earnings
confidence high
sentiment negative
materiality 0.75
Dynex Capital Q4 comprehensive loss $0.04/shr; full year income $0.53/shr; BV $17.99
DYNEX CAPITAL INC
2021-FY EPS reported
$2.78
- Q4 comprehensive loss of $(0.04) per share vs Q3 income of $0.09; full year comprehensive income $0.53 per share.
- Earnings available for distribution (EAD) $0.45/shr in Q4, $1.97/shr for 2021; dividend declared $0.39/shr.
- Book value per share $17.99 at Dec 31, 2021, down $0.43 from Sept 30; estimated unchanged as of Jan 31, 2022.
- Raised $236.8M net equity in 2021 via ATM and offerings; leverage 5.8x equity, down from 6.3x year-end 2020.
- Net interest spread widened to 2.00% for 2021 from 1.77% in 2020; purchased $486.8M Agency RMBS pools vs TBAs.