Dynex Capital, Inc. Announces Third Quarter 2026 Results
Key Highlights
- ➤Book value per share fell $1.99 to $10.91 in third-quarter 2026
- ➤Total economic return was $(1.48) per share, or (11.5)%
- ➤Net loss to common shareholders totaled $338.3 million, or $(1.34) per share
- ➤Investment portfolio grew 3% to $28.3 billion after $3.2 billion MBS purchases
- ➤Dynex raised $384 million through common and preferred equity offerings
Expert Statements
Smriti Laxman Popenoe, Co-Chief Executive Officer and President of Dynex Capital, Inc.
“We believe today’s Agency mortgage market presents a compelling forward investment opportunity.”
Smriti Laxman Popenoe, Co-Chief Executive Officer and President of Dynex Capital, Inc.
“Late-quarter volatility and wider mortgage spreads reduced our reported book value, and that repricing has created an attractive forward return opportunity.”
Smriti Laxman Popenoe, Co-Chief Executive Officer and President of Dynex Capital, Inc.
“Importantly, the mortgage market remains fundamentally solid, technical conditions are strong, and financing remains stable.”
Smriti Laxman Popenoe, Co-Chief Executive Officer and President of Dynex Capital, Inc.
“We are managing for the long term, prepared for a range of market scenarios, and positioned to capitalize on opportunities as they develop.”
Dynex Capital, Inc. (NYSE: DX; "Dynex" or the "Company"), a REIT with a long track record of generating dividends from high-quality mortgage assets, reported its third quarter financial results today. Management will host a call today at 10:00 a.m. Eastern Time to discuss the results and business outlook. Details to access the call can be found below under "Earnings Conference Call."
* Total economic return of $(1.48) per common share, or (11.5)% of beginning book value
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