Ellington Residential Mortgage REIT (EARN) Misses Q2 EPS by 5c
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Ellington Residential Mortgage REIT Reports Second Quarter 2023 Results
August 10, 2023 4:30 PM EDTOLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended June 30, 2023.
Highlights
Net income (loss) of $1.2 million, or $0.09 per share. Adjusted Distributable Earnings1 of $2.4 million, or $0.17 per share. Book value of $8.12 per share as of June 30, 2023, which includes the effects of dividends of $0.24 per share for the quarter. Net interest margin2 of 0.93%. Weighted average constant prepayment rate ("CPR") for the fixed-rate Agency specified pool portfolio of 7.43. Dividend yield of 13.6%... More