DX · Dynex Capital Inc
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Agency CMBS portfolio | $1.4B | Q2 2026 | — |
| Agency RMBS portfolio, including TBAs | $26.1B | Q2 2026 | — |
| Book value per common share | $12.9 | Q2 2026 | — |
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| Dividends declared per common share | $0.51 | Q2 2026 | — |
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| EAD per common share non-GAAP | $0.36 | Three Months Ended June 30, 2026 | — |
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| EAD to common shareholders non-GAAP | 80.68M | Three Months Ended June 30, 2026 | — |
| Economic net interest income non-GAAP | $94.33M | Q2 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Net interest income 93.78M
+542K Net periodic interest from interest rate swaps
= Economic net interest income 94.33M
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| Economic net interest spread non-GAAP | 1.17% | Three Months Ended June 30, 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Net interest spread 1.16%
+0.01% Net periodic interest as a percentage of average repurchase borrowings
= Economic net interest spread 1.17%
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| Liquidity | $1.6B | Q2 2026 | — |
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| Liquidity as a percent of total equity | 51% | Q2 2026 | — |
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| Net interest spread | 1.16% | Q2 2026 | — |
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| Net proceeds from ATM common equity issuance | $391M | Q2 2026 | — |
| Total economic return | $0.81 | Q2 2026 | — |
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| Total investment portfolio | $27.6B | Q2 2026 | — |
| Common shares outstanding | 207,154,465 | Q1 2026 | — |
| Effective yield on interest-earning assets | 4.97% | Q1 2026 | — |
| Investment purchases, net of sales | $6B | Q1 2026 | — |
| Agency CMBS purchases | 1.2B | Full year 2025 | — |
| Agency RMBS purchases | 8.2B | Full year 2025 | — |
| Average balance of interest-earning assets increase | 58% | Full year 2025 | — |
| Total capital raised | 1.2B | Full year 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Mortgage — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
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DX
this stock
Dynex Capital Inc
|
$3.19B | -7.9% | — | — | 5.7% |
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NLY
Annaly Capital Management Inc
|
$17.37B | +3.0% | — | — | 2.7% |
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AGNC
AGNC Investment Corp.
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$12.72B | +0.1% | — | — | 8.9% |
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STWD
Starwood Property Trust, Inc.
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$5.85B | -12.2% | -5.3% | — | 4.6% |
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RITM
Rithm Capital Corp.
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$5.63B | -7.5% | -6.7% | 16.8 | 5.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| DX | -0.9% | +1.6% | -3.8% | +1.6% | -7.9% |
| SPY | +0.5% | +3.0% | +13.4% | +3.0% | +12.8% |
| vs SPY | -1.4% | -1.4% | -17.2% | -1.4% | -20.7% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.