Ellington Residential Mortgage ( (EARN) ) has released its Q3 earnings. Here is a breakdown of the information Ellington Residential Mortgage presented to its investors.
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Ellington Residential Mortgage is a non-diversified closed-end fund specializing in corporate collateralized loan obligations (CLOs), focusing on mezzanine debt and equity tranches, and is managed by Ellington Management Group, a prominent fixed-income investment manager.
In its latest earnings report for the quarter ending September 30, 2025, Ellington Residential Mortgage reported a net asset value per share of $5.99, with a GAAP net income of $4.3 million or $0.11 per share. The company’s net investment income reached $8.5 million, or $0.23 per share, reflecting a robust performance in its investment portfolio.
The company’s CLO portfolio expanded to $379.6 million, with significant activity including $115.7 million in CLO investments purchased and $29.2 million sold. The weighted average GAAP yield for the quarter was 15.5% on the total CLO portfolio, and the company received $16.2 million in recurring cash distributions from its investments.
Looking forward, Ellington Residential Mortgage’s management expressed confidence in its strategic positioning, highlighting a balanced mix of mezzanine and equity tranches and a significant credit hedging portfolio. The company anticipates continued opportunities for outperformance through active management, driven by elevated loan repricing activity and ongoing credit dispersion.