Ellington Residential Mortgage REIT (EARN) Misses Q4 EPS by 3c

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Ellington Residential Mortgage REIT Reports Fourth Quarter 2021 Results

March 7, 2022 4:15 PM EST

OLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended December 31, 2021.

Highlights

Net loss of $(2.8) million, or $(0.21) per share. Core Earnings1 of $3.7 million, or $0.28 per share. Book value of $11.76 per share as of December 31, 2021, which includes the effects of dividends of $0.30 per share for the quarter. Net interest margin2 of 1.81%. Weighted average constant prepayment rate ("CPR") for the fixed-rate Agency specified pool portfolio of 20.7%3. Dividend yield of 12.3% based on the March 4, 2022... More