Ellington Residential Mortgage REIT (EARN) Misses Q1 EPS by 3c
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Ellington Residential Mortgage REIT Reports First Quarter 2023 Results
May 11, 2023 4:27 PM EDTOLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended March 31, 2023.
Highlights
Net income (loss) of $2.3 million, or $0.17 per share. Adjusted Distributable Earnings1 ("ADE") of $2.8 million, or $0.21 per share. Book value of $8.31 per share as of March 31, 2023, which includes the effects of dividends of $0.24 per share for the quarter. Net interest margin2 of 1.16%. Weighted average constant prepayment rate ("CPR") for the fixed-rate Agency specified pool portfolio of... More