Ellington Residential Mortgage REIT (EARN) Tops Q2 EPS by 5c
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Ellington Residential Mortgage REIT Reports Second Quarter 2021 Results
August 2, 2021 4:10 PM EDTOLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended June 30, 2021.
Highlights
Net loss of $(4.5) million, or $(0.36) per share. Core Earnings1 of $4.6 million, or $0.37 per share; raised quarterly dividend to $0.30 per share, a 7% increase from the prior level. Book value of $12.53 per share as of June 30, 2021, which includes the effect of a second quarter dividend of $0.30 per share. Net interest margin2 of 2.04%. Weighted average constant prepayment rate ("CPR") for the fixed-rate... More