Dynex Capital, Inc. (NYSE: DX) reported its third‑quarter 2025 financial results on 2025‑10‑20, posting a net income of $150.4 million (US$1.09 per common share) and a net interest income of $30.6 million. The company’s book value per share rose $0.72 to $12.67, and it declared a dividend of $0.51 per share, reflecting a robust earnings performance and a strong balance‑sheet position.
The quarter saw a 30.6 million increase in net interest income, driven by higher‑yielding Agency MBS purchases and stable financing costs. Dynex also raised $256.3 million through its at‑the‑market equity program, adding to its liquidity and supporting portfolio expansion. The company’s total assets grew to $14.16 billion, up from $11.31 billion at the end of the prior year, while leverage increased to 8.3× from 7.4×, underscoring its disciplined capital deployment strategy.
Management highlighted that the company anticipates further improvement in financing rates in the fourth quarter, following a 25‑basis‑point Fed rate cut in September 2025. It also noted that the portfolio’s net interest spread widened, and that the capital raise will enable continued opportunistic deployment of assets in the Agency MBS market. These developments reinforce Dynex’s position as a leading mortgage‑REIT with a clear focus on generating sustainable, high‑quality returns for shareholders.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.