NASDAQ$ADAM

Adamas Trust Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported solid results with GAAP earnings per share of $0.19 and comprehensive earnings per share of $0.22.

New York Mortgage Trust reported a solid fourth quarter with GAAP earnings per share of $0.19 and comprehensive earnings per share of $0.22. The company's book value per share was $4.71, up 3% from the prior quarter, resulting in an economic return of 5% for the quarter.

  • Completed a securitization of residential loans, resulting in approximately $299.3 million of net proceeds.
  • Acquired residential loans and Agency RMBS totaling $458.8 million.
  • Acquired multi-family preferred equity investments totaling approximately $30.7 million.
  • The Company had a solid fourth quarter, delivering $0.19 GAAP earnings per share and $0.22 in comprehensive earnings per share.

Headline financials

Total Revenue

$26M

Previous: $44M-41.0%
EPS (adj)

$0.72

Previous: $0.80-10.0%
Capital Expenditures

$206K

No prior period
Free Cash Flow

$34M

Previous: $8.72M+289.3%
Net Income

$80M

Previous: $55.3M+44.6%
Operating Income

$80M

Previous: $215.00+37231062.8%
Cash & Equivalents

$293M

Previous: $119M+146.9%
Total Assets

$4.66B

Previous: $23.5B-80.2%
Stock-Based Comp

$2.36M

Previous: $1.29M+82.8%

Revenue & EPS history

NYMT · Revenue · Quarterly

$26M

Q4 2020-41%vs Q4 2019
Beat estimate in 1 of 16 quarters(6%)
ActualEstimate

Revenue by segment

NYMT · $15K total across 1 segment · Q2 2023

  • Corporate/Other
    $15K

Forward guidance

NYMT has emerged from an unprecedented year with renewed positions of strength and confidence that we believe are capable of delivering solid results for stockholders in 2021.

Tailwinds

  • Housing credit risk currently benefits from favorable trends.
  • Low housing inventory for sale.
  • Population shifts to the southern and southeast U.S.
  • Sustainable earnings growth for housing and housing-related assets.
  • Flexibility afforded by our low levered balance sheet.

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 Q4 2020

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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