Orchid Island Capital Announces First Quarter 2024 Results
Orchid Island Capital, Inc. (ORC)
Last orchid island capital, inc. earnings: 10/24 04:05 pm
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US:NYSE Investor Relations:
orchidislandcapital.com/investor-relations
Company Research
Source: Business Wire
VERO BEACH, Fla.--(BUSINESS WIRE)--Orchid Island Capital, Inc. (NYSE:ORC) ("Orchid” or the "Company"), a real estate investment trust ("REIT"), today announced results of operations for the three month period ended March 31, 2024.First Quarter 2024 ResultsNet income of $19.8 million, or $0.38 per common share, which consists of:Net interest expense of $2.5 million, or $0.05 per common shareTotal expenses of $3.7 million, or $0.07 per common shareNet realized and unrealized gains of $26.0 million, or $0.50 per common share, on RMBS and derivative instruments, including net interest income on interest rate swapsFirst quarter dividends declared and paid of $0.36 per common shareBook value per common share of $9.12 at March 31, 2024Total return of 4.18%, comprised of $0.36 dividend per common share and $0.02 increase in book value per common share, divided by beginning book value per common shareOther Financial HighlightsOrchid maintained a strong liquidity position of $215.7 million
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ORC
News
- Bimini Capital Management Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Orchid Island Capital, Inc. (NYSE:ORC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Orchid Island Capital: Decent Results But Long-Term Issues Remain [Seeking Alpha]Seeking Alpha
- Orchid Island Capital Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Orchid Island Capital, Inc. (NYSE: ORC) had its "market perform" rating re-affirmed by analysts at JMP Securities.MarketBeat
ORC
Earnings
- 4/25/24 - Beat
ORC
Sec Filings
- 5/1/24 - Form 4
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- ORC's page on the SEC website