New York Mortgage Trust (NASDAQ:NYMT) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$32.4m (down 2.5% from 2Q 2023).

• Net loss: US$26.0m (loss narrowed by 30% from 2Q 2023).

• US$0.29 loss per share (improved from US$0.41 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

New York Mortgage Trust Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 18%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is expected to decline by 7.5% p.a. on average during the next 3 years, while revenues in the Mortgage REITs industry in the US are expected to grow by 42%.

Performance of the American Mortgage REITs industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for New York Mortgage Trust you should be aware of.

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