New York Mortgage Trust, Inc. (NYMT) Q3 2024 Earnings Call Transcript Summary
New York Mortgage Trust, Inc. (NYMT) Q3 2024 Earnings Call Transcript Summary
Adjusted net interest income rose by 22% year-to-date, reaching $28.7 million in Q3.The following is a summary of the New York Mortgage Trust, Inc. (NYMT) Q3 2024 Earnings Call Transcript:
以下是紐約抵押信託有限公司（NYMT）2024年第三季度業績電話會議記錄摘要：
Financial Performance:
金融業績：
NYMT reported significantly enhanced earnings in Q3 with earnings per share at $0.36.
The portfolio grew $1 billion or 17% from the last quarter with a year-to-date growth of over one-third, leading to over $100 million in adjusted interest income, up 39% year-to-date.
Adjusted net interest income rose by 22% year-to-date, reaching $28.7 million in Q3.
Quarterly undepreciated earnings per share increased to $0.39. This was supported by valuation improvements on residential loan and bond portfolios and partially offset by losses in derivative instruments.
GAAP book value per share increased by 1.4%; however, adjusted book value per share decreased by 1.4% quarter-to-quarter.
NYMT報告第三季度的收益顯著增長，每股收益達到0.36美元。
投資組合從上一季度增長10億美元，增長17%，年初至今增長超過三分之一，導致調整後利息收入超過1億美元，同比增長39%。
調整後淨利息收入年初至今增長22%，達到第三季度的2870萬美元。
每股季度未減值收益增至0.39美元。這得益於居民貸款和債券投資組合價值改善，部分抵消了衍生工具虧損。
根據GAAP，每股賬面價值增長1.4％；然而，調整後每股賬面價值按季減少1.4％。
Business Progress:
業務進展：
NYMT shifted focus to recurring earnings through higher coupon, short-duration credit loans and Agency RMBS, moving away from assets yielding low or no current interest.
Efforts in maintaining strong liquidity ($408 million by Q3 end), providing the company with ample opportunity to enhance quarterly earnings.
Disposed of six multifamily real estate assets, realizing $13.6 million in net gains.
Completed a total of six securitizations in various sectors throughout 2024, marking NYMT's most active year in terms of issuance.
NYMt通過採用利率較高、期限較短的信貸貸款和代理RMBS，轉向產生低或無現行利率的資產，以關注重複性收入。
努力維持強勁的流動性（截至Q3末達到40800萬美元）, 爲公司提供充足機會提升季度收入。
出售了六個多戶家庭房地產資產，實現淨收益1360萬美元。
2024年全年完成了各行業總共六項證券化項目，標誌着NYMt在發行方面的最活躍一年。
Opportunities:
機會：
NYMT sees potential for earnings growth through continued strategic asset rotation and use of strong liquidity, with no near-term corporate debt maturities posing a threat.
Opportunities for portfolio growth and income boost from reinvestment into core strategies, facilitated by redemptions of nearly $300 million in multifamily mezzanine loans.
NYMt看到通過持續的戰略資產輪換和利用強勁的流動性，以及沒有近期到期的公司債務造成威脅，有潛力實現收入增長。
通過重新投資到核心策略，並通過將近30000萬美元的多戶家庭中級貸款回贖，提供的投資組合增長和收入增長機會。
Risks:
風險：
Concerns over a slowing U.S. economy and its impact on various sectors, heightened U.S. debt levels potentially leading to market dislocations.
對美國經濟放緩以及對各個行業影響的擔憂，加劇了可能導致市場錯位的美國債務水平。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
