Vestin Realty Mortgage II (VRTB) reported second quarter net loss of about $28.6 million or $1.92 per share, compared to net income of about $4.4 million or $0.29 per share in the prior year quarter.
The company specified that quarterly loss was due to non-performing loans and its recording of loan loss provision of about $22.3 million.
Revenues for the quarter declined to $5.9 million from $8.3 million in the year-ago quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.