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New York Mortgage Trust ADAM Operating Lease ROU Assets

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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$855.66M+44.2%
Enterprise value$1.16B+4.9%
P/E5.5×-4.0×
P/S1.3×+0.1×

Profitability

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Operating margin29%+23.4pp
Net margin24.1%+15.6pp
FCF margin20.9%

Returns & leverage

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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:OperatingLeaseRightOfUseAsset.

The source filing: New York Mortgage Trust’s 10-Q, filed November 4, 2022.

Filed
Nov 4, 2022, 4:23 PM EDT
Fiscal quarter
Q3 FY2022
Calendar quarter
Q3 2022
Accession
0001273685-22-000098
Line itemSeptember 30, 2022December 31, 2021
Collections receivable from residential loan servicers14,15228,634
Recoverable advances on residential loans12,60014,143
Other assets in consolidated multi-family properties13,54921,668
Operating lease right-of-use assets8,1329,011
Real estate owned3,0492,055
Deferred tax assets2,5956,282
Lease intangibles, net in consolidated multi-family properties (2)39,769
Other4,4144,003

Item 1. Condensed Consolidated Financial Statements

FAQ

What is New York Mortgage Trust's operating lease ROU assets?
New York Mortgage Trust (ADAM) reported operating lease ROU assets of $8.13M in Q3 2022.
How has New York Mortgage Trust's operating lease ROU assets changed year-over-year?
New York Mortgage Trust's operating lease ROU assets decreased by 12.6% year-over-year, from $9.3M to $8.13M.
What does operating lease ROU assets mean?
Right-of-use assets representing the lessee's right to use leased property over the lease term under ASC 842 operating lease classification.

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