Dynex Capital, Inc. Provides Earnings Guidance for the Fourth Quarter Ended December 31, 2021
January 28, 2021 at 04:55 pm EST
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Dynex Capital, Inc. provided earnings guidance for the fourth quarter ended December 31, 2020. Based on preliminary estimates, the Company expects that its results as of and for the quarter ended December 31, 2020 will be as follows: Net income to common shareholders of approximately $37.2 million as compared to net income to common shareholders of $37.5 million for the quarter ended September 30, 2020, or net income per common share of approximately $1.60 as compared to net income of $1.62 per common share for the quarter ended September 30, 2020; Comprehensive income to common shareholders of $28.7 million, or $1.23 per common share, as compared to $44.5 million, or $1.92 per common share, for the quarter ended September 30, 2020; and core net operating income to common shareholders of approximately $10.5 million, or $0.45 on a per share basis for the quarter ended December 31, 2020 as compared to $14.2 million and $0.61 per common share, respectively, for the quarter ended September 30, 2020.
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.
DYNEX CAPITAL, INC. 
