New York Mortgage Trust, Inc. has recently released its 10-Q report, providing an insight into its business operations and financial performance. The company, incorporated in 2003 and headquartered in New York, acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. It operates as a real estate investment trust (REIT) for federal income tax purposes and primarily focuses on residential loans, agency RMBS, non-agency residential mortgage-backed securities (RMBS), structured multi-family property investments, commercial mortgage-backed securities (CMBS), and single-family rental properties.
In the 10-Q report, New York Mortgage Trust discussed various factors that could impact its future performance, including changes in business and investment strategy, interest rates, credit spreads, and general market volatility. The report also highlighted the company's portfolio activity during the first quarter of 2025. New York Mortgage Trust continued to expand its investment securities and residential loan portfolios, with acquisitions totaling approximately $1.9 billion. The company's investment activity was offset by repayments and sales of investment securities and residential loans.
New York Mortgage Trust reported a 55% increase in interest income and a more than 57% increase in adjusted interest income for the first quarter of 2025 compared to the same period in 2024. Additionally, the company generated net income attributable to common stockholders of $0.33 per share and earnings available for distribution of $0.20 per share for the first quarter of 2025, demonstrating continued momentum in portfolio growth and income generation.
In line with its strategic repositioning announced in September 2022, New York Mortgage Trust has reduced its exposure to joint venture equity investments in multi-family properties to $19.9 million as of March 31, 2025. The company aims to opportunistically dispose of these investments over time and reallocate the returned capital to its targeted assets.
The market has reacted to these announcements by moving the company's shares 0.2% to a price of $6.66. If you want to know more, read the company's complete 10-Q report here.
