$Ellington Financial Inc.(EFC-B)$ reported net income attributable to common stockholders of $29.5 million, or $0.29 per common share, for the third quarter ended September 30, 2025. The investment portfolio contributed $46.9 million, or $0.46 per share, with $42.4 million from the credit strategy and $4.5 million from the Agency strategy. Longbridge contributed $8.6 million, or $0.09 per share. Adjusted Distributable Earnings were $54.2 million, or $0.53 per share. Book value per common share was $13.40, reflecting dividends of $0.39 per share for the quarter. The company's recourse debt-to-equity ratio was 1.8:1, and the total debt-to-equity ratio, including securitizations, was 8.6:1. Cash and cash equivalents totaled $184.8 million, with other unencumbered assets of $1.04 billion. During the quarter, Ellington Financial priced seven securitizations and $400 million in senior unsecured notes, and is preparing its inaugural securitization of residential transition loans.