Ellington Credit Company Reports Second Quarter 2024 Results
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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ir.earnreit.com
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Source: Business Wire
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company, formerly known as Ellington Residential Mortgage REIT (NYSE: EARN) ("we", "us," or "our"), today reported financial results for the quarter ended June 30, 2024.HighlightsNet income (loss) of $(0.8) million, or $(0.04) per share.Adjusted Distributable Earnings1 of $7.3 million, or $0.36 per share.Book value of $6.91 per share as of June 30, 2024, which includes the effects of dividends of $0.24 per share for the quarter.Net interest margin2 of 13.41% on credit, 2.85% on Agency, and 4.24% overall.CLO portfolio increased to $85.1 million as of June 30, 2024, as compared to $45.1 million as of March 31, 2024.Capital allocation3 to corporate CLOs was 45% as of June 30, 2024 as compared to 25% as of March 31, 2024.Weighted average constant prepayment rate ("CPR") for the fixed-rate Agency specified pool portfolio of 6.74.Net mortgage assets-to-equity ratio of 4.0:15 as of June 30, 2024.Dividend yield of 14.1% based on the
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News
- Ellington Credit Postpones its Annual Meeting of Shareholders [Yahoo! Finance]Yahoo! Finance
- Ellington Credit Postpones its Annual Meeting of ShareholdersBusiness Wire
- Ellington Credit Declares Monthly Common DividendBusiness Wire
- Ellington Credit Company Reports Second Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Ellington Credit Declares Monthly Common DividendBusiness Wire
EARN
Earnings
- 8/12/24 - Beat
EARN
Sec Filings
- 9/23/24 - Form DEFA14A
- 9/17/24 - Form DEFA14A
- 9/13/24 - Form 4
- EARN's page on the SEC website