Name | Value |
---|---|
Revenues | 20.2M |
Cost of Revenue | 35.3M |
Gross Profit | -15.0M |
Operating Expense | 22.8M |
Operating I/L | 34.7M |
Other Income/Expense | 8.1M |
Interest Income | 108.4M |
Pretax | 42.8M |
Income Tax Expense | 2.3M |
Net Income/Loss | 32.4M |
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 its stockholders.