Eagle Point Income reports Q3 EPS 57c, consensus 50c

Reports Q3 revenue $12.50M , consensus $11.73M…Net asset value or NAV per common share of $14.90 as of September 30, compared to $15.24 as of June 30 … “We had a strong third quarter as the investment portfolio once again generated robust cash flows and net investment income,” said Thomas P. Majewski, Chairman and Chief Executive Officer. “We were able to generate realized gains of $0.08 per share as discounted purchases from the past months pulled to par sooner than anticipated. As we navigate the shifting interest rate environment, we believe CLO debt and CLO equity will continue to offer a premium return compared to other fixed income securities.”