Dynex Capital, Inc. announced its first quarter 2022 results, reporting a comprehensive income of $0.65 per common share and net income of $3.14 per common share. The company achieved a total economic return of 3.5% and maintained its hedge position throughout the quarter.
Comprehensive income of $0.65 per common share and net income of $3.14 per common share
Total economic return of $0.64 per common share, or 3.5% of beginning book value
Earnings available for distribution to common shareholders of $0.44 per common share
Net interest spread of 1.86% and adjusted net interest spread of 2.08%
The company has begun to see opportunities to generate accretive long-term returns through increased leverage, while maintaining a flexible balance sheet and mindset.
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