Orchid Island Capital Reports Q3 2026 Net Loss Amid Interest Rate Volatility
Orchid Island Capital (ORC) reported a net loss of $0.90 per share for the third quarter of 2026, with book value per share declining to $6.02. Despite the quarterly loss and recent volatility in residential mortgage-backed securities, management expressed optimism regarding prospective yields, noting that current market conditions make new investments attractive. The company is currently trading at a significant discount to its book value, prompting management to execute selective share repurchases as an efficient return of capital. Management indicated that portfolio earnings remain aligned with dividend requirements and signaled intentions to maintain the current portfolio size while utilizing interest rate hedging to protect against further volatility.
Tickers: $ORC
Topics: earnings report mortgage-backed securities REIT share buybacks
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