Ellington Residential Mortgage REIT (EARN) Misses Q1 EPS by 6c
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Ellington Residential Mortgage REIT Reports First Quarter 2018 Results
May 3, 2018 4:20 PM EDTOLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Residential Mortgage REIT (NYSE: EARN) today reported financial results for the quarter ended March 31, 2018.
Highlights
Net loss of $(4.0) million, or $(0.30) per share. Core Earnings1 of $4.3 million, or $0.32 per share, and Adjusted Core Earnings1 of $4.4 million, or $0.34 per share. Book value of $13.90 per share as of March 31, 2018, after giving effect to a first quarter dividend of $0.37 per share. Net interest margin of 1.06%, and adjusted net interest margin2 of 1.09%. Weighted average constant prepayment... More