NEW YORK MORTGAGE TRUST INC
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(Dollar amounts in thousands, except share data)
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS | ||
| Residential loans, at fair value | $3,084,303 | $3,525,080 |
| Investment securities available for sale, at fair value | 2,013,817 | 99,559 |
| Multi-family loans, at fair value | 95,792 | 87,534 |
| Equity investments, at fair value | 147,116 | 179,746 |
| Cash and cash equivalents | 187,107 | 244,718 |
| Real estate, net | 1,131,819 | 692,968 |
| Assets of disposal group held for sale | 426,017 | 1,151,784 |
| Other assets | 315,357 | 259,356 |
| Total Assets (1) | $7,401,328 | $6,240,745 |
| LIABILITIES AND EQUITY | ||
| Liabilities: | ||
| Repurchase agreements | $2,471,113 | $737,023 |
| Collateralized debt obligations ($593,737 at fair value and $1,276,780 at amortized cost, net as of December 31, 2023 and $634,495 at fair value and $1,468,222 at amortized cost, net as of December 31, 2022) | 1,870,517 | 2,102,717 |
| Senior unsecured notes | 98,111 | 97,384 |
| Subordinated debentures | 45,000 | 45,000 |
| Mortgages payable on real estate, net | 784,421 | 394,707 |
| Liabilities of disposal group held for sale | 386,024 | 883,812 |
| Other liabilities | 118,016 | 115,991 |
| Total liabilities (1) | 5,773,202 | 4,376,634 |
| Commitments and Contingencies (See Note 15) | ||
| Redeemable Non-Controlling Interest in Consolidated Variable Interest Entities | 28,061 | 63,803 |
| Stockholders' Equity: | ||
| Preferred stock, par value $0.01 per share, 31,500,000 shares authorized, 22,164,414 and 22,284,994 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively ($554,110 and $557,125 aggregate liquidation preference as of December 31, 2023 and December 31, 2022, respectively) | 535,445 | 538,351 |
| Common stock, par value $0.01 per share, 200,000,000 shares authorized, 90,675,403 and 91,193,688 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively | 907 | 912 |
| Additional paid-in capital | 2,297,081 | 2,282,691 |
| Accumulated other comprehensive loss | (4) | (1,970) |
| Accumulated deficit | (1,253,817) | (1,052,768) |
| Company's stockholders' equity | 1,579,612 | 1,767,216 |
| Non-controlling interests | 20,453 | 33,092 |
| Total equity | 1,600,065 | 1,800,308 |
| Total Liabilities and Equity | $7,401,328 | $6,240,745 |
(1)Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”) as the Company is the primary beneficiary of these VIEs. As of December 31, 2023 and December 31, 2022, assets of consolidated VIEs totaled $3,816,777 and $4,261,097, respectively, and the liabilities of consolidated VIEs totaled $3,076,818 and $3,403,257, respectively. See Note 7 for further discussion.
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