Eagle Point Income Q2 Performance Signals Strong Financial Health

Eagle Point Income Company Shows Strong Q2 Performance

Eagle Point Income Company (EIC) has reported a solid financial performance for the second quarter of 2024, continuing the positive momentum seen in the first quarter. The company experienced a quarter-over-quarter increase in gross portfolio cash flows and an uptick in net asset value (NAV), highlighting the strength of its balance sheet. Despite a slight decline in per-share cash flow due to the timing of security payments, the company’s recurring cash flows remained comfortably above its regular distributions and operating expenses. The NAV grew to $15.24 by June 30, marking a 1% increase from the end of the first quarter. Eagle Point Income Company’s common stock also saw a 15% increase in daily average trading volume compared to the previous quarter.