Orchid Island Capital (ORC) Misses Q1 EPS
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Orchid Island Capital Announces First Quarter 2022 Results
April 28, 2022 4:10 PM EDTVERO 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, 2022.
First Quarter 2022 Highlights
Net loss of $148.7 million, or $0.84 per common share, which consists of: Net interest income of $39.2 million, or $0.22 per common share Total expenses of $4.7 million, or $0.03 per common share Net realized and unrealized losses of $183.2 million, or $1.04 per common share, on RMBS and derivative instruments,... More