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Ellington Credit delivered an 8.1% economic return in Q2 2026, with NAV rising to $4.18 per share from $4.09 and total NAV reaching $159.7 million. GAAP net income was $0.33 per share, while adjusted net investment income was $0.15 per share.
The company expanded its CLO portfolio to $334.1 million after purchasing $64.8 million and selling $35.1 million of investments. Management shifted toward longer-tenor CLO equity and higher-coupon, wider-spread mezzanine debt while reducing leverage and credit hedges.
Management reported continued momentum in July, including a roughly 3.1% economic return and adjusted NII of approximately $0.06 per share. It expects adjusted NII to reach the low-$0.20 range over the next few quarters and said the portfolio could grow another 5% to 10%.
Ellington Credit (NYSE:EARN) reported an 8.1% economic return for the quarter ended June 30, 2026, as the company expanded and repositioned its collateralized loan obligation portfolio following market volatility earlier in the year.
#Share #million #adjusted #Portfolio
Ellington Credit delivered an 8.1% economic return in Q2 2026, with NAV rising to $4.18 per share from $4.09 and total NAV reaching $159.7 million. GAAP net income was $0.33 per share, while adjusted net investment income was $0.15 per share.
The company expanded its CLO portfolio to $334.1 million after purchasing $64.8 million and selling $35.1 million of investments. Management shifted toward longer-tenor CLO equity and higher-coupon, wider-spread mezzanine debt while reducing leverage and credit hedges.
Management reported continued momentum in July, including a roughly 3.1% economic return and adjusted NII of approximately $0.06 per share. It expects adjusted NII to reach the low-$0.20 range over the next few quarters and said the portfolio could grow another 5% to 10%.
Ellington Credit (NYSE:EARN) reported an 8.1% economic return for the quarter ended June 30, 2026, as the company expanded and repositioned its collateralized loan obligation portfolio following market volatility earlier in the year.
#Share #million #adjusted #Portfolio
3 months ago
