New York Mortgage Trust: 4Q Earnings Snapshot
New York Mortgage Trust: 4Q Earnings Snapshot
NEW YORK (AP) _ New York Mortgage Trust Inc. (NYMT) on Thursday reported fourth-quarter profit of $9.6 million.
On a per-share basis, the New York-based company said it had profit of 2 cents.
The real estate investment trust posted revenue of $130.2 million in the period. Its adjusted revenue was $21.9 million.
For the year, the company reported profit of $102.9 million, or 86 cents per share. Revenue was reported as $78.7 million.
New York Mortgage Trust shares have risen 6 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.25, a rise of 10 percent in the last 12 months.
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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
