Ellington Financial Inc. EFC Real Estate Owned Acquired Through Foreclosure Fair Value

During the three-month period ended June 30, 2026, the Company sold 62 REO properties, realizing a net gain (loss) of approximately $(7.1) million. During the three-month period ended June 30, 2025, the Company sold 53 REO properties, realizing a net gain (loss) of approximately $(1.4) million. During the six-month period ended June 30, 2026, the Company sold 109 REO properties, realizing a net gain (loss) of approximately $(10.2) million. During the six-month period ended June 30, 2025, the Company sold 83 REO properties, realizing a net gain (loss) of approximately $(2.3) million. Such realized gains (losses) are included in Realized gains (losses) on real estate owned, net, on the Company's Consolidated Statement of Operations. As of both June 30, 2026 and December 31, 2025, the Company's REO had primarily been obtained as a result of obtaining physical possession through foreclosure. Of the Company's total REO holdings, $55.5 million and $41.7 million were measured at fair value on a non-recurring basis as of June 30, 2026 and December 31, 2025, respectively.