About Us

We Manage a Highly Liquid Portfolio of Mortgage-Backed Securities and Provide Investors with Consistent Dividends

Dynex is a publicly traded real estate investment trust (REIT) that generates shareholder returns by providing the capital required to finance real estate - we allow investors to invest in mortgage real estate assets without directly owning property. 

We make strategic investments in our people, processes, and technologies to ensure we are well-positioned to capitalize on both short and long-term opportunities.

Producing Top-Tier Investment Returns

Our owner-operated structure and high-performance culture have resulted in reliable returns that have consistently outperformed the S&P 500 Financials and the REM (iShares Mortgage RE ETF) since 2008.

Cumulative Total Shareholder Returns

Monthly Total Returns Dynex (DX) iShares Mortgage RE ETF (REM)
12-month total return (%) 13.7% -0.9%
3-year total return (%) 7.8% -17.6%
5-year total return (%) 29% -24.1%

Source: Bloomberg. Assumes dividends are reinvested in the respective security as of December 31, 2024.

A Portfolio Built for Flexibility

Our highly liquid portfolio of mortgage-backed securities allows us to take advantage of current opportunities in the housing market while preserving the flexibility to shift to other investment opportunities as they arise. The majority of our portfolio is invested in agency Residential Mortgage-Backed Securities (RMBS) which offer generationally attractive returns, with the highest credit quality and most liquid assets.

Portfolio Fair Value $8.9 Billion*

* Includes Agency RMBS TBA dollar roll positions at their implied market value which are accounted for as “derivative assets (liabilities)” on our consolidated balance sheet.

As of December 31, 2024

Our Dynamic Strategy Adjusts with Market Conditions

Our three strategic approaches – investment, financing, and hedging – have been proven successful due to our scenario analysis, preparation, and flexibility. We navigate uncertainty by remaining vigilant of the evolving economic and regulatory forces over various periods of time.

Learn More About Our Strategy

Over 40 Years of Leadership Experience

Each of our executives carry decades of finance and market experience that informs strategy.

Meet Our Executive Team Meet Our Board of Directors