- Core earnings of $7M or $0.77 per share vs. $6.8M or $0.74 in Q4. Dividend of $0.55.
- March 31 book value of $18.05 per share slips from $18.29 on December 31 after payment of dividend. Much of the sizable discount to book has been narrowed as yesterday's close was $17.11.
- Net interest margin of 2.34% up 17 bps; CPR of 2.2% in unchanged; leverage of 7.8:1 about unchanged.
- "The Company remains generally positive in its outlook for non-Agency RMBS, both on fundamental and technical grounds."
- No share repurchases during quarter
- CC at 11 ET
- Source: Press Release
- Previously: Ellington Residential Mortgage REIT EPS of $0.77
- NYSE:EARN no trades premarket
Sale ending on Ellington Residential
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