NYMT reports Q1 2024 net loss $68.3M ($0.75 per share), book value $10.21

ADAMAS TRUST, INC.

2024-Q1 EPS reported -$0.75

Net loss attributable to common stockholders was $68.3M vs. $0.20 dividend per share.
Undepreciated loss of $62.0M ($0.68 per share); adjusted book value $11.51.
Net interest income $17.9M, net interest spread 1.31%.
Book value per common share fell to $10.21 from prior quarter; economic return -7.96%.
Yield on average interest-earning assets was 6.38%, interest expense $66.0M.

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 0.9

ADAMAS TRUST, INC. reported three months ended March 31, 2024 results: net income Net loss attributable to Company's common stockholders $ (68,340), EPS Net loss attributable to Company's common stockholders per share (basic) $ (0.75).

Period: three months ended March 31, 2024
Net income: Net loss attributable to Company's common stockholders $ (68,340)
EPS: Net loss attributable to Company's common stockholders per share (basic) $ (0.75)
Result: reported results

Exact text from the filing

On May 1, 2024, New York Mortgage Trust, Inc. (the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2024.

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ADAMAS TRUST, INC. filing history →

Source: SEC EDGAR

accession 0001273685-24-000051

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