New York Mortgage Trust: 4Q Earnings Snapshot

·1 min read

NEW YORK (AP) _ New York Mortgage Trust Inc. (NYMT) on Wednesday reported fourth-quarter profit of $80.4 million.

On a per-share basis, the New York-based company said it had profit of 18 cents. Earnings, adjusted for non-recurring gains, were 8 cents per share.

The real estate investment trust posted revenue of $113.5 million in the period. Its adjusted revenue was $26 million.

For the year, the company reported a loss of $329.7 million, or 89 cents per share, swinging to a loss in the period. Revenue was reported as $127.1 million.

In the final minutes of trading on Wednesday, the company's shares hit $4.25. A year ago, they were trading at $6.20.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NYMT at https://www.zacks.com/ap/NYMT