| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 257.39 | 170.8% |
| Total Income | 257.39 | 170.8% |
| Expenditure | 337.75 | 244.2% |
| PBT | — | |
| Net Profit | -80.36 | 2509.1% |
| OPM | — | |
| NPM | -31.22% | 27.99pp |
| EPS | -0.41 | 583.3% |
Dynex Capital Announces Q1 2026 Results
20 Apr 2026 · 20 Apr, 5:30 pm
Summary
Dynex Capital, Inc. announced its first quarter 2026 financial results, reporting a total economic return of $(0.34) per common share. The book value per common share was $12.60 as of March 31, 2026. The company raised $442 million in equity capital and deployed $6.0 billion in investments, net of sales. Adjusted leverage increased to 8.6 times equity, primarily due to financing these purchases with repurchase agreement borrowings.
Key Highlights
- 1
Dynex Capital reported a total economic return of $(0.34) per common share, representing (2.5)% of beginning book value for Q1 2026.
- 2
The book value per common share was $12.60 as of March 31, 2026.
- 3
The company declared dividends of $0.51 per common share for the quarter.
- 4
Dynex Capital raised equity capital of $442 million through at-the-market common stock issuances during Q1 2026.
- 5
Investment purchases, net of sales, totaled $6.0 billion during the quarter.
- 6
Liquidity stood at $1.3 billion, representing 46% of total equity, as of March 31, 2026.
- 7
Leverage, including to-be-announced securities at cost, was 8.6 times shareholders' equity as of March 31, 2026.
Management Comments
Smriti Laxman Popenoe
Dynex entered 2026 from a position of strength, building on the momentum of an outstanding 2025 through disciplined execution and rigorous risk management. Navigating periods like the first quarter with discipline remains a core strength of the Dynex team. Current asset returns continue to support healthy long-term performance, and we believe our growing scale and consistent execution position us to deliver durable value for our shareholders.
Informational and educational content only. Not investment advice.