New York Mortgage Trust Full Year 2024 Earnings: Beats Expectations

New York Mortgage Trust (NASDAQ:NYMT) Full Year 2024 Results

Key Financial Results

• Revenue: US$150.6m (down 28% from FY 2023).
• Net loss: US$103.8m (loss widened by 15% from FY 2023).
• US$1.14 loss per share (further deteriorated from US$0.99 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

New York Mortgage Trust Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates significantly.

Looking ahead, revenue is expected to decline by 2.5% p.a. on average during the next 2 years, while revenues in the Mortgage REITs industry in the US are expected to grow by 18%.

Performance of the American Mortgage REITs industry.

The company's shares are up 5.6% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for New York Mortgage Trust that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.