New York Mortgage Trust, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:05 pm EDT
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New York Mortgage Trust, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 42.39 million compared to USD 40.78 million a year ago. Net loss was USD 84.51 million compared to USD 115.28 million a year ago. Basic loss per share from continuing operations was USD 1.04 compared to USD 1.33 a year ago. Diluted loss per share from continuing operations was USD 1.04 compared to USD 1.33 a year ago.
For the nine months, sales was USD 128.91 million compared to USD 102.24 million a year ago. Net loss was USD 90.57 million compared to USD 261.02 million a year ago. Basic loss per share from continuing operations was USD 1.33 compared to USD 3.08 a year ago. Diluted loss per share from continuing operations was USD 1.33 compared to USD 3.08 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. 
