ZAIS Financial Corp. reported unaudited consolidated financial results for the first quarter ended March 31, 2013. ZAIS Financial reported GAAP net income for the quarter ended March 31, 2013 of $2.0 million, or $0.32 per diluted share. For the first quarter ended March 31, 2013, the Company reported Core Earnings of $0.8 million, or $0.13 per diluted share and OP unit. Core Earnings is a non-GAAP financial measure. The March 31, 2013 book value of $21.50 per share of common stock and OP unit in ZAIS Financial Partners, L.P., decreased from the December 31, 2012 book value per share and OP unit of $21.68 principally as a result of the issuance of 5,650,000 shares of common stock upon completion of the Company's IPO, partially offset by earnings for the quarter. The company earned interest income of $3.4 million for the three months ended March 31, 2013, as compared with $2.8 million of interest income for the three months ended March 31, 2012. The increase was due to an increase in the Company's average investment portfolio, partially offset by a decline in its average asset yield. Net interest income was $2,921,998 against $2,472,310 for the same period of last year. Net income available to common stockholders was $1,659,222 or $0.32 per diluted share against $6,229,736 or $2.06 per diluted share for the same period of last year. The company's Board of Directors has declared a cash dividend of $0.22 per share of the company's common stock and operating partnership units, payable on May 31, 2013, to stockholders and OP unit holders of record as of the close of business on May 24, 2013.

ZAIS Financial Corp. announced that they will report Q1, 2013 results Pre-Market on May 14, 2013

ZAIS Financial Corp., Q1 2013 Earnings Call, May 14, 2013