Dynex Capital Reports Q1 Book Value Decline and Capital Deployment
Dynex Capital reported a Q1 book value of $12.60 per share and an economic return of -2.5%, driven by a $0.51 dividend and a $0.85 decline in book value. However, management estimated book value rose to $13.31 QTD, up 5.6%. The company raised $442 million, increasing its capital base by 18% and boosting net interest income to $0.40 per share.
Topics: Book Value Capital Deployment Earnings MBS Spreads Mortgage REIT