AGNC Investment Corp. ( (AGNC) ) has released its Q1 earnings. Here is a breakdown of the information AGNC Investment Corp. presented to its investors.
AGNC Investment Corp. is a prominent investor in Agency residential mortgage-backed securities, primarily operating in the real estate investment trust (REIT) sector. The company leverages its investments through repurchase agreements and employs risk management strategies to mitigate market risks.
In its first-quarter 2025 earnings report, AGNC Investment Corp. reported a comprehensive income of $0.12 per common share, with a net income of $0.02 per share and other comprehensive income of $0.10 per share. The company declared dividends of $0.36 per common share for the quarter.
Key financial highlights include a tangible net book value of $8.25 per common share, a decrease from the previous quarter, and a 2.4% economic return on tangible common equity. AGNC’s investment portfolio stood at $78.9 billion, with a significant portion in Agency MBS, and the company maintained a leverage ratio of 7.5x.
AGNC’s management noted the challenges posed by market volatility and widening Agency MBS spreads but highlighted the company’s strong liquidity position and conservative leverage as strengths. The company issued 49.7 million shares through ATM offerings, raising $509 million in net proceeds.
Looking ahead, AGNC remains optimistic about the return potential of Agency MBS in the current market environment, despite the modest decline in tangible book value. The company continues to focus on maintaining a robust liquidity position and managing leverage effectively.