Ellington Residential Mortgage REIT (EARN) Misses Q3 EPS by 2c

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Ellington Residential Mortgage REIT Reports Third Quarter 2021 Results

November 2, 2021 4:15 PM EDT

OLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended September 30, 2021.

Highlights

Net income of $0.9 million, or $0.07 per share. Core Earnings1 of $4.0 million, or $0.31 per share. Book value of $12.28 per share as of September 30, 2021, which includes the effect of a third quarter dividend of $0.30 per share. Net interest margin2 of 1.88%. Weighted average constant prepayment rate ("CPR") for the fixed-rate Agency specified pool portfolio of 21.9%3. Switched to a monthly dividend schedule... More