Orchid Island Capital: 3 Key Takeaways for Long-Term Investors

Orchid Island Capital (ORC), a residential mortgage REIT, reported a Q3 2026 net loss of $0.90 per share with book value declining to $6.02. Management highlighted attractive mortgage asset yields despite market volatility, aggressive share repurchases at deep discounts to book value (below 80%), and confidence that current earnings support the dividend. The company plans to maintain portfolio size while managing interest rate hedging and leverage.