Entering text into the input field will update the search result below

Ellington Residential Mortgage's (EARN) CEO Larry Penn on Q1 2018 Results - Earnings Call Transcript

SA Transcripts profile picture
SA Transcripts

Ellington Residential Mortgage REIT (NYSE:EARN) Q1 2018 Earnings Conference Call May 4, 2018 11:00 AM ET


Maria Cozine - VP, IR

Larry Penn - CEO

Chris Smernoff - CFO

Mark Tecotzky - Co-Chief Investment Officer


Steve Delaney - JMP Securities


Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the Ellington Residential Mortgage REIT 2018 First Quarter Financial Results Conference Call. Today's call is being recorded. At this time all participants have been placed on a listen-only mode and the floor will be opened for your questions following the presentation. [Operator Instructions] It is now my pleasure to turn the floor over to Maria Cozine, Vice President of Investor Relations. You may begin.

Maria Cozine

Thank you, Crystal, and good morning. Before we start, I would like to remind everyone that certain statements made during this conference call may constitute forward-looking statements within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature. As described under Item 1A of our Annual Report on Form 10-K filed on March 14, 2018, forward-looking statements are subject to a variety of risks and uncertainties that could cause the Company's actual results to differ from its beliefs, expectations, estimates and projections. Consequently, you should not rely on these forward-looking statements as predictions of future events. Statements made during this conference call are made as of the date of this call, and the Company undertakes no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

I have on the call with me today, Larry Penn, Chief Executive Officer of Ellington Residential; Mark Tecotzky, our Co-Chief Investment Officer; and Chris Smernoff, our Chief Financial Officer. As described in our earnings press release, our first quarter

Recommended For You

Comments (2)

It's my understanding that most investors look at "core earnings" when evaluating Mortgage REITS rather than GAAP net income.
gmrettig profile picture
Finance.yahoo - statistics- says EARN's dividend pay-out ratio is 168%, which data comes from Morningstar. Many mREITs have pay-out ratios over 100%. How is this possible? Does the ratio measure payouts over net interest income only, so hedge, dollar-roll & other non-interest income payout skew the ratio?
To report an error in this transcript, .Contact us to add your company to our coverage or use transcripts in your business. Learn more about Seeking Alpha transcripts here. Your feedback matters to us!
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.