NASDAQ$ADAM
Adamas Trust Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Rebounded strongly after the most challenging quarter, generating GAAP earnings of $0.28 and comprehensive earnings of $0.50, increasing book value to $4.35.
New York Mortgage Trust reported a strong rebound in the second quarter of 2020, with a significant increase in GAAP earnings, comprehensive earnings, and book value per share. The company focused on stabilizing its funding strategy and retaining non-Agency credit assets, benefiting from a resilient housing market.
- Reinstated quarterly dividends on common and preferred stock, including dividends in arrears for Q1 2020.
- Completed a non-mark-to-market re-securitization backed by non-Agency RMBS, generating net proceeds of approximately $109.3 million.
- Obtained additional financing of $248.8 million for residential loans under a repurchase agreement.
- Reduced outstanding repurchase agreements to finance investment securities by $625.8 million from March 31, 2020.
Headline financials
Revenue & EPS history
NYMT · Revenue · Quarterly
$133M
Revenue by segment
NYMT · $15K total across 1 segment · Q2 2023
- Corporate/Other$15K—100.0%
Forward guidance
The Company anticipates a path for stable growth under a now-reduced competitive landscape due to a sizeable current cash balance and advantageous financing.
Tailwinds
- Disciplined conservative investment culture
- Retained assets with attractive price recovery potential
- Resilient U.S. housing market
- Tight supply and record low lending rates
- Avoided expensive recapitalization initiatives
Headwinds
- Changes in business and investment strategy
- Changes in interest rates and the fair market value of the Company’s assets
- Volatility of the markets
- Changes in prepayment rates on the loans
- Increased rates of default or delinquencies
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
-1.1%
Avg return
Earnings day
-0.3%
Avg return
5 days after
+0.5%
Avg return
30 days after
41%
26 / 64 earnings
Positive
+8.2%
Q1 2025
Best reaction
-18.3%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.0% | -1.7% | +2.3% | |
| Q4 2025 | +3.2% | -0.2% | -8.6% | |
| Q3 2025 | -4.8% | -1.4% | +10.4% | |
| Q1 2025 | +8.2% | +9.7% | +11.2% | |
| Q4 2024 | +7.3% | +14.4% | +13.4% | |
| Q3 2024 | +6.1% | +4.4% | +12.9% | |
| Q2 2024 | -3.8% | -11.4% | +1.1% | |
| Q1 2024 | -8.5% | -10.2% | -13.1% | |
| Q4 2023 | -3.7% | -5.5% | -7.5% | |
| Q3 2023 | +0.5% | +1.4% | +17.6% | |
| Q2 2023 | -9.9% | -9.8% | -5.0% | |
| Q1 2023 | -0.2% | +3.2% | +7.4% | |
| Q4 2022 | -4.9% | -7.3% | -20.0% | |
| Q3 2022 | -3.4% | +0.4% | +9.4% | |
| Q2 2022 | -2.2% | -7.2% | -14.1% | |
| Q1 2022 | +1.9% | -1.9% | -2.8% | |
| Q4 2021 | -1.4% | -4.9% | +1.4% | |
| Q3 2021 | -5.1% | -2.7% | -16.0% | |
| Q2 2021 | +1.4% | +2.1% | +2.8% | |
| Q1 2021 | -2.6% | -6.0% | -1.1% | |
| Q4 2020 | +0.2% | +3.9% | +9.8% | |
| Q3 2020 | +0.4% | +11.2% | +40.9% | |
| Q2 2020 | +5.0% | +10.9% | +0.4% | |
| Q1 2020 | +3.9% | +10.8% | +37.6% | |
| Q4 2019 | -2.1% | -9.1% | -80.5% | |
| Q3 2019 | -1.1% | -0.8% | +0.2% | |
| Q2 2019 | +0.8% | +3.5% | +2.6% | |
| Q1 2019 | -0.2% | -3.3% | -2.1% | |
| Q4 2018 | -1.9% | -1.9% | -3.0% | |
| Q3 2018 | +0.3% | -3.2% | -3.0% | |
| Q2 2018 | +3.4% | +1.8% | +3.7% | |
| Q1 2018 | +3.2% | +3.2% | +2.5% | |
| Q4 2017 | -1.0% | -0.3% | +4.0% | |
| Q3 2017 | +3.8% | +3.6% | +5.6% | |
| Q2 2017 | -2.9% | -1.9% | +0.5% | |
| Q1 2017 | -3.6% | -1.9% | +0.0% | |
| Q4 2016 | -3.4% | -1.2% | -4.4% | |
| Q3 2016 | +0.0% | +1.7% | +10.5% | |
| Q2 2016 | -6.6% | -3.2% | -8.7% | |
| Q1 2016 | +1.6% | — | — | |
| Q4 2015 | -18.3% | — | — | |
| Q3 2015 | -2.8% | — | — | |
| Q2 2015 | -4.8% | — | — | |
| Q1 2015 | -3.2% | — | — | |
| Q4 2014 | +0.3% | — | — | |
| Q3 2014 | -0.3% | — | — | |
| Q2 2014 | +1.8% | — | — | |
| Q1 2014 | +3.3% | — | — | |
| Q4 2013 | +2.4% | — | — | |
| Q3 2013 | +3.4% | — | — | |
| Q2 2013 | -5.8% | — | — | |
| Q1 2013 | +1.3% | — | — | |
| Q4 2012 | -1.1% | — | — | |
| Q3 2012 | -1.6% | — | — | |
| Q4 2011 | -1.6% | — | — | |
| Q2 2012 | +0.6% | — | — | |
| Q1 2011 | -1.6% | — | — | |
| Q1 2012 | -1.5% | — | — | |
| Q3 2010 | +1.2% | — | — | |
| Q3 2011 | +1.2% | — | — | |
| Q4 2010 | -4.1% | — | — | |
| Q2 2010 | -4.1% | — | — | |
| Q2 2011 | -4.1% | — | — | |
| Q1 2010 | -5.6% | — | — |
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