Ellington Residential Mortgage REIT

Ellington Residential Mortgage REIT is a real estate investment trust, which engages in the acquisition, investment, and management of residential mortgage and real estate-related assets. Its portfolio include non-agency and agency residential mortgage-backed securities and acquires other target assets, such as residential whole mortgage loans, commercial mortgage-backed securities, mortgage-related derivatives, and other asset-backed securities. The company was founded in August 2012 and is headquartered in Old Greenwich, CT.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Ellington Residential Mortgage REIT reports strong Q4 performance and navigates interest rate risks effectively

EARN navigated Q4 2022 well with improved performance, effective risk management, and a focus on balancing financing costs and prepayment risks. Challenges include potential performance impact from higher coupon rates and the need to manage dividend coverage amidst market volatility.

Ellington Residential Mortgage REIT (EARN) reports resilient earnings amid market challenges

Ellington Residential Mortgage REIT (EARN) navigated a challenging market environment in Q1 2023, reporting positive earnings despite volatility. The company's strategic focus on portfolio construction and risk management contributed to its outperformance. EARN remains optimistic about future opportunities in Agency MBS and non-agency investments.

Ellington Residential Mortgage REIT reports solid Q2 performance and eyes growth opportunities amidst market challenges

Ellington Residential Mortgage REIT delivered solid financial performance in Q2 2023, supported by a focus on discount specified pools and dynamic hedging strategies.
Stable access to financing, strategic portfolio adjustments, and optimism about Agency MBS outlook position the REIT for future growth and value creation.
Challenges related to market volatility and interest rate fluctuations require proactive risk management and adaptation to changing market conditions.
Opportunities in non-Agency portfolios, improving housing affordability, and potential catalysts for mortgage leverage increase offer avenues for portfolio diversification and growth.

Ellington Residential Mortgage REIT reports Q3 challenges and growth opportunities

Ellington Residential Mortgage REIT (EARN) navigated challenges in Q3 2023 with resilience, reporting an increase in adjusted distributable earnings despite a net loss per share.
Maintaining a strong liquidity position and diversifying investments into corporate CLOs, EARN aims to capitalize on growth opportunities amidst market uncertainties.
While facing headwinds from market conditions, EARN's strategic moves and financial stability position it well to leverage emerging opportunities and manage risks effectively.

Ellington Residential Mortgage REIT (EARN) reports robust Q4 performance

Ellington Residential Mortgage REIT (EARN) demonstrated resilience and strong financial performance in Q4 2023 amidst market challenges, with strategic portfolio management and solid earnings.
While facing market volatility and interest rate fluctuations, EARN's prudent risk management, optimistic outlook, and growth opportunities position the company for continued success and value creation.
By navigating challenges, leveraging strengths, and seizing opportunities, EARN remains well-positioned to drive growth, optimize returns, and deliver value to its stakeholders.

Ellington REIT excels in CLO focus, anticipates smooth transition

Ellington Residential Mortgage REIT's strategic shift to focus on corporate CLOs has yielded positive results, with strong income generation and a growing CLO portfolio.
While challenges and uncertainties exist in the transition process, the company's prudent management of expenses and portfolio diversification are key strengths.
Opportunities for growth and enhanced returns through CLO investments and the new fund structure position Ellington Credit Company for future success.
Investors should monitor the progress of the transition and the impact on overall performance, considering the potential risks and rewards of the evolving investment strategy.

Ellington Residential Mortgage REIT shifts focus to CLO strategy

Ellington Residential Mortgage REIT showcased a strategic shift towards a CLO-focused closed-end fund, reporting a net loss of $0.04 per share in Q2 2024.
The company's emphasis on the outperformance of the CLO strategy, successful portfolio growth, and positive investor feedback highlights a promising trajectory.
Challenges include managing performance dispersion in CLO investments and interest rate volatility, with opportunities lying in portfolio optimization and potential dividend increases.
Overall, Ellington Residential Mortgage REIT's earnings call reflects a strategic transformation with strengths in CLO focus and investor confidence, amidst challenges and growth opportunities.

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Ellington Credit Co. is a real estate investment trust, which engages in the acquisition, investment, and management of residential mortgage and real estate-related assets. Its portfolio includes non-agency and agency residential mortgage-backed securities and acquires other target assets, such as residential whole mortgage loans, commercial mortgage-backed securities, mortgage-related derivatives, and other asset-backed securities. The company was founded on August 2, 2012 and is headquartered in Old Greenwich, CT.

Ellington Residential (EARN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Ellington Residential (EARN) to Report a Decline in Earnings: What to Look Out for

As Ellington Residential Mortgage REIT is an mREIT, the action the Federal Reserve has taken the last few months has weighed heavily. The book value got crushed as holdings in the port were decimated.

Ellington Residential Mortgage REIT: Horrific Market But Dividend Looks Good

Ellington Residential Mortgage REIT (NYSE:EARN ) Q2 2022 Earnings Conference Call August 11, 2022 11:00 AM ET Company Participants Jason Frank - Deputy General Counsel and Secretary Larry Penn - Chief Executive Officer Chris Smernoff - Chief Financial Officer Mark Tecotzky - Co-Chief Investment Officer Conference Call Participants Crispin Love - Piper Sandler Doug Harter - Credit Suisse Mikhail Goberman - JMP Securities Eric Hagen - BTIG Operator Good morning, ladies and gentlemen. Thank you for standing by.

Ellington Residential Mortgage REIT's (EARN) CEO Larry Penn on Q2 2022 Results - Earnings Call Transcript

Ellington Residential (EARN) delivered earnings and revenue surprises of -6.67% and 23.74%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Ellington Residential (EARN) Q2 Earnings Lag Estimates

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT Reports Second Quarter 2022 Results

Ellington Residential Mortgage REIT Reports Second Quarter 2022 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT Announces Release Date of Second Quarter 2022 Earnings, Conference Call, and Investor Presentation

Ellington Residential Mortgage REIT Announces Release Date of Second Quarter 2022 Earnings, Conference Call, and Investor Presentation

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Ellington Residential reported a 14% decline in book value in 1Q-22. The mortgage REIT cut its dividend down to $0.08 per share, a decline of 20%.

Ellington Residential: 11.6% Yield, Trading At 0.81x Book Value

Ellington Residential Mortgage REIT (NYSE:EARN ) Q1 2022 Earnings Conference Call May 3, 2022 11:00 AM ET Company Participants Jason Frank - Deputy General Counsel & Secretary Larry Penn - President & CEO Mark Tecotzky - Co-Chief Investment Officer Chris Smernoff - CFO Conference Call Participants Crispin Love - Piper Sandler Doug Harter - Credit Suisse Eric Hagen - BTIG Mikhail Goberman - JMP Securities Operator Good morning, ladies and gentlemen. Thank you for standing by.

Ellington Residential Mortgage REIT's (EARN) CEO Larry Penn on Q1 2022 Results - Earnings Call Transcript

Ellington Residential (EARN) delivered earnings and revenue surprises of 0% and 6.20%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Ellington Residential (EARN) Matches Q1 Earnings Estimates

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT Reports First Quarter 2022 Results

Ellington Residential Mortgage REIT Reports First Quarter 2022 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT Announces Release Date of First Quarter 2022 Earnings, Conference Call, and Investor Presentation

Ellington Residential Mortgage REIT Announces Release Date of First Quarter 2022 Earnings, Conference Call, and Investor Presentation

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Ellington Residential Mortgage's REIT (EARN) CEO Larry Penn on Q4 2021 Results - Earnings Call Transcript

Ellington Residential (EARN) delivered earnings and revenue surprises of -12.50% and 6.31%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Ellington Residential (EARN) Lags Q4 Earnings and Revenue Estimates

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT Reports Fourth Quarter 2021 Results

Ellington Residential Mortgage REIT Reports Fourth Quarter 2021 Results

Earnings Preview: Ellington Residential (EARN) Q4 Earnings Expected to Decline

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT Announces Release Date of Fourth Quarter 2021 Earnings, Conference Call, and Investor Presentation

Ellington Residential Mortgage REIT Announces Release Date of Fourth Quarter 2021 Earnings, Conference Call, and Investor Presentation

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT Announces the Income Tax Treatment of its 2021 Distributions

Ellington Residential Mortgage REIT Announces the Income Tax Treatment of its 2021 Distributions

EARN is yielding 13.56% and pays a monthly dividend since October but the dividend is not safe enough just yet.

Ellington Residential: 12% Below NAV But No Dividend Consistency Yet

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OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Declares Monthly Dividend

Ellington Residential Declares Monthly Dividend

News for Ellington Residential Mortgage REIT Stock (EARN)