Intrinsic Value. Securitization Reports. Dynex Capital, Inc. is an internally managed real estate investment trust, or REIT, which invests in mortgage assets on a leveraged basis. On a per common share basis, core net operating income increased $0.05 despite dilution from an increase in average common shares outstanding due to the issuance of 3.5 million common shares through ATM offerings during the second quarter. Dynex Capital Inc (DX) 10-K Annual Report March 2021 *The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. Dynex Capital, Inc. (DX) Earnings Report | Seeking Alpha Management will host a call today at 10:00 a.m. Eastern Time to discuss the results and business outlook. As a result, these non-GAAP measures should be considered as a supplement to, and not as a substitute for, the Company's GAAP results as reported on its consolidated statements of comprehensive income. General and Administrative Expenses General and administrative expenses increased $3.0 million for the year ended December 31, 2021 compared to the year ended December 31, 2020 due primarily to higher bonus accruals and expenses related to the ongoing implementation of a new investment accounting system as well as new trading and portfolio management systems as part of a large-scale project to streamline and enhance the Company's operating platform. Past Earnings Growth Analysis We are well positioned for the current environment with flexibility, substantial liquidity and the capacity to increase the earnings power of the portfolio. Financial Stability. Schedules reconciling core net operating income to common shareholders and adjusted net interest income to GAAP financial measures are provided further below. Dynex Capital Inc (DX) 10-K Annual Report March 2012 Intraday Data provided by FACTSET and subject to terms of use. Dynex Capital Past Performance - Simply Wall St Apr 15 Dynex Capital, Inc. to Report Q4, 2020 Results on Feb 04, 2021 Jan 22 Dynex Capital, Inc. to Report Q3, 2020 Results on Oct 28, 2020 Oct 08 Show all updates Earnings and Revenue History Quality Earnings: DX is currently unprofitable. For reporting periods during which the Company uses interest rate swaps to economically hedge the impact of changing interest rates on its borrowing costs from repurchase agreements, management also includes interest rate swap net periodic interest benefit/cost in adjusted net interest income because management considers such benefit/cost to represent either an offset to or an additional cost of financing in addition to GAAP interest expense. Currently, it is predominantly invested in Agency MBS. Log in to see them here or sign up to get started. To listen to the live conference call via telephone, please dial in at least 10 minutes before the call begins. DYNEX CAPITAL INC; DYNEX CAPITAL INC - Annual Reports and 10-K Forms. The Annual Meeting of Dynex Capital, Inc. (the "Company") will be held at The Place At Innsbrook located at 4036 Cox Road, Glen Allen, Virginia on Tuesday, June 14, 2005, at 9:00 a.m. Eastern Time, to consider and act upon the following matters: . Cost/ These factors may include, but are not limited to, volatility and disruption in national and international financial markets; adverse effects of the ongoing novel coronavirus (COVID-19) pandemic and any governmental or societal responses thereto, or other unusual and infrequently occurring events; ability to find suitable investment opportunities; changes in economic conditions, including an increased rate of inflation; changes in interest rates and interest rate spreads, including the repricing of interest-earning assets and interest-bearing liabilities; the Companys investment portfolio performance particularly as it relates to cash flow, prepayment rates and credit performance; the impact on markets and asset prices from changes in the Federal Reserves policies regarding purchases of Agency residential and Agency commercial mortgage-backed securities and U.S. Treasuries; actual or anticipated changes in Federal Reserve monetary policy or the monetary policy of other central banks; adverse reactions in U.S. financial markets related to actions of foreign central banks or the economic performance of foreign economies including in particular China, Japan, the European Union, and the United Kingdom; uncertainty concerning the long-term fiscal health and stability of the United States; the cost and availability of financing, including the future availability of financing due to changes to regulation of, and capital requirements imposed upon, financial institutions; the cost and availability of new equity capital; changes in the Companys use of leverage; changes to the Companys investment strategy, operating policies, dividend policy or asset allocations; the quality of performance of third-party servicer providers of the Companys loans and loans underlying securities owned by the Company; the level of defaults by borrowers on loans the Company has securitized or otherwise is invested through its ownership of MBS; changes in the Companys industry; increased competition; changes in government regulations affecting the Companys business and/or status as a real estate investment trust; changes or volatility in the repurchase agreement financing markets and other credit markets; changes to the market for interest rate swaps and other derivative instruments, including changes to margin requirements on derivative instruments; uncertainty regarding continued government support of the U.S. financial system and U.S. housing and real estate markets or reform of the U.S. housing finance system, including the resolution of the conservatorship of Fannie Mae and Freddie Mac; the composition of the Federal Reserve; systems failures or cybersecurity incidents; catastrophes affecting global markets; and exposure to current and future claims and litigation. The Company invests in Agency and non-Agency RMBS, CMBS, and CMBS IO. Dynex Capital, Inc. (NYSE: DX) announced today that the Company's Board of Directors has declared the dividend on shares of its 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: DXPRC) for the second quarter of 2023. Announces First Quarter 2022 Results, Consolidated Comprehensive Statements of Income, https://www.businesswire.com/news/home/20220427005381/en/, Comprehensive income of $0.65 per common share and net income of $3.14 per common share, Total economic return of $0.64 per common share, or 3.5% of beginning book value, comprised of dividends declared of $0.39 and an increase in book value per common share of $0.25 to $18.24 as of March 31, 2022, Earnings available for distribution ("EAD") to common shareholders, a non-GAAP measure, of $0.44 per common share, Net interest spread of 1.86% and adjusted net interest spread, a non-GAAP measure, of 2.08%, Leverage, inclusive of TBA dollar roll positions, increased to 6.1x shareholders' equity as of March 31, 2022, from 5.7x as of December 31, 2021, through the addition of $475.3 million, net of paydown, of Agency RMBS and TBA securities, Maintained hedge position throughout the quarter in anticipation of a higher interest rate environment. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Amount includes unrealized gains and losses from changes in fair value of derivatives and realized gains and losses on terminated derivatives and excludes TBA drop income. Inside Dynex Capital Inc's 10-K Annual Report: Financial - Expense Highlight. Dynex Capital, Inc. (NYSE: DX) reported its second quarter 2021 results today. Additional information about Dynex Capital, Inc., including its most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K, is available on the Company's website at www.dynexcapital.com. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. ITEM 1. BUSINESS COMPANY OVERVIEW Dynex Capital, Inc. commenced operations in 1988 and is an internally managed mortgage . A year ago in our annual report, the Company set forth its outlook for the near-term, focusing on critical areas for the Board and management as the Company continued to move forward in resolving certain challenges, evaluating strategic options, and enhancing shareholder value. We cant find the page you're looking for. Manager Portfolios. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. For example, these non-GAAP measures do not include the changes in fair value of investments or changes in fair value of and costs of terminating derivative instruments used by management to economically hedge the impact of changing interest rates on the fair value of the Company's portfolio and book value per common share. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, the Company. Something went wrong while loading Watchlist. Dynex Capital Inc (DX) 8-K Earnings Release - Oct 2022 - Last10K Partially offsetting these losses, the fair value of the Company's investments including TBA securities increased $58.2 million as a result of the decline in longer-term rates. All quotes delayed a minimum of 15 minutes. PART I. In addition to the Company's operating results presented in accordance with GAAP, this release includes certain non-GAAP financial measures including EAD to common shareholders (formerly, core net operating income to common shareholders) (including on a per common share basis), adjusted net interest income and the related metric adjusted net interest spread. Primarily in response to rising global inflation, yields during the first quarter and into the second quarter experienced the fastest and the largest percentage change since 1980, and in an attempt to control inflation, the Federal Reserve clearly signaled that the quantitative easing cycle was over and tightening would begin. Home. Implied Cost GLEN ALLEN, Va.--(BUSINESS WIRE)-- You can sign up for additional subscriptions at any time. This Foreign for Profit company is located at 4991 LAKE BROOK DRIVE, STE 100, GLEN ALLEN, VA, 23060, US and has been running for five years. ANNUAL REPORT DYNEX CAPITAL INC. . Internet Explorer presents a security risk. Manager Portfolios. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. https://www.businesswire.com/news/home/20220427005381/en/. As such, we have raised capital, maintained lower leverage, and methodically deployed capital at accretive levels throughout the year," stated Byron L. Boston, Chief Executive Officer. Adjusted net interest spread includes the impact from TBA drop income of 8 basis points and 0 basis points, respectively. Type a symbol or company name. GLEN ALLEN, Va.--Dynex Capital, Inc. (NYSE: DX) ("Dynex" or the "Company") announced today that the Company's Board of Directors declared a cash dividend of $0.13 per common share for October 2022. Financial Ratios. Historical and current end-of-day data provided by FACTSET. In addition to the non-GAAP reconciliation set forth below, which derives EAD to common shareholders from GAAP comprehensive income to common shareholders, EAD to common shareholders is alternatively determined by adjusting net interest income to include interest rate swap periodic interest benefit/cost (if any), drop income on TBA dollar roll transactions, G & A expenses, and preferred dividends. As such, we partially financed investments we purchased during 2021 with repurchase agreement borrowings, which increased $0.4 million, or approximately 17%, to $2.8 billion as of December 31, 2021 in conjunction with a portion of the proceeds received from common equity capital we raised during the year. Includes Ownership Percent, Buy versus Sell comparison, Put-Call ratio and more, Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports, Document And Entity Information Document And Entity Information, Consolidated Balance Sheets (Parenthetical), Consolidated Statements Of Comprehensive Income (Loss), Consolidated Statements Of Shareholders' Equity Statement, Derivatives - Derivative Information About Carrying Value By Type On The Balance Sheet Location (Details), Derivatives - Gain (Loss) On Derivative Instruments , Net (Details), Derivatives - Schedule Of Futures And Options (Details), Derivatives - Schedule Of Long Positions In Tba (Details), Derivatives Offsetting Liabilities (Details), Fair Value Of Financial Instruments (Details), Fair Value Of Financial Instruments (Tables), Fair Value Of Financial Instruments - Narrative (Details), Fair Value Of Financial Instruments Level 3 (Details), Mortgage-Backed Securities - Gross Unrealized Losses (Details), Mortgage-Backed Securities - Investment Type (Details), Mortgage-Backed Securities - Realize Gain (Loss) On Investments (Details), Mortgage-Backed Securities - Unrealized Gain (Loss) On Investments (Details), Net Income (Loss) Per Common Share (Details), Net Income (Loss) Per Common Share (Tables), Organization And Summary Of Significant Accounting Policies (Details), Organization And Summary Of Significant Accounting Policies (Notes), Organization And Summary Of Significant Accounting Policies (Policies), Organization And Summary Of Significant Accounting Policies (Tables), Repurchase Agreements - Narrative (Details), Repurchase Agreements - Offsetting (Details), Repurchase Agreements - Remaining Term To Maturity (Details), Shareholders' Equity - Narrative (Details), Shareholders' Equity And Share-Based Compensation (Notes), Shareholders' Equity And Share-Based Compensation (Tables), Shareholders' Equity And Share-Based Compensation - Schedule Of Remaining Unvested Awards (Details), Shareholders' Equity And Share-Based Compensation Share-Based Compensation (Details), Exhibit 23.1: Consents Of Experts And Counsel, Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification, Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification, https://last10k.com/sec-filings/dx/0000826675-23-000023.htm.