Name | Value |
---|---|
Revenues | 9.4M |
Cost of Revenue | -62.0M |
Gross Profit | 71.4M |
Operating Expense | 2.0M |
Operating I/L | -1.4M |
Other Income/Expense | 5.5M |
Interest Income | 71.4M |
Pretax | 4.1M |
Income Tax Expense | 3.1M |
Net Income/Loss | 4.1M |
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.