纽约抵押信托 2025年季度报告

FORM10-Q☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch31, 2025OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _______ to ____________ Commission file number001-32216NEW YORK MORTGAGE TRUST, INC. (Exact Name of Registrant as Specified in Its Charter) 47-0934168(I.R.S. EmployerIdentification No.) Maryland(State or Other Jurisdiction ofIncorporation or Organization) 90 Park Avenue,New York,New York10016(Address of Principal Executive Office) (Zip Code) (212)792-0107(Registrant’s Telephone Number, Including Area Code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Table of Contents Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large Accelerated Filer☐Accelerated Filer☒Non-Accelerated Filer☐Smaller Reporting Company☐Emerging Growth Company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ The number of shares of the registrant’s common stock, par value $0.01 per share, outstanding on April25, 2025 was90,298,221. NEW YORK MORTGAGE TRUST, INC. FORM 10-Q PART I.FINANCIAL INFORMATION Item 1.Condensed Consolidated Financial Statements NEW YORK MORTGAGE TRUST, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Dollar amounts in thousands, except share data) Our condensed consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as theCompany is the primary beneficiary of these VIEs. As of March31, 2025 and December31, 2024, assets of consolidated VIEstotaled $4,222,979and $3,988,584, respectively, and the liabilities of consolidated VIEs totaled $3,679,092and $3,477,211,respectively.See Note 7for further discussion.(1) The accompanying notes are an integral part of the condensed consolidated financial statements.4 NEW YORK MORTGAGE TRUST, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(Dollar amounts in thousands)(unaudited) For the Three Months EndedMarch 31, 20252024NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS$30,285$(68,340)OTHER COMPREHENSIVE INCOMEReclassification adjustment for net loss included in net loss—4TOTAL OTHER COMPREHENSIVE INCOME—4COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMPANY'S COMMONSTOCKHOLDERS$30,285$(68,336) The accompanying notes are an integral part of the condensed consolidated financial statements.6 NEW YORK MORTGAGE TRUST, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)(Dollar amounts in thousands)(unaudited) Purchase of investment securities not yet settled$38,402$—De-consolidation of real estate held in Consolidated VIEs$—$193,168De-consolidation of mortgages payable on real estate held in Consolidated VIEs$—$194,256Transfer from residential loans to real estate owned$23,165$17,948Transfer from residential loans to real estate, net$—$2,640 Dividends declared on common stock and dividend equivalents to be paid in subsequent period$19,967$19,647Dividends declared on preferred stock to be paid in subsequent period$11,885$10,454 Cash and cash equivalents$177,072$226,939Restricted cash included in other assets97,329163,792Total cash, cash equivalents, and restricted cash$274,401$390,731 The accompanying notes are an integral part of the condensed consolidated financial statements.9 NEW YORK MORTGAGE TRUST, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSMarch31, 2025 1. Organization New York Mortgage Trust, Inc., together with its consolidated subsidiaries (“NYMT,” “we,” “our,” or the “Company”), is aninternally-managed real estate investment trust (“REIT”) in the business of acquiring, investing in, financing and managing p