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AGNC| Name | Value |
|---|---|
| Revenues | 575.0M |
| Cost of Revenue | 38.0M |
| Gross Profit | 537.0M |
| Operating Expense | 14.0M |
| Operating I/L | 841.0M |
| Other Income/Expense | -280.0M |
| Interest Income | 347.0M |
| Pretax | 561.0M |
| Income Tax Expense | -303.0M |
| Net Income/Loss | 864.0M |
AGNC Investment Corp. is a real estate investment trust (REIT) that invests in residential mortgage pass-through securities and collateralized mortgage obligations guaranteed by the US government. It funds its investments primarily through collateralized borrowings structured as repurchase agreements. By electing to be taxed as a REIT, the company avoids federal corporate income taxes, provided it distributes at least 90% of its taxable income to stockholders. AGNC Investment Corp. generates revenue through interest payments on its mortgage-backed securities and earns profits by leveraging its investments through repurchase agreements.
