Name | Value |
---|---|
Revenues | 58.1M |
Cost of Revenue | 0.0M |
Gross Profit | 58.1M |
Operating Expense | 8.4M |
Operating I/L | 68.7M |
Other Income/Expense | -32.2M |
Interest Income | 58.1M |
Pretax | 36.5M |
Income Tax Expense | 32.2M |
Net Income/Loss | 4.3M |
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.