OLD GREENWICH, Conn. (AP) — OLD GREENWICH, Conn. (AP) — Ellington Residential Mortgage REIT (EARN) on Monday reported fourth-quarter net income of $11.7 million, after reporting a loss in the same period a year earlier.
The Old Greenwich, Connecticut-based company said it had net income of 88 cents per share. Earnings, adjusted for non-recurring gains, came to 25 cents per share.
The residential mortgage real estate investment trust posted revenue of $2.5 million in the period.
For the year, the company reported that its loss widened to $30.2 million, or $2.29 per share. Revenue was reported as $20.2 million.
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