Ellington Residential Mortgage REIT (EARN) Reports Q1 Loss of $1.33/sh
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Ellington Residential Mortgage REIT Reports First Quarter 2022 Results
May 2, 2022 4:20 PM EDTOLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended March 31, 2022.
Highlights
Net loss of $(17.5) million, or $(1.33) per share. Core Earnings1 of $3.9 million, or $0.30 per share. Book value of $10.14 per share as of March 31, 2022, which includes the effects of dividends of $0.30 per share for the quarter. Net interest margin2 of 1.76%. Weighted average constant prepayment rate ("CPR") for the... More