Ellington Residential Q3 net loss of $13.7M ($1.04/sh); adjusted distributable earnings $0.23/sh

Ellington Credit Co

Net loss of $13.7M ($1.04 per share); adjusted distributable earnings of $3.0M ($0.23 per share).
Book value per share fell to $7.78 as of Sept 30, 2022, including $0.24 in dividends.
Debt-to-equity ratio rose to 9.1:1; net mortgage assets-to-equity ratio 7.5:1.
Net interest margin (excl. catch-up adjustment) was 1.28%; weighted average CPR on fixed-rate Agency pools 9.8%.
Monthly dividend of $0.08/sh declared on Nov 7; dividend yield 13.9% based on $6.89 close.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ellington Credit Co reported quarter ended September 30, 2022 results: net income Net loss of $(13.7) million, or $(1.04) per share., EPS $(1.04) per share.

Period: quarter ended September 30, 2022
Net income: Net loss of $(13.7) million, or $(1.04) per share.
EPS: $(1.04) per share
Result: reported results

Exact text from the filing

Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended September 30, 2022. Highlights • Net loss of $(13.7) million, or $(1.04) per share.

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Ellington Credit Co filing history →

Source: SEC EDGAR

accession 0001560672-22-000054

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