What does multi-family loans, at fair value mean?

This represents the fair value of multi-family mortgage loans held as long-term investments on the balance sheet. These loans are typically held to maturity to generate recurring interest income rather than for immediate sale. The valuation is sensitive to credit risk, prepayment speeds, and prevailing market interest rates for commercial real estate.

New York Mortgage Trust ADAM Multi-family loans, at fair value

Multi-family loans, at fair value at other companies

EFC

Ellington Financial Inc.EFC

$17.39B+21.9%

Jackson FinancialJXN

$196M-56.5%

Velocity FinancialVEL

$5.15B+56.8%

Merchants BancorpMBIN

$7.38M+1,543%

Finance of America CompaniesFOA

$454.25M-28.4%

PRO

Provident Financial HoldingsPROV

$997K-3.4%

Other financials

Income statement

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Revenue$172.1M+32.6%

Operating income$86.7M+130%

Net income$48.6M+15.3%

EPS (diluted)$0.40+21.2%

Balance sheet

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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

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Operating cash flow-$16.7M-165%

CapEx$2.0M-41.0%

Free cash flow$31.5M—

Valuation

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Market cap$777.3M+26.6%

Enterprise value$1.09B-3.9%

P/E5×-4.9×

P/S1.2×0.0×

Profitability

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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 adam:FinancialInstrumentOwnedLoansAndPreferredEquityNet.

The official record: New York Mortgage Trust’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is New York Mortgage Trust's multi-family loans, at fair value?: New York Mortgage Trust (ADAM) reported multi-family loans, at fair value of $55.91M in Q1 2026.
What does multi-family loans, at fair value mean?: This represents the fair value of multi-family mortgage loans held as long-term investments on the balance sheet. These loans are typically held to maturity to generate recurring interest income rather than for immediate sale. The valuation is sensitive to credit risk, prepayment speeds, and prevailing market interest rates for commercial real estate.