Ellington Residential: 2Q Earnings Snapshot
OLD GREENWICH, Conn. (AP) _ Ellington Residential Mortgage REIT (EARN) on Thursday reported a second-quarter loss of $107,000, after reporting a profit in the same period a year earlier.
The Old Greenwich, Connecticut-based company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs, were 22 cents per share.
The residential mortgage real estate investment trust posted revenue of $2.5 million in the period.
Ellington Residential shares have climbed 11% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.31, a rise of 2% in the last 12 months.