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New York Mortgage Trust Sees Q1 EPS In $0.28-$0.31 Range

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

New York Mortgage Trust, Inc. (NYMT) said Monday that it expects first quarter net income per share will be in the range of $0.28 to $0.31, which includes $0.12 to $0.15 per share of unrealized gain on multi-family loans and debt held in securitization trusts, net.

The company further estimates that its first quarter net income per share will include $0.05 to $0.06 of unrealized gain on investment securities and related hedges, net, which will be offset by $0.06 to $0.07 of realized loss on investment securities and related hedges, net.

The company noted that its first quarter net income was positively impacted by a continued low interest rate environment for the financing of its assets and a narrowing of credit spread on the company's multi-family CMBS.

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