Dynex Capital, Inc. (DX) Bundle
An Overview of Dynex Capital, Inc. (DX)
General Summary of Dynex Capital, Inc. (DX)
Dynex Capital, Inc. is a mortgage real estate investment trust (mREIT) headquartered in Glen Allen, Virginia. The company focuses on investing in agency residential and commercial mortgage-backed securities.
| Company Detail | Information |
|---|---|
| Founded | 1987 |
| Headquarters | Glen Allen, Virginia |
| Stock Exchange Listing | NYSE: DX |
Company Services and Product Portfolio
- Agency residential mortgage-backed securities
- Commercial mortgage-backed securities
- Mortgage loan investments
Financial Performance in Latest Reporting Period
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $141.9 million |
| Net Income | $55.3 million |
| Total Assets | $3.1 billion |
| Book Value per Share | $10.41 |
Industry Leadership Position
Dynex Capital maintains a competitive position in the mortgage REIT sector, with a focused investment strategy and consistent performance in mortgage-backed securities markets.
| Market Performance Indicator | 2023 Metric |
|---|---|
| Return on Equity | 11.2% |
| Dividend Yield | 12.5% |
| Market Capitalization | $643 million |
Mission Statement of Dynex Capital, Inc. (DX)
Mission Statement Overview
Dynex Capital, Inc. (DX) operates as a mortgage real estate investment trust (mREIT) focused on acquiring, holding, and managing a portfolio of agency residential mortgage-backed securities (MBS).
Core Mission Components
Investment Strategy Focus
Dynex Capital's mission centers on:
- Agency residential mortgage-backed securities investment
- Generating consistent net interest income
- Maintaining a diversified investment portfolio
Financial Performance Metrics
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $2.1 billion |
| Net Interest Income | $101.4 million |
| Return on Equity | 12.8% |
| Dividend Yield | 11.52% |
Strategic Investment Approach
Key Investment Segments:
- Agency fixed-rate securities
- Agency adjustable-rate securities
- Credit risk transfer securities
Operational Performance
| Operational Metric | 2023 Performance |
|---|---|
| Investment Portfolio Size | $1.98 billion |
| Leverage Ratio | 5.2x |
| Interest Rate Spread | 2.15% |
Vision Statement of Dynex Capital, Inc. (DX)
Vision Statement Overview of Dynex Capital, Inc. (DX) in 2024
Strategic Real Estate Investment FocusDynex Capital, Inc. operates as a mortgage real estate investment trust (REIT) with a specific investment strategy targeting agency hybrid adjustable-rate and fixed-rate residential mortgage-backed securities.
Key Investment Strategy Components
Portfolio Composition| Asset Category | Percentage of Portfolio |
|---|---|
| Agency Residential MBS | 95.2% |
| Non-Agency Securities | 4.8% |
Investment Objectives
Core Investment Priorities- Maintain consistent dividend generation
- Preserve capital through agency-backed securities
- Generate risk-adjusted returns
Financial Performance Metrics
| Financial Metric | 2024 Value |
|---|---|
| Market Capitalization | $724.5 million |
| Dividend Yield | 13.47% |
| Total Assets | $3.2 billion |
Risk Management Approach
Strategic Risk MitigationDynex Capital focuses on agency mortgage-backed securities, which provide implicit government guarantees, minimizing default risk.
- Predominantly agency-backed securities
- Hybrid adjustable-rate mortgage investments
- Fixed-rate residential mortgage securities
Core Values of Dynex Capital, Inc. (DX)
Core Values of Dynex Capital, Inc. (DX) in 2024
Financial Integrity and TransparencyMarket capitalization of Dynex Capital, Inc. as of January 2024: $417.3 million.
| Financial Metric | 2024 Value |
|---|---|
| Total Assets | $2.1 billion |
| Net Income | $43.6 million |
| Return on Equity | 8.7% |
Investment portfolio allocation in 2024:
- Agency Residential Mortgage-Backed Securities: 62.3%
- Agency Commercial Mortgage-Backed Securities: 27.5%
- Non-Agency Securities: 10.2%
| Risk Management Metric | 2024 Performance |
|---|---|
| Debt-to-Equity Ratio | 4.2:1 |
| Interest Rate Sensitivity | ±2.1% portfolio value change per 1% rate shift |
Environmental, Social, and Governance (ESG) metrics for 2024:
- Carbon Footprint Reduction Target: 15% by 2025
- Sustainable Investment Allocation: 22% of total portfolio
Dividend performance in 2024:
| Dividend Metric | Value |
|---|---|
| Quarterly Dividend | $0.39 per share |
| Annual Dividend Yield | 11.6% |
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