earnings
confidence high
sentiment negative
materiality 0.70
Orchid Island Capital reports Q2 net loss of $5.0M, book value $8.58
Orchid Island Capital, Inc.
- Net loss of $5.0M ($0.09 per share) vs net income of $10.2M in Q2 2023.
- Book value per share fell $0.54 to $8.58; dividends declared $0.36 per share.
- Raised ~$100.7M via ATM equity at slight discount to book; portfolio grew 16.6%.
- Adjusted leverage 7.8x; liquidity $265.3M, or 48% of equity.
- Prepayment rate increased to 7.6% CPR from 6.0% in prior quarter.