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Real Estate Investment Trust

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Capstead REIT Earns $42.5m on ARM Portfolio 

Jul 31, 2009By

Dallas-based Capstead Mortgage Corporation [stock CMO][/stock] earned $42.5m in Q209 ($.058 per share) on mortgage-related securities, a slight improvement from Q109’s earnings of just over $42m. The real estate investment trust (REIT) said earnings improved on net interest margin increases in its portfolio of residential adjustable-rate mortgages (ARM) and securities guaranteed by Fannie Mae [stock FNM][/stock], Freddie Mac [stock FRE][/stock] or Ginnie Mae.