NYMT reports Q4 2023 net income of $31.5M; full year net loss of $90M

ADAMAS TRUST, INC.

2023-FY EPS reported -$0.99

Q4 net income $31.5M ($0.35 diluted EPS) vs full year net loss $90M ($0.99 loss per share).
Book value per common share $11.31; adjusted book value $12.66.
Economic return on book value +2.22% in Q4, -5.73% for full year.
Dividends declared $0.20 per common share in Q4, $1.20 per share for full year 2023.
Net interest spread 1.02% in Q4 vs 0.74% for full year; yield on assets 6.21%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

ADAMAS TRUST, INC. reported three and twelve months ended December 31, 2023 results: net income $ 31,465 (for three months), $ (90,035) (for twelve months), EPS $ 0.35 (for three months), $ (0.99) (for twelve months).

Period: three and twelve months ended December 31, 2023
Net income: $ 31,465 (for three months), $ (90,035) (for twelve months)
EPS: $ 0.35 (for three months), $ (0.99) (for twelve months)
Result: reported results

Exact text from the filing

On February 21, 2024, New York Mortgage Trust, Inc. (the “Company”) issued a press release announcing its financial results for the three and twelve months ended December 31, 2023.

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ADAMAS TRUST, INC. filing history →

Source: SEC EDGAR

accession 0001273685-24-000030

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