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New York Mortgage Trust (NYMT)
NASDAQ:NYMT
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.09Last Year’s EPS
-0.75Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 7.85%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in the portfolio, increases in adjusted interest income, and successful securitization strategies. However, the call also reflected challenges, including undepreciated losses per share, unrealized losses due to higher benchmark rates, and a decrease in book value. Despite these challenges, the company is optimistic about future earnings and dividend alignment.Company Guidance
During the New York Mortgage Trust's fourth-quarter 2024 earnings call, the company reported significant growth and strategic shifts. The portfolio expanded by 44% compared to the previous year, with $4.1 billion in acquisitions primarily in liquid agency bonds and higher spread bridge loans. The adjusted interest income saw a 60% year-over-year increase, contributing $0.36 to EPS in Q4, a $0.10 improvement from the previous year. The firm issued six securitizations in 2024 and began 2025 with a detailed bridge securitization, alongside an $83 million baby bond issuance. They maintained a dividend yield of over 13%, while the NYMT share price traded at a 41% discount to adjusted book value at year-end. The company also reported a $0.44 per share undepreciated loss in Q4, with unrealized losses of $131.6 million due to reduced asset valuations, offset by $92 million in gains from derivatives. The balance sheet showed $272 million, or $3.05 per share, in net discount to par assets, providing potential upside. The firm's liquidity was strong, with $343 million in excess liquidity at the end of the year. The focus for 2025 includes optimizing returns, accessing nonrecourse leverage, and maintaining a competitive dividend aligned with recurring earnings.Record Portfolio Growth
The company's portfolio grew by 44% relative to the same time in 2023, driven by $4.1 billion of acquisitions, primarily liquid agency bonds and higher spread bridge loans.
Increase in Adjusted Interest Income
Adjusted interest income rose 60% year over year, contributing $0.36 to EPS in Q4, a $0.10 improvement from a year earlier.
Successful Securitization and Funding Strategies
In 2024, the company issued six securitizations and kicked off 2025 with a detailed bridge securitization. An $83 million baby bond issuance was also completed in January.
Improved Recurring Income and Dividend Stability
Recurring income has increased, helping align with the current dividend of $0.20 per share, unchanged for five quarters.
Reduction in Expenses
Total G&A expenses remained unchanged compared to the previous quarter, and portfolio operating expenses decreased by $1.5 million.
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NYMT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NYMT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $5.99 | $6.43 | +7.35% |
| Oct 30, 2024 | $5.41 | $5.57 | +2.96% |
| Jul 31, 2024 | $6.07 | $5.95 | -1.98% |
| May 01, 2024 | $6.35 | $5.67 | -10.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does New York Mortgage Trust (NYMT) report earnings?
New York Mortgage Trust (NYMT) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is New York Mortgage Trust (NYMT) earnings time?
New York Mortgage Trust (NYMT) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NYMT EPS forecast?
NYMT EPS forecast for the fiscal quarter 2025 (Q1) is 0.09.
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