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DX-PC| Name | Value |
|---|---|
| Revenues | 38.8M |
| Cost of Revenue | 0.4M |
| Gross Profit | 38.4M |
| Operating Expense | 8.3M |
| Operating I/L | 30.1M |
| Other Income/Expense | 0.9M |
| Interest Income | 83.5M |
| Pretax | 31.0M |
| Income Tax Expense | 0.0M |
| Net Income/Loss | 31.0M |
Dynex Capital, Inc. is a mortgage real estate investment trust that invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. The company focuses on agency and non-agency MBS, including residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by a U.S. government agency or sponsored entity, while non-agency MBS lack this guarantee. By qualifying as a real estate investment trust, the company is generally exempt from federal income taxes if it distributes at least 90% of its taxable income to stockholders.
