Mortgage REIT Dynex Capital swings to Q3 profit on rising net interest income

Dynex Capital

20/10/2025 13:16

Overview

Dynex Capital Q3 net income at $1.09 per share-basic vs a loss of $0.14 in Q2

Book value per common share increased to $12.67, driven by asset appreciation

Company raised $254 mln in equity capital through ATM stock issuances

Result Drivers

ASSET APPRECIATION - Increase in book value driven by asset appreciation from decline in 10-year U.S. Treasury rate and tightening mortgage spreads

CAPITAL RAISING - Raised $254 mln through ATM stock issuances, supporting investment activities

HIGHER-YIELDING INVESTMENTS - Improvement in net interest income due to higher-yielding investments and steady financing costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS diluted
$1.08
Q3 Net Income
$150.38 mln
Q3 Net Interest Income
$30.61 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Dynex Capital Inc is $14.00, about 4.4% above its October 17 closing price of $13.38

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw19Nvxfa

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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.)