New York Mortgage Trust, Inc. 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYMTL)

Overview

New York Mortgage Trust, Inc. is a dedicated financial entity focusing on the acquisition, investment, financing, and management of mortgage-related assets within the United States. Established in 2003 and based in New York, New York, the company’s emphasis on a diversified portfolio of single-family and multi-family residential assets sets it apart in the real estate sector. By operating as a real estate investment trust (REIT), New York Mortgage Trust enjoys certain tax advantages, predominantly the ability to bypass federal corporate income taxes provided it allocates at least 90% of its taxable income to its shareholders. This structural benefit supports not only the company’s growth but also enhances value distribution to its investors.

Products and Services

• Residential Loans

These include business purpose loans tailored to meet the needs of residential property investors. By offering a range of loan products, the company supports the acquisition and development of single-family and multi-family residential properties.

• Structured Multi-Family Property Investments

Investments such as preferred equity and mezzanine loans are structured to aid owners of multi-family properties. These financial tools are designed to provide capital for the development, acquisition, or stabilization of multi-family real estate assets.

• Non-Agency Residential Mortgage-Backed Securities (RMBS)

The company invests in RMBS that are not guaranteed by any agency, offering a higher yield potential due to the increased risk profile associated with these securities.

• Agency RMBS

These are mortgage-backed securities that carry the backing of government-sponsored enterprises, providing a more secure investment option with lower yields than their non-agency counterparts.

• Commercial Mortgage-Backed Securities (CMBS)

CMBS investments involve bonds secured by mortgages on commercial properties. This diversifies the trust's portfolio beyond residential assets, tapping into the commercial real estate market.

• Single-Family Rental Properties

The investment in single-family rental properties allows the company to benefit from the rental income and potential appreciation of these residential assets, contributing to income diversification.

• Other Mortgage, Residential Housing, and Credit-Related Assets

Beyond the core investments, New York Mortgage Trust expands its portfolio to include other related assets that offer strategic value and return potential, thereby enhancing its comprehensive range of investment products and services.