EARN Profile
Ellington Residential Mortgage REIT is a real estate investment trust (REIT) focused on acquiring, investing in, and managing a diverse portfolio of residential mortgage and real estate-related assets. The company primarily invests in residential mortgage-backed securities (RMBS), which include both agency RMBSâ€such as agency pools and agency collateralized mortgage obligations (CMOs)â€and non-agency RMBS, encompassing non-agency CMOs across various credit qualities, including investment-grade and non-investment-grade securities.
In addition to RMBS, Ellington Residential Mortgage REIT actively manages a range of mortgage-related assets to optimize its investment returns. The company's strategy involves leveraging its expertise to navigate the complexities of the mortgage market and capitalize on opportunities in both agency and non-agency sectors. This comprehensive approach allows the REIT to effectively balance risk and return in its investment portfolio.
Ellington Residential Mortgage REIT has elected to be taxed as a REIT, which provides it with certain tax advantages. Specifically, the company is not subject to corporate income tax on the portion of its net income that is distributed to shareholders, thus aligning its interests with those of its investors and enhancing shareholder value.
Incorporated in 2012, Ellington Residential Mortgage REIT is headquartered in Old Greenwich, Connecticut. The company leverages its deep industry knowledge and strategic investment approach to manage its portfolio of residential mortgage assets effectively, aiming to deliver attractive returns to its shareholders while maintaining a disciplined investment strategy.
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