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Dec 31, 2024
Ellington Financial Q4 2024 Earnings Report
Ellington Financial reported its financial results for the fourth quarter ended December 31, 2024.
Key Takeaways
Ellington Financial reported net income attributable to common stockholders of $22.4 million, or $0.25 per common share, for the fourth quarter of 2024. Adjusted distributable earnings were $40.6 million, or $0.45 per common share, covering the $0.39 per share dividends for the quarter. The company saw strong performance from its loan originator affiliates and securitization-related gains.
Net income attributable to common stockholders was $22.4 million, or $0.25 per common share.
Adjusted Distributable Earnings were $40.6 million, or $0.45 per common share, covering the quarterly dividends.
The total adjusted long credit portfolio increased by 5% to $3.42 billion, driven by net purchases of closed-end second lien loans, HELOCs, commercial mortgage bridge loans, and non-Agency RMBS.
The company completed four securitization transactions across three different product lines, generating gains and securing non-market-to-market term financing.
Revenue by Segment
Forward Guidance
Ellington Financial is committed to building on its achievements throughout 2025, focusing on maintaining securitization momentum and expanding asset sourcing channels and financing sources to drive portfolio and earnings growth.
Positive Outlook
- Maintaining securitization momentum across multiple business lines.
- Further expanding asset sourcing channels.
- Further expanding sources of financing.
- Driving additional portfolio growth.
- Driving additional earnings growth.
Challenges Ahead
- Changes in interest rates and market value of investments could impact results.
- Market volatility could affect financial performance.
- Changes in mortgage default rates and prepayment rates pose risks.
- Ability to borrow to finance assets could be constrained.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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