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Ellington Credit Q2 2024 Earnings Report

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$6.56 +0.10 (+1.55%)
(As of 12/20/2024 05:31 PM ET)

Ellington Credit EPS Results

Actual EPS
$0.36
Consensus EPS
$0.24
Beat/Miss
Beat by +$0.12
One Year Ago EPS
$0.17

Ellington Credit Revenue Results

Actual Revenue
$3.90 million
Expected Revenue
$6.35 million
Beat/Miss
Missed by -$2.45 million
YoY Revenue Growth
N/A

Ellington Credit Announcement Details

Quarter
Q2 2024
Time
After Market Closes

Conference Call Resources

Conference Call Audio

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Ellington Credit Earnings Headlines

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Ellington Credit Company declares $0.08 dividend
Ellington Credit Co.
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About Ellington Credit

Ellington Credit (NYSE:EARN) Company, a real estate investment trust, acquires, invests in, and manages 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, such as 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. The company was formerly known as Ellington Residential Mortgage REIT and changed its name to Ellington Credit Company in April 2024. Ellington Credit Company was incorporated in 2012 and is based in Old Greenwich, Connecticut.

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