Orchid Island Capital Q3 estimated net loss $1.68 per share; book value $8.92; declares $0.12 dividend

Orchid Island Capital, Inc.

Estimated GAAP net loss of $1.68 per share for Q3 2023, including $1.40 in net realized/unrealized losses on RMBS and derivatives.
Estimated book value per share as of Sept 30, 2023: $8.92, down from $11.16 at June 30, 2023 (implied drop).
Estimated total return on equity of (15.8)% for the quarter.
October monthly dividend of $0.12 per share, payable Nov 28 to holders of record Oct 31, ex-div Oct 30.
Shares outstanding increased to 52.3M (Sept 30) from 43.9M (June 30) — a 19% increase.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Orchid Island Capital, Inc. reported the quarter ended September 30, 2023 results: net income estimated GAAP net loss per share of $1.68, including an estimated $1.40 per share of net realized and unrealized losses.

Period: the quarter ended September 30, 2023
Net income: estimated GAAP net loss per share of $1.68, including an estimated $1.40 per share of net realized and unrealized losses
Result: preliminary results

Exact text from the filing

On October 11, 2023, Orchid Island Capital, Inc. (the “Company”) announced its estimated book value of $8.92 per share as of September 30, 2023, certain details of its RMBS portfolio as of September 30, 2023, and estimated GAAP net loss per share of $1.68, including an estimated $1.40 per share of net realized and unrealized losses on RMBS and derivative instruments, for the quarter ended September 30, 2023.

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Orchid Island Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-028065

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