Dynex Capital (DX) Q2 2025 Earnings Call Transcript
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Dynex Capital (NYSE:DX) reported significant portfolio and market capitalization growth, achieving accretive capital raises and strategically scaling assets amid ongoing market volatility. The company increased leverage and grew its investment portfolio by over $3 billion while preserving ample liquidity and maintaining disciplined risk management during elevated funding stability. Management highlighted rising net interest income and reported that new investments in agency MBS are generating attractive, fully hedged ROEs, with dividends raised above pre-pandemic levels. Dynex continued a strategic emphasis on agency MBS -- with selective addition of agency CMBS -- while executing internal operational enhancements and maintaining a capital structure focused on issuing common equity at a premium to book value. Recent G expenses included identifiable, temporary compensation increases, and book value was reported as essentially unchanged after the dividend accrual.
Source Fool.com
