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NYMTP - New York Mortgage Trust: Healthy Margin Of Safety With This 8.3% Yielding Preferred
New York Mortgage Trust Inc. 7.75% Series B Cumulative Redeemable Preferred Stock
This article was co-produced by Rubicon Associates.
You may recall that we wrote an article earlier this year titled, "Accessing The Power Of Stress-Free, REIT Preferred Stocks." We explained that "REIT preferred stocks can be very useful for the construction of an investment portfolio - diversifying both its general and cash flow characteristics."
We added that investors should "understand what preferred equity really is" and we added this "working definition" below:
Preferred equity is essentially the shareholders' equity on a company's balance sheet. Junior in seniority to debt, it's still senior to common