NASDAQ$ADAM
Adamas Trust Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported results for the three and six months ended June 30, 2023.
New York Mortgage Trust reported a net loss attributable to common stockholders of $37.2 million, or $0.41 per share, for the second quarter of 2023. The company maintained a defensive posture within the credit markets, adding over $0.5B of Agency RMBS to reverse a sequential decline of the portfolio’s interest income.
- Purchased approximately $545.6 million of Agency RMBS and approximately $106.3 million in residential loans.
- Received approximately $33.7 million in proceeds from redemptions of Mezzanine Lending investments.
- Sold four multi-family properties held by joint venture equity investments representing total net equity investments of $38 million.
- Obtained $76.5 million of financing for single-family rental properties through a warehouse facility with an existing counterparty.
Headline financials
Revenue & EPS history
NYMT · Revenue · Quarterly
$15.1M
Revenue by segment
NYMT · $15K total across 1 segment · Q2 2023
- Corporate/Other$15K—100.0%
Forward guidance
Management anticipates a favorable environment for secondary market acquisitions and primary market originations supporting an increase to Company earnings through balance sheet expansion.
Tailwinds
- Wider Agency RMBS spreads not seen since March 2020 present a constructive outlook for the sector.
- Excess liquidity will continue to be allocated in anticipation of a declining credit market.
- Changes to the bank regulatory landscape may accelerate opportunities in credit for NYMT.
- FDIC's announcement to increase certain bank capital requirements against portfolio holdings diminishes bank balance sheet capacity.
- Restricting the ability of property investors to source viable financing options.
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 2023
-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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