Dynex Capital, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
January 30, 2023 at 08:04 am
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Dynex Capital, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net income was USD 43.29 million. Basic earnings per share from continuing operations was USD 0.85. Diluted earnings per share from continuing operations was USD 0.85.
For the full year, net income was USD 143.16 million. Basic earnings per share from continuing operations was USD 3.19. Diluted earnings per share from continuing operations was USD 3.17.
Dynex Capital, Inc. is an internally managed mortgage real estate investment trust (REIT), which invests in mortgage-backed securities (MBS). The Companyâs objective is to provide attractive risk-adjusted returns to its shareholders over the long term that are reflective of a leveraged, high quality fixed income portfolio with a focus on capital preservation. The Company seeks to provide returns to its shareholders primarily through the payment of regular dividends and through capital appreciation of its investments. The Company primarily invested in Agency MBS, including residential MBS (Agency RMBS). Its investment portfolio also comprised of Agency commercial MBS (Agency CMBS) and Agency and non-Agency CMBS interest-only (CMBS IO) securities.