Name | Value |
---|---|
Revenues | 9.8M |
Cost of Revenue | 0.0M |
Gross Profit | 9.8M |
Operating Expense | 1.5M |
Operating I/L | 7.3M |
Other Income/Expense | -2.8M |
Interest Income | 12.6M |
Pretax | 4.5M |
Income Tax Expense | 1.1M |
Net Income/Loss | 3.4M |
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. As a REIT, Arlington Asset Investment Corp. is required to distribute at least 90% of its taxable income to shareholders in the form of dividends, making it an attractive investment for income-seeking investors.