德尼克斯投资 2026年季度报告

FORM 10-Q For the quarterly period ended March31, 2026 or Commission File Number: 001-09819 Securities registered pursuant to Section 12(b) of the Act:Title of each class Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and "emerging growth company" in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☐Emerging growth company☐ Large accelerated filer☒Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ On April 24, 2026, the registrant had 215,150,907 shares outstanding of common stock, $0.01 par value, which is the registrant’s only class ofcommon stock. DYNEX CAPITAL, INC.FORM 10-QINDEX ($s in thousands except per share data) DYNEX CAPITAL, INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(UNAUDITED)($s in thousands except per share data) Operating activities: DYNEX CAPITAL, INC.NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization Dynex Capital, Inc. (“Dynex” or the “Company”) is a real estate investment trust (“REIT”) structured to deliver dividends toshareholders supported by long term returns from investments in mortgage assets backed by U.S. housing and commercial real estate. TheCompany’s common stock and preferred stock trade on the New York Stock Exchange (“NYSE”) under the ticker symbols “DX” and“DXPRC”, respectively. The Company is internally managed and primarily earns income from investing in residential and commercial mortgage-backedsecurities (“RMBS” and “CMBS”, respectively), which are backed by residential and commercial mortgage loans, and which are Agencysecurities guaranteed by U.S. government-sponsored enterprises (“GSEs”). The Company may also invest in other mortgage-related assetsconsistent with its objectives. Dynex actively manages interest rate, prepayment, spread, liquidity, and counterparty risks. The Dynex approachemphasizes risk management and disciplined capital allocation designed to preserve book value and support dividends across market cycles. Basis of Presentation The accompanying unaudited consolidated financial statements of the Company and its subsidiaries (together, “Dynex” or, asappropriate, the “Company”) have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interimfinancial information and with the instructions to Form 10-Q and Article 10, Rule 10-01 of Regulation S-X promulgated by the Securities andExchange Commission (the “SEC”).Accordingly, they do not include all of the information and notes required by GAAP for complete financialstatements.In the opinion of management, all significant adjustments, consisting of normal recurring accruals, considered necessary for a fairstatement of results for the interim period have been included. All intercompany accounts and transactions have been eliminated inconsolidation. Operating results for the three months ended March31, 2026 are not necessarily indicative of the results that may be expectedfor any other interim periods or for the entire year ending December 31, 2026.The unaudited consolidated financial statements included hereinshould be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-Kfor the year ended December31, 2025 (the “2025 Form 10-K”) filed with the SEC. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affectthe reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements as wellas the reported amounts of revenue and expenses during the reported period.Actual results cou