New York Mortgage Trust (NYMT) has reported 9.22 percent fall in profit for the quarter ended Sep. 30, 2016. The company has earned $23.27 million, or $0.18 a share in the quarter, compared with $25.63 million, or $0.20 a share for the same period last year.    

The company has not recorded any revenues for the current as well as previous quarter.

Steven Mumma, NYMT’s chairman and chief executive officer, commented: "The Company’s investment portfolio generated solid returns and a stable book value during the quarter, as evidenced by a total economic return of 3.1% and book value of $6.34 per share. Overall, portfolio performance benefited primarily from our multi-family and residential credit assets, including sales of distressed residential mortgage loans producing $6.7 million of net realized gains for the quarter.

Net receivables were at $168.57 million as on Sep. 30, 2016, up 11,290 percent or $167.09 million from year-ago. 

Investments stood at $8,921.73 million as on Sep. 30, 2016, down 0.86 percent or $77.78 million from year-ago.

Total assets were almost stable over the past one year at $9,361.33 million on Sep. 30, 2016. On the other hand, total liabilities were at $8,498.25 million as on Sep. 30, 2016, up 0.56 percent or $47.08 million from year-ago.

Return on assets moved down 71 basis points to 0.25 percent in the quarter. At the same time, return on equity moved down 14 basis points to 2.32 percent in the quarter.