Ellington Residential: 4Q Earnings Snapshot | Business-wire – Fredericksburg.com


OLD GREENWICH, Conn. (AP) — Ellington Residential Mortgage REIT (EARN) on Monday reported a fourth-quarter loss of $10.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Old Greenwich, Connecticut-based company said it had a loss of 80 cents. Earnings, adjusted for non-recurring costs, were 32 cents per share.

The residential mortgage real estate investment trust posted revenue of $4.8 million in the period.

For the year, the company reported a loss of $11.3 million, or 88 cents per share, swinging to a loss in the period. Revenue was reported as $22 million.

Ellington Residential shares have risen 14 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $11.64, a climb of roughly 9 percent in the last 12 months.


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