Orchid Island Capital, Inc. ORC
Orchid Island Capital, Inc. functions as a specialized financial enterprise primarily focused on acquiring residential mortgage-backed securities (RMBS) across the United States. Specifically, the firm concentrates on "Agency RMBS," which are investment instruments guaranteed by single-family residential home loans. Its diverse portfolio of Agency RMBS includes conventional instruments like mortgage pass-through certificates and collateralized mortgage obligations. Additionally, the company holds structured Agency RMBS, such as interest-only securities, inverse interest-only securities, and principal-only securities. For federal tax purposes, Orchid Island Capital, Inc. is recognized as a real estate investment trust (REIT). The company was founded in 2010 and maintains its headquarters in Vero Beach, Florida.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-04-23) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-30 | 2026-06-09 | $0.10 | Monthly |
| 2026-05-29 | 2026-05-29 | 2026-06-29 | 2026-05-13 | $0.10 | Monthly |
| 2026-04-30 | 2026-04-30 | 2026-05-28 | 2026-04-15 | $0.10 | Monthly |
| 2026-03-31 | 2026-03-31 | 2026-04-29 | 2026-03-18 | $0.12 | Monthly |
| 2026-02-27 | 2026-02-27 | 2026-03-30 | 2026-02-11 | $0.12 | Monthly |
| 2026-01-30 | 2026-01-30 | 2026-02-26 | 2026-01-07 | $0.12 | Monthly |
| 2025-12-31 | 2025-12-31 | 2026-01-29 | 2025-12-09 | $0.12 | Monthly |
| 2025-11-28 | 2025-11-28 | 2025-12-30 | 2025-11-12 | $0.12 | Monthly |
| 2025-10-31 | 2025-10-31 | 2025-11-26 | 2025-10-15 | $0.12 | Monthly |
| 2025-09-30 | 2025-09-30 | 2025-10-30 | 2025-09-08 | $0.12 | Monthly |
| 2025-08-29 | 2025-08-29 | 2025-09-29 | 2025-08-13 | $0.12 | Monthly |
| 2025-07-31 | 2025-07-31 | 2025-08-28 | 2025-07-09 | $0.12 | Monthly |
| 2025-06-30 | 2025-06-30 | 2025-07-30 | 2025-06-10 | $0.12 | Monthly |
| 2025-05-30 | 2025-05-30 | 2025-06-27 | 2025-05-07 | $0.12 | Monthly |
| 2025-04-30 | 2025-04-30 | 2025-05-29 | 2025-04-09 | $0.12 | Monthly |
| 2025-03-31 | 2025-03-31 | 2025-04-29 | 2025-03-19 | $0.12 | Monthly |
| 2025-02-28 | 2025-02-28 | 2025-03-28 | 2025-02-12 | $0.12 | Monthly |
| 2025-01-31 | 2025-01-31 | 2025-02-27 | 2025-01-08 | $0.12 | Monthly |
| 2024-12-31 | 2024-12-31 | 2025-01-30 | 2024-12-10 | $0.12 | Monthly |
| 2024-11-29 | 2024-11-29 | 2024-12-30 | 2024-11-13 | $0.12 | Monthly |
| 2024-10-31 | 2024-10-31 | 2024-11-27 | 2024-10-16 | $0.12 | Monthly |
| 2024-09-30 | 2024-09-30 | 2024-10-30 | 2024-09-09 | $0.12 | Monthly |
| 2024-08-30 | 2024-08-30 | 2024-09-27 | 2024-08-14 | $0.12 | Monthly |
| 2024-07-31 | 2024-07-31 | 2024-08-29 | 2024-07-10 | $0.12 | Monthly |
Coverage (payout of operating cash flow): 127.82%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $179.51M | $159.03M | $0.00 | $464.76M | $120.45M |
| 2024 | $54.41M | $37.66M | $0.00 | $273.94M | $66.99M |
| 2023 | $-20.70M | $-39.23M | $0.00 | $162.69M | $8.00M |
| 2022 | $-241.00M | $-258.45M | $0.00 | $0.00 | $289.37M |
| 2021 | $-49.89M | $-64.76M | $0.00 | $-57.67M | $96.44M |
| 2020 | $12.67M | $2.13M | $0.00 | $0.00 | $55.37M |
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.