New York Mortgage Trust (NYMT) Misses Q1 EPS by 1c

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New York Mortgage Trust Reports First Quarter 2017 Results

May 3, 2017 4:01 PM EDT

NEW YORK, May 03, 2017 (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, 2017.

Summary of First Quarter 2017:

Net income attributable to common stockholders of $16.0 million, or $0.14 per share, and comprehensive income to common stockholders of $18.9 million, or $0.17 per share.Net interest income of $13.9 million and portfolio net interest margin of 270 basis points.Book value per common share of $6.08 at March 31, 2017, delivering an economic return of 2.4% for the quarter and an annualized economic... More