Dynex Capital, Inc.
DXReal EstateNASDAQREIT - Mortgage
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Daily timeframeDynex Capital, Inc., a mortgage real estate investment trust, invests in residential and commercial mortgage-backed securities (MBS) in the United States. The $2.87B market capitalization puts DX squarely in mid-cap range for its industry. Agency MBS have a guaranty of principal payment by an agency of the U.S.
Market Cap
$2.87B
Beta
0.93
P/E (TTM)
6.38
P/E (Fwd)
8.52
EPS (TTM)
$2.09
EPS (Fwd)
$1.56
ROE
11.8%
ROA
1.5%
Cash
$773.8M
Total Debt
$21.06B
Free CF
—
52W Change
6.4%
Annual Financials
Cash vs Debt
Dynex Capital, Inc. carries $21.06B in total debt against $773.8M in cash reserves — debt is roughly 27.2x the cash position. Managing this leverage effectively will be important for long-term financial stability. ROE of 11.8% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 1.5% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $177.0M (2022) to $372.1M (2025), reflecting a 110% increase over the period.
The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Dynex Capital, Inc.'s trajectory.