New York Mortgage Trust, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 02, 2023 at 04:05 pm EDT
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New York Mortgage Trust, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 44.78 million compared to USD 35.87 million a year ago. Net loss was USD 26.93 million compared to USD 71.9 million a year ago. Basic loss per share from continuing operations was USD 0.41 compared to USD 0.86 a year ago. Diluted loss per share from continuing operations was USD 0.41 compared to USD 0.86 a year ago.
For the six months, sales was USD 86.52 million compared to USD 61.46 million a year ago. Net loss was USD 6.07 million compared to USD 145.75 million a year ago. Basic loss per share from continuing operations was USD 0.29 compared to USD 1.75 a year ago. Diluted loss per share from continuing operations was USD 0.29 compared to USD 1.75 a year ago.
New York Mortgage Trust, Inc. is a real estate investment trust (REIT). The Company is engaged in the business of acquiring, investing in, financing, and managing primarily mortgage-related single-family and multi-family residential assets. Its objective is to deliver long-term stable distributions to its stockholder. The Companyâs investment portfolio includes credit sensitive single-family and multi-family assets, as well as more traditional types of fixed-income investments that provide coupon income, such as Agency residential mortgage-backed securities (RMBS). The Companyâs investments include residential loans, including business purpose loans; structured multi-family property investments such as preferred equity in, and mezzanine loans to, owners of multi-family properties; agency RMBS; non-agency RMBS; commercial mortgage-backed security (CMBS), and other mortgage, residential housing and credit-related assets and strategic investments in companies.
NEW YORK MORTGAGE TRUST, INC. 
