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 business model allows the company to generate revenue through interest income, capital gains, and dividends from its investment activities.