AGNC Investment Corp. ( (AGNC) ) has released its Q4 earnings. Here is a breakdown of the information AGNC Investment Corp. presented to its investors.
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AGNC Investment Corp., a leading investor in Agency residential mortgage-backed securities, primarily operates in the real estate investment trust (REIT) sector, known for leveraging Agency MBS assets to generate substantial monthly dividends.
AGNC Investment Corp. recently reported its fourth quarter 2024 financial results, highlighting a comprehensive loss per common share of $0.11, despite declaring dividends of $0.36 per share. The company also noted a decrease in tangible net book value per common share to $8.41, a 4.6% drop from the previous quarter.
Key financial metrics from the recent earnings report included a net spread and dollar roll income of $0.37 per common share and a $73.3 billion investment portfolio as of December 31, 2024. The portfolio primarily comprised $65.5 billion in Agency MBS, with a tangible net book value leverage of 7.2x. The company also issued 53.2 million shares, generating $511 million in net proceeds.
Despite the fourth quarter’s economic return of -0.6% on tangible common equity, AGNC concluded the year with a positive economic return of 13.2%. The company’s management expressed optimism for 2025, citing a favorable environment for Agency MBS and a strategic focus on maintaining strong liquidity and leveraging attractive return opportunities.
AGNC’s management remains optimistic about future prospects, emphasizing the company’s ability to generate substantial returns in stable MBS spread environments. They anticipate continued positive momentum in 2025, supported by a favorable investment landscape and strategic initiatives aimed at enhancing investor value.
