Dynex reports $0.81 economic return in Q2

• Dynex Capital reported second-quarter economic return of $0.81 per common share, equal to 6.4% of beginning book value.
• Dynex increased book value per share to $12.90 from $12.60 in the previous quarter.
• The mortgage REIT expanded its investment portfolio to $27.6 billion, driven by $2.8 billion in mortgage-backed securities purchases.

Dynex Capital (NYSE:DX) reported second-quarter economic return of $0.81 per common share and book value of $12.90 per share as of June 30, 2026.

The company’s book value per common share increased by $0.30 from $12.60 at the end of the first quarter, while dividends declared were $0.51 per share.

Dynex reported comprehensive income and net income of $0.80 per common share, with liquidity of $1.6 billion in cash and unpledged securities representing 51% of total equity.

The company’s investment portfolio reached $27.6 billion, including $26.1 billion in Agency residential mortgage-backed securities and $1.4 billion in Agency commercial mortgage-backed securities.

Meanwhile, Dynex reduced leverage including to-be-announced securities to 8.1 times shareholders’ equity from 8.6 times in the previous quarter and raised $391 million through its at-the-market equity programme.