New York Mortgage Trust (NYMT) Reports Q1 EPS of $0.13; Will Acquire Rest of RiverBanc
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New York Mortgage Trust Reports First Quarter 2016 Results
May 3, 2016 4:01 PM EDTNEW YORK, May 03, 2016 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (NYMT, the Company, we, our or us) today reported results for the three months ended March 31, 2016.
Summary of First Quarter 2016:
Net income attributable to common stockholders of $13.7 million, or $0.13 per share.Portfolio net interest income of $18.1 million and net interest margin of 333 basis points.Sold distressed residential loans with a carrying value of $34.0 million for aggregate proceeds of $39.5 million, which resulted in realized gains of $5.5 million.Repaid outstanding FHLBI advances and outstanding notes from our 2013 distressed... More