New York Mortgage Trust Q1 profit of $10.5 million, up from year-earlier loss
New York Mortgage Trust reported first-quarter 2023 net income attributable to common stockholders of $10.5 million, or $0.12 per basic share, compared with a loss of $84.3 million a year earlier. Net interest income fell to $17.8 million from $37.0 million, and book value per common share was $12.95 at March 31, 2023, down from $13.27 at December 31, 2022. The filing header names Adamas Trust (ADAM), but the attached press release and financial tables are for New York Mortgage Trust (Nasdaq: NYMT), so this summary uses those figures.
Key points
- Net income attributable to common stockholders was $10.5 million ($0.12 basic per share) for the quarter ended March 31, 2023, versus a loss of $84.3 million ($0.89 per share) a year earlier
- Total net interest income was $17.8 million, down from $37.0 million in the first quarter of 2022
- Book value per common share was $12.95 at March 31, 2023, versus $13.27 at December 31, 2022
- The company upsized its common stock repurchase program to $246.0 million and effected a one-for-four reverse stock split on March 9, 2023
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 03, 2023.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.