Ellington Residential Mortgage REIT (EARN) Tops Q2 EPS by 1c
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Ellington Residential Mortgage REIT Reports Second Quarter 2020 Results
August 4, 2020 5:32 PM EDTOLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended June 30, 2020.
Highlights
Net income of $21.3 million, or $1.73 per share; year-to-date net income of $4.6 million, or $0.37 per share. Core Earnings1 of $3.2 million, or $0.26 per share. Book value of $12.80 per share as of June 30, 2020, which includes the effect of a second quarter dividend of $0.28 per share. Economic return of 15.3% for the quarter, and year-to-date economic return of 3.5%. Net interest margin2 of 1.86%. Weighted average... More