Sutherland Asset Management posts 3Q profit

NEW YORK (AP) _ Sutherland Asset Management Corp. (SLD) on Wednesday reported third-quarter net income of $11.8 million.

On a per-share basis, the New York-based company said it had profit of 37 cents.

The real estate investment trust posted revenue of $36.9 million in the period. Its adjusted revenue was $17 million.

Sutherland Asset Management shares have climbed 12 percent since the beginning of the year. The stock has increased 19 percent in the last 12 months.

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