Name | Value |
---|---|
Revenues | 6,811.0K |
Cost of Revenue | 0.0K |
Gross Profit | 6,811.0K |
Operating Expense | 1,872.0K |
Operating I/L | 9,787.0K |
Other Income/Expense | -8,678.0K |
Interest Income | 8,763.0K |
Pretax | 1,109.0K |
Income Tax Expense | 802.0K |
Net Income/Loss | 307.0K |
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 its investments in residential mortgage-backed securities, mortgage servicing rights, and other financial assets. By electing to be taxed as a REIT, Arlington Asset Investment Corp. is able to avoid corporate income tax on its qualifying income, allowing it to distribute a significant portion of its earnings to shareholders in the form of dividends.