Name | Value |
---|---|
Revenues | 11.0M |
Cost of Revenue | -1.7M |
Gross Profit | 12.7M |
Operating Expense | 2.7M |
Operating I/L | 5.1M |
Other Income/Expense | 1.7M |
Interest Income | 12.7M |
Pretax | 6.3M |
Income Tax Expense | 1.4M |
Net Income/Loss | 4.9M |
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.