Ellington Financial Q2 net income $2.9M ($0.04/sh); announces two REIT acquisitions

Ellington Financial Inc.

2023-Q2 EPS reported $0.62

Net income attributable to common stockholders of $2.9M, or $0.04 per share, down from $38.9M in Q1.
Adjusted Distributable Earnings of $25.7M, or $0.38 per share.
Book value per common share $14.70 as of June 30, 2023; monthly dividend $0.15/sh declared.
Signed definitive agreements to acquire Arlington Asset Investment Corp. and Great Ajax Corp.; pro forma equity >$1.7B.
Recourse debt-to-equity ratio 2.1:1; overall debt-to-equity 9.2:1.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ellington Financial Inc. reported the quarter ended June 30, 2023 results: net income $2.9 million, or $0.04 per common share.

Period: the quarter ended June 30, 2023
Net income: $2.9 million, or $0.04 per common share
Result: reported results

Exact text from the filing

Ellington Financial Inc. Reports Second Quarter 2023 Results

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Ellington Financial Inc. filing history →

Source: SEC EDGAR

accession 0001411342-23-000144

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