Dynex Capital Q4 book value per share rises on asset appreciation

Dynex Capital

26/01/2026 13:12

Overview

REIT's Q4 2025 economic return of $1.29 per share was 10.2% of beginning book value

Book value per share rose to $13.45 as of December 31, 2025

Company raised $393 mln in equity capital during Q4 2025

Outlook

Company did not provide specific financial guidance for 2026

Result Drivers

ASSET APPRECIATION - Increase in book value driven by asset appreciation, contributing to economic return

CAPITAL RAISING - Raised $393 mln in equity capital during Q4, aiding in portfolio expansion

LOWER FINANCING RATES - Benefited from lower repurchase agreement financing rates after U.S. Federal Funds rate cuts

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$1.16
Q4 Net Income
$185.36 mln
Q4 Net Interest Income
$43.48 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Dynex Capital Inc is $14.50, about 0.8% below its January 23 closing price of $14.62

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw2bMrmha

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)