Ellington Residential Mortgage REIT Reports Fourth Quarter 2023 Results

March 7, 2024 in STOP FORECLOSURE FRAUD

OLD GREENWICH, Conn., March 06, 2024--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) ("we", "us," or "our") today reported financial results for the quarter ended December 31, 2023. Highlights Net income (loss) of $12.4 million, or $0.75 per share. Adjusted Distributable Earnings1 of $4.6 million, or $0.27 per share. Book value of $7.32 per share as of December 31, 2023, which includes the effects of dividends of $0.24 per share for the quarter. Net interest margin2 of 2.02% on Agency, 6.28% on credit, and 2.19% overall. Weighted average constant prepayment rate ("CPR") for the fixed-rate Agency specified pool portfolio of 6.83. To continue reading the rest of the article, please click on the source link below: https://finance.yahoo.com/news/ellington-residential-mortgage-reit-reports-213500472.html