Orchid Island Capital (ORC) Tops Q1 EPS by 3c

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Go back to Orchid Island Capital (ORC) Tops Q1 EPS by 3c

Orchid Island Capital Announces First Quarter 2021 Results

April 29, 2021 4:10 PM EDT

VERO BEACH, Fla.--(BUSINESS WIRE)-- Orchid Island Capital, Inc. (NYSE: ORC) ("Orchid or the "Company"), a real estate investment trust ("REIT"), today announced results of operations for the three month period ended March 31, 2021.

First Quarter 2021 Highlights

Net loss of $29.4 million, or $0.34 per common share, which consists of: Net interest income of $24.9 million, or $0.29 per common share Total expenses of $3.5 million, or $0.04 per common share Net realized and unrealized losses of $50.8 million, or $0.60 per common share, on RMBS and derivative... More