earnings
confidence high
sentiment negative
materiality 0.70
Dynex Capital Q2: $0.31 economic loss per share, B/V $12.50, $124.7M equity raised
DYNEX CAPITAL INC
2024-Q2 EPS reported
$0.44
- Total economic loss of $(0.31) per common share (2.4% of beginning book value); comprehensive loss of $(0.18) per share.
- Book value per common share fell to $12.50 from $13.20 in Q1; dividends declared of $0.39 per share.
- Raised $124.7M equity via public offering and ATM; purchased $551.1M of higher coupon Agency RMBS.
- Net interest income improved to $1.3M from negative $(3.2M) in Q1; leverage 7.9x equity including TBAs.
- Liquidity $644M as of June 30; management ready to act on wide mortgage spreads.