DX
Dynex Capital, Inc.13.65
+0.01+0.07%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.00BP/E (TTM)
7.76Basic EPS (TTM)
1.76Dividend Yield
0.14%Recent Filings
8-K
REIT tax opinion updated
Dynex Capital updated its Universal Shelf Registration Statement disclosures on October 28, 2025, superseding prior sections on U.S. federal income tax considerations and legal matters. Morrison & Foerster LLP opined that the REIT qualified for taxation from 2022 through 2024 and should continue qualifying for 2025 onward, assuming ongoing compliance with complex Code requirements. No assurance exists against IRS challenges. Qualification hinges on annual tests.
8-K
Dynex Q3 return surges 10.3%
Dynex Capital posted a strong Q3 2025, with total economic return hitting 10.3% of beginning book value, driven by $0.72 per share book value growth to $12.67 amid falling Treasury rates and tightening spreads. The firm raised $254 million via ATM stock sales, snapping up $2.4 billion in Agency RMBS and $464 million in Agency CMBS, while leverage eased to 7.5x equity. Capital deployment boosted net interest income. Management eyes better financing costs in Q4 from Fed rate cuts.
8-K
Expands ATM shares to 75M
Dynex Capital amended its at-the-market offering agreement on July 29, 2025, boosting available common shares to 161,292,973, with 75,000,000 now open for sales through agents like BTIG and J.P. Morgan. This expansion under the S-3 registration equips the REIT to tap equity markets flexibly amid mortgage asset dynamics. No proceeds use or risks detailed. Sales proceed at market rates.
10-Q
Q2 FY2025 results
Dynex Capital swung to a Q2 net loss of $13.6 million, or $0.14 per diluted share, from a $8.3 million loss last year, as unrealized gains on investments flipped to $33.7 million from a $42.0 million loss while derivative losses deepened to $58.1 million from $41.1 million gains—yet net interest income surged 17x y/y to $23.1 million (derived), fueled by a 40% larger Agency RMBS portfolio yielding 4.74% against 4.45% repo costs. Year-to-date, the net loss widened to $16.7 million from $31.8 million profit, with economic net interest spread expanding to 0.96% from negative territory. Liquidity strengthened to $891 million, backed by $388 million cash and $499 million unencumbered Agency MBS, while $522 million in ATM equity raised funded $2.8 billion in new investments. Leverage sits at 5.3x equity. Volatility in rates and spreads persists.
8-K
Dynex Q2 economic loss, capital raise
Dynex Capital reported a Q2 2025 total economic loss of $0.10 per common share, driven by a $0.61 drop in book value to $11.95, yet offset by $0.51 dividends. The firm raised $282 million via ATM stock issuances, deploying it into $1.9 billion Agency RMBS, $364 million Agency CMBS, and $953 million TBAs, boosting leverage to 8.3x. Capital deployment strengthens returns. Liquidity stands at $891 million amid rate volatility.
AGNC
AGNC Investment Corp.
10.33-0.03
ARR
ARMOUR Residential REIT, Inc.
16.87-0.16
BXMT
Blackstone Mortgage Trust, Inc.
20.17-0.46
IVR
INVESCO MORTGAGE CAPITAL INC
8.16-0.01
LADR
Ladder Capital Corp
11.21-0.12
MFA
MFA Financial, Inc.
9.49-0.11
NLY
Annaly Capital Management Inc.
22.12-0.24
NREF
NexPoint Real Estate Finance, I
14.31-0.22
RPT
Rithm Property Trust Inc.
2.88+0.10
TRTX
TPG RE Finance Trust, Inc.
9.04-0.13