More on Dynex Capital results

|About: Dynex Capital Inc. (DX)|By:, SA News Editor

Q2 core NOI of $14.1M or $0.26 per share vs. $13.7M or $0.25 in Q1. The dividend is $0.25.

Book value per share of $9.12 vs. $8.87 at end of Q1. Last night's close of $8.44 is a 7.5% discount to book.

Adjusted net interest spread of 1.92% up 4 basis points from Q1.

CPR of 11.1% up 80 bps.

End-of-period leverage falls to 5.7x from 5.9x (it was 6.8x a year ago).

RMBS holdings continue to be trimmed a bit, while CMBS holdings are added to.

Conference call at 11 ET

Previously: Dynex Capital beats by $0.01

DX flat premarket