Ellington Credit Company Reports First Quarter 2024 Results [Yahoo! Finance]
Ellington Credit Company Common Shares of Beneficial Interest (EARN)
Last ellington credit company common shares of beneficial interest earnings: 5/2 05:27 pm
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US:NYSE Investor Relations:
ir.earnreit.com
Company Research
Source: Yahoo! Finance
REIT (NYSE: EARN) ("we", "us," or "our"), today reported financial results for the quarter ended March 31, 2024. Highlights Net income (loss) of $4.0 million, or $0.20 per share. Adjusted Distributable Earnings of $5.3 million, or $0.27 per share. Book value of $7.21 per share as of March 31, 2024, which includes the effects of dividends of $0.24 per share for the quarter. Net interest margin of 2.46% on Agency, 9.65% on credit, and 3.03% overall. Weighted average constant prepayment rate ("CPR") for the fixed-rate Agency specified pool portfolio of 5.2 Net mortgage assets-to-equity ratio of 5.4:1 as of March 31, 2024. CLO portfolio grew to $45.1 million as of March 31, 2024. Capital allocation as of March 31, 2024: 75% mortgage-related securities, 25% corporate CLOs. Maintained $0.08 per common share regular monthly dividend. Dividend yield of 13.4% based on the May 13, 2024 closing stock price of $7.14, and monthly dividend of $0.08 per common share declared on M
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News
- Ellington Credit Declares Monthly Common DividendBusiness Wire
- Ellington Credit Company Reports First Quarter 2024 ResultsBusiness Wire
- Ellington Credit Declares Monthly Common Dividend [Yahoo! Finance]Yahoo! Finance
- Ellington Credit Declares Monthly Common DividendBusiness Wire
- Ellington Credit Company Announces Release Date of First Quarter 2024 Earnings, Conference Call, and Investor Presentation [Yahoo! Finance]Yahoo! Finance
EARN
Earnings
- 5/14/24 - Beat
EARN
Sec Filings
- 6/25/24 - Form 8-K
- 6/11/24 - Form 8-K
- 5/15/24 - Form 10-Q
- EARN's page on the SEC website