Ellington Residential Q2 2023 net income $1.2M ($0.09/share); adjusted distributable earnings $0.17/share

Ellington Credit Co

Net income $1.2M, EPS $0.09; Adjusted Distributable Earnings $2.4M ($0.17/share).
Book value $8.12/share as of June 30, 2023, after dividends of $0.24/share for the quarter.
Debt-to-equity ratio 7.5:1; net mortgage assets-to-equity 7.0:1; cash $43.7M.
Monthly dividend $0.08 declared on Aug 7, 2023; dividend yield 13.6% based on $7.07 close.
Agency RMBS portfolio turnover 19%; net interest margin 0.93%; CEO outlook positive on Agency MBS.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ellington Credit Co reported the quarter ended June 30, 2023 results: net income $1.2 million, or $0.09 per share, EPS $0.09 per share.

Period: the quarter ended June 30, 2023
Net income: $1.2 million, or $0.09 per share
EPS: $0.09 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 June 30, 2023. Highlights • Net income (loss) of $1.2 million, or $0.09 per share.

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Ellington Credit Co filing history →

Source: SEC EDGAR

accession 0001560672-23-000057

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