Ellington Credit Company Reports $7.87M Net Loss for Q1 2025, Reversing $3.96M Profit from Q1 2024

Reuters

06-24

Ellington Credit Company Reports $7.87M Net Loss for Q1 2025, Reversing $3.96M Profit from Q1 2024

Ellington Credit Company has reported its financial results for the fiscal year ending March 31, 2025. The company recorded a net loss of $7.87 million for the three-month period ending March 31, 2025, compared to a net income of $3.96 million in the same period of 2024. For the full year ended December 31, 2024, Ellington Credit Company reported a net income of $6.59 million, up from $4.56 million in the previous year. The company has undergone a strategic transformation to focus on corporate collateralized loan obligations (CLOs), moving away from its historical specialization in residential mortgage- and real estate-related assets. As part of this transformation, Ellington Credit Company revoked its election to be taxed as a REIT and is now operating as a taxable C-Corporation. This strategic shift marks a significant change in the company's investment strategy and tax structure, reflecting its new focus on CLOs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ellington Credit Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001560672-25-000074), on June 23, 2025, and is solely responsible for the information contained therein.

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The company recorded a net loss of $7.87 million for the three-month period ending March 31, 2025, compared to a net income of $3.96 million in the same period of 2024. For the full year ended December 31, 2024, Ellington Credit Company reported a net income of $6.59 million, up from $4.56 million in the previous year. The company has undergone a strategic transformation to focus on corporate collateralized loan obligations (CLOs), moving away from its historical specialization in residential mortgage- and real estate-related assets. As part of this transformation, Ellington Credit Company revoked its election to be taxed as a REIT and is now operating as a taxable C-Corporation. 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ID: 0001560672-25-000074), on June 23, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EARN","symbol_name":"Ellington Residential Mortgage REIT","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250623:nNDLbB05zl:1","article_id":"2545442264","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545442264","pubTimestamp":1750705337,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Ellington Credit Company has reported its financial results for the fiscal year ending March 31, 2025. 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For the full year ended December 31, 2024, Ellington Credit Company reported a net income of $6.59 million, up from $4.56 million in the previous year. The company has undergone a strategic transformation to focus on corporate collateralized loan obligations (CLOs), moving away from its historical specialization in residential mortgage- and real estate-related assets. As part of this transformation, Ellington Credit Company revoked its election to be taxed as a REIT and is now operating as a taxable C-Corporation. This strategic shift marks a significant change in the company's investment strategy and tax structure, reflecting its new focus on CLOs.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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