Orchid Island Capital, Inc. has announced its estimated fourth quarter 2024 results and its monthly dividend for January 2025. The company's estimated book value per share as of December 31, 2024, is $8.09, which is a significant increase from the previous quarter's book value of $7.78 per share. The estimated GAAP net income of $0.07 per share for the quarter ended December 31, 2024, includes an estimated $0.02 per share of net realized and unrealized gains on RMBS and derivative instruments.
The estimated total return on equity for the quarter ended December 31, 2024, was 0.6%, which is a decrease from the previous quarter's total return of 1.9%. The RMBS portfolio characteristics as of December 31, 2024, are presented in the press release but are not compared to the previous period.
The company's estimated net income per share and realized and unrealized gains on RMBS and derivative instruments have changed significantly from the previous quarter. The company generated net income per share of $0.07 for the quarter ended December 31, 2024, compared to $0.16 for the previous quarter. The total return on equity also decreased from $0.17 per share in the previous quarter to $0.05 per share in the current quarter.
The company's monthly dividend of $0.12 per share for January 2025 remains consistent with the previous quarter. The company has not established a minimum distribution payment level and is not assured of its ability to make distributions to stockholders in the future.
As of January 8, 2025, the company had 84,613,638 shares of common stock outstanding, which is an increase from the previous quarter's 82,622,464 shares. The company's estimated total stockholders' equity was approximately $668.5 million as of December 31, 2024, compared to $645.2 million as of September 30, 2024.
Following these announcements, the company's shares moved -0.5%, and are now trading at a price of $7.81. For the full picture, make sure to review Orchid Island Capital's 8-K report.
