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.