New York Mortgage Trust, Inc. reported a net loss attributable to common stockholders of $(41.8) million for the fourth quarter ended December 31, 2024. For the full year 2024, the net loss attributable to common stockholders was $(103.8) million.
The company delivered earnings and revenue surprises of -650% and 17.21%, respectively, for the quarter. Despite the revenue beat, the significant earnings miss indicates challenges in profitability during the period.
The reported net loss for both the quarter and the full year reflects the impact of market conditions and operational factors on the company's financial performance. Investors will be evaluating the company's strategies to return to profitability in the upcoming periods.
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