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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.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SLD at https://www.zacks.com/ap/SLD