What does houston, TX — total adjustment to basis mean?

The cumulative net adjustments made to the cost basis of real estate assets in Houston, TX, including impairments, reclassifications, or other accounting adjustments. This reflects changes to the carrying value of assets beyond standard depreciation.

New York Mortgage Trust (ADAM) Houston, TX — Total Adjustment to Basis

Screener

Other geography segments

Chicago, IL

$10.89M—

St Petersburg, FL

$4.49M—

Baltimore, MD

$4.1M—

San Antonio, TX

$3.07M—

Collierville, TN

$2.84M—

Corpus Christi, TX

$2.81M—

Dallas, TX

$1.78M—

Pittsburgh, PA

-$1.68M—

Montgomery, AL

$1.62M—

Little Rock, AR

$1.36M—

Louisville, KY

$1.24M—

Indianapolis, IN

$908K—

Tampa, FL

-$300K—

Monroe, GA

$283K—

Similar metrics at other companies

PSAHouston — Costs Subsequent to Acquisition

$360.49M+7.1%

EXRTX — Adjustments and Costs to Land and Building Subsequent to Acquisition

$166.82M+42.3%

PSABoston — Costs Subsequent to Acquisition

$47.54M+8.4%

EXRFL — Adjustments and Costs to Land and Building Subsequent to Acquisition

$205.16M+56.1%

EXRGA — Adjustments and Costs to Land and Building Subsequent to Acquisition

$70.43M+26.1%

EXRHI — Adjustments and Costs to Land and Building Subsequent to Acquisition

$24.88M-1.7%

Other financials

Income statement

See full

Revenue$172.1M+32.6%

Operating income$86.7M+130%

Net income$48.6M+15.3%

EPS (diluted)$0.40+21.2%

Balance sheet

See full

Cash & equivalents$365.4M+33.2%

Total debt$674.6M-14.2%

Total equity$1.5B+3.9%

Total assets$12.8B+27.9%

Cash flow

See full

Operating cash flow-$16.7M-165%

CapEx$2.0M-41.0%

Free cash flow$31.5M—

Valuation

See full

Market cap$855.66M+44.2%

Enterprise value$1.16B+4.9%

P/E5.5×-4.0×

P/S1.3×+0.1×

Profitability

See full

Operating margin29%+23.4pp

Net margin24.1%+15.6pp

FCF margin20.9%—

Returns & leverage

See full

Return on equity10.9%+8.2pp

Debt / equity0.5×-0.1×

Where this comes from

Reported directly by New York Mortgage Trust in its filing.

Tagged under the XBRL concept us-gaap:RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts.

The source filing: New York Mortgage Trust’s 10-K, filed February 20, 2026.

Filed: Feb 20, 2026, 5:23 PM EST
Fiscal year: FY2025
Accession: 0001273685-26-000029

Market	Number of Properties	Encumbrances	Initial Cost to Company / Land	Initial Cost to Company / Buildings and Improvements	Total Adjustment to Basis (2)	Gross Amount at Close of Period (1) / Land	Gross Amount at Close of Period (1) / Buildings and Improvements	Gross Amount at Close of Period (1) / Total	Accumulated Depreciation	Date of Construction	Date Acquired	Depreciable Period (Years)
Single-Family Rental - Operating
Chicago, IL	216	$30,715	$9,593	$47,204	$10,892	$9,593	$58,096	$67,689	$(7,769)	1890 - 2010	2021- 2022	30
Baltimore, MD	108	16,682	8,592	23,480	4,096	8,569	27,599	36,168	(3,220)	1921 - 2006	2021- 2022	30
Houston, TX	67	10,262	3,374	15,874	2,262	3,374	18,136	21,510	(2,212)	1954 - 2019	2021 - 2022	30
Monroe, GA	21	—	527	2,654	283	527	2,937	3,464	(205)	2004 - 2019	2023	30
Pittsburgh, PA	12	—	509	3,172	(1,677)	322	1,682	2,004	(70)	1940 - 1991	2022	30
Indianapolis, IN	7	—	208	577	908	208	1,485	1,693	(96)	1913 - 1935	2024	30
Tampa, FL	6	1,115	477	1,503	259	477	1,762	2,239	(202)	1951 - 2008	2022	30

Item 16. FORM 10-K SUMMARY

FAQ

What is New York Mortgage Trust's houston, TX — total adjustment to basis?: New York Mortgage Trust (ADAM) reported houston, TX — total adjustment to basis of $2.26M in Q4 2025.
What does houston, TX — total adjustment to basis mean?: The cumulative net adjustments made to the cost basis of real estate assets in Houston, TX, including impairments, reclassifications, or other accounting adjustments. This reflects changes to the carrying value of assets beyond standard depreciation.