Orchid Island Capital Reports $5.21B Assets in 2024 10-K
Ticker: ORC · Form: 10-K · Filed: Feb 21, 2025 · CIK: 1518621
| Field | Detail |
|---|---|
| Company | Orchid Island Capital, Inc. (ORC) |
| Form Type | 10-K |
| Filed Date | Feb 21, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: real-estate, financials, futures, 10-k
Related Tickers: ORC
TL;DR
ORC 2024 10-K: $5.21B assets, $3.89B liabilities. Net worth $1.32B. Big T-Note futures exposure.
AI Summary
Orchid Island Capital, Inc. (ORC) filed its 2024 10-K, reporting total assets of $5.21 billion and total liabilities of $3.89 billion for the fiscal year ending December 31, 2024. The company's net worth was $1.32 billion. The filing also details significant positions in T-Note futures contracts, with 10-Year T-Note futures valued at $14.3 million and 5-Year T-Note futures at $458.5 million as of December 31, 2023.
Why It Matters
This filing provides a comprehensive overview of Orchid Island Capital's financial health and investment portfolio for 2024, crucial for investors assessing the company's stability and performance in the real estate investment trust sector.
Risk Assessment
Risk Level: medium — The company's significant leverage and exposure to interest rate sensitive assets like Agency RMBS and futures contracts present inherent risks.
Key Numbers
- $5.21B — Total Assets (As of December 31, 2024, indicating the company's overall size.)
- $3.89B — Total Liabilities (As of December 31, 2024, showing the extent of the company's obligations.)
- $1.32B — Net Worth (Calculated from assets and liabilities as of December 31, 2024, representing shareholder equity.)
- $0.6 million — Compensation Expense (Accrued related to share awards for both 2024 and 2023, indicating employee compensation costs.)
Key Players & Entities
- Orchid Island Capital, Inc. (company) — Filer of the 10-K
- ORC (company) — Ticker symbol for Orchid Island Capital, Inc.
- December 31, 2024 (date) — End of fiscal year for reported financial data
- $5.21 billion (dollar_amount) — Total assets reported
- $3.89 billion (dollar_amount) — Total liabilities reported
- $1.32 billion (dollar_amount) — Net worth reported
- 10-Year T-Note futures (financial_instrument) — Investment position detailed
- 5-Year T-Note futures (financial_instrument) — Investment position detailed
- $14.3 million (dollar_amount) — Value of 10-Year T-Note futures at Sep 30, 2024
- $458.5 million (dollar_amount) — Value of 5-Year T-Note futures at Dec 31, 2023
FAQ
What was Orchid Island Capital's net worth as of December 31, 2024?
Orchid Island Capital's net worth was $1.32 billion as of December 31, 2024.
What were the values of the 10-Year T-Note futures contracts at September 30, 2024?
The 10-Year T-Note futures contracts were valued at $14.3 million at September 30, 2024.
What was the compensation expense related to share awards for the year ended December 31, 2023?
The compensation expense accrued related to share awards was $0.6 million for the year ended December 31, 2023.
What is the SIC code for Orchid Island Capital, Inc.?
The Standard Industrial Classification (SIC) code for Orchid Island Capital, Inc. is 6798, which corresponds to Real Estate Investment Trusts.
What was the value of the 5-Year T-Note futures short position at December 31, 2023?
The contract value of the short position in 5-Year T-Note futures was $458.5 million at December 31, 2023.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on February 21, 2025 regarding Orchid Island Capital, Inc. (ORC).