New York Mortgage Trust Inc to Report Q2 2025 Earnings on July 31, 2025

New York Mortgage Trust Inc (NYMT) is set to release its Q2 2025 earnings on July 31, 2025. The consensus estimate for Q2 2025 revenue is $0.04 billion, and the earnings are expected to come in at $0.18 per share. The full year 2025 revenue is expected to be $0.15 billion, and the earnings are expected to be $0.92 per share. Revenue estimates have increased from $0.12 billion to $0.15 billion for the full year 2025. Earnings estimates have increased from $0.55 per share to $0.92 per share for the full year 2025.

New York Mortgage Trust Inc. (NYMT) is set to release its Q2 2025 earnings on July 31, 2025. The consensus estimate for Q2 2025 revenue is $0.04 billion, and earnings are expected to come in at $0.18 per share. The full year 2025 revenue is expected to be $0.15 billion, and earnings are expected to be $0.92 per share. Revenue estimates have increased from $0.12 billion to $0.15 billion for the full year 2025. Earnings estimates have increased from $0.55 per share to $0.92 per share for the full year 2025.

NYMT reported a net loss of $3.49 million ($0.04 per share) for Q2 2025, while earnings available for distribution reached $20.02 million ($0.22 per share). The company declared a dividend of $0.20 per share, fully covered by distributable earnings, representing a 110% dividend coverage ratio. Key developments include the acquisition of $503.7 million in Agency investments and $280.2 million in residential loans. Post-quarter, NYMT issued $90 million in Senior Notes, acquired the remaining 50% stake in Constructive Loans for $38.4 million, and completed a residential loan securitization generating $345.9 million in net proceeds.

The company maintained a portfolio recourse leverage ratio of 3.6x and reported a book value per share of $9.11. Net interest income was $36.45 million, with a net interest spread of 1.50%. NYMT's net interest spread stood at 1.50%, demonstrating a relatively tight margin between asset yields (6.48%) and financing costs (4.98%). This narrow spread explains the pressure on earnings, though it has remained sufficient to cover the dividend.

Strategic moves during and after the quarter demonstrate management's focus on growth and diversification. The company acquired $503.7 million of Agency investments and $280.2 million in residential loans during Q2. Post-quarter, NYMT issued $90 million in senior notes, completed a $345.9 million residential loan securitization, and most notably, acquired the remaining 50% of Constructive Loans for $38.4 million. This acquisition represents a significant strategic push into the business purpose lending segment, potentially enhancing origination capabilities and vertical integration.

The balance sheet shows total liabilities of $7.53 billion against the $8.61 billion portfolio, with financing primarily through repurchase agreements ($4.92 billion) and securitizations ($2.33 billion). The company maintained a solid liquidity position with $263.2 million in cash and restricted cash.

Jason Serrano, Chief Executive Officer, commented: “NYMT’s solid second quarter performance, with recurring earnings surpassing the dividend, demonstrates the effective execution of our long-term capital allocation strategy and strength of our liquidity position. The acquisition of Constructive represents a pivotal milestone for the Company, accelerating our expansion into residential business purpose lending. This strategic move will enhance our ability to meet the growing demand for non-agency credit and supports the continued evolution of a more diversified balance sheet designed to deliver greater value to our stockholders.”

References:
[1] https://www.stocktitan.net/news/NYMT/new-york-mortgage-trust-reports-second-quarter-2025-zcxlub0wts0a.html