Ellington Financial Inc. EFC
Ellington Financial Inc., operating through its subsidiary, Ellington Financial Operating Partnership LLC, is an investment company primarily focused on acquiring and actively managing a broad range of financial assets within the United States. Its extensive portfolio encompasses various mortgage-related instruments, including residential mortgage-backed securities (RMBS) — both those guaranteed by U.S. government agencies and those backed by non-agency residential loans like prime jumbo, Alt-A, manufactured housing, and subprime mortgages — as well as direct residential and commercial mortgage loans and other commercial real estate debt. The company also invests in consumer loans and asset-backed securities underpinned by consumer and commercial assets. Beyond real estate and consumer finance, Ellington Financial holds corporate debt and equity securities, corporate loans, and collateralized loan obligations. Additionally, it engages with mortgage-related and non-mortgage-related derivatives and pursues other strategic investment opportunities. Founded in 2007, the company's headquarters are located in Old Greenwich, Connecticut.
This overview is background from company filings and may not reflect the latest quarter — the figures above are the current data, and the SEC filings are the primary source.
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / Adjusted Distributable Earnings / leverage are from the Q1 2026 earnings release (filed 2026-05-05) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model EFC yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $674.54M | $146.87M | $0.00 | $459.09M | $509.04M |
| 2024 | $282.19M | $145.86M | $0.00 | $0.00 | $-430.53M |
| 2023 | $256.50M | $84.08M | $0.00 | $0.00 | $-241.86M |
| 2022 | $43.15M | $-70.05M | $5.67M | $5.67M | $42.69M |
| 2021 | $216.80M | $133.46M | $0.00 | $193.02M | $51.29M |
| 2020 | $35.15M | $25.01M | $0.00 | $0.00 | $119.51M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-07-31 | 2026-07-31 | 2026-08-31 | 2026-07-08 | $0.13 | Monthly |
| 2026-06-30 | 2026-06-30 | 2026-07-31 | 2026-06-08 | $0.13 | Monthly |
| 2026-05-29 | 2026-05-29 | 2026-06-30 | 2026-05-07 | $0.13 | Monthly |
| 2026-04-30 | 2026-04-30 | 2026-05-29 | 2026-04-07 | $0.13 | Monthly |
| 2026-03-31 | 2026-03-31 | 2026-04-30 | 2026-03-09 | $0.13 | Monthly |
| 2026-02-27 | 2026-02-27 | 2026-03-31 | 2026-02-09 | $0.13 | Monthly |
| 2026-01-30 | 2026-01-30 | 2026-02-27 | 2026-01-08 | $0.13 | Monthly |
| 2025-12-31 | 2025-12-31 | 2026-01-30 | 2025-12-04 | $0.13 | Monthly |
| 2025-11-28 | 2025-11-28 | 2025-12-31 | 2025-11-10 | $0.13 | Monthly |
| 2025-10-31 | 2025-10-31 | 2025-11-28 | 2025-10-07 | $0.13 | Monthly |
| 2025-09-30 | 2025-09-30 | 2025-10-31 | 2025-09-08 | $0.13 | Monthly |
| 2025-08-29 | 2025-08-29 | 2025-09-30 | 2025-08-07 | $0.13 | Monthly |
| 2025-07-31 | 2025-07-31 | 2025-08-29 | 2025-07-08 | $0.13 | Monthly |
| 2025-06-30 | 2025-06-30 | 2025-07-31 | 2025-06-09 | $0.13 | Monthly |
| 2025-05-30 | 2025-05-30 | 2025-06-30 | 2025-05-07 | $0.13 | Monthly |
| 2025-04-30 | 2025-04-30 | 2025-05-27 | 2025-04-03 | $0.13 | Monthly |
| 2025-03-31 | 2025-03-31 | 2025-04-25 | 2025-03-07 | $0.13 | Monthly |
| 2025-02-28 | 2025-02-28 | 2025-03-25 | 2025-02-10 | $0.13 | Monthly |
| 2025-01-31 | 2025-01-31 | 2025-02-25 | 2025-01-08 | $0.13 | Monthly |
| 2024-12-31 | 2024-12-31 | 2025-01-27 | 2024-12-06 | $0.13 | Monthly |
| 2024-11-29 | 2024-11-29 | 2024-12-26 | 2024-11-07 | $0.13 | Monthly |
| 2024-10-31 | 2024-10-31 | 2024-11-25 | 2024-10-07 | $0.13 | Monthly |
| 2024-09-30 | 2024-09-30 | 2024-10-25 | 2024-09-09 | $0.13 | Monthly |
| 2024-08-30 | 2024-08-30 | 2024-09-25 | 2024-08-07 | $0.13 | Monthly |
Coverage (payout of operating cash flow): 30.47%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.