AAIC News and Press, Arlington Asset Investment Corp Class A (new) From 11/02/21

On 10/25/2021, AGNC reported results for the third quarter of 2021. AGNC reported comprehensive income of $218 million and a non-tangible BV as of 9/30/2021 of $17.41 per common share. In this article, I will discuss my previous account projections versus actual results. I will also d...

We're at the halfway point of another newsworthy real estate earnings season with roughly 75 REITs reporting third quarter results. We discuss the highlights and major developments thus far. Consistent with the trends seen across the broader equity market, REIT earnings have generally...

Like most publicly traded companies, the Q3 earnings results are underway. While mortgage REITs carry high dividend yields, investors need to look much deeper for analysis. ORC’s results were in line with expectations on book value. Earnings dipped a little and came in belo...

Real estate earnings season kicks off this week. We'll see results from more than 175 equity REITs, 40 mortgage REITs, and dozens of housing industry companies over the next month. REITs enter third-quarter earnings season as the second-best-performing asset class this year with total...

DX, PMT, and NRZ were highlighted in our latest portfolio update. These mortgage REITs are more attractive than most, but recent rallies prevent bullish ratings. DX had a more favorable price-to-book ratio than NLY or ARR. The long-term metrics provide additional support for that idea...

This series projects AGNC’s income statement for the third 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 minor increase in net spread income for the thir...

U.S. equity markets bounced back following the worst week since February as relief over a last-minute compromise to raise the debt ceiling offset disappointment over another weaker-than-expected employment report. After flirting with "correction territory" earlier in the week, the S&a...

We take a look at the action in preferreds and baby bonds through the last week of September and highlight some of the key themes we are watching. The exchange-traded preferred market finished lower for the third month in a row due to a combination of headwinds. A number of niche ...

Mortgage REIT preferred shares offer investors a combination of high yields and lower volatility. They can fit nicely into most portfolios and there are at least a handful trading around attractive valuations. Investors may want to look at CIM-A, DX-C, and NRZ-D. We have some ...

NRZ-D offers investors a very reasonable yield today with a solid floating spread after the rate resets in late 2026. We see NRZ-D being a more appealing share than the other preferred shares from NRZ, but the difference is pretty small. CIM-A is our other largest position. We exp...