Name | Value |
---|---|
Revenues | 9.6M |
Cost of Revenue | 0.0M |
Gross Profit | 9.6M |
Operating Expense | 3.7M |
Operating I/L | 5.3M |
Other Income/Expense | -1.0M |
Interest Income | 14.7M |
Pretax | 4.3M |
Income Tax Expense | -0.0M |
Net Income/Loss | 4.4M |
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 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.