Orchid Island Capital Reports Q1 Net Loss, Negative ROE, Maintains Monthly Dividend
ORC sits 16% above its 52-week low of $6.19.
Summary
Orchid Island Capital announced preliminary Q1 2026 results with a net loss of $0.11 per share and a negative total return on equity, while maintaining its $0.10 monthly dividend.
Key Events · Earnings and Guidance · ORC
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Preliminary Q1 2026 Financial Results
The company reported an estimated GAAP net loss of $0.11 per share and a negative total return on equity of (1.3)% for the quarter ended March 31, 2026. This includes an estimated $0.37 per share of net realized and unrealized losses on RMBS and derivative instruments.
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Estimated Book Value
Estimated book value per share was $7.08 as of March 31, 2026, representing a decrease of $0.46 per share from December 31, 2025.
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Monthly Dividend Declared
The Board of Directors declared a monthly cash dividend of $0.10 per share for April 2026, payable on May 28, 2026, to holders of record on April 30, 2026.
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RMBS Portfolio Details Provided
The filing included detailed characteristics of its Residential Mortgage-Backed Securities (RMBS) portfolio as of March 31, 2026.
Analysis · ORC · Real Estate & Construction
Orchid Island Capital, a mortgage REIT, reported preliminary first-quarter 2026 results indicating a GAAP net loss of $0.11 per share and a negative total return on equity of (1.3)%. This contrasts with the company's strong financial rebound in 2025. Despite the loss, the company declared a monthly dividend of $0.10 per share, maintaining its payout to shareholders. Investors should monitor the final audited results and the company's ability to sustain its dividend in light of the reported losses.
At the time of this filing, ORC was trading at $7.17 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $6.19 to $8.40. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.