MITT - AGNC Investment's Q1 2021 Income Statement And Earnings Projection - Part 1 (Outperformance When Compared To Sub-Sector Peers)

• This series projects AGNC’s income statement for the first quarter of 2021. These projections help readers understand how some of the fixed-rate agency mREIT sector performed (valuable insight).
• I am projecting AGNC will report a notable increase in net spread income for the first quarter of 2021 versus the prior quarter. This is due to lower amortization expense.
• I am projecting AGNC will report a notable gain regarding the company’s derivative instruments and other securities for the first quarter of 2021.
• My projection for AGNC’s net income, net spread + dollar roll income, and EPS for the first quarter of 2021 is stated in the “Conclusions Drawn” section of the article.
• Similar to the prior quarter, AGNC should once again report another strong quarterly performance (especially when compared to sub-sector peers).

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