Ellington Residential Mortgage REIT Reports Third Quarter 2019 Results
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Ellington Residential Mortgage REIT (EARN) Reports Q3 EPS of $0.19
November 4, 2019 5:19 PM ESTEllington Residential Mortgage REIT (NYSE: EARN) reported Q3 EPS of $0.19, versus $0.23 reported last year.
Highlights
Net income of $3.7 million, or $0.30 per share.
Core Earnings1 of $0.9 million, or $0.07 per share, and Adjusted Core Earnings1 of $2.4 million, or $0.19 per share.
Book value of $12.42 per share as of September 30, 2019, which includes the effect of a third quarter dividend of $0.28 per share.
Net interest margin of 0.38%, and adjusted net interest margin2 of 0.81%.
Weighted average constant prepayment rate (\"CPR\") for the fixed-rate Agency specified pool portfolio of 14.5%.
Dividend yield of 10.3%... More
