Significant Growth in Market Capitalization
Dynex's market capitalization as of June 30, 2025, reached over $1.5 billion, representing nearly 50% growth since June 2024.
Increase in Portfolio Size
The investment portfolio grew by over $3 billion in the quarter, increasing from $11 billion to $14 billion since the end of the first quarter, marking a 25% growth.
Successful Capital Raising
Dynex raised $560 million of new capital this year, positioning itself to grow and deploy capital into an attractive market.
Positive Net Interest Income Trend
Net interest income continues to trend upwards due to new investments with attractive yields and beneficial swaps.
Strategic Leverage Increase
Leverage increased from 7.4 last quarter to 8.3 in the second quarter, supported by strong cash liquidity and stable mortgage repo markets.
Dividend Increase
Dynex has increased its dividend above pre-COVID levels, indicating strong financial health and commitment to shareholder value.
Strong Returns on Investments
ROEs on newly acquired positions, when fully hedged with interest rate swaps, are ranging from the mid-teens to the low 20% range.