Ellington Residential Mortgage REIT (EARN) Tops Q2 EPS by 4c
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Ellington Residential Mortgage REIT Reports Second Quarter 2018 Results
August 2, 2018 5:22 PM EDTOLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Residential Mortgage REIT (NYSE: EARN) today reported financial results for the quarter ended June 30, 2018.
Highlights
Net income of $1.8 million, or $0.14 per share. Core Earnings1 of $5.1 million, or $0.40 per share, and Adjusted Core Earnings1 of $4.6 million, or $0.36 per share. Book value of $13.70 per share as of June 30, 2018, after giving effect to a second quarter dividend of $0.37 per share. Net interest margin of 1.28%, and adjusted net interest margin2 of 1.17%. Weighted average constant prepayment... More