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Mar 31, 2020
Dynex Capital Q1 2020 Earnings Report
Reported first quarter 2020 results, demonstrating resilience amidst extreme market volatility.
Key Takeaways
Dynex Capital reported a comprehensive loss of $(1.45) per common share but earned core net operating income of $0.51 per common share, exceeding dividends declared of $0.45 per common share. The company reduced its MBS portfolio by approximately 28% and repositioned its hedging portfolio.
Comprehensive loss of $(1.45) per common share.
Core net operating income of $0.51 per common share, a non-GAAP measure.
Net interest spread and adjusted net interest spread of 1.32% and 1.47%, respectively.
MBS portfolio reduced by approximately 28% to $3.7 billion.
Forward Guidance
Company has the flexibility, capital and liquidity to make investments and sees opportunities to invest capital today. Post quarter-end, market conditions have improved and the company will continue its disciplined capital management as it assess the evolving risk environment.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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