Ellington Residential Mortgage REIT (EARN) Misses Q1 EPS by 2c, Revenues Beat
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Ellington Residential Mortgage REIT Reports First Quarter 2021 Results
May 3, 2021 4:10 PM EDTOLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended March 31, 2021.
Highlights
Net income of $0.1 million, or $0.01 per share. Core Earnings1 of $3.8 million, or $0.31 per share. Book value of $13.22 per share as of March 31, 2021, which includes the effect of a first quarter dividend of $0.28 per share. Economic return of 0.1% for the quarter. Net interest margin2 of 1.96%. Weighted average constant prepayment rate ("CPR") for the fixed-rate Agency specified pool portfolio of... More