Name | Value |
---|---|
Revenues | 51.6M |
Cost of Revenue | 18.3M |
Gross Profit | 33.3M |
Operating Expense | 15.5M |
Operating I/L | 67.6M |
Other Income/Expense | -24.3M |
Interest Income | 30.5M |
Pretax | 43.3M |
Income Tax Expense | 24.3M |
Net Income/Loss | 19.0M |
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.