New York Mortgage Trust Reports Second Quarter 2019 Results

Go back to New York Mortgage Trust Reports Second Quarter 2019 Results

New York Mortgage Trust (NYMT) Misses Q2 EPS by 8c

August 5, 2019 4:57 PM EDT

New York Mortgage Trust (NASDAQ: NYMT) reported Q2 EPS of $0.08, $0.08 worse than the analyst estimate of $0.16.

Summary of Second Quarter 2019:

Earned net income attributable to common stockholders of $16.5 million, or $0.08 per share (basic), and comprehensive income to common stockholders of $36.6 million, or $0.18 per share.Earned net interest income of $25.7 million and portfolio net interest margin of 216 basis points.Recognized book value per common share of $5.75 at June 30, 2019, unchanged from March 31, 2019, resulting in an economic return of 3.5% for the quarter and an annualized economic return of 17.7% for the six months ended June 30,... More