Name | Value |
---|---|
Revenues | 25.8M |
Cost of Revenue | 86.8M |
Gross Profit | -61.0M |
Operating Expense | 104.7M |
Operating I/L | -42.2M |
Other Income/Expense | -0.2M |
Interest Income | 62.9M |
Pretax | -42.4M |
Income Tax Expense | 0.8M |
Net Income/Loss | -43.2M |
New York Mortgage Trust, Inc. is a real estate investment trust that specializes in acquiring, investing in, financing, and managing mortgage-related assets in the United States. The company's targeted investments include residential loans, second mortgages, business purpose loans, multi-family property investments, non-agency and agency residential mortgage-backed securities, commercial mortgage-backed securities, and other credit-related assets. By qualifying as a real estate investment trust, the company aims to minimize federal corporate income taxes by distributing at least 90% of its taxable income to stockholders.