New York Mortgage Trust (NYMT) Reports Q3 EPS of $0.20

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New York Mortgage Trust Reports Third Quarter 2015 Results

November 3, 2015 4:01 PM EST

NEW YORK, Nov. 03, 2015 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (NYMT, the Company, we, our or us) today reported results for the quarter ended September 30, 2015. 

Summary of Third Quarter 2015:

Net income attributable to common stockholders of $22.4 million, or $0.20 per share.Net interest income of $18.3 million and net interest margin of 354 basis points.Sold two pools of distressed residential mortgage loans for aggregate proceeds of approximately $144.2 million, which resulted in a net realized gain, before income taxes, of approximately $23.9 million.Closed on the acquisition of distressed... More