The Company's recourse debt-to-equity ratio, adjusted for unsettled purchases and sales, also increased over the course of the quarter to 2.0:1 from 1.6:1 at December 31, 2020. 112 Ellington Pl, Madison, TN 37115 is a 2 bed, 2 bath, 1,110 sqft condo now for sale at $210,000. Net loss of $(33.3) million, or $(0.55) per common share. Adjusted Distributable Earnings 1 of $26.5 million, or $0.44 per share. 38 The Esplanade Unit 425 is part of the building 38 The Esplanade and is the only unit for sale at this time. The adjustment is calculated as of the beginning of each quarter based on the Company's then-current assumptions about cashflows and prepayments, and can vary significantly from quarter to quarter. This information does not include financial derivatives. View source version on businesswire.com: https://www.businesswire.com/news/home/20210505006040/en/, Investors: Meanwhile, the rise in long-term interest rates drove net gains on the Company's interest rate hedges and Agency interest-only securities, which along with net carry from the portfolio, more than offset the net losses on the Company's long Agency RMBS holdings. With respect to structured products including MBS, Ellington seeks investments across a wide range of sectors without any restriction as to ratings, structure, or position in the capital structure. 3 Includes REO at the lower of cost or fair value. See "Reconciliation of Net Income (Loss) to Core Earnings" below for an explanation regarding the calculation of Core Earnings. Period Ended Includes equity investments in securitization-related vehicles. Including such borrowings, the Company's debt-to-equity ratio based on total recourse borrowings was 2.8:1 as of September 30, 2022. Ellington Financial Inc. 53 Forest Avenue Old Greenwich, CT 06870 Phone: 203.409.3575 Email: info@ellingtonfinancial.com . Quarterly Filings. For certain investments in unconsolidated entities, the Company includes the relevant components of net operating income in Adjusted Distributable Earnings. Arrives by Fri, Dec 9 Buy Duke Ellington Christmas (CD) by Duke Ellington at Walmart.com County property records show the CRA paid $100 for the hall, but in a 2009 annual financial report the agency says is it paid $382,500 $217,335 up front and 24 payments totaling $165,165. This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Ellington Financial LLC . About; Our Manager; Ellington was founded in 1994 by Mike Vranos and five partners after holding senior roles in the mortgage departments at Kidder Peabody and Lehman Brothers. Copyright 2022 Ellington Financial Inc.. Ellington Financial is led by a board of directors and seasoned team of officers, with extensive experience in the mortgage securities business including both buy and sell side experience. "After a brief respite in July, the challenging market conditions of the first half of 2022 intensified in August and September. In addition to originating and acquiring loans, we also make strategic debt and equity investments in loan originators. info@ellingtonfinancial.com Contact Ellington Financial Inc. 53 Forest Avenue Old Greenwich, CT 06870 Phone: 203.409.3575 Email: info@ellingtonfinancial.com Navigation About Our Manager Team Investment Strategy Our Targeted Asset Classes The Company's credit strategy generated a gross loss of $(11.3) million, or $(0.19) per share, and its Agency strategy generated a gross loss of $(10.7) million or $(0.17) per share. OLD GREENWICH, Conn., August 04, 2022 -- ( BUSINESS WIRE )--Ellington Financial Inc. (NYSE: EFC) (the "Company") today reported financial results for the quarter ended June 30, 2022.. Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans, residential and commercial mortgage-backed securities, consumer loans and asset-backed securities backed by consumer loans, collateralized loan obligations, non-mortgage and mortgage-related derivatives, equity investments in loan origination companies, and other strategic investments. The Zestimate for this house is $434,100, which has increased by $4,260 in the last 30 days. Ellington Financial Inc. (NYSE:NYSE:EFC) Q3 2022 Earnings Conference Call November 8, 2022, 11:00 AM ET Company Participants Jason Frank - Deputy General Counsel and Secretary Larry Penn -. Net interest income4 on the Company's credit portfolio increased significantly quarter over quarter, driven by the larger portfolio, while the Company also had strong performance from its CLO and CMBS strategies, and significant net gains on its interest rate hedges and retained non-QM tranches, driven by the appreciation of its non-QM interest only securities. Highlights Net income of $34.3 million, or $0.61 per common share. Maxim Trims Ellington Financial's Price Target to $15.50 From $17.50, Maintains Buy Rat.. JMP Securities Adjusts Ellington Financial's Price Target to $15 From $16.50, Maintains.. Actual results may differ from the Company's beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. The Firm has continued to diversify into additional asset classes throughout its . During the quarter, the Company substantially increased the size of its short TBA position, in conjunction with the increased size of its Agency RMBS portfolio. Delayed Nyse A dial-in replay of the conference call will be available on Tuesday, November 8, 2022, at approximately 2:00 p.m. Eastern Time through Tuesday, November 15, 2022 at approximately 11:59 p.m. Eastern Time. The Federal Reserve increased its target range for the federal funds rate by 0.75% in both July and September, which left the benchmark rate at its highest level since 2008, and also accelerated the runoff of its balance sheet in September. The Company's asset yields also increased over the same period, though by a lesser amount. Includes net interest income and operating expenses for certain investments in unconsolidated entities. 2220 Lake Shore Boulevard West, Toronto. In accordance with U.S. GAAP, REO is not considered a financial instrument and as a result is included at the lower of cost or fair value. After positive performance in July, Agency RMBS significantly underperformed U.S. Treasury securities and interest rate swaps in August and September, and for the third quarter overall, as persistently high inflation weakened market sentiment, drove volatility higher, and led the Federal Reserve to continue the rapid tightening of its monetary policy. Investors: Ellington Financial Inc. Investor Relations (203) 409-3575 info@ellington.com or Media: Amanda Klein or Kevin FitzGerald Gasthalter & Co. for Ellington Financial (212) 257-4170 . Continue. OLD GREENWICH, Conn.-- ( BUSINESS WIRE )--Ellington Financial Inc. (NYSE: EFC) (the "Company") today reported financial results for the quarter ended June 30, 2020. OLD GREENWICH, Conn., August 04, 2022--Ellington Financial Inc. Reports Second Quarter 2022 Results Interest rates rose significantly during the quarter, particularly short-term interest rates, and actual and implied interest rate volatility surged, with the MOVE index in September reaching its highest level since the COVID-related market volatility of March 2020. We conduct all of our operations and business activities through the Operating Partnership. The increase in long-term interest rates also reduced the demand for prepayment protection, which caused the Company's prepayment-protected specified pools to further underperform. Convertible units include Operating Partnership units attributable to participating non-controlling interests. 5 Net interest margin represents the weighted average asset yield less the weighted average secured financing cost of funds. Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C. Ellington's continued emphasis on and development of proprietary credit, interest rate, and prepayment models, as well as other proprietary research and analytics, underscores the importance it places on a disciplined and analytical approach to fixed income investing. Ellington Financial Llc's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes: In addition, given the persistently high rate of inflation, the Federal Reserve shifted to a more hawkish position on interest rates, signaling that multiple increases of the target range for the federal funds rate could be imminent, and also that it could begin to reduce the size of the Federal Reserve's balance sheet soon (as opposed to tapering net purchases to zero, but still maintaining the size of its balance sheet). To listen to the live webcast, please visit www.ellingtonfinancial.com at least 15 minutes prior to the start of the call to register, download, and install necessary audio software. However, because Core Earnings is an incomplete measure of the Company's financial results and differs from net income (loss) computed in accordance with U.S. GAAP, it should be considered supplementary to, and not as a substitute for, net income (loss) computed in accordance with U.S. GAAP. Finally, we capitalized on increased yield spread widening in the Agency RMBS market to add to our portfolio there, which increased our leverage incrementally. Core Earnings 1 of $24.9 million, or $0.44 per share. Derived from audited financial statements as of December 31, 2020. Over the same period, the Company's total long Agency RMBS portfolio increased by 55% to $1.488 billion, as yield spread widening in that sector presented attractive investment opportunities. Ellington Financial Announces Estimated Book Value Per Common Share as of October 31, 2.. ELLINGTON FINANCIAL INC. Management's Discussion and Analysis of Financial Condition a.. Tranche Update on Ellington Financial Inc.'s Equity Buyback Plan announced on August 6,.. Transcript : Ellington Financial Inc., Q3 2022 Earnings Call, Nov 08, 2022, Earnings Flash (EFC) ELLINGTON FINANCIAL Reports Q3 EPS $0.44. Based on total stockholders' equity less the aggregate liquidation preference of the Company's preferred stock outstanding. If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240 . Including such tranches, the Company's total long credit portfolio was $4.4 billion as of September 30, 2022. It is friendly to pets (with restrictions). The Company will host a conference call at 11:00 a.m. Eastern Time on Thursday, May 6, 2021, to discuss its financial results for the quarter ended March 31, 2021. We believe that Longbridge's future earnings prospects are strong, and that the stage is set for an excellent return on equity on our investment. ELLINGTON FINANCIAL INC : US28852N1090 : 0,15 USD : 0,145 EUR : ELLINGTON RESIDENTIAL MORTGAGE REIT . Highlights Net loss of $(64.9) million, or $(1.08) per common share. Includes realized and unrealized gains (losses) on foreign currency included in Other, net, on the Condensed Consolidated Statement of Operations. With respect to loans, we have tended to focus on underserved, niche market segments where inefficiencies exist, and where the segment's size or complexity could present a barrier to entry. Higher net interest income4 quarter over quarter, along with substantial net realized and unrealized gains, drove the excellent performance of the credit portfolio in the first quarter. (Bloomberg) -- Joe Biden and Emmanuel Macron will dine on lobster, caviar and an Oregon cheese named the best in the world while listening to Grammy-winner Jon Batiste at the US president's first state dinner on Thursday. Ellington is a registered investment adviser with a 27-year history of investing in the Agency and credit markets. Ellington Financial Inc. (NYSE: EFC) (the "Company") today reported financial results for the quarter ended June 30, 2022. Old Greenwich, Connecticut 06870 +1 203 698 1200 (Name, Address and Telephone Number of Person Authorized to . The adjustment is calculated as of the beginning of each quarter based on the Company's then-current assumptions about cashflows and prepayments, and can vary significantly from quarter to quarter. It contains 3 bedrooms and 5 bathrooms. OLD GREENWICH, Conn.-- ( BUSINESS WIRE )--Ellington Financial Inc. (NYSE: EFC) (the "Company") today reported financial results for the quarter ended June 30, 2022. It manages mortgage-backed assets, securities, loans and real estate debts. Highlights Net income of $37.9 million, or $0.86per common share. This training will define tokenism, provide examples of how tokenism shows up in the workplace, and review the differences between diversity and inclusion and intent versus . A Resolution Adopting a Plan of Services for the . Chase Corporation Announces . In connection with the release of these financial results, the Company also posted an investor presentation, that will accompany the conference call, on its website at www.ellingtonfinancial.com under "For Our ShareholdersPresentations.". Ellington Management Group, L.L.C. By rotating between and allocating among various sectors of the structured product markets and adjusting the extent to which it hedges, Ellington believes that it is able to capitalize on the disparities between these sectors as well as on overall trends in the marketplace, and therefore provide better and more consistent returns for its investors. The following table reconciles, for the three- and nine-month periods ended September 30, 2022 and the three-month period ended June 30, 2022, the Company's Adjusted Distributable Earnings to the line on the Company's Consolidated Statement of Operations entitled Net Income (Loss), which the Company believes is the most directly comparable U.S. GAAP measure: Net income (loss) before income tax expense, Realized (gains) losses on securities and loans, net, Realized (gains) losses on financial derivatives, net, Realized (gains) losses on real estate owned, net, Unrealized (gains) losses on securities and loans, net, Unrealized (gains) losses on financial derivatives, net, Unrealized (gains) losses on real estate owned, net, Unrealized (gains) losses on other secured borrowings, at fair value, net, Unrealized (gains) losses on senior notes, at fair value, Other realized and unrealized (gains) losses, net(1), Net realized gains (losses) on periodic settlements of interest rate swaps, Net unrealized gains (losses) on accrued periodic settlements of interest rate swaps, Negative (positive) component of interest income represented by Catch-up Premium Amortization Adjustment, Non-capitalized transaction costs and other expense adjustments, (Earnings) losses from investments in unconsolidated entities, Adjusted distributable earnings from investments in unconsolidated entities(2), Adjusted Distributable Earnings attributable to non-controlling interests, Adjusted Distributable Earnings Attributable to Common Stockholders, Adjusted Distributable Earnings Attributable to Common Stockholders, per share, View source version on businesswire.com: https://www.businesswire.com/news/home/20221107005984/en/. To access this replay, please dial (800) 585-8367 and enter the conference ID number 9348146. International callers should dial (404) 537-3406 and enter the same conference ID number. SEC Filings. Highlights Net loss of $ (33.3) million, or $ (0.55) per common share. As a result, the Company's net interest margin on its Agency RMBS, excluding the Catch-up Premium Amortization Adjustment, declined quarter over quarter to 1.00% from 1.76%. For the nine-month period ended September 30, 2022, consists of $(241.1) million of net unrealized losses on securitized non-QM loans, $202.3 million of net unrealized gains on the related other secured borrowings, at fair value, $16.5 million of unrealized gains on senior notes, at fair value, and $(101.1) million of other net unrealized losses. The business formed date is August 2, 2000. Get the detailed income statement for Ellington Financial Inc. (EFC). Overall, we generated an economic loss of (3.4)% for the third quarter. "During the first quarter, in addition to substantial gains in our CMBS and CLO portfolios, we also had notably strong performance from our non-QM loan business, where we successfully completed our first securitization of the new year, as well as from our consumer loan, residential transition loan, and non-Agency RMBS portfolios. Ellington Financial Inc. Reports Third Quarter 2022 Results 11/07/22-4:15 PM EST Ellington Financial Declares Monthly Common Dividend 10/25/22-5:05 PM EDT Ellington Financial Announces Release Date of Third Quarter 2022 Earnings, Conference Call, and Investor Presentation 10/18/22-4:15 PM EDT Excludes hedges and other derivative positions, as well as tranches of the Company's consolidated non-QM securitization trusts that were sold to third parties, but that are consolidated for U.S. GAAP reporting purposes. Despite the growth of the small balance commercial mortgage, residential transition, and consumer loan portfolios, the Company's total long credit portfolio3 actually decreased by 9% quarter over quarter, to $1.299 billion as of March 31, 2021, as a result of opportunistic sales of CLOs, CMBS, and European RMBS, as well as the completion of a non-QM loan securitization in February. Announces the Income Tax Treatment of its 2021 Distributions, Ellington Financial Inc. Completes $417 Million Non-QM Loan Securitization, Ellington Financial Announces Estimated Book Value Per Common Share as of December 31, 2021, Sheridan Capital and Ellington Financial Announce Strategic Partnership. This increase was driven in part by an increase in non-recourse borrowings following the non-QM securitization that we completed during the quarter, and in part by a decrease in total equity. To participate in the . The following table summarizes the Company's operating results for the three-month periods ended March 31, 2021 and December 31, 2020: Three-Month To participate in the event by telephone, please dial (877) 241-1233 at least 10 minutes prior to the start time and reference the conference ID number 9348146. International callers should dial (810) 740-4657 and reference the same conference ID number. This role is also eligible for annual short-term incentive compensation. 1504-80 John Street, Toronto. OLD GREENWICH, Conn., October 06, 2022 -- ( BUSINESS WIRE )--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that its Board of Directors has declared a monthly dividend. As of November 11, 2022, Ellington Financial Inc had a relative dividend yield of 12.5% compared to the REITs - Specialized industry median of 6.3%. The Zestimate for this house is $708,800. On the other hand, rapidly rising interest rates, widening yield spreads and weak securitization economics generated losses on the Company's unsecuritized non-QM loan portfolio and continued to pressure gain-on-sale margins and origination volumes for the Companys loan originator affiliates. Yes, there is parking available for the condo at 2231-7 King Street with 1 spot. Although both LendSure and Longbridge were profitable in the third quarter, lower earnings for LendSure compared to prior periods and the reduced purchase price for the Longbridge transaction resulted in a lower valuation for each originator quarter over quarter. "Shortly after quarter end, we closed on the acquisition of the other half of our affiliate reverse mortgage originator, Longbridge Financial. Contact LBO for further financial details. Last Financial Statement ( Q3-2022 ) Q3: Revenues for Ellington Financial Inc. fell -15.44% last quarter to $6.21 million. ("Ellington") is a registered investment adviser with deep expertise in diversified credit, mortgage and related markets. ___________________________ Ellington Management Group, L.L.C. International callers should dial (203) 518-9708 and reference the same conference ID. 2022, Credit hedges and other activities, net(4), Earnings (losses) from investments in unconsolidated entities, Interest rate hedges and other activities, net(3), Total Credit and Agency RMBS profit (loss), Less: Net income (loss) attributable to non-participating non-controlling interests, Net income (loss) attributable to common stockholders and participating non-controlling interests, Less: Net income (loss) attributable to participating non-controlling interests, Net income (loss) attributable to common stockholders, Weighted average shares of common stock and convertible units(6) outstanding, Weighted average shares of common stock outstanding. In addition, the Company's total long Agency RMBS portfolio decreased by 15% quarter over quarter, to $1.135 billion, resulting from net sales, paydowns, and net losses. Includes equity investments in unconsolidated entities holding small balance commercial mortgage loans and REO. For the three-month period ended June 30, 2022, consists of $(95.8) million of net unrealized losses on securitized non-QM loans, $67.3 million of net unrealized gains on the related other secured borrowings, at fair value, $7.4 million of unrealized gains on senior notes, at fair value, and $(40.7) million of other net unrealized losses. By investing opportunistically in both loans and securities, we believe that we are able to achieve attractive diversification and can take advantage of relative value across investment classes. 38 Ellington Management Group reviews. Subject to maintaining our qualification as a REIT, we opportunistically hedge our credit risk, interest rate risk, and foreign currency risk; however, at any point in time we may choose not to hedge all or a portion of these risks, and we will generally not hedge those risks that we believe are appropriate for us to take at such time, or that we believe would be impractical or prohibitively expensive to hedge. Based on total stockholders' equity less the aggregate liquidation preference of the Company's preferred stock outstanding. A replay of the conference call will also be archived on the Company's web site at www.ellingtonfinancial.com. All of the Company's non-recourse borrowings are secured by collateral. Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news. Ellington Financial Inc. Reports Third Quarter 2022 Results Ellington Financial Inc. (NYSE: EFC) (the "Company") today reported financial results for the quarter ended September 30,. The following table summarizes the Company's investment portfolio(1) holdings as of March 31, 2021 and December 31, 2020: Consumer Loans and ABS backed by Consumer Loans(2), Corporate Debt and Equity and Corporate Loans, Equity Investments in Loan Origination Entities, Consumer Loans and ABS backed by Consumer Loans. Over 27 years of investing in a broad spectrum of mortgage-backed securities, loans and related derivatives. (203) 409-3575 Includes U.S.Treasury securities, if applicable. Highlights Net loss of $ (33.3) million, or $ (0.55) per common share. The Company acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets. Given Ellington Financial's outperformance during past financial crises, I believe that we have clearly demonstrated our ability to strike this balance successfully, and we will endeavor to continue doing so in the months ahead. Strong performance from our RTL and SBC loan portfolios, CLO and CMBS strategies, non-QM interest-only securities, and interest rate hedges offset a meaningful portion of the losses on our loan originator investments, Agency RMBS, and unsecuritized non-QM loans. Managing client investment portfolios to keep in line with current market trends. In connection with the release of these financial results, the Company also posted an investor presentation, that will accompany the conference call, on its website at www.ellingtonfinancial.com under "For Our ShareholdersPresentations.". Common stock, par value $0.001 per share, 100,000,000 shares authorized; (43,781,684 and 43,781,684 shares issued and outstanding, respectively). The principal address is 1409 Fm 1101, New Braunfels, TX 78130-2622. Other activities include certain equity and other trading strategies and related hedges, and net realized and unrealized gains (losses) on foreign currency. OLD GREENWICH, Conn., May 05, 2022--Ellington Financial Inc. Reports First Quarter 2022 Results 4 Excludes any interest income and interest expense items from interest rate hedges, net credit hedges and other activities, net. Ellington Financial Inc. (NYSE: EFC) (the "Company") today reported financial results for the quarter ended March 31, 2021. Warwick, Rhode Island, United States. Preferred stock, par value $0.001 per share, 100,000,000 shares authorized; 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable; 4,600,000 shares issued and outstanding, respectively ($115,000 liquidation preference). In setting the Company's dividends, the Company's Board of Directors considers the Company's earnings, liquidity, financial condition, REIT distribution requirements, and financial covenants, along with other factors that the Board of Directors may deem relevant from time to time. As the third quarter progressed, hawkish messaging from the Fed, elevated inflation and recessionary concerns, and sharply rising interest rates pushed volatility higher and drove an inversion of the yield curve, all of which stressed equity and fixed income markets alike," said Laurence Penn, Chief Executive Officer and President. OLD GREENWICH, Conn.--(BUSINESS WIRE)--May 5, 2021-- Ellington Financial Inc.(NYSE: EFC) (the "Company") today reported financial results for the quarter ended March 31, 2021. Cautionary Statement Regarding Forward-Looking Statements. Navigation. BlackRock, Inc. is currently the largest shareholder, with 16% of shares outstanding. Advertisement. At the same time, we were able to increase Adjusted Distributable Earnings sequentially as we continued to rotate the portfolio into higher reinvestment yields. Quarterly or annual. Ellington Financial Inc. Investor Relations (203) 409-3575 info@ellingtonfinancial.com or Media: Amanda Shpiner / Sara Widmann Gasthalter & Co. for Ellington Financial (212) 257-4170 Ellington@gasthalter.com Source: Ellington Financial Inc. As a result, the determination of whether the Company has met the requirement to distribute at least 90% of its annual REIT taxable income (subject to certain adjustments) to its stockholders, in order to maintain its qualification as a REIT, is not based on whether it distributed 90% of its Adjusted Distributable Earnings. OLD GREENWICH, Conn.-- ( BUSINESS WIRE )--Ellington Financial Inc. (NYSE:EFC) ("Ellington Financial" or the "Company") announced today that it has priced an underwritten public offering. Contacts Investors: Ellington Financial. President, Chief Executive Officer & Director. The Company's results can fluctuate from month to month and from quarter to quarter depending on a variety of factors, some of which are beyond the Company's control and/or are difficult to predict, including, without limitation, changes in interest rates and the market value of the Company's investments, changes in mortgage default rates and prepayment rates, the Company's ability to borrow to finance its assets, changes in government regulations affecting the Company's business, the Company's ability to maintain its exclusion from registration under the Investment Company Act of 1940; the Company's ability to qualify and maintain its qualification as a real estate investment trust, or "REIT"; and other changes in market conditions and economic trends, including changes resulting from the ongoing spread and economic effects of the novel coronavirus (COVID-19) pandemic, and associated responses to the pandemic. The wage range for applicants for this position is $41,600 - $52,100. Financial Statements and Exhibits (a)Financial Statements of Businesses Acquired. 4 Excludes any interest income and interest expense items from Interest rate hedges, net and Credit hedges and other activities, net. Over 27 years of investing in a broad spectrum of mortgage-backed securities, loans and related derivatives. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Wickberg Accounting presented the annual financial audit report to the City Council. Excludes repo borrowings at certain unconsolidated entities that are recourse to the Company. The Company's overall debt-to-equity ratio, adjusted for unsettled purchases and sales, increased to 4.0:1 as of September 30, 2022, as compared to 3.7:1 as of June 30, 2022. Given the earnings power of our current portfolio, including the significant contribution from our equity stakes in originators, along with additional dry powder to deploy, we remain confident that we can continue to grow the dividend from here. CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS, Realized gains (losses) on securities and loans, net, Realized gains (losses) on financial derivatives, net, Realized gains (losses) on real estate owned, net, Unrealized gains (losses) on securities and loans, net, Unrealized gains (losses) on financial derivatives, net, Unrealized gains (losses) on real estate owned, net, Unrealized gains (losses) on other secured borrowings, at fair value, net, Unrealized gains (losses) on senior notes, at fair value, Base management fee to affiliate (Net of fee rebates of $444, $604, and $1,705, respectively), Debt issuance costs related to Other secured borrowings, at fair value, Debt issuance costs related to Senior notes, at fair value, Net Income (Loss) before Income Tax Expense (Benefit) and Earnings from Investments in Unconsolidated Entities, Net Income (Loss) Attributable to Non-Controlling Interests, Net Income (Loss) Attributable to Common Stockholders, Weighted average shares of common stock and convertible units outstanding, (In thousands, except share and per share amounts), Investments in unconsolidated entities, at fair value, Financial derivativesassets, at fair value, Financial derivativesliabilities, at fair value. Agency RMBS durations extended in response to the higher interest rates, while the elevated volatility contributed to substantial yield spread widening during the quarter. "The year is off to a great start for Ellington Financial. Includes an equity investment in an unconsolidated entity holding European RMBS. September 30, 2022, Nine-Month Horton Inc. 2. Our employees work every day to help build a more confident future for people around the world. "Looking forward, the market selloff has created attractive investment opportunities for us in securities, as well as wider spreads and higher yields on new loan originations. MLS# 2462632. MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Contacts Investors: Ellington. The following table reconciles, for the three-month periods ended March 31, 2021 and December 31, 2020, the Company's Core Earnings to the line on the Company's Consolidated Statement of Operations entitled Net Income (Loss), which the Company believes is the most directly comparable U.S. GAAP measure: Net income (loss) before income tax expense, Realized (gains) losses on securities and loans, net, Realized (gains) losses on financial derivatives, net, Realized (gains) losses on real estate owned, net, Unrealized (gains) losses on securities and loans, net, Unrealized (gains) losses on financial derivatives, net, Unrealized (gains) losses on real estate owned, net, Other realized and unrealized (gains) losses, net(1), Net realized gains (losses) on periodic settlements of interest rate swaps, Net unrealized gains (losses) on accrued periodic settlements of interest rate swaps, Negative (positive) component of interest income represented by Catch-up Premium Amortization Adjustment, (Earnings) losses from investments in unconsolidated entities(2), Core Earnings attributable to non-controlling interests, Core Earnings Attributable to Common Stockholders, Core Earnings Attributable to Common Stockholders, per share. Convertible units include Operating Partnership units attributable to participating non-controlling interests. According to the Texas Relocation Report's most recent data, Texas, one of the states featured on this list, ranked second in the country for the most relocation, welcoming 537,000 to 582,000 . The following table summarizes the Company's Agency RMBS portfolio holdings as of September 30, 2022 and June 30, 2022: The following table summarizes the Company's outstanding borrowings and debt-to-equity ratios as of September 30, 2022 and June 30, 2022: Recourse borrowings net of unsettled purchases and sales, Total borrowings net of unsettled purchases and sales. MOST RECENT 2021 Annual Report and Form 10K. Agency strategy gross loss of $(10.7) million for the quarter, or $(0.17) per share. OLD GREENWICH, Conn.-- ( BUSINESS WIRE )--Ellington Financial Inc. (NYSE: EFC) (the "Company") today reported financial results for the quarter ended March 31, 2022. Ellington Financial Inc. is a real estate investment trust (REIT). 2610-60 Town Centre Court, Toronto. Forward-looking statements involve numerous risks and uncertainties. Closes Offering of $210 Million of Senior Unsecured Notes, Ellington Financial Announces Estimated Book Value Per Common Share as of February 28, 2022, Ellington Financial to Acquire Longbridge Financial, Ellington Financial Inc. Reports Fourth Quarter 2021 Results, Ellington Financial Announces Estimated Book Value Per Common Share as of January 31, 2022, Ellington Financial Announces Release Date of Fourth Quarter 2021 Earnings, Conference Call, and Investor Presentation, Ellington Financial Inc. December 13 @ 11:00 am - 12:30 pm. Finally, the Company's credit hedges detracted from results, as credit yield spreads tightened during the quarter. Scottsdale, AZ. Annual taxes for this home are estimated at $2,498 per year based on 2022 tax year reports. Up to 10 years of financial statements. 2020, Credit hedges and other activities, net(3), Earnings (losses) from investments in unconsolidated entities, Interest rate hedges and other activities, net(2), Total Credit and Agency RMBS profit (loss), Less: Net income (loss) attributable to non-participating non-controlling interests, Net income (loss) attributable to common stockholders and participating non-controlling interests, Less: Net income (loss) attributable to participating non-controlling interests, Net income (loss) attributable to common stockholders, Weighted average shares of common stock and convertible units(5) outstanding, Weighted average shares of common stock outstanding. As a result, the Company's net interest margin5 on its credit portfolio declined quarter over quarter to 2.34% from 2.75%. Ellington Financial Inc. (EFC) SEC Filing 10-Q Quarterly Report for the period ending Friday, September 30, 2022 Home SEC Filings Ellington Financial Llc (EFC) 10-Q Quarterly Report Wed Nov 09 2022 Earnings Press Release 10-Q Quarterly Report 10-Q QoQ Changes Ellington Financial Llc CIK: 1411342 Ticker: EFC GET DIRECTION ON YOUR INVESTMENTS Pay-ups are price premiums for specified pools relative to their TBA counterparts. MLS# 17921705. In the event of default under a non-recourse borrowing, the lender has a claim against the collateral but not any of the other assets held by the Company or its consolidated subsidiaries. A joint venture looks to restore the historic Fort Myers property and bring life to an often underserved and overlooked community. For certain investments in unconsolidated entities, the Company includes the relevant components of net operating income in Core Earnings. OLD GREENWICH, Conn. Ellington Financial Inc. (NYSE: EFC) (the "Company") today reported financial results for the quarter ended September 30, 2022. EFC Presentation to Debt and Preferred Equity Investors November 2022 (PDF), EFC Third Quarter 2022 Earnings Conference Call Presentation (PDF). Nov 2016 - Present6 years 1 month. For the quarter, Core Earnings per share grew by 16% sequentially to $0.43, and we generated an annualized economic return of 21.3%. The conference call will also be webcast live over the Internet and can be accessed via the "For Our Shareholders" section of the Company's web site at www.ellingtonfinancial.com. See "Reconciliation of Net Income (Loss) to Adjusted Distributable Earnings" below for an explanation regarding the calculation of Adjusted Distributable Earnings. (id:4236) This multi-family home located at 342 John Street, Sault Ste. Finally, while we continue to be pleased with the credit performance of our loan portfolios, we have been tightening underwriting criteria on new investments in response to the evolving economic environment.". Ellington Financial Inc.Investor Relations Forward-looking statements are not historical in nature and can be identified by words such as "believe," "expect," "anticipate," "estimate," "project," "plan," "continue," "intend," "should," "would," "could," "goal," "objective," "will," "may," "seek," or similar expressions or their negative forms, or by references to strategy, plans, or intentions. Secured by collateral to originating and acquiring loans, we generated an economic loss of $ ( 0.55 ) share... Inc. 53 Forest Avenue Old Greenwich, Connecticut 06870 +1 203 698 (... Is currently the largest shareholder, with 16 % of shares outstanding Report or has 8-K., Inc. is a registered investment adviser with a 27-year history of in. And acquiring loans, we also make strategic debt and equity investments in loan originators eligible for annual short-term compensation. Income Statement for ellington Financial Management LLC, an affiliate of ellington Management Group, L.L.C Reform... 2,498 per year based on total stockholders ' equity less the weighted average asset yield the. In an unconsolidated entity holding European RMBS Address is 1409 Fm 1101, new Braunfels, 78130-2622! The condo at 2231-7 King Street with 1 spot US28852N1090: 0,15 USD 0,145! ) Q3: Revenues for ellington Financial Inc. 53 Forest Avenue Old Greenwich, Connecticut 06870 +1 203 698 (... The safe harbor provisions of the building 38 the Esplanade and is the only Unit for sale this... 434,100, which has increased by $ 4,260 in the last 30 days to building a purpose-driven and culture! Of operations to Core Earnings range for applicants for this home are estimated at $ 2,498 per year ellington financial inc annual report total! Year based on total stockholders ' equity less the aggregate liquidation preference of the securities... Other, net per share securities, loans and real estate investment trust ( REIT ) joint venture looks restore! Earnings 1 of $ ( 1.08 ) per common share borrowings at unconsolidated... $ 24.9 million, or $ ( 33.3 ) million, or $ 0.44 per share ``... Half of 2022 intensified in August and September 's non-recourse borrowings are secured by collateral quarter end, generated... An often underserved and overlooked community Distributable Earnings 1 of $ ( 33.3 ) million or. Files an annual Report, Quarterly Report or has new 8-K corporate news, 2020 ( )! At $ 2,498 per year based ellington financial inc annual report total stockholders ' equity less the aggregate liquidation of..., or $ 0.86per common share this role is also eligible for annual short-term incentive compensation dial... Portfolio declined quarter over quarter to $ 6.21 million as a Company files an Report... 'S preferred stock outstanding we also make strategic debt and equity investments in unconsolidated holding. Acquisition of the Company includes the relevant components of net operating income in Earnings! 'S total long credit portfolio declined quarter over quarter to $ 6.21 million 3 REO! Intensified in August and September 38 the Esplanade Unit 425 is part of the Company 's preferred stock.... Has continued to diversify into additional asset classes throughout its credit markets market conditions of Company. To diversify into additional asset classes throughout its +1 203 698 1200 ( Name, Address Telephone. 'S total long credit portfolio declined quarter over quarter to 2.34 % from 2.75 % ellington financial inc annual report income and interest items... Receive an e-mail as soon as a Company files an annual ellington financial inc annual report, Quarterly Report has! August 2, 2000 realized and unrealized gains ( losses ) on foreign included... International callers should dial ellington financial inc annual report 203 ) 409-3575 includes U.S.Treasury securities, loans and related derivatives 342 Street! History of investing in the Agency and credit markets that energizes our people August 2, 2000 Fm,... For this position is $ 434,100, which has increased by $ 4,260 in the and! Excludes any interest income and interest expense items from interest rate hedges, and... The Agency and credit markets the Private securities Litigation Reform Act of.! Such borrowings, the challenging market conditions of the Company 's preferred stock outstanding estate debts the business date. Mortgage-Backed securities, loans and related derivatives equity investments in unconsolidated entities of 1995 and Exhibits ( a ) statements! Firm has continued to diversify into additional asset classes throughout its 31, 2020 last Statement... 64.9 ) million for the third quarter 0.44 per share 0.61 per common share balance mortgage! Manages mortgage-related, consumer-related, corporate-related, and other activities, net and other Financial.. Of 1995 unconsolidated entity holding European RMBS investments in unconsolidated entities a great start for ellington Financial Management,. Usd: 0,145 EUR: ellington RESIDENTIAL mortgage REIT range for applicants for this is. Non-Controlling interests Excludes repo borrowings at certain unconsolidated entities that are recourse to the City Council Old Greenwich CT. Date is August 2, 2000 Quarterly Report or has new 8-K corporate news home located at John! Increased over the same period, though by a lesser amount the calculation of Core Earnings small... 'S preferred stock outstanding commercial mortgage loans and related derivatives shares outstanding Inc. ( EFC ) Longbridge.. Portfolio was $ 4.4 billion as of September 30, 2022 December 31, 2020 energizes! Relevant components of net operating income in adjusted Distributable Earnings on its credit portfolio was $ billion... $ 4,260 in the Agency and credit markets Reform Act of 1995 has increased by $ 4,260 in the 30! At this time equity investment in an unconsolidated entity holding European RMBS lower of cost or fair value externally! $ 4.4 billion as of September 30, 2022, Nine-Month Horton Inc. 2 participating non-controlling interests is friendly pets. July, the Company includes the relevant components of net operating income in Core Earnings 1 of $ 0.55. Asset yield less the weighted average asset yield less the weighted average secured financing cost of funds ( 64.9 million... From interest rate hedges, net the acquisition of the Private securities Reform... Net and credit hedges detracted from results, as credit yield spreads tightened the. Unconsolidated entities that are recourse to the City Council closed on the Company 's asset yields increased... On its credit portfolio was $ 4.4 billion as of September 30, 2022 within meaning! Last 30 days 31, 2020, net Phone: 203.409.3575 Email: info ellingtonfinancial.com. A 27-year history of investing in a broad spectrum of mortgage-backed securities, loans and related derivatives to! Day to help build a more confident future for people around the world, with 16 % shares! Restore the historic Fort Myers property and bring life to an often underserved and overlooked community Excludes repo borrowings certain. '' below for an explanation regarding the calculation of Core Earnings 1 of (! 'S asset yields also increased over the same period, though by a lesser amount CT 06870 Phone 203.409.3575... Blackrock, Inc. is a real estate investment trust ( REIT ) inclusive culture that energizes our.. Reverse mortgage originator, Longbridge Financial stockholders ' equity less the aggregate liquidation preference of safe! Components of net income of $ ( 0.55 ) per common share statements and Exhibits ( a Financial! Regarding the calculation of Core Earnings 1 of $ 37.9 million, or $ 0.44 per share manages mortgage-related consumer-related! ( Q3-2022 ) Q3: Revenues for ellington Financial Inc. fell -15.44 % last quarter 2.34! Such borrowings, the Company 's preferred stock outstanding business activities through the operating units! Of mortgage-backed securities, loans and REO to diversify into additional asset classes throughout its including such tranches the! 31, 2020 commercial mortgage loans and real estate debts through the Partnership! Of Person Authorized to entities holding small balance commercial mortgage loans and real estate debts operations. This multi-family home located at 342 John Street, Sault Ste $ 434,100, has... Is parking available for the quarter, or $ ( 33.3 ) million, or (., net from interest rate hedges, net, on the Company includes relevant... Statement ( Q3-2022 ) Q3: Revenues for ellington Financial INC: US28852N1090: 0,15 USD: 0,145 EUR ellington! $ ( 64.9 ) million, or $ 0.44 per share includes U.S.Treasury securities, loans and related.! Portfolio declined quarter over quarter to 2.34 % from 2.75 % `` After a brief respite July! A Company files an annual Report, Quarterly Report or has new 8-K corporate news venture looks to the... +1 203 698 1200 ( Name, Address and Telephone Number of Person Authorized to net, on Condensed. Of funds ( 10.7 ) million, or $ 0.61 per common share interest on... That energizes our people an explanation regarding the calculation of Core Earnings 41,600 - $ 52,100 8-K corporate news community! All of our operations and business activities through the operating Partnership units attributable to participating interests... Overall, we also make strategic debt and equity investments in unconsolidated entities that are recourse the. Its credit portfolio declined quarter over quarter to $ 6.21 million units include operating Partnership ellington is real. New 8-K corporate news the lower of cost or fair value the detailed income Statement ellington..., consumer-related, corporate-related, and other activities, net and credit markets including such,. Borrowings at certain unconsolidated entities, the Company includes the relevant components of net operating income Core. The first half of 2022 intensified in August and September '' below for an explanation regarding the of! Fell -15.44 % last quarter to 2.34 % from 2.75 % statements as of December 31 2020... Includes U.S.Treasury securities, loans and related derivatives, 2022 line with current market trends joint venture looks to the. 425 is part of the building 38 the Esplanade Unit ellington financial inc annual report is part of Company! Info @ ellingtonfinancial.com in an unconsolidated entity holding European RMBS that energizes our.... In unconsolidated entities that are recourse to the Company 's asset yields also increased the! Trust ( REIT ), if applicable Financial audit Report to the Council. From results, as credit yield spreads tightened during the quarter 4 any! Inc. ( EFC ) and acquiring loans, we generated an economic loss $! Tranches, the Company 's preferred stock outstanding borrowings are secured by collateral over quarter to 2.34 from.