Discontinued — last reported Q3 '24
Corporate and Other — Operating Expenses
Ellington Financial Inc. Corporate and Other — Operating Expenses increased by 6.3% to $11.55M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 11.5%, from $10.36M to $11.55M. Over 2 years (FY 2021 to FY 2023), Corporate and Other — Operating Expenses shows an upward trend with a 26.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase may indicate rising administrative overhead or strategic investments in corporate infrastructure, while a decrease suggests improved cost management or reduced corporate-level activity.
Detailed definition
This metric represents the aggregate costs incurred by the corporate headquarters and administrative functions that are...
Peer comparison
Peers in the specialty finance and REIT sectors typically report these as 'General and Administrative' or 'Corporate Overhead' expenses, which are often benchmarked as a percentage of total assets under management or total revenue.
efc_segment_corporate_and_other_operating_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$10.95M | -$10.95M | -$10.95M | $11.82M | $7.79M | $7.34M | -$58.70M | $8.95M | $12.95M | $10.36M | $37.35M | $11.41M | $10.86M | $11.55M |
| QoQ Change | — | +0.0% | +0.0% | +207.9% | -34.1% | -5.7% | -899.5% | +115.2% | +44.7% | -20.0% | +260.5% | -69.4% | -4.8% | +6.3% |
| YoY Change | — | — | — | — | +171.1% | +167.1% | -436.1% | -24.2% | +66.3% | +41.1% | +163.6% | +27.5% | -16.1% | +11.5% |
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Frequently Asked Questions
- What is Ellington Financial Inc.'s corporate and other — operating expenses?
- Ellington Financial Inc. (EFC) reported corporate and other — operating expenses of $11.55M in Q3 2024.
- How has Ellington Financial Inc.'s corporate and other — operating expenses changed year-over-year?
- Ellington Financial Inc.'s corporate and other — operating expenses increased by 11.5% year-over-year, from $10.36M to $11.55M.
- What is the long-term trend for Ellington Financial Inc.'s corporate and other — operating expenses?
- Over 2 years (2021 to 2023), Ellington Financial Inc.'s corporate and other — operating expenses has grown at a 26.1% compound annual growth rate (CAGR), from -$43.80M to $69.62M.
- What does corporate and other — operating expenses mean?
- The total administrative and overhead costs associated with running the company's corporate headquarters and non-investment business activities.