Ellington Residential Mortgage REIT

EARN

Market cap $179M

Ellington Credit Company (EARN) launched ELLA, an 8.50% baby bond maturing in 2031, currently priced near par with an 8.86% YTM. EARN's NAV per share has declined 25% over the past year, yet the common trades at a premium, signaling potential overvaluation versus peers. Dividend coverage is currently adequate, but NII below distributions indicates a dividend cut is likely.

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we" or the "Fund") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on May 29, 2026 to common shareholders of record as of April 30, 2026. Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward.

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the “Fund”) today announced the closing of its previously announced underwritten public offering of $50.0 million aggregate principal amount of 8.50% notes due 2031 (the "2031 Notes"). The Fund further announced that the underwriters partially exercised their over-allotment option and purchased an additional $4.0 million aggregate principal amount of 2031 Notes, bringing the total offering size to $54.0 million to dat.

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the “Fund”) today announced the pricing of an underwritten public offering of $50 million aggregate principal amount of 8.50% notes due 2031 (the “2031 Notes”). The 2031 Notes will mature on March 30, 2031, and may be redeemed in whole or in part at the Fund's option on or after March 30, 2028. The 2031 Notes have been rated ‘BBB' by Egan-Jones Ratings Company, an independent rating agency unaffiliated with the Fund.

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the “Fund”) today announced the commencement of an underwritten public offering of unsecured notes due 2031 (the “2031 Notes”). The public offering price, interest rate, and other terms will be determined through negotiations between the Fund and the underwriters. The 2031 Notes have been rated ‘BBB' by Egan-Jones Ratings Company, an independent rating agency unaffiliated with the Fund. The Fund intends to grant the u.

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we" or the "Fund") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on April 30, 2026 to common shareholders of record as of March 31, 2026. Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forwa.

Ellington Credit Company (EARN) Q4 2025 Earnings Call Transcript

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today reported financial results for the quarter ended December 31, 2025. Highlights Net asset value (NAV) per share was $5.19 as of December 31, 2025, which includes the effects of distributions of $0.24 per share for the quarter. GAAP net income (loss) was $(21.1) million or $(0.56) per share. Net investment income ("NII") was $7.8 million, or $0.21 per share. Adjusted net investment income1 was $7.8 million,.

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended December 31, 2025 after market close on Wednesday, March 4, 2026. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Thursday, March 5, 2026. To participate in the event by telephone, please dial (800) 343-4849 at least 10 minutes prior to the start time and reference the conf.

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we" or the "Fund") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on March 31, 2026 to common shareholders of record as of February 27, 2026. Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Fo.