Overview

• Eagle Point Q3 net income at $11 mln, no analyst estimates provided

• Company increased stock repurchase program to $60 mln, aiming to boost NAV per share

• Company announced full redemption of 7.75% Series B Term Preferred Stock

Outlook

• Company declares monthly distributions of $0.11 per share for Q1 2026

• Company to redeem all outstanding 7.75% Series B Term Preferred Stock by Dec 29, 2025

• Company aims to optimize capital structure and reduce financing costs

Result Drivers

• NAV INCREASE - Co reports NAV per share rose to $14.21, attributed to share repurchases and market undervaluation, per CEO Thomas P. Majewski

• CAPITAL OPTIMIZATION - Redemption of 7.75% Series B Term Preferred Stock to reduce financing costs following Fed rate cuts, per CEO Majewski

• PORTFOLIO MANAGEMENT - Focus on generating strong cash flows and net investment income to ensure risk-adjusted returns, per CEO Majewski

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the closed end funds peer group is "buy"

• Wall Street's median 12-month price target for Eagle Point Income Company Inc is $15.00, about 19.9% above its November 12 closing price of $12.02

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw50BLbGa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)