Dynex (DX) Q3 2026 Earnings Call Transcript

Dynex (DX) reported detailed Q3 2026 results during an earnings call led by executives including Smriti Laxman Popenoe, Byron Boston and CFO Michael Sartori. The company said book value per common share fell to $10.91 as of Sept. 30, 2026, down from $12.90 at June 30, driven mainly by wider Agency mortgage-backed securities (MBS) spreads. Total economic return was -11.5% for the quarter, and comprehensive loss was $1.49 per common share versus comprehensive income of $0.80 in Q2. Dynex reported a $28.3 billion total investment portfolio, up 3% on $3.2 billion of Agency MBS purchases, and $384 million net capital raised, including $268 million via an at-the-market common offering and $116 million from a 9.375% Series D preferred offering.