Ellington Residential Mortgage REIT Earnings Recaps
Q2 2025
Aug 20, 2025
Ellington Credit Company reported a strong fiscal quarter with a nearly 20% annualized economic return and a 27% growth in its CLO portfolio, reflecting successful strategic repositioning and capital deployment.
Key takeaways
- Generated GAAP net income of $0.27 per share and adjusted net investment income of $0.18 per share.
- Strong performance across CLO equity and mezzanine investments, with significant net realized and unrealized gains.
- Successfully transitioned to a closed-end fund structure, enhancing tax efficiency and investment focus.
- CLO portfolio increased to $317 million, bolstered by $91 million in new purchases during the quarter.
- Projecting sufficient monthly net investment income to cover $0.08 distribution starting in September, indicating a near fully invested status.