New York Mortgage Trust (NYMT) Misses Q4 EPS by 7c
New York Mortgage Trust (NASDAQ: NYMT) reported Q4 EPS of $0.09, $0.07 worse than the analyst estimate of $0.16.
Summary of Fourth Quarter 2016:
- Net income attributable to common stockholders of $9.7 million, or $0.09 per share.
- Net interest income of $14.8 million and net interest margin of 263 basis points.
- Book value per common share of $6.13 at December 31, 2016, delivering an economic return of 0.47% for the quarter ended and 8.41% for the year ended December 31, 2016.
- Declared fourth quarter dividend of $0.24 per common share that was paid on January 26, 2017.
- Repaid $55.9 million of outstanding notes from a November 2013 collateralized recourse financing, which was collateralized by multi-family CMBS issued from three separate Freddie Mac-sponsored multi-family K-Series securitizations (the "2013 Multi-Family Collateralized Recourse Financing"). In connection with the repayment of the notes, approximately $181.9 million of multi-family CMBS collateral value was transferred back to the Company.
- Issued and sold 1,905,206 shares of common stock at an average sales price of $6.87 per share under our at-the-market offering program, resulting in total net proceeds to the Company of $12.8 million.
For earnings history and earnings-related data on New York Mortgage Trust (NYMT) click here.
