NYSE:ORCMortgage REITs
Did Orchid Island Capital’s (ORC) Q1 Loss After Years of Buybacks Just Recast Its Investment Story?
In the first quarter of 2026, Orchid Island Capital, Inc. reported a US$19.96 million net loss, or US$0.11 basic loss per share from continuing operations, compared with a net profit in the prior-year period, and confirmed it had completed its long-running share repurchase program with 6,257,826 shares bought back for US$84.80 million since 2015.
This shift from profit to loss, following years of buybacks that retired more than a quarter of the company’s shares, raises questions about how...