Ellington Residential Mortgage REIT (EARN) Tops Q1 EPS by 1c
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Ellington Credit Company Reports Results for Three-Month Period Ended March 31, 2025
May 20, 2025 4:39 PM EDTOLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Credit Company (NYSE: EARN) ("we") today reported financial results for the three-month period ended March 31, 2025.
Highlights
Net income (loss) of $(7.9) million, or $(0.23) per share. Adjusted Distributable Earnings1 of $9.0 million, or $0.26 per share. Book value of $6.08 per share as of March 31, 2025, which includes the effects of dividends of $0.24 per share for the three-month period. Net interest margin2 of 11.13% on credit, 2.29% on Agency, and 5.27% overall. CLO portfolio increased to $249.9 million as of March 31, 2025, compared to $171.1 million as of December 31,... More