Ellington Residential Mortgage Net Assets
Ellington Residential Mortgage net assets. Based on the latest financial reports, Ellington Residential Mortgage (EARN) has net assets worth $320.10 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($386.93 Million) and total liabilities ($66.83 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore EARN shareholders equity momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $320.10 Million |
| % of Total Assets | 82.73% |
| Annual Growth Rate | 13.12% |
| 5-Year Change | -90.36% |
| 10-Year Change | 8.57% |
| Growth Volatility | 253.22 |
Net Assets of Ellington Residential Mortgage (2012–2025)
Net assets of Ellington Residential Mortgage from 2012 to 2025. This chart illustrates how Ellington Residential Mortgage's net assets have evolved over time, based on quarterly financial data. See EARN net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Ellington Residential Mortgage (2012–2025)
The table below shows the annual net assets of Ellington Residential Mortgage from 2012 to 2025. For live market cap and overall valuation, see market value of Ellington Residential Mortgage.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $153.82 Million | -20.60% |
| 2024-12-31 | $193.73 Million | +42.20% |
| 2023-12-31 | $136.24 Million | +21.20% |
| 2022-12-31 | $112.41 Million | -92.96% |
| 2021-12-31 | $1.60 Billion | +33.72% |
| 2020-12-31 | $1.19 Billion | -19.66% |
| 2019-12-31 | $1.49 Billion | +865.63% |
| 2018-12-31 | $153.82 Million | -20.18% |
| 2017-12-31 | $192.70 Million | +36.02% |
| 2016-12-31 | $141.68 Million | -2.19% |
| 2015-12-31 | $144.85 Million | -11.33% |
| 2014-12-31 | $163.37 Million | -2.28% |
| 2013-12-31 | $167.18 Million | +439.92% |
| 2012-12-31 | $30.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ellington Residential Mortgage's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 3822705400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Ellington Residential Mortgage Net Assets Breakdown (December 2025)
Ellington Residential Mortgage net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $153.82 Million | 100.00% |
| Other Components | $39.95 Million | 25.97% |
| Total Equity | $153.82 Million | 100.00% |
Ellington Residential Mortgage Competitors by Market Cap
The table below lists competitors of Ellington Residential Mortgage ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wendell Industrial Co. Ltd
TWO:6761
|
$123.28 Million |
|
B’IN Live Co Ltd
TW:6625
|
$123.29 Million |
|
Supreme Cable Manufacturing Corp
JK:SCCO
|
$123.35 Million |
|
Cavotec SA
ST:CCC
|
$123.43 Million |
|
Donpon Precision
TWO:3290
|
$123.21 Million |
|
Atlas Salt Inc
V:SALT
|
$123.19 Million |
|
Nykode Therapeutics ASA
OL:NYKD
|
$123.19 Million |
|
Adel Kalemcilik Ticaret ve Sanayi AS
IS:ADEL
|
$123.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ellington Residential Mortgage's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 193,726,000 to 153,822,000, a change of -39,904,000 (-20.6%).
- Net loss of 14,452,000 reduced equity.
- Dividend payments of 35,924,000 reduced retained earnings.
- Other factors increased equity by 10,472,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-14.45 Million | -9.4% |
| Dividends Paid | $35.92 Million | -23.35% |
| Other Changes | $10.47 Million | +6.81% |
| Total Change | $- | -20.60% |
Book Value vs Market Value Analysis
This analysis compares Ellington Residential Mortgage's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.80x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.97x to 0.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $3.39 | $3.28 | x |
| 2013-12-31 | $25.46 | $3.28 | x |
| 2014-12-31 | $17.87 | $3.28 | x |
| 2015-12-31 | $15.84 | $3.28 | x |
| 2016-12-31 | $15.53 | $3.28 | x |
| 2017-12-31 | $16.61 | $3.28 | x |
| 2018-12-31 | $12.01 | $3.28 | x |
| 2019-12-31 | $119.20 | $3.28 | x |
| 2020-12-31 | $96.60 | $3.28 | x |
| 2021-12-31 | $125.80 | $3.28 | x |
| 2022-12-31 | $8.54 | $3.28 | x |
| 2023-12-31 | $9.16 | $3.28 | x |
| 2024-12-31 | $7.13 | $3.28 | x |
| 2025-12-31 | $4.09 | $3.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ellington Residential Mortgage utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -9.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -33.95%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 2.52x
- Recent ROE (-9.40%) is below the historical average (-1.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -6.92% | -224.27% | 0.03x | 1.04x | $-5.24 Million |
| 2013 | -1.14% | -79.35% | 0.00x | 9.04x | $-18.63 Million |
| 2014 | 9.90% | 61.17% | 0.02x | 9.31x | $-168.50K |
| 2015 | 0.02% | 0.26% | 0.01x | 10.75x | $-14.46 Million |
| 2016 | 8.40% | 45.46% | 0.02x | 10.09x | $-2.26 Million |
| 2017 | 5.60% | 30.36% | 0.02x | 9.79x | $-8.48 Million |
| 2018 | -7.34% | 0.00% | 0.00x | 10.89x | $-26.68 Million |
| 2019 | 1.50% | 80.80% | 0.02x | 1.00x | $-126.28 Million |
| 2020 | 1.69% | 77.54% | 0.02x | 1.00x | $-99.22 Million |
| 2021 | -0.40% | 0.00% | 0.00x | 1.00x | $-165.87 Million |
| 2022 | -26.86% | -149.60% | 0.02x | 9.37x | $-41.44 Million |
| 2023 | 3.35% | 8.24% | 0.06x | 6.94x | $-9.06 Million |
| 2024 | 3.40% | 13.00% | 0.06x | 4.25x | $-12.79 Million |
| 2025 | -9.40% | -33.95% | 0.11x | 2.52x | $-29.83 Million |
Industry Comparison
This section compares Ellington Residential Mortgage's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $830,001,443
- Average return on equity (ROE) among peers: -224.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ellington Residential Mortgage (EARN) | $320.10 Million | -6.92% | 0.21x | $123.23 Million |
| Acadian Asset Management Inc (AAMI) | $165.90 Million | 93.73% | 5.11x | $3.22 Billion |
| AllianceBernstein Holding L.P. (AB) | $2.08 Billion | 12.72% | 0.00x | $3.10 Billion |
| Associated Capital Group Inc (AC) | $916.05 Million | -6.34% | 0.04x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $91.92 Million | 29.05% | 0.03x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $273.08 Million | 7.69% | 0.70x | $71.46 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $194.14 Million |
| Alpha Compute Corp (ALP) | $3.33 Million | -2263.11% | 1.34x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $17.85 Million | -32.96% | 4.15x | $239.77 Million |
| Amber International Holding Limited (AMBR) | $106.64 Million | -30.39% | 0.94x | $144.90 Million |
| Affiliated Managers Group, Inc. (AMG) | $4.64 Billion | 24.69% | 0.91x | $9.59 Billion |
About Ellington Residential Mortgage
Ellington Credit Company, a closed-end management investment company, focuses on generating current yields and risk-adjusted total returns by investing primarily in collateralized loan obligations. It invests in mezzanine debt and equity tranches. The company was formerly known as Ellington Residential Mortgage REIT and changed its name to Ellington Credit Company in April 2024. Ellington Credit … Read more