mark-to-market write-downs.
- Operating expenses fluctuated with peaks over $240 million in Q4 2024, which coupled with capital losses, pressured profitability.
- The company’s balance of retained earnings has been negative, reflecting accumulated losses or dividend payments exceeding earnings, with retained earnings close to -$1.37 billion in Q3 2024.
- An increase in debt was noted in recent quarters, with short-term debt increasing to over $3.6 billion in Q3 2024, potentially raising financial risk due to higher leverage and interest obligations.
- The company’s cash flows from investing activities remain predominantly negative, with large purchases of investment securities far exceeding divestitures and sales, contributing to negative cash flow trends.
Summary: New York Mortgage Trust has demonstrated periods of strong interest income and improved profitability in the middle of 2024, supported by a growing investment portfolio. However, the volatility of capital gains/losses on investments significantly impacted net income, culminating in a large net loss in Q4 2024. Additionally, increasing leverage and negative retained earnings highlight potential financial risk. Retail investors should monitor the company’s ability to stabilize investment performance and manage its capital structure to improve sustained profitability.
08/31/25 02:25 AM ETAI Generated. May Contain Errors.