Ellington Financial(US:EFC)2024-05-08 17:26Financial Performance - Net income attributable to common stockholders was $26915 thousand or $032 per share[6] - Adjusted Distributable Earnings was $237 million or $028 per share[30] - Book value per common share was $1369 after total dividends declared of $043 for the quarter[30] Portfolio Composition - Long credit portfolio was $280 billion, a 2% increase from the prior quarter[30] - Long Agency portfolio was $6626 million, a 22% decrease from the prior quarter[30] - Longbridge portfolio was $4410 million, a 20% decrease from the prior quarter, driven by the successful completion of an inaugural proprietary reverse mortgage loan securitization[30] Leverage and Capitalization - Recourse debt-to-equity ratio was 18:1, adjusted for unsettled purchases and sales[30] - Total debt-to-equity ratio was 83:1, including all non-recourse borrowings, which primarily consist of securitization-related liabilities[30] - Cash and cash equivalents of $1875 million, in addition to other unencumbered assets of $5445 million[30] Asset Allocation - Credit accounted for 82% of allocated equity, Agency 7%, and Longbridge 11%[41]