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New York Mortgage Trust logo

New York Mortgage Trust Business Segments

Business, geographic, and product segment breakdowns

New York Mortgage Trust generates $644.3M in annual revenue across 2 key segments: Constructive (-), and Investment Portfolio ($4.6M). The company-wide operating margin is 29.0%. Based on the Q1 2026 filing.

Constructive-Investment Portfolio$4.6M
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$825.8M
P/E Ratio5.31
ROE10.88%

Geographic

Geographic concentration, percent

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Texas1.0%36.3%6.1%4.4%11.0%57.9%
Florida—13.2%0.5%1.4%3.5%18.7%
Ohio0.9%——7.4%1.3%13.4%
California0.0%26.5%——0.2%13.2%
New York0.1%10.8%——1.2%12.8%
New Jersey1.3%7.8%—4.5%—11.4%
Arkansas1.8%8.8%1.5%—1.7%9.2%
Indiana0.1%5.5%0.9%0.6%1.5%8.5%
Illinois—6.3%1.1%1.9%—7.4%
Pennsylvania1.3%——6.4%—5.7%

Buildings and Improvements

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Baltimore, MD$29.8M———$27.6M—
Chicago, IL$60.2M———$58.1M—
Collierville, TN$48.2M———$48.5M—
Corpus Christi, TX$50.4M———$52.3M—
Dallas, TX$36.3M———$36.4M—
Houston, TX$26.7M———$26.9M—
Indianapolis, IN$1.2M———$1.5M—
Little Rock, AR$28.5M———$28.6M—
Louisville, KY$53.9M———$54.1M—
Monroe, GA————$2.9M—
Montgomery, AL$28.2M———$28.6M—
Pittsburgh, PA$1.7M———$1.7M—
San Antonio, TX$46.1M———$46.3M—
St Petersburg, FL$79.1M———$79.3M—
Tampa, FL$61.1M———$1.8M—

Encumbrances

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Baltimore, MD$18.0M———$16.7M—
Chicago, IL$32.3M———$30.7M—
Collierville, TN$39.3M———$38.8M—
Corpus Christi, TX$45.1M———$45.1M—
Dallas, TX$26.1M———$25.4M—
Houston, TX$22.9M———$22.9M—
Indianapolis, IN$0.0———$0.0—
Little Rock, AR$25.4M———$25.0M—
Louisville, KY$41.6M———$40.7M—
Monroe, GA————$0.0—
Montgomery, AL$20.8M———$20.4M—
Pittsburgh, PA$482.0K———$189.0K—
San Antonio, TX$35.4M———$34.8M—
St Petersburg, FL$56.2M———$55.1M—
Tampa, FL$55.2M———$1.1M—

Land

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Baltimore, MD$9.3M———$8.6M—
Chicago, IL$10.1M———$9.6M—
Collierville, TN$3.1M———$3.1M—
Corpus Christi, TX$4.9M———$4.9M—
Dallas, TX$5.7M———$5.7M—
Houston, TX$6.4M———$6.4M—
Indianapolis, IN$228.0K———$208.0K—
Little Rock, AR$2.4M———$2.4M—
Louisville, KY$5.6M———$5.6M—
Monroe, GA————$527.0K—
Montgomery, AL$3.4M———$3.4M—
Pittsburgh, PA$321.0K———$322.0K—
San Antonio, TX$6.8M———$6.8M—
St Petersburg, FL$9.8M———$9.8M—
Tampa, FL$9.8M———$477.0K—

Number of Properties

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Baltimore, MD119.00———108.00—
Chicago, IL227.00———216.00—
Collierville, TN1.00———1.00—
Corpus Christi, TX1.00———1.00—
Dallas, TX1.00———1.00—
Houston, TX76.00———67.00—
Indianapolis, IN13.00———7.00—
Little Rock, AR1.00———1.00—
Louisville, KY1.00———1.00—
Monroe, GA————21.00—
Montgomery, AL1.00———1.00—
Pittsburgh, PA12.00———12.00—
San Antonio, TX1.00———1.00—
St Petersburg, FL1.00———1.00—
Tampa, FL11.00———6.00—

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Baltimore, MD$2.4M———$3.2M—
Chicago, IL$5.9M———$7.8M—
Collierville, TN$5.8M———$7.8M—
Corpus Christi, TX$1.8M———$3.8M—
Dallas, TX$4.3M———$5.7M—
Houston, TX$3.4M———$4.6M—
Indianapolis, IN$24.0K———$96.0K—
Little Rock, AR$3.4M———$4.5M—
Louisville, KY$5.9M———$8.0M—
Monroe, GA————$205.0K—
Montgomery, AL$3.2M———$4.4M—
Pittsburgh, PA$5.0K———$70.0K—
San Antonio, TX$5.1M———$6.9M—
St Petersburg, FL$9.2M———$12.2M—
Tampa, FL$7.1M———$202.0K—

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Baltimore, MD$39.0M———$36.2M—
Chicago, IL$70.3M———$67.7M—
Collierville, TN$51.3M———$51.6M—
Corpus Christi, TX$55.3M———$57.2M—
Dallas, TX$42.0M———$42.1M—
Houston, TX$33.1M———$33.3M—
Indianapolis, IN$1.9M———$1.7M—
Little Rock, AR$30.8M———$31.0M—
Louisville, KY$59.5M———$59.6M—
Monroe, GA————$3.5M—
Montgomery, AL$31.6M———$32.0M—
Pittsburgh, PA$2.0M———$2.0M—
San Antonio, TX$52.9M———$53.1M—
St Petersburg, FL$88.9M———$89.1M—
Tampa, FL$70.8M———$2.2M—

Total Adjustment to Basis

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Baltimore, MD————$4.1M—
Chicago, IL————$10.9M—
Collierville, TN————$2.8M—
Corpus Christi, TX$892.0K———$2.8M—
Dallas, TX$1.7M———$1.8M—
Houston, TX$2.4M———$2.3M—
Indianapolis, IN$643.0K———$908.0K—
Little Rock, AR————$1.4M—
Louisville, KY————$1.2M—
Monroe, GA————$283.0K—
Montgomery, AL$1.3M———$1.6M—
Pittsburgh, PA-$583.0K———-$1.7M—
San Antonio, TX$2.9M———$3.1M—
St Petersburg, FL————$4.5M—
Tampa, FL————-$300.0K—

Business Segments

Commitments to fund advances for business purpose loans

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Constructive————$102.0M—

Depreciation expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio———$5.9M$5.4M$4.6M
Constructive———$0.0$0.0$0.0

Financing Receivable, Origination Costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Constructive———$3.8M$4.3M$4.0M
Investment Portfolio———$0.0$0.0$0.0

Financing transaction costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio———$4.3M—$1.9M
Constructive———$0.0$0.0$0.0

Gains (losses) on derivative instruments, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio———-$10.9M—$39.6M
Constructive———-$1.9M-$2.0K$439.0K

General and administrative expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Constructive———$12.3M$13.2M$11.6M
Investment Portfolio———$463.0K—$6.0M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Constructive———$22.4M$22.4M$22.4M

Impairment of real estate

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio———$1.6M$330.0K$2.2M
Constructive———$0.0$0.0$0.0

Income from equity investments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio———-$1.6M-$3.7M$721.0K
Constructive———$0.0$0.0$0.0

Income Tax Expense (Benefit)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio———$12.0K-$108.0K$15.0K
Constructive———$0.0$0.0$0.0

Interest Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio———$113.4M$115.8M$111.3M
Constructive———$2.1M$2.9M$3.0M

Interest expense, mortgages payable on real estate

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio———$5.4M$4.3M$3.8M
Constructive———$0.0$0.0$0.0

Interest Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio———$158.4M$167.5M$168.6M
Constructive———$2.2M$3.2M$3.5M

Mortgage banking activities, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Constructive———$14.1M$12.5M$15.3M
Investment Portfolio———$0.0$0.0$0.0

Net Income (Loss) Attributable to Noncontrolling Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio———-$5.0M—$38.0M
Constructive———$0.0$0.0$0.0

Other income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio———$1.5M$10.9M$52.9M
Constructive———$0.0$0.0$0.0

Other real estate expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio———$11.6M$9.6M$8.7M
Constructive———$0.0$0.0$0.0

Other real estate income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio———$2.5M$1.9M$1.9M
Constructive———$0.0$0.0$0.0

Portfolio operating expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio———$6.0M$6.7M$6.1M
Constructive———$0.0$0.0$0.0

Preferred Stock Dividends, Income Statement Impact

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Constructive———$0.0$0.0$0.0
Investment Portfolio———$0.0$0.0$0.0

Realized losses, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio———-$5.6M-$14.9M-$10.7M
Constructive———$0.0$0.0$0.0

Rental income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio———$16.6M$14.1M$12.6M
Constructive———$0.0$0.0$0.0

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio———$12.0B$12.1B$12.3B
Constructive———$224.3M$276.7M$300.2M

Unrealized (losses) gains, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment Portfolio———$60.0M$23.0M-$73.8M
Constructive———$0.0$0.0$0.0