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NEW YORK (AP) — NEW YORK (AP) — New York Mortgage Trust Inc. (NYMT) on Wednesday reported a loss of $31.4 million in its fourth quarter.
On a per-share basis, the New York-based company said it had a loss of 46 cents. Losses, adjusted for non-recurring costs, came to 44 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The real estate investment trust posted revenue of $118.3 million in the period. Its adjusted revenue was $26.7 million, surpassing Street forecasts. Three analysts surveyed by Zacks expected $22.8 million.
For the year, the company reported a loss of $62 million, or $1.14 per share. Revenue was reported as $83.9 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NYMT at https://www.zacks.com/ap/NYMT