Orchid Island Capital, Inc. (NYSE: ORC) has released its estimated first quarter 2024 results, monthly dividend for April 2024, and the characteristics of its RMBS portfolio as of March 31, 2024.
The estimated book value per share as of March 31, 2024, stands at $9.12, showing an increase from the $9.02 reported for the period ended December 31, 2023.
For the quarter ended March 31, 2024, the estimated GAAP net income is $0.38 per share, including an estimated $0.50 per share of net realized and unrealized gains on RMBS and derivative instruments. This compares to the total dividends declared during the quarter of $0.36 per share.
The estimated total return on equity for the quarter ended March 31, 2024, is 4.2%, with a total return of $0.38 per share, comprised of dividends per share of $0.36 and an increase in book value per share of $0.02 from December 31, 2023.
The company's RMBS portfolio characteristics as of March 31, 2024, are presented in detail, although specific figures have not been disclosed. These figures are preliminary and subject to change, subject to review by the company's independent registered public accounting firm.
As of March 31, 2024, Orchid Island Capital, Inc. had 52,826,169 shares of common stock outstanding, an increase from the 51,636,074 shares outstanding as of December 31, 2023.
Today the company's shares have moved 1.8% to a price of $8.42. Check out the company's full 8-K submission here.
