10.81
+1.22%
Close of 9 Nov 2026, in USD
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About Dynex Capital
From its filings with the US Securities and Exchange Commission
Dynex Capital is based in Glen Allen, Virginia and is incorporated in Virginia. Its shares trade on NYSE under the ticker DX. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 December 2025, it reported net income of $319.1m. At that date it held total assets of $17.34bn and shareholders' equity of $2.46bn.
Dynex Capital, Inc. is a real estate investment trust (“REIT”) structured to deliver dividends to shareholders supported by long term returns from investments in mortgage assets backed by U.S. housing and commercial real estate. Our common and preferred stocks trade on the New York Stock Exchange (“NYSE”) under the ticker symbols “DX” and “DXPRC”, respectively.
We are internally managed and invest primarily in residential and commercial mortgage-backed securities (“RMBS” and “CMBS”, respectively), which are backed by residential and commercial mortgage loans, and which are Agency securities guaranteed by U.S. government-sponsored enterprises (“GSEs”). We may invest opportunistically in other mortgage-related assets consistent with our objectives. We actively manage interest rate, prepayment, spread, liquidity, and counterparty risks. The Dynex approach emphasizes risk management and disciplined capital allocation designed to preserve book value and support dividends across market cycles.
In allocating our capital and executing our strategy, we seek to balance the risks of owning specific types of investments with the earnings opportunity on the investment. Though the majority of our investment portfolio is currently in fixed-rate Agency RMBS, we may allocate capital from time to time to a variety of other investments, including adjustable-rate Agency RMBS, fixed-rate Agency CMBS, investment grade and unrated non-Agency RMBS and CMBS, Agency and non-Agency CMBS IO, and residual interests in securitized mortgage loans.
Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Mortgage Real Estate Investment Trusts (REITs)
- Listed since
- 10 Feb 1988
- Employees
- 28
- Website
- dynexcapital.com ↗
- Head office
- 140 EASTSHORE DRIVE, GLEN ALLEN, VA, 23059
- Incorporated in
- VA
- Classification
- Real Estate Investment Trusts
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Byron BostonChairman of the Board, Co-Chief Executive Officer, since 2008$7.2m
- Ms. Smriti PopenoeCo-Chief Executive Officer, President, Chief Investment Officer and Director, since 2014$6.2m
- Mr. Michael SartoriChief Financial Officer
- Ms. Meakin BennettChief Operating Officer
- Dr. Julia CoronadoLead Independent Director$275,823
- Ms. Marie ChandohaIndependent Director$66,422
- Mr. Alexander CrawfordIndependent Director$219,138
- Mr. Andrew GrayIndependent Director$221,393
- Ms. Joy PalmerIndependent Director$271,623
- Ms. Alison GriffinVice President - Investor Relations
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 51
- Environment
- 9
- Social
- 64
- Governance
- 81
- Women in the workforce
- 50%
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Dynex Capital Inc has demonstrated a strong financial position, with consistently positive cash flows and a well-managed balance sheet. This allows the company to make strategic investments and withstand market fluctuations with relative ease.
- The company's investment portfolio is well-diversified across various sectors and asset classes, reducing exposure to specific risks. This provides Dynex Capital Inc with a competitive advantage in terms of managing and mitigating investment risks.
Weaknesses
- Dynex Capital Inc is highly sensitive to changes in interest rates. Fluctuations in interest rates can have a significant impact on the company's profitability and net interest income, which may pose a challenge in maintaining consistent earnings.
- Being a player in the financial markets, Dynex Capital Inc is exposed to inherent market volatility. Sudden market disruptions or economic downturns can negatively affect the company's investment valuations and overall performance.
Opportunities
- With a growing economy and low interest rate environment, Dynex Capital Inc can capitalize on favorable market conditions to optimize its returns and expand its investment portfolio. This could lead to increased profitability and shareholder value.
- The company can explore strategic acquisitions and partnerships to diversify its business, gain access to complementary assets, or enter new markets. This can help Dynex Capital Inc enhance its competitive position and achieve long-term growth objectives.
Threats
- Dynex Capital Inc operates in a highly regulated industry, and any changes in regulations or non-compliance could result in penalties, reputational damage, or limitations on its operations. The company needs to stay updated and compliant with evolving regulatory requirements.
- Uncertain economic conditions, such as recessions or downturns, can impact the performance of Dynex Capital Inc. These conditions may lead to increased default rates, reduced demand for investment products, and decreased profitability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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