EARN - Ellington Residential Mortgage REIT Non-GAAP EPS of $0.17 misses by $0.06 revenue of $2.7M
2023-08-10 16:39:55 ET
- Ellington Residential Mortgage REIT press release ( NYSE: EARN ): Q2 Non-GAAP EPS of $0.17 misses by $0.06 .
- Revenue of $2.7M.
- Net income (loss) of $1.2 million, or $0.09 per share.
- Book value of $8.12 per share as of June 30, 2023, which includes the effects of dividends of $0.24 per share for the quarter.
- Net interest margin 2 of 0.93%.
- Weighted average constant prepayment rate ("CPR") for the fixed-rate Agency specified pool portfolio of 7.4 3 .
- Dividend yield of 13.6% based on the August 9, 2023 closing stock price of $7.07, and monthly dividend of $0.08 per common share declared on August 7, 2023.
- Debt-to-equity ratio of 7.5:1 as of June 30, 2023; adjusted for unsettled purchases and sales, the debt-to-equity ratio as of June 30, 2023 was 7.6:1.
- Net mortgage assets-to-equity ratio of 7.0:1 4 as of June 30, 2023.
- Cash and cash equivalents of $43.7 million as of June 30, 2023, in addition to other unencumbered assets of $7.2 million.
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Ellington Residential Mortgage REIT Non-GAAP EPS of $0.17 misses by $0.06, revenue of $2.7M