New York Mortgage Trust (New York Mortgage Trust) Intangible Assets : $1.0 Mil (As of Mar. 2024)

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What is New York Mortgage Trust Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. New York Mortgage Trust's intangible assets for the quarter that ended in Mar. 2024 was $1.0 Mil.

New York Mortgage Trust Intangible Assets Historical Data

The historical data trend for New York Mortgage Trust's Intangible Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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New York Mortgage Trust Intangible Assets Chart

New York Mortgage Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Intangible Assets

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25.22

39.77

2.38

New York Mortgage Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Intangible Assets	Get a 7-Day Free Trial															-	-	-	2.38	0.95

New York Mortgage Trust Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

New York Mortgage Trust (NAS:NYMT) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

New York Mortgage Trust Intangible Assets Related Terms

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New York Mortgage Trust (New York Mortgage Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » New York Mortgage Trust Inc (NAS:NYMT) » Definitions » Intangible Assets

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Traded in Other Exchanges

NYMTM.PFD:USA NYMTN.PFD:USA NKZ0:Germany

Address

90 Park Avenue, New York, NY, USA, 10016

Website

https://www.nymtrust.com

New York Mortgage Trust Inc is a real estate investment trust for federal income tax purposes, in the business of acquiring, investing in, financing and managing mortgage-related and residential housing-related assets. The company's investment portfolio consists of Structured multi-family property investments such as multi-family CMBS an preferred equity in, and mezzanine loans to owners of multi-family properties. Distressed residential assets such as residential mortgage loans sourced from distressed markets and non-Agency RMBS. Second mortgages, Agency RMBS, and certain other mortgage-related and residential housing-related assets.

Executives

Nicholas Mah	officer: President	90 PARK AVENUE, FLOOR 23, NEW YORK NY 10016
Gena Cheng	director	401 EAST JACKSON STREET, SUITE 3300, TAMPA FL 33602
Audrey Greenberg	director	90 PARK AVENUE, FLOOR 23, NEW YORK NY 10016
Steven G Norcutt	director	1301 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10019
Steven R Mumma	officer: Chief Operating Officer and VP	1301 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10019
Nathan R Reese	officer: Vice President and Secretary	C/O NEW YORK MORTGAGE TRUST, INC., 52 VANDERBILT AVENUE, SUITE 403, NEW YORK NY 10017
Kristine Rimando Nario	officer: Chief Financial Officer	275 MADISON AVENUE, SUITE 3200, NEW YORK NY 10016
Jason T Serrano	officer: President	275 MADISON AVENUE, NEW YORK NY 10016
Alan L Hainey	director	1301 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10019
Lisa A Pendergast	director	275 MADISON AVENUE, NEW YORK NY 10016
Michael B. Clement	director	275 MADISON AVENUE, NEW YORK NY 10016
Kevin M. Donlon	officer: President	227 WEST TRADE STREET, SUITE 900, CHARLOTTE NC 28202
Douglas E Neal	director	52 VANDERBILT AVENUE, SUITE 403, NEW YORK NY 10017
Jmp Asset Management Llc	10 percent owner	600 MONTGOMERY STREET, SUITE 1100, SAN FRANCISCO CA 94111
Fredric S. Starker	officer: Chief Financial Officer	52 VANDERBILT AVENUE, SUITE 403, NEW YORK NY 10017