Eagle Point Income reports Q4 EPS 54c, consensus 54c

Reports Q4 revenue $13.67M, consensus $13.54M. “Our fourth quarter performance capped off another excellent year for the Company. We continue to generate strong cash flows and generated a return on equity of 21.0% for 2024,” said Thomas P. Majewski, Chairman and Chief Executive Officer. “For the second consecutive quarter, we generated $0.08 per share in realized gains, harvesting gains from securities we purchased at a discount.” “Through prudent use of our ATM program, we captured $0.05 of NAV accretion during the quarter and saw our common stock’s quarterly average daily trading volume nearly tripled versus the fourth quarter of 2023,” added Mr. Majewski. “While interest rates have fallen since their peak last summer, we believe the Company is well positioned to continue generating compelling risk-adjusted returns over the longer term for our shareholders.” Reports Net asset value per common share of $14.99 as of December 31 compared to $14.90 as of September 30 . Net investment income or NII, and realized gains of 54c per weighted average common share This compares to 57c of NII and realized gains per weighted average common share for the quarter ended September 30 and 54c of NII less realized losses per weighted average common share for the quarter ended December 31, 2023.