New York Mortgage Trust, Inc. reported net income attributable to common stockholders of $30.3 million, or $0.33 per basic share, for the first quarter ended March 31, 2025. This marks a significant turnaround from a net loss of $57.9 million in Q1 2024.
Interest income surged to $129.7 million in Q1 2025, a 55% increase from $83.9 million in the same period of 2024. Earnings Available for Distribution (EAD) also saw a substantial increase to $18.2 million, or $0.20 per common share, up from $2.1 million, or $0.02 per common share, in Q1 2024.
The company's strategic repositioning, shifting capital towards higher-yielding residential loans and Agency RMBS, contributed directly to this improved financial performance. The return to positive net income and EAD demonstrates the initial success of this strategic pivot.
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