SHARPE
Reported results
- GAAP net income (loss) of ($1.36) per average common share for Q3 2026
- Non-GAAP earnings available for distribution (EAD) of $0.80 per average common share for Q3 2026
- Book value per common share of $17.86 as of September 30, 2026
- GAAP leverage of 8.0x at quarter-end (up from 7.4x in prior quarter); non-GAAP economic leverage of 5.9x (up from 5.6x)
- Total portfolio of $106.5 billion, including $91.8 billion in Agency portfolio
- Declared quarterly common stock cash dividend of $0.75 per share
Notes
The company experienced significant mark-to-market losses in Q3 2026 due to challenging fixed income markets. EAD is a non-GAAP measure that excludes realized and unrealized gains/losses on investments and derivatives, premium amortization adjustments, and other non-cash items. The company redeemed all outstanding shares of Series I Preferred Stock ($442.5 million) on October 1, 2026, subsequent to quarter-end.
Price and volatility reaction
The stock moved -1.5% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 18.29 | 2026-10-20 |
| Close after release | 18.01 | 2026-10-21 |
| Realised move | -1.5% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-20 (8-K, Item 2.02). Read the original filing on sec.gov.