+ Total economic loss of $(0.10) per common share, or (0.8)% of beginning book value, comprised of a decline in book value of $(0.61) per common share offset by dividends declared of $0.51 per common share + Book value per common share of $11.95 as of June 30, 2025 + Comprehensive loss of $(0.11) per common share and net loss of $(0.14) per common share + Raised equity capital of $282 million, net of issuance costs, through at-the-market ("ATM") common stock issuances + Purchased $1.9 billion in Agency RMBS and $364 million in Agency CMBS and increased TBA investments by $953 million + Liquidity of $891 million as of June 30, 2025 + Leverage including to-be-announced ("TBA") securities at cost was 8.3 times shareholders' equity as of June 30, 2025
Management Remarks
"Our approach of strategically raising and deploying capital into compelling mortgage-backed securities markets makes Dynex well positioned to generate strong returns for shareholders. We continue to invest in highly liquid, transparent, and readily valued securities, supporting stability and effective risk management across various interest rate and economic cycles," said Smriti Laxman Popenoe, Co-Chief Executive Officer and President.
https://www.dynexcapital.com/investors/...second-quarter-2025-results
https://d1io3yog0oux5.cloudfront.net/...ings+Presentation+%283%29.pdf |