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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34,81669,02858,16635,35118,58556,117
Cash and cash equivalents34,81669,02858,16635,35118,58556,117
Total current assets:34,81669,02858,16635,35118,58556,117
Noncurrent Assets
Other undisclosed assets1,018,8161,529,4381,136,6451,453,7581,656,9811,830,970
TOTAL ASSETS:1,053,6321,598,4661,194,8111,489,1091,675,5661,887,087
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt842,4551,064,8351,015,2451,296,2721,481,5611,597,206
Total current liabilities:842,4551,064,8351,015,2451,296,2721,481,5611,597,206
Noncurrent Liabilities
Other undisclosed liabilities98,768379,40613,16431,99340,18397,178
Total liabilities:941,2231,444,2411,028,4091,328,2651,521,7441,694,384
Equity
Equity, attributable to parent112,409154,225166,402160,844153,822192,703
Common stock134131123124125134
Additional paid in capital240,940238,865229,614230,358230,888240,062
Accumulated deficit(128,665)(84,771)(63,335)(69,638)(77,191)(47,493)
Total equity:112,409154,225166,402160,844153,822192,703
TOTAL LIABILITIES AND EQUITY:1,053,6321,598,4661,194,8111,489,1091,675,5661,887,087

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues  32,18239,43746,12631,17646,516
Net investment income35,00628,36427,32043,84654,55349,190
Realized investment gains (losses)(73,682)3,81812,1172,280(23,377)(2,674)
Gross profit:  32,18239,43746,12631,17646,516
Operating expenses(5,128)(5,752)(5,826)(5,288)(5,508)(5,702)
Operating income (loss):(43,804)26,43033,61140,83825,66840,814
Interest and debt expense      
Income (loss) from continuing operations:(43,804)26,43033,61140,83825,66840,814
Income before gain (loss) on sale of properties:26,43033,61140,83825,66840,814
Net income (loss):(43,804)26,43033,61140,83825,66840,814
Other undisclosed net income (loss) attributable to parent13,606(32,739)(13,499)(18,582)(36,963)(30,026)
Net income (loss) available to common stockholders, diluted:(30,198)(6,309)20,11222,256(11,295)10,788

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(43,804)26,43033,61140,83825,66840,814
Comprehensive income (loss), net of tax, attributable to parent:(43,804)26,43033,61140,83825,66840,814

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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