New York Mortgage Trust reported a strong fourth quarter, with GAAP earnings of $0.20 per share and comprehensive income of $0.21 per share. The company's financial performance generated economic returns of 3.6% for the fourth quarter. The company nearly doubled its equity market capitalization and investment portfolio during the year.
Generated $0.20 per share of GAAP earnings for the fourth quarter of 2019.
Posted comprehensive income of $0.21 per share for the fourth quarter of 2019.
Generated economic returns of 3.6% for the fourth quarter of 2019.
Opportunistically accessed the capital markets through equity issuances, raising approximately $339 million during the fourth quarter.
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