For Q1 FY2026 (ended March 31, 2026), Dynex Capital reported a net loss of $80.4 million, a significant decline from the prior year. Diluted EPS was -$0.41, down 583% year-over-year. Cash and cash equivalents totaled $773.1 million as of quarter-end.
•Net loss of $80.4 million, a decrease of 2,513% year-over-year.
•Diluted EPS of -$0.41, down 583% from the prior year.
•Cash and cash equivalents of $773.1 million at quarter-end.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Dynex Capital, Inc., a mortgage real estate investment trust, invests in residential and commercial mortgage-backed securities (MBS) in the United States. Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity, such as Fannie Mae and Freddie Mac. Non-Agency MBS do not have a guaranty of principal or interest payments. The company has qualified as a real estate investment trust for federal income tax purposes.
It generally would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its shareholders. Incorporated in 1987, the company is headquartered in Glen Allen, Virginia.
Dynex Capital, Inc. is a mortgage real estate investment trust (mREIT) that invests primarily in residential and commercial mortgage-backed securities (MBS) in the United States. The company focuses on Agency MBS, which are guaranteed by U.S. government agencies or government-sponsored enterprises such as Fannie Mae and Freddie Mac, ensuring principal repayment. It also invests in Non-Agency MBS, which lack such guarantees. By holding these securities, Dynex Capital generates income from interest payments. The company has elected to be taxed as a real estate investment trust (REIT), meaning it must distribute at least 90% of its taxable income to shareholders to avoid federal income taxes. Its investment strategy aims to provide attractive risk-adjusted returns through a diversified portfolio of MBS.
Where is Dynex Capital listed and in which currency?
Dynex Capital, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol DX. Its shares trade in U.S. dollars (USD), reflecting its primary operations and headquarters in the United States. As a U.S.-based company, all financial reporting and dividends are denominated in USD. Investors trading on the NYSE can buy and sell DX shares in USD, making it accessible to both domestic and international investors who have access to U.S. markets. The company's listing on a major exchange like the NYSE provides liquidity and transparency for shareholders.
What sector and industry does Dynex Capital operate in?
Dynex Capital, Inc. operates in the Real Estate sector, specifically within the REIT - Mortgage industry. As a mortgage real estate investment trust (mREIT), it differs from equity REITs that own physical properties. Instead, Dynex Capital invests in mortgage-backed securities (MBS), which are debt instruments backed by pools of residential or commercial mortgages. The company's focus on Agency and Non-Agency MBS places it in the mortgage finance segment of the real estate market. This industry is sensitive to interest rate changes, prepayment rates, and credit conditions. By qualifying as a REIT, Dynex Capital passes through most of its taxable income to shareholders as dividends, making it a popular choice for income-focused investors.
Where is Dynex Capital headquartered and what markets does it serve?
Dynex Capital, Inc. is headquartered in Glen Allen, Virginia, United States. The company was incorporated in 1987 and has since focused exclusively on the U.S. mortgage market. It invests in residential and commercial mortgage-backed securities (MBS) issued within the United States, targeting both Agency MBS (guaranteed by entities like Fannie Mae and Freddie Mac) and Non-Agency MBS. By concentrating on the U.S. market, Dynex Capital benefits from the depth and liquidity of the American housing finance system. Its operations are entirely domestic, and it does not have international investments or offices abroad. The company's headquarters in Virginia serves as the central hub for its investment management and administrative functions.
How does Dynex Capital's business model work and how does it make money?
Dynex Capital, Inc. operates as a mortgage real estate investment trust (mREIT), generating income primarily from the net interest spread between the yields on its mortgage-backed securities (MBS) and the cost of financing those investments. The company borrows capital at short-term rates (often through repurchase agreements) and invests in longer-term MBS that offer higher yields. This leverage amplifies returns but also introduces risk. Dynex Capital focuses on Agency MBS, which carry government guarantees, reducing credit risk but exposing the company to interest rate and prepayment risk. Non-Agency MBS offer higher yields but involve credit risk. To maintain its REIT status, Dynex Capital must distribute at least 90% of its taxable income to shareholders as dividends, which is a key component of its business model. The company's profitability depends on managing its portfolio duration, leverage, and hedging strategies effectively.