Ellington Residential Mortgage REIT Reports Fourth Quarter 2023 Results [Yahoo! Finance]
Ellington Credit Company Common Shares of Beneficial Interest (EARN)
Last ellington credit company common shares of beneficial interest earnings: 5/2 05:27 pm
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ir.earnreit.com
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Source: Yahoo! Finance
Highlights Net income (loss) of $12.4 million, or $0.75 per share. Adjusted Distributable Earnings of $4.6 million, or $0.27 per share. Book value of $7.32 per share as of December 31, 2023, which includes the effects of dividends of $0.24 per share for the quarter. Net interest margin of 2.02% on Agency, 6.28% on credit, and 2.19% overall. Weighted average constant prepayment rate ("CPR") for the fixed-rate Agency specified pool portfolio of 6.8 Net mortgage assets-to-equity ratio of 6.5:1 as of December 31, 2023. CLO portfolio grew to $17.4 million as of December 31, 2023. Capital allocation as of December 31, 2023: 89% mortgage-related securities, 11% corporate CLOs. Dividend yield of 16.0% based on the March 5, 2024 closing stock price of $5.99, and monthly dividend of $0.08 per common share declared on February 7, 2024. Debt-to-equity ratio of 5.4:1 as of December 31, 2023; adjusted for unsettled purchases and sales, the debt-to-equity ratio as of December 31
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News
- Ellington Credit Adopts Tax Asset Preservation Plan Designed to Protect Shareholder Value by Preserving the Availability of Its Net Operating Losses While Operating as a C-Corp [Yahoo! Finance]Yahoo! Finance
- Ellington Credit Adopts Tax Asset Preservation Plan Designed to Protect Shareholder Value by Preserving the Availability of Its Net Operating Losses While Operating as a C-CorpBusiness Wire
- Ellington Residential Rebrands as Ellington Credit Company [Yahoo! Finance]Yahoo! Finance
- Ellington Residential Rebrands as Ellington Credit CompanyBusiness Wire
- Ellington Residential Mortgage REIT (NYSE: EARN) had its "market perform" rating re-affirmed by analysts at JMP Securities.MarketBeat
EARN
Earnings
- 3/6/24 - Beat
EARN
Sec Filings
- 4/23/24 - Form 8-K
- 4/19/24 - Form 8-K
- 4/12/24 - Form 10-K/A
- EARN's page on the SEC website