NEW YORK MORTGAGE TRUST INC
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
ADAM$5.690.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(Amounts in thousands, except per share data)
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| NET INTEREST INCOME: | |||
| Interest income | $401,280 | $258,660 | $258,388 |
| Interest expense | 317,425 | 192,134 | 129,419 |
| Total net interest income | 83,855 | 66,526 | 128,969 |
| NET LOSS FROM REAL ESTATE: | |||
| Rental income | 112,488 | 141,057 | 126,293 |
| Other real estate income | 20,151 | 30,717 | 15,363 |
| Total income from real estate | 132,639 | 171,774 | 141,656 |
| Interest expense, mortgages payable on real estate | 60,232 | 90,221 | 56,011 |
| Depreciation and amortization | 39,822 | 24,620 | 126,824 |
| Other real estate expenses | 75,426 | 88,235 | 72,400 |
| Total expenses related to real estate | 175,480 | 203,076 | 255,235 |
| Total net loss from real estate | (42,841) | (31,302) | (113,579) |
| OTHER LOSS: | |||
| Realized (losses) gains, net | (29,351) | (27,059) | 26,625 |
| Unrealized (losses) gains, net | (90,530) | 97,196 | (347,363) |
| Gains (losses) on derivative instruments, net | 95,996 | (26,378) | 27,206 |
| Income from equity investments | 16,011 | 17,785 | 15,074 |
| Impairment of real estate | (48,875) | (89,548) | (2,449) |
| Loss on reclassification of disposal group | (14,636) | (16,163) | — |
| Other income | 29,149 | 4,736 | 18,738 |
| Total other loss | (42,236) | (39,431) | (262,169) |
| GENERAL, ADMINISTRATIVE AND OPERATING EXPENSES: | |||
| General and administrative expenses | 48,672 | 49,565 | 52,440 |
| Portfolio operating expenses | 30,688 | 23,952 | 40,888 |
| Debt issuance costs | 12,335 | — | — |
| Total general, administrative and operating expenses | 91,695 | 73,517 | 93,328 |
| LOSS FROM OPERATIONS BEFORE INCOME TAXES | (92,917) | (77,724) | (340,107) |
| Income tax expense | 1,036 | 75 | 542 |
| NET LOSS | (93,953) | (77,799) | (340,649) |
| Net loss attributable to non-controlling interests | 31,924 | 29,134 | 42,044 |
| NET LOSS ATTRIBUTABLE TO COMPANY | (62,029) | (48,665) | (298,605) |
| Preferred stock dividends | (41,756) | (41,837) | (41,972) |
| Gain on repurchase of preferred stock | — | 467 | — |
| NET LOSS ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS | $(103,785) | $(90,035) | $(340,577) |
| Basic loss per common share | $(1.14) | $(0.99) | $(3.61) |
| Diluted loss per common share | $(1.14) | $(0.99) | $(3.61) |
| Weighted average shares outstanding-basic | 90,815 | 91,042 | 94,322 |
| Weighted average shares outstanding-diluted | 90,815 | 91,042 | 94,322 |
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