Name | Value |
---|---|
Revenues | 82.4M |
Cost of Revenue | 2.9M |
Gross Profit | 79.5M |
Operating Expense | 1.9M |
Operating I/L | 45.9M |
Other Income/Expense | -59.4M |
Interest Income | 68.0M |
Pretax | -13.5M |
Income Tax Expense | -0.2M |
Net Income/Loss | -13.3M |
Invesco Mortgage Capital Inc. is a real estate investment trust (REIT) specializing in investing, financing, and managing mortgage-backed securities and other mortgage-related assets. The company focuses on residential and commercial mortgage-backed securities, credit risk transfer securities, residential and commercial mortgage loans, and other real estate-related financing arrangements. By electing to be taxed as a REIT and distributing at least 90% of its taxable income to stockholders, Invesco Mortgage Capital Inc. benefits from favorable tax treatment. This structure allows the company to generate income from interest and principal payments on its mortgage-backed securities and loans, providing returns to its investors.