EIC Q2 2026: Realized Loss of $0.66/Share Drives NAV to $12.52, 19.6% Discount
EIC is trading near its 52-week low of $9.17 (8.2% above the low).
Summary
EIC's Q2 2026 update shows a $0.66 per share realized loss, driving total GAAP NII and realized loss to negative $0.29 per share, with NAV at $12.52 and the stock at a 19.6% discount.
Key Events · Earnings and Guidance · EIC
-
Q2 2026 Realized Loss
GAAP realized loss of $0.66 per share drove total GAAP NII and realized loss to negative $0.29 per share, versus positive $0.34 in Q1 2026.
-
NAV and Discount
Period-end NAV of $12.52 per share, with the stock at $10.07, a 19.6% discount to NAV.
-
Distribution Coverage
Common share distributions of $0.33 per share exceeded GAAP NII of $0.37 per share, raising questions about distribution sustainability.
-
Portfolio Yield Decline
Weighted average effective yield on the CLO portfolio fell to 9.71% from 9.95% in Q1 2026.
Analysis · EIC · Unknown
Eagle Point Income Company's Q2 2026 quarterly update reveals a GAAP realized loss of $0.66 per share, pushing total GAAP NII and realized loss to a negative $0.29 per share. This is a sharp deterioration from the $0.34 per share positive total in Q1 2026 and the $0.39 per share in Q2 2025. The realized loss, combined with a period-end NAV of $12.52, leaves the stock trading at a 19.6% discount to NAV. The company also paid $0.33 per share in distributions during the quarter, exceeding its net investment income of $0.37 per share, which may pressure the sustainability of the current distribution rate. The portfolio's weighted average effective yield declined to 9.71% from 9.95% in Q1 2026, reflecting a shift toward lower-yielding assets. These actual results confirm the deterioration hinted at in the July 13, 2026 estimates and the August 12, 2026 NAV update.
At the time of this filing, EIC was trading at $9.92 on NYSE in the Unknown sector, with a market capitalization of approximately $228.6M. The 52-week trading range was $9.17 to $13.92. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.