New York Mortgage Trust: 2Q Earnings Snapshot
NEW YORK (AP) _ New York Mortgage Trust Inc. (NYMT) on Monday reported second-quarter net income of $22.7 million.
On a per-share basis, the New York-based company said it had net income of 8 cents.
The real estate investment trust posted revenue of $175.8 million in the period. Its adjusted revenue was $25.7 million.
New York Mortgage Trust shares have risen roughly 1% since the beginning of the year. In the final minutes of trading on Monday, shares hit $5.94, a drop of almost 7% in the last 12 months.