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.

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Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

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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.

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The GEO Group showed top-broker estimated net gains of 103.33%, while Orchid Island Capital had the top (14.3%) yield out of 350 U.S. REITs per YCharts data 2/8/21. Top 10 net gainers TWO, PMT, EARN, GOOD, AFIN, NRZ, RC, CMO, CHMI, and GNL ranged 13.6%-30.1% 2/8/21. Top 36 US REITs (priced over $5) by yield represented 8 of 9 REIT industries.

67 U.S. Real Estate Investment Trusts Yield Over 7% In February

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT Announces Release Date of Fourth Quarter 2020 Earnings, Conference Call, and Investor Presentation

Ellington Residential Mortgage REIT Announces Release Date of Fourth Quarter 2020 Earnings, Conference Call, and Investor Presentation

The stock has rebounded to pre-COVID levels. Book value continues to improve but the discount in shares is less than we would like to see for a buy.

Ellington Residential: Back In Business

Ellington Residential Mortgage REIT's (EARN) CEO Larry Penn on Q3 2020 Results - Earnings Call Transcript

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended September 30, 2020 before market open on Thursday, November 5, 2020. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Thursday, November 5, 2020. To participate in the event by telephone, please dial (877) 437-3698 at least 10 minutes prior to the start time and r

Ellington Residential Mortgage REIT Announces Release Date of Third Quarter 2020 Earnings, Conference Call, and Investor Presentation

Ellington Residential Mortgage REIT (EARN) CEO Laurence Penn on Q2 2020 Results - Earnings Call Transcript

Ellington Residential Mortgage REIT (EARN) CEO Laurence Penn on Q1 2020 Results - Earnings Call Transcript

Ellington Residential Mortgage REIT (EARN) CEO Laurence Penn on Q4 2019 Results - Earnings Call Transcript

Ellington Residential Mortgage REIT (EARN) CEO Larry Penn on Q3 2019 Results - Earnings Call Transcript

Ellington Residential Mortgage REIT (EARN) CEO Larry Penn on Q2 2019 Results - Earnings Call Transcript

Ellington Residential Mortgage REIT (EARN) CEO Laurence Penn on Q1 2019 Results - Earnings Call Transcript

Although recovery in the agency MBS market is expected to aid Ellington Residential (EARN) in the first quarter, unfavorable spread differential will likely increase cost of funds.

What's in Store for Ellington Residential's (EARN) Q1 Earnings?

News for Ellington Residential Mortgage REIT Stock (EARN)