Company Quick10K Filing
Dynex Capital
10-Q 2020-03-31 Filed 2020-05-11
10-K 2019-12-31 Filed 2020-02-25
10-Q 2019-09-30 Filed 2019-11-05
10-Q 2019-06-30 Filed 2019-08-06
10-Q 2019-03-31 Filed 2019-05-03
10-K 2018-12-31 Filed 2019-02-27
10-Q 2018-09-30 Filed 2018-11-06
10-Q 2018-06-30 Filed 2018-08-07
10-Q 2018-03-31 Filed 2018-05-08
10-K 2017-12-31 Filed 2018-03-05
10-Q 2017-09-30 Filed 2017-11-03
10-Q 2017-06-30 Filed 2017-08-08
10-Q 2017-03-31 Filed 2017-05-10
10-K 2016-12-31 Filed 2017-03-15
10-Q 2016-09-30 Filed 2016-11-07
10-Q 2016-06-30 Filed 2016-08-05
10-Q 2016-03-31 Filed 2016-05-09
10-K 2015-12-31 Filed 2016-03-08
10-Q 2015-09-30 Filed 2015-11-05
10-Q 2015-06-30 Filed 2015-08-10
10-Q 2015-03-31 Filed 2015-05-11
10-K 2014-12-31 Filed 2015-03-12
10-Q 2014-09-30 Filed 2014-11-10
10-Q 2014-06-30 Filed 2014-08-11
10-Q 2014-03-31 Filed 2014-05-12
10-K 2013-12-31 Filed 2014-03-04
10-Q 2013-09-30 Filed 2013-11-12
10-Q 2013-06-30 Filed 2013-08-09
10-Q 2013-03-31 Filed 2013-05-10
10-K 2012-12-31 Filed 2013-03-08
10-Q 2012-09-30 Filed 2012-11-08
10-Q 2012-03-31 Filed 2012-05-10
10-K 2011-12-31 Filed 2012-03-02
10-Q 2011-09-30 Filed 2011-11-09
10-Q 2011-06-30 Filed 2011-08-05
10-Q 2011-03-31 Filed 2011-05-10
10-K 2010-12-31 Filed 2011-03-16
10-Q 2010-09-30 Filed 2010-11-09
10-Q 2010-06-30 Filed 2010-08-09
10-Q 2010-03-31 Filed 2010-05-10
10-K 2009-12-31 Filed 2010-03-08
8-K 2020-05-06 Earnings, Exhibits
8-K 2020-04-27 Officers, Exhibits
8-K 2020-04-15 Earnings, Regulation FD
8-K 2020-03-19 Amend Bylaw, Exhibits
8-K 2020-03-13 Regulation FD, Exhibits
8-K 2020-02-27 Officers
8-K 2020-02-13 Enter Agreement, Shareholder Rights, Amend Bylaw, Regulation FD, Exhibits
8-K 2020-02-06 Earnings, Exhibits
8-K 2019-11-13 Regulation FD, Exhibits
8-K 2019-10-31 Earnings, Exhibits
8-K 2019-07-31 Earnings, Exhibits
8-K 2019-06-20 Shareholder Rights, Amend Bylaw, Exhibits
8-K 2019-06-11 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-05-31 Enter Agreement, Exhibits
8-K 2019-05-10 Enter Agreement, Shareholder Vote, Exhibits
8-K 2019-05-01 Earnings, Exhibits
8-K 2019-02-07 Earnings, Exhibits
8-K 2019-01-28 Earnings, Other Events, Exhibits
8-K 2019-01-28 Enter Agreement, Other Events, Exhibits
8-K 2019-01-01 Officers, Amend Bylaw, Regulation FD, Exhibits
8-K 2018-12-11 Other Events, Exhibits
8-K 2018-10-31 Earnings, Exhibits
8-K 2018-09-04 Enter Agreement, Exhibits
8-K 2018-08-02 Earnings, Exhibits
8-K 2018-06-29 Enter Agreement, Leave Agreement, Exhibits
8-K 2018-05-15 Officers, Shareholder Vote, Exhibits
8-K 2018-05-02 Earnings, Exhibits
8-K 2018-03-12 Amend Bylaw, Exhibits
8-K 2018-02-21 Earnings, Exhibits

Dynex Capital Financials

DX Metrics, Comps, Filings

Quarterly | Annual

Business

We are an internally managed mortgage real estate investment trust, or mortgage REIT, which primarily invests in residential and commercial mortgage-backed securities ("MBS") on a leveraged basis. We finance our investments principally with borrowings under repurchase agreements. Our objective is to provide attractive risk-adjusted returns to our shareholders over the long term that are reflective of a leveraged, high quality fixed income portfolio with a focus on capital preservation. We seek to provide returns to our shareholders primarily through the payment of regular dividends and also potentially through capital appreciation of our investments.

Our common stock is traded on the New York Stock Exchange ("NYSE") under the symbol "DX". We have two series of preferred stock outstanding, our 8.50% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") which is traded on the NYSE under the symbol "DXPRA", and our 7.625% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock") which is traded on the NYSE under the symbol "DXPRB".

Our investments consist principally of Agency and non-Agency MBS including residential MBS ("RMBS"), commercial MBS ("CMBS") and CMBS interest-only ("IO") securities. Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity ("GSE") such as Fannie Mae and Freddie Mac. Non-Agency MBS are issued by non-governmental enterprises and do not have a guaranty of principal payment. CMBS IO securities in which we invest may be issued by a GSE or a non-governmental enterprise. We may also invest in debt securities issued by the United States Department of the Treasury ("the Treasury" and such securities, "U.S. Treasuries").


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Ares Commercial Real Estate (ACRE) 455 0% 28.7 2% 1,675 1,249 70 0 37 43 1,235
Pennsylvania REIT (PEI) 447 39% 6.1 -3% 2,334 1,872 248 98 -74 71 429
Jernigan Capital (JCAP) 440 0% 6.8 8% 776 187 43 0 60 69 474
Great Ajax (AJX) 430 4.7 2% 1,554 1,196 0 0 30 80 372
Global Medical REIT (GMRE) 413 0% 10.5 2% 812 441 65 0 16 43 447
Orchid Island Capital (ORC) 364 -7.8 -0% 4,253 3,861 0 0 -21 -21 162
Spirit Mta REIT (SMTA) 359 0% 37.2 -3% 2,013 2,037 168 0 -58 59 2,213
Dynex Capital (DX) 355 -2.2 -4% 5,487 4,903 0 0 -208 -100 216
MedEquities Realty Trust (MRT) 350 0% 17.7 1% 643 295 57 0 5 35 617
Anworth Mortgage Asset (ANH) 346 113.6 -3% 4,582 4,028 0 0 -121 6 691
Ashford Hospitality Trust (AHT) 329 29% 33.4 -2% 4,769 4,381 1,492 429 -85 121 4,033
Braemar Hotels & Resorts (BHR) 313 27% 45.9 -2% 1,767 1,263 465 128 -27 27 1,238
CBL & Associates Properties (CBL) 292 0% 24.5 -4% 4,770 3,959 796 0 -196 162 3,956
Drive Shack (DS) 282 70% -17.7 -7% 536 452 270 190 -40 -15 268
Transcontinental Realty Investors (TCI) 280 0% 2.9 15% 873 512 36 0 133 150 428
Bluerock Residential Growth REIT (BRG) 270 0% 14.2 1% 2,090 1,304 207 0 26 102 1,448
Cedar Realty Trust (CDR) 262 0% 4.0 1% 1,223 696 145 0 16 65 260
CIM Commercial Trust (CMCT) 257 0% 1.2 52% 660 262 163 0 346 380 463
Gladstone Land (LAND) 248 0% 34.6 -0% 757 504 35 0 -0 20 696
Plymouth Industrial REIT (PLYM) 245 0% 7.1 -1% 602 359 53 0 -8 29 208

Balance Sheet ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash341049425435564429406961375744675878518797857466101162878621811489143111139
Accounts Receivable
Inventory
PP&E
Assets2,6572,6342,5823,3493,7294,4054,2804,6284,7494,3204,2174,1444,1163,8143,6884,0764,1693,9283,6703,5843,4693,3443,3983,3403,0603,1433,3063,2063,0833,4483,8865,0355,8695,487
Accounts Payable
Long-Term Debt10684713213998887666
Liabilities2,2702,2642,2112,8263,2043,7873,6643,9954,1423,7393,6313,5453,5033,1993,0813,4703,5943,4003,1783,1002,9782,8492,9312,8472,5632,6192,7492,6622,5412,9013,3594,4305,2704,903
Stockholders' Equity387370371523525618617633607581
Income Statement ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A4443
Tax
Net Income14214163419202032-522-1-6314-930-3733-37-315699-71022441626-52-119-37
Cash Flow ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating2017243438534557565150565455515754545453515347565348425146404537
Cash Investing4729-697-432-65694-187-4703959760-1328195-187-3501631651719361-25734276-26-195-78188-326-1,007-640-33
Cash Financing-91-8666410599-126130399-440-118-118-67-316-163131311-261-198-175-132-136205-89-29797335-1071761,02156423