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mREIT New York Mortgage Trust Releases Results

mREIT New York Mortgage Trust (NYMT) has released the results of their financials for the quarter ending 3/31/2020.

NYMT held residential mortgages and securities as well as multi family loans and other commercial mortgage backed securities.

The company took massive losses for the quarter, but it looks like maybe now they have the ‘ship righted’ (maybe).

The earnings announcement is here.

The company had previously suspended their preferred dividends and thus far has missed 1 dividend payment on the preferred which was due in April–no new announcement on the dividends has been made as of yet.

The company’s preferred issues can be seen here.

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