Quarterly ResultJul 20, 2026, 08:12 AM
Dynex Capital Q2 Economic Return $0.81/Share; Book Value $12.90
AI Summary
Dynex Capital announced strong second quarter 2026 financial results, reporting a total economic return of $0.81 per common share and an increase in book value per common share to $12.90. The company's total investment portfolio expanded by 11% to $27.6 billion, fueled by $2.8 billion in MBS purchases. Dynex also successfully raised $391 million in common equity through its ATM program, contributing to a decrease in leverage.
Key Highlights
- Total economic return of $0.81 per common share, or 6.4% of beginning book value.
- Book value per common share increased to $12.90 as of June 30, 2026, up $0.30 from March 31, 2026.
- Comprehensive income and net income were both $0.80 per common share.
- Dividends declared of $0.51 per common share.
- Total investment portfolio grew 11% to $27.6 billion, driven by $2.8 billion in MBS purchases.
- Raised $391 million of common equity, net of commissions, through an at-the-market (ATM) program.
- Leverage decreased to 8.1 times shareholders' equity from 8.6 times in the prior quarter.
- Liquidity stood at $1.6 billion of cash and unpledged securities, representing 51% of total equity.
Price Impact
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