New York Mortgage Trust (NASDAQ: NYMT) reported Q4 EPS of $0.06, $0.05 worse than the analyst estimate of $0.11.

Jason Serrano, Chief Executive Officer and President, commented: “The Company’s investment portfolio was transformed over the course of 2021 by our continued pursuit of organically-sourced opportunities through proprietary loan and joint venture pipelines. This strategic focus culminated in the fourth quarter with record quarterly investment acquisitions and fundings, portfolio yields at the highest level in nearly 10 years and a stable book value. We believe a diversified portfolio growth strategy centered around recurring income streams will provide stability to earnings in 2022. With industry leading low Company recourse leverage and flexibility aided by our low-cost operating structure, we are taking a more offensive posture to pursue opportunities in the higher rate environment for continued portfolio growth. We believe this is the path to enhance earnings.”

For earnings history and earnings-related data on New York Mortgage Trust (NYMT) click here.