Dynex Capital(US:DX)2025-10-20 14:00Financial Performance - The company's portfolio fair value reached $158 billion as of September 30, 2025[14, 25] - The company's market capitalization is $18 billion[14] - The annualized dividend yield is 166%[14] - The book value per common share increased to $1267 in Q3 2025 from $1195 in Q2 2025[23] - The total economic return for Q3 2025 was 103% compared to (08)% in Q2 2025[23] - Comprehensive income was $120 per common share in Q3 2025, compared to $(011) in Q2 2025[23] Portfolio Composition - Approximately 93% of the portfolio is in Agency RMBS[13] - Agency RMBS and TBAs constitute 93% of the portfolio, with Agency CMBS at 6% and CMBS IO less than 1%[15] Macroeconomic Themes - The company is monitoring global power shifts, government policy, fiscal policy, Fed policy, system liquidity, and demographics & tech[32, 33, 34, 35, 36, 37]