Dynex Capital Q3 2022 Earnings Report

Dynex Capital's Q3 2022 results were announced, revealing a total economic loss of $(2.17) per common share and a decline in book value per common share to $14.23.

Key Takeaways

Dynex Capital reported a challenging third quarter in 2022, marked by economic loss and a decline in book value due to interest rate volatility and spread widening. Despite these challenges, the company's liquidity remains solid, and it is well-positioned to benefit when the markets stabilize. The company reported a net loss of $(1.07) per common share. Earnings available for distribution (EAD) to common shareholders was $0.24 per common share.

Total economic loss of $(2.17) per common share, or (12.9)% of beginning book value.

Book value per common share declined by $(2.56) to $14.23 as of September 30, 2022, partially offset by dividends declared of $0.39 per common share.

Comprehensive loss of $(2.20) per common share and net loss of $(1.07) per common share.

Earnings available for distribution (EAD) to common shareholders was $0.24 per common share.

Total Revenue

$7.12M

Previous year: $14.4M