Dynex Capital is an internally managed mortgage real estate investment trust, or mortgage REIT, which invests in residential and commercial mortgage-backed securities on a leveraged basis. The Company invests in Agency and non-Agency mortgage-backed securities consisting of residential MBS, commercial MBS and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity such as Fannie Mae and Freddie Mac. Non-Agency MBS have no such guaranty of payment. The Company's investments in non-Agency MBS are generally higher quality senior or mezzanine classes because they are typically more liquid and have less exposure to credit losses than lower-rated non-Agency MBS.

Type
Public
HQ
Glen Allen, US
Founded
1987
Size (employees)
18 (est)
Dynex Capital was founded in 1987 and is headquartered in Glen Allen, US
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Dynex Capital Office Locations

Dynex Capital has offices in Glen Allen and Richmond
Glen Allen, US (HQ)
100 4991 Lake Brook Dr
Richmond, US
520 300 Arboretum Pl
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Dynex Capital Financials and Metrics

Dynex Capital Financials

Dynex Capital's revenue was reported to be $127.13 m in FY, 2013
USD

Net income (FY, 2017)

33.9 m

EBIT (FY, 2017)

58.3 m

Market capitalization (20-Apr-2018)

321.8 m

Cash (31-Dec-2017)

40.9 m
Dynex Capital's current market capitalization is $321.8 m.
Annual
USDFY, 2013FY, 2016FY, 2017

Revenue

127.1 m

Sales and marketing expense

7.6 m8.5 m

Operating expense total

7.6 m8.5 m

EBIT

66.7 m58.3 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cost of goods sold

7.6 m6.6 m6.1 m5.4 m5.5 m5.9 m

Sales and marketing expense

2.6 m2.3 m2.4 m2.1 m2.4 m2.3 m2.2 m1.9 m1.7 m2.2 m2 m

Operating expense total

2.6 m2.3 m2.4 m2.1 m2.4 m2.3 m2.2 m1.9 m1.7 m2.2 m2 m

EBIT

20 m21.1 m19.9 m18.7 m19 m20.2 m18.8 m16.7 m15.1 m14.9 m16.1 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

69.3 m43.9 m33.9 m74.1 m40.9 m

Accounts Receivable

21.7 m21.2 m22.8 m2.1 m

Inventories

Total Assets

4.2 b3.7 b3.7 b3.4 b3.3 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

39.6 m61.2 m36.8 m56.6 m38.5 m56.5 m12.6 m82.9 m96.9 m73.4 m65.9 m100.9 m

Total Assets

4.3 b4.1 b4.1 b3.8 b4.1 b4.2 b3.9 b3.6 b3.5 b3.3 b3.3 b3.1 b

Long-term debt

108.1 m255 m263 m263 m263 m

Total Debt

108.1 m255 m263 m263 m263 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

68.1 m27.8 m16.5 m43.1 m33.9 m

Depreciation and Amortization

136.6 m

Inventories

Accounts Payable

(204 k)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

46.5 m(734 k)(6.7 m)24.1 m(9.5 m)21 m(16 m)(37.4 m)(40.7 m)(26 m)9.1 m1.6 m

Depreciation and Amortization

102.3 m34.8 m71.7 m

Accounts Payable

(462 k)(409 k)(1.6 m)

Cash From Operating Activities

158 m49.9 m105.5 m159.7 m51 m108.4 m162.5 m53.6 m106.2 m157.6 m47.1 m103 m
USDY, 2017

Financial Leverage

5.9 x
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