Ellington Residential Mortgage REIT (EARN) Financial Statements (2024 and earlier)

Company Profile

Business Address 53 FOREST AVENUE
OLD GREENWICH, CT 06870
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments38,53334,81669,02858,16635,35118,585
Cash and cash equivalents38,53334,81669,02858,16635,35118,585
Total current assets:38,53334,81669,02858,16635,35118,585
Noncurrent Assets
Other undisclosed assets907,1571,018,8161,529,4381,136,6451,453,7581,656,981
TOTAL ASSETS:945,6901,053,6321,598,4661,194,8111,489,1091,675,566
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt729,543842,4551,064,8351,015,2451,296,2721,481,561
Total current liabilities:729,543842,4551,064,8351,015,2451,296,2721,481,561
Noncurrent Liabilities
Other undisclosed liabilities79,90998,768379,40613,16431,99340,183
Total liabilities:809,452941,2231,444,2411,028,4091,328,2651,521,744
Equity
Equity, attributable to parent136,238112,409154,225166,402160,844153,822
Common stock186134131123124125
Additional paid in capital274,698240,940238,865229,614230,358230,888
Accumulated deficit(138,646)(128,665)(84,771)(63,335)(69,638)(77,191)
Total equity:136,238112,409154,225166,402160,844153,822
TOTAL LIABILITIES AND EQUITY:945,6901,053,6321,598,4661,194,8111,489,1091,675,566

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues  32,18239,43746,12631,176
Net investment income42,54935,00628,36427,32043,84654,553
Realized investment gains (losses)(58,103)(73,682)3,81812,1172,280(23,377)
Gross profit:  32,18239,43746,12631,176
Operating expenses(5,535)(5,128)(5,752)(5,826)(5,288)(5,508)
Other undisclosed operating income      
Operating income (loss):(21,089)(43,804)26,43033,61140,83825,668
Interest and debt expense(45,256)     
Income (loss) from continuing operations before equity method investments, income taxes:(66,345)(43,804)26,43033,61140,83825,668
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(66,345)(43,804)26,43033,61140,83825,668
Income tax expense      
Income (loss) from continuing operations:(66,345)(43,804)26,43033,61140,83825,668
Income before gain (loss) on sale of properties:26,43033,61140,83825,668
Net income (loss):(66,345)(43,804)26,43033,61140,83825,668
Other undisclosed net income (loss) attributable to parent70,90413,606(32,739)(13,499)(18,582)(36,963)
Net income (loss) available to common stockholders, diluted:4,559(30,198)(6,309)20,11222,256(11,295)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(66,345)(43,804)26,43033,61140,83825,668
Comprehensive income (loss), net of tax, attributable to parent:(66,345)(43,804)26,43033,61140,83825,668

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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