Ellington Residential Mortgage REIT (EARN) Misses Q1 EPS by 4c
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Ellington Residential Mortgage REIT Reports First Quarter 2019 Results
May 2, 2019 5:27 PM EDTOLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended March31, 2019.
Highlights
Net income of $8.9 million, or $0.72 per share. Core Earnings1 of $2.4 million, or $0.19 per share, and Adjusted Core Earnings1 of $3.3 million, or $0.27 per share. Book value of $12.69 per share as of March31, 2019, which includes the effect of a first quarter dividend of $0.34 per share. Net interest margin of 0.83%, and adjusted net interest margin2 of 1.08%.... More