NYMT Company Report

New York Mortgage Trust, Inc. will change its name to Adamas Trust, Inc., effective September 3, 2025.
The company's common stock will begin trading on Nasdaq under the new ticker symbol ADAM on September 3, 2025, with other securities also receiving new ticker symbols.
The rebrand reflects the company's evolution into a multi-dimensional investment and operating platform, emphasizing strength, resilience, and long-term vision.
The rebrand will not affect business operations, stockholder rights, or its qualification as a REIT for U.S. federal income tax purposes.
Over the past year, the company expanded its interest income by 55% and recently acquired Constructive Loans, LLC; it also acquired approximately $2.1 billion in residential assets from July 1 to August 27, 2025, representing a 164% increase from Q2 2025 acquisitions.

Sep 2, 2025, 1:02 PM

New York Mortgage Trust, Inc. Completes $25 Million Senior Notes Offering

NYMT

Debt Issuance

NEW YORK MORTGAGE TRUST, INC. completed the issuance and sale of $25 million aggregate principal amount of its 9.875% Senior Notes due 2030 in a registered direct offering on August 22, 2025.
These Notes were sold at 100% of the principal amount and are part of the same series as the $90,000,000 principal amount of 9.875% Senior Unsecured Notes due 2030 issued on July 8, 2025.
The company expects net proceeds of approximately $24.8 million, which it intends to use for general corporate purposes, including acquiring targeted assets and general working capital.
Legal opinions confirmed the legality of the Notes and that the company qualified as a REIT for its taxable years through December 31, 2024, and is expected to continue to qualify for its taxable year ending December 31, 2025, and thereafter.

Aug 22, 2025, 12:00 AM

New York Mortgage Trust Inc. reports Q2 2025 results

NYMT

Earnings

M&A

Dividends

New York Mortgage Trust, Inc. (NYMT) reported Earnings Available for Distribution (EAD) per share of $0.22 for Q2 2025, which surpassed its declared common stock dividend of $0.20 per share.
The company's total investment portfolio increased by $339 million, a 4% quarter-over-quarter increase, reaching $8.6 billion.
NYMT acquired the remaining 50% ownership interest in Constructive Loans, LLC, a strategic move to accelerate its expansion into residential business purpose lending.
The company repurchased 231,200 shares of common stock at an accretive average price of $6.50 per common share during the quarter.

Jul 31, 2025, 1:00 PM

New York Mortgage Trust Acquires Remaining Stake in Constructive Loans

NYMT

M&A

New Projects/Investments

New York Mortgage Trust, Inc. (NYMT) has completed an all-cash acquisition of the remaining 50% ownership stake in Constructive Loans, LLC, a leading originator of business purpose loans for residential real estate investors.
This acquisition expands NYMT's business purpose lending strategy, providing direct access to over $1.7 billion in loans originated by Constructive in the past year, and aims to diversify and scale NYMT's recurring earnings.
Following the acquisition announcement, NYMT’s stock experienced a 1.5% rise in after-hours trading, reflecting positive investor sentiment. Analyst sentiment is cautiously optimistic, with an average price target around $7.00 to $7.63 and a consensus rating of 'Hold' to 'Buy'.

Jul 15, 2025, 10:04 PM

New York Mortgage Trust Completes Senior Notes Offering

NYMT

Debt Issuance

New Projects/Investments

New York Mortgage Trust, Inc. completed the issuance and sale of $90 million aggregate principal amount of its 9.875% Senior Notes due 2030 on July 8, 2025.
The notes bear interest at 9.875% per year, payable quarterly in arrears, and are expected to mature on October 1, 2030.
The company received approximately $86.6 million in net proceeds from the offering.
The net proceeds will be used for general corporate purposes, which may include acquiring targeted mortgage-, residential housing-, and credit-related assets, and for general working capital.

Jul 8, 2025, 12:00 AM

New York Mortgage Trust Q2 2025 Updates: Preferred Stock ATM, Senior Notes, & Dividends

NYMT

Convertible Preferred Issuance

Debt Issuance

Dividends

Board Change

New York Mortgage Trust entered into an at-the-market equity distribution agreement with JonesTrading Institutional Services LLC to offer up to $50 million of its Series D, E, F, and G Preferred Stock .
The company executed a first supplemental indenture for its 5.75% Senior Notes due 2026, capping the Net Debt to Equity Ratio at 8.00 to 1.00 as of each fiscal quarter end .
The Board declared a $0.20 per share common stock dividend for Q2 2025, payable July 30, 2025, to shareholders of record as of June 23, 2025 .
Cash dividends were declared for the April 15–July 14, 2025 period on the Series D ($0.50), Series E ($0.6917713), Series F ($0.4296875), and Series G ($0.4375) preferred stocks, with record and payment dates of July 1 and July 15, 2025, respectively .
Steven G. Norcutt was reappointed Lead Independent Director and Steven R. Mumma was reappointed Chairman of the Board .

Jun 13, 2025, 12:00 AM

New York Mortgage Trust Inc Reports Q1 2025 Earnings

NYMT

Dividends

New Projects/Investments

Debt Issuance

Recurring earnings and dividend support: The company reported increased recurring earnings, with a new non-GAAP measure (EAD) rising from $0.16 to $0.20 per share, supporting a consistent dividend of $0.20 per share.
Robust investment activity and liquidity: NYMT deployed $1.8 billion in investments this quarter, including locking in a $83 million senior note issuance, and ended the quarter with $407 million in excess liquidity – a nearly 20% increase quarter-over-quarter.
Strategic portfolio repositioning amid market volatility: The firm emphasized its focus on Agency RMBS and Residential Credit to optimize returns and manage risk, with an adaptive capital allocation strategy in response to widening spreads and volatile market conditions.