New York Mortgage Trust: 2Q Earnings Snapshot

Posted Aug 5, 2020 5:38 pm.

Last Updated Aug 5, 2020 5:44 pm.

This article is more than 5 years old.

NEW YORK (AP) _ New York Mortgage Trust Inc. (NYMT) on Wednesday reported second-quarter net income of $117.8 million.

The New York-based company said it had net income of 28 cents per share. Earnings, adjusted for non-recurring gains, came to 8 cents per share.

The real estate investment trust posted revenue of $152.4 million in the period. Its adjusted revenue was $28.5 million.

In the final minutes of trading on Wednesday, the company’s shares hit $2.67. A year ago, they were trading at $5.94.

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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

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