New York Mortgage Trust (NYMT) Tops Q1 EPS by 4c

New York Mortgage Trust (NASDAQ: NYMT) reported Q1 EPS of $0.22, $0.04 better than the analyst estimate of $0.18.

• Earned net income attributable to common stockholders of $38.2 million, or $0.22 per share (basic), and comprehensive income to common stockholders of $51.3 million, or $0.29 per share.
• Earned net interest income of $26.2 million and portfolio net interest margin of 240 basis points.
• Recognized book value per common share of $5.75 at March 31, 2019, an increase of approximately 1.8% from December 31, 2018, resulting in an economic return of 5.3% for the quarter and an annualized economic return of 21.2% for the three months ended March 31, 2019.
• Declared first quarter dividend of $0.20 per common share that was paid on April 25, 2019.
• Issued 31,740,000 shares of common stock through underwritten public offerings, resulting in total net proceeds of $184.9 million.
• Acquired residential and multi-family credit assets totaling $432.8 million.
• Sold multi-family CMBS for aggregate proceeds of approximately $56.8 million, resulting in a realized gain of $16.8 million.

For earnings history and earnings-related data on New York Mortgage Trust (NYMT) click here.

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