Orchid Island Capital Announces First Quarter 2024 Results

VERO BEACH, Fla.--(BUSINESS WIRE)--Orchid Island Capital, Inc. (NYSE:ORC) ("Orchid” or the "Company"), a real estate investment trust ("REIT"), today announced results of operations for the three month period ended March 31, 2024. First Quarter 2024 Results Net income of $19.8 million, or $0.38 per common share, which consists of: Net interest expense of $2.5 million, or $0.05 per common share Total expenses of $3.7 million, or $0.07 per common share Net realized and unrealized gains of $26.0 m