Ellington Credit Company reported financial results for the quarter ended September 30, 2025.
Highlights include a Net Asset Value (NAV) per share of $5.99 and GAAP net income of $4.3 million.
The CLO portfolio grew to $379.6 million, with a 15.5% weighted average GAAP yield for the quarter.
Net Asset Value
NAV per share was $5.99 including $0.24 per share distributions.
Net Income
GAAP net income was $4.3 million or $0.11 per share.
Investment Income
NII was $8.5 million, or $0.23 per share.
CLO Portfolio Growth
CLO portfolio reached $379.6 million, with $185.5 million in debt investments and $194.0 million in equity investments.
Trading Activity
92 distinct CLO trades were made during the quarter.
- The company's management commentary highlighted a positive performance in net investment income and dividend coverage.
- Active trading and strategic portfolio repositioning were key drivers of results, positioning the company for resilience and growth in changing market conditions.
Ellington Credit Company's strategic positioning and portfolio management strategies show promise for delivering strong total returns for shareholders in the future.