NEW YORK (AP) _ Sutherland Asset Management Corp. (SLD) on Tuesday reported second-quarter net income of $15.3 million.

The New York-based company said it had profit of 48 cents per share. Earnings, adjusted for non-recurring gains, were 47 cents per share.

The real estate investment trust posted revenue of $61.6 million in the period. Its adjusted revenue was $35.2 million.

Sutherland Asset Management shares have climbed slightly more than 8 percent since the beginning of the year. The stock has increased 11 percent in the last 12 months.


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