Jul. 20 at 2:18 PM
$DX | Strong quarter for Dynex Capital.
Dynex delivered a 6.4% total economic return, with book value rising to
$12.90 per share from
$12.60 QoQ.
The portfolio grew 11% to
$27.6B after
$2.8B in Agency MBS purchases, while leverage improved and liquidity remained strong.
The focus now is whether management can continue balancing growth, yield, and risk control in the current rate environment.
I’m watching how the market values this improving balance sheet story. Follow for more earnings breakdowns and market insights.
