Ellington Residential Mortgage REIT (EARN) Tops Q3 EPS by 10c
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Ellington Residential Mortgage REIT Reports Third Quarter 2020 Results
November 5, 2020 7:00 AM ESTOLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended September 30, 2020.
Highlights
Net income of $8.1 million, or $0.66 per share; year-to-date net income of $12.7 million, or $1.03 per share. Core Earnings1 of $4.8 million, or $0.39 per share. Book value of $13.17 per share as of September 30, 2020, which includes the effect of a third quarter dividend of $0.28 per share. Economic return of 5.1% for the quarter, and year-to-date economic return of 8.5%. Net interest margin2 of 2.21%. Weighted average... More