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Complete financial analysis of Ellington Residential Mortgage REIT (EARN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Ellington Residential Mortgage REIT, a leading company in the REIT – Mortgage industry within the Real Estate sector.
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Ellington Residential Mortgage REIT (EARN)
About Ellington Residential Mortgage REIT
Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets. It acquires and manages residential mortgage-backed securities (RMBS), including agency pools and agency collateralized mortgage obligations (CMOs); and non-agency RMBS comprising non-agency CMOs, such as investment grade and non-investment grade. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Ellington Residential Mortgage REIT was incorporated in 2012 and is based in Old Greenwich, Connecticut.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | -65.00K | 20.19M | -557.00K | 25.94M | 27.54M | -5.79M | 16.49M | 16.92M | 5.18M | 21.92M | 2.41M | 956.00K |
| Cost of Revenue | 0.00 | 1.44M | 1.31M | 1.30M | 1.31M | 1.24M | 1.21M | 1.61M | 1.80M | 2.48M | 0.00 | 0.00 |
| Gross Profit | -65.00K | 18.75M | -1.87M | 24.64M | 26.24M | -7.03M | 15.28M | 15.30M | 3.37M | 19.44M | 2.41M | 956.00K |
| Gross Profit Ratio | 100.00% | 92.89% | 335.91% | 95.00% | 95.26% | 121.48% | 92.67% | 90.46% | 65.16% | 88.68% | 100.00% | 100.00% |
| Research & Development | 0.00 | -2.93 | -0.21 | 0.77 | 3.11 | -0.22 | 0.29 | 0.40 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 3.32M | 2.87M | 3.50M | 3.29M | 3.17M | 3.43M | 3.76M | 2.73M | 2.93M | 2.29M | 2.07M | 3.27M |
| Selling & Marketing | 735.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 4.05M | 2.87M | 3.50M | 3.29M | 3.17M | 3.43M | 3.76M | 2.73M | 2.93M | 2.29M | 2.07M | 3.27M |
| Other Expenses | 0.00 | -23.94M | -9.25M | -9.11M | -8.46M | -32.52M | -19.05M | -9.27M | -18.33M | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 4.05M | 824.00K | -5.75M | -5.83M | -5.29M | 3.43M | 3.76M | 2.73M | 2.93M | 2.29M | 2.07M | 3.10M |
| Cost & Expenses | 4.05M | 2.26M | -5.75M | -5.83M | -5.29M | 3.43M | 1.95M | 2.28M | 2.79M | 3.47M | 2.07M | 3.10M |
| Interest Income | 42.55M | 35.01M | 28.36M | 27.32M | 43.85M | 54.55M | 49.19M | 33.50M | 40.75M | 46.82M | 27.87M | 0.00 |
| Interest Expense | 45.26M | 14.82M | 2.72M | 9.97M | 35.28M | 32.52M | 19.05M | 9.27M | 6.24M | 4.51M | 3.06M | 0.00 |
| Depreciation & Amortization | 53.93M | 25.70M | 33.24M | -3.84M | -15.11M | 61.85M | 26.65M | 17.89M | -33.26M | -18.17M | -52.09M | 2.49M |
| EBITDA | 49.82M | 17.93M | 23.39M | 14.82M | 0.00 | 19.96M | 28.20M | 21.94M | 0.00 | 0.00 | -54.00M | 348.00K |
| EBITDA Ratio | -76,638.46% | -76.18% | 1,132.68% | 77.54% | 80.80% | -366.75% | 180.93% | 125.21% | 121.08% | 94.34% | 47.35% | 36.40% |
| Operating Income | -4.12M | -15.38M | -6.31M | 20.11M | 22.26M | 21.22M | 28.20M | 21.94M | 39.52M | 38.85M | 1.14M | -2.49M |
| Operating Income Ratio | 6,335.38% | -76.18% | 1,132.68% | 77.54% | 80.80% | -366.75% | 171.00% | 129.73% | 763.75% | 177.22% | 47.35% | -260.67% |
| Total Other Income/Expenses | 8.68M | -48.13M | -6.31M | 5.30M | 0.00 | -29.90M | 1.64M | 1.45M | -39.49M | -22.68M | -3.06M | 1.96M |
| Income Before Tax | 4.56M | -30.20M | -6.31M | 20.11M | 22.26M | -11.30M | 10.79M | 11.91M | 30.00K | 16.17M | -1.91M | -2.14M |
| Income Before Tax Ratio | -7,013.85% | -149.60% | 1,132.68% | 77.54% | 80.80% | 195.18% | 65.42% | 70.39% | 0.58% | 73.76% | -79.35% | -224.27% |
| Income Tax Expense | 0.00 | 79.45M | -6.30M | -59.00K | -2.45M | 21.06M | 28.20M | 21.94M | 39.52M | 38.85M | 53.23M | 348.00K |
| Net Income | 4.56M | -30.20M | -6.31M | 20.11M | 22.26M | -11.30M | 10.79M | 11.91M | 30.00K | 16.17M | -1.91M | -2.14M |
| Net Income Ratio | -7,013.85% | -149.60% | 1,132.68% | 77.54% | 80.80% | 195.18% | 65.42% | 70.39% | 0.58% | 73.76% | -79.35% | -224.27% |
| EPS | 0.31 | -2.29 | -0.50 | 1.63 | 1.79 | -0.88 | 0.93 | 1.31 | 0.00 | 1.77 | -0.29 | -1.31 |
| EPS Diluted | 0.31 | -2.29 | -0.50 | 1.63 | 1.79 | -0.88 | 0.93 | 1.31 | 0.00 | 1.77 | -0.29 | -1.31 |
| Weighted Avg Shares Out | 14.88M | 13.16M | 12.68M | 12.35M | 12.46M | 12.81M | 11.60M | 9.12M | 9.14M | 9.14M | 6.57M | 1.63M |
| Weighted Avg Shares Out (Dil) | 14.88M | 13.16M | 12.68M | 12.35M | 12.46M | 12.81M | 11.60M | 9.12M | 9.14M | 9.14M | 6.57M | 1.63M |
Ellington Credit Declares Monthly Common Dividend
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on January 27, 2025 to shareholders of record as of December 31,...
Ellington Credit (EARN) Recently Broke Out Above the 50-Day Moving Average
Ellington Credit (EARN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, EARN broke through the 50-day moving average, which suggests a short-term bullish trend.
Ellington Credit Sets Date for its Annual Meeting of Shareholders
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that its 2024 Annual Meeting of Shareholders (the "Annual Meeting") will be held on Wednesday, December 4, 2024, at 10:00 am, Eastern Time, via live webcast at www.virtualshareholdermeeting.com/EARN2024....
Ellington Credit Company (EARN) Q3 2024 Earnings Call Transcript
Ellington Credit Company (NYSE:EARN ) Q3 2024 Earnings Conference Call November 13, 2024 1:00 PM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel Larry Penn - Chief Executive Officer Mark Tecotzky - Co-Chief Investment Officer Chris Smernoff - Chief...
Ellington Credit (EARN) Q3 Earnings Beat Estimates
Ellington Credit (EARN) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.21 per share a year ago.
Ellington Credit Company Reports Third Quarter 2024 Results
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we", "us," or "our") today reported financial results for the quarter ended September 30, 2024. Highlights Net income (loss) of $5.4 million, or $0.21 per share. Adjusted Distributable Earnings1 of $7.2 million,...
Ellington Credit Declares Monthly Common Dividend
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on December 26, 2024 to shareholders of record as of November 29,...
Ellington Credit Postpones its Annual Meeting of Shareholders
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced the postponement of its 2024 Annual Meeting of Shareholders (the "Annual Meeting"), scheduled for October 30, 2024. The Annual Meeting is being postponed to provide the Company further...
Ellington Credit Company Announces Release Date of Third Quarter 2024 Earnings, Conference Call, and Investor Presentation
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended September 30, 2024 after market close on Tuesday, November 12, 2024. The Company will host a conference call...
ISS Joins Glass Lewis in Recommending EARN Shareholders Vote “FOR” Proposals Related to Strategic Transformation
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that Institutional Shareholder Services Inc. ("ISS") became the second leading independent proxy advisory firm, joining Glass Lewis, to recommend that shareholders of the Company vote “FOR” the proposals...
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Category: Stock Reports