Exantas Capital Corp. (XAN) Reports In-Line Q3 EPS

Exantas Capital Corp. (NYSE: XAN) reported Q3 EPS of $0.09, in-line with the analyst estimate of $0.09. Revenue for the quarter came in at $11.6 million versus the consensus estimate of $11.4 million.

"During the third quarter, our priorities focused on enhancing the Company's financial profile, stabilizing the existing loan portfolio, and positioning us to restart originating loans. Through our debt refinancings, we have significantly reduced our margin risk while improving our liquidity, which allowed us to resume payment of our preferred stock dividend," stated Exantas's Chief Executive Officer and President Mark Fogel. "Although the current environment remains challenging, with over $947 million available on our warehouse and secured facilities and our unsecured notes, we are well-positioned to restart loan originations and build on our positive momentum as we look to create long-term value for shareholders."

For earnings history and earnings-related data on Exantas Capital Corp. (XAN) click here.

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