Name | Value |
---|---|
Revenues | 13.6M |
Cost of Revenue | 0.0M |
Gross Profit | 13.6M |
Operating Expense | 1.1M |
Operating I/L | 4.8M |
Other Income/Expense | -11.2M |
Interest Income | 13.6M |
Pretax | -6.4M |
Income Tax Expense | 0.2M |
Net Income/Loss | -6.6M |
Arlington Asset Investment Corp. (NYSE: AAIC) is a real estate investment trust (REIT) that primarily invests in mortgage-related and other assets. The company generates revenue through investing in residential mortgage-backed securities, mortgage servicing rights, and other financial assets. By electing to be taxed as a REIT, the company aims to maximize returns for its shareholders through tax advantages. Arlington Asset Investment Corp. focuses on leveraging its expertise in the mortgage market to generate income and deliver value to its investors.