New York Mortgage Trust, Inc.
Ticker(s):
NYMTZ, NYMT, NYMTN, NYMTL, NYMTM, NYMTI, and NYMTG
Country:
Sector & Industry:
Business Overview
New York Mortgage Trust, Inc. acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. The company’s targeted residential loans, including business purpose loans; agency RMBS; non-agency residential mortgage-backed securities (RMBS); structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; and other mortgage-, residential housing- and credit-related assets and strategic investments; and commercial mortgage-backed securities (CMBS). It also owns and manages single-family rental properties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. New York Mortgage Trust, Inc. was incorporated in 2003 and is headquartered in New York, New York.
Contact & Other Information
Number of Employees:
70
Website:
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New York Mortgage Trust’s 10-K filing for 2024 reveals a strategic shift towards single-family credit assets amidst a volatile interest rate environment. The company experienced a net loss but also saw growth in its investment portfolio.