NEW YORK MORTGAGE TRUST INC 8% SERIS D FXD TO FLOTIG RTE CUM RED PRE | 8-K: FY2025 Q1 EPS: USD 0.33

EPS: As of FY2025 Q1, the actual value is USD 0.33.

Net Income

• Net income attributable to Company’s common stockholders: $30.285 million.

Earnings Available for Distribution

• Earnings available for distribution attributable to Company’s common stockholders: $18.194 million.

Interest Income and Expense

• Interest income: $129.734 million.
• Interest expense: $96.636 million.
• Net interest income: $33.098 million.

Book Value

• Book value per common share at the end of the period: $9.37.
• Adjusted book value per common share at the end of the period: $10.43, reflecting a 0.77% change QoQ.

Economic Return

• Economic return on book value: 3.13%.
• Economic return on adjusted book value: 2.71%.

Dividends

• Dividends per common share: $0.20.

Cash Flow

• Cash, cash equivalents and restricted cash: $270.472 million.
• Available cash: $173 million.
• Excess liquidity capacity: $407 million, including additional financing of $234 million available for unencumbered/under-levered assets.

Capital Allocation

• Residential loans: $3.913 billion.
• Investment securities available for sale: $4.647 billion.

Financing Activities

• Issuance of $82.5 million in aggregate principal amount of 9.125% Senior Notes due 2030, with net proceeds of approximately $79.3 million.
• Two securitizations of residential loans, resulting in approximately $326.3 million in net proceeds.

Unique Metrics

• Company Recourse Leverage Ratio: 3.4x.
• Portfolio Recourse Leverage Ratio: 3.2x, with Agency Portfolio Recourse Leverage Ratio at 8.4x.

Segment Revenue

• Total Investment Portfolio: Increased by $878 million, representing a 12% change quarter-over-quarter (QoQ).
• Residential Investment Acquisitions: $1.85 billion, including $1.45 billion of Agency RMBS at a 5.35% average coupon and $397 million of Residential Loans (99% BPL - Bridge/Rental).

Outlook / Guidance

• NYMT plans to continue growing Earnings Available for Distribution (EAD) by expanding recurring income through balance sheet growth and rotating real property exposure into interest-earning investments over time.
• The company aims to optimize capital and liquidity to capitalize on market dislocation and maintain low non-recourse/mark-to-market credit leverage.
• NYMT intends to generate additional income from its operating platform by earning fees from managing properties for external investors and pursuing third-party investment management fee opportunities.