Ellington Residential Mortgage REIT (EARN) Reports Q3 EPS of $0.19

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Ellington Residential Mortgage REIT Reports Third Quarter 2019 Results

November 4, 2019 4:10 PM EST

OLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended September 30, 2019.

Highlights

Net income of $3.7 million, or $0.30 per share. Core Earnings1 of $0.9 million, or $0.07 per share, and Adjusted Core Earnings1 of $2.4 million, or $0.19 per share. Book value of $12.42 per share as of September 30, 2019, which includes the effect of a third quarter dividend of $0.28 per share. Net interest margin of 0.38%, and adjusted net interest margin2 of 0.81%. Weighted average constant prepayment rate ("CPR")... More