Company Information

  

Address: 1299 OCEAN AVENUE
SECOND FLOOR 
City: SANTA MONICA 
State: CA 
Zip Code: 90401 
Telephone: 310-255-4493 

Description of Business

Primary SIC Code: 6798
(As filed with the SEC)  

We were incorporated in Maryland on October 20, 1997 and commenced operations on March 17, 1998. Our principal business is to invest in, finance and manage a leveraged portfolio of residential mortgage-backed securities, or MBS, and residential mortgage loans which presently include the following types of investments: * Agency mortgage-backed securities, or Agency MBS, which include residential mortgage pass-through certificates and collateralized mortgage obligations, or CMOs, which are securities representing interests in pools of mortgage loans secured by residential property in which the principal and interest payments are guaranteed by a government-sponsored enterprise, or GSE, such as the Federal National Mortgage Association, or Fannie Mae, or the Federal Home Loan Mortgage Corporation, or Freddie Mac.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/20170.650.1509.25
03/20170.530.15010.47
12/20160.170.15030.41
09/20160.110.15044.73
06/2016-0.400.150N/E
03/2016-0.190.150N/E
12/20150.080.15054.38
09/2015-0.340.150N/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.02Total Liab/Total Assets0.88
Net Inc/Total Assets0.00Total Liab/Inv Cap0.88
Net Inc/Inv Cap0.00Total Liab/Comm Equity4.90
Pretax Inc/Net SalesNAInterest Coverage Ratio1.32
Net Inc/Net SalesNACurr Debt/EquityNA
Cash Flow/Net SalesNALTD/Equity0.11
SG&A/NetSalesNATotal Debt/Equity0.11
Asset Utilization   Liquidity  
Net Receivables TurnoverNAQuick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&ENA  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) NA NA NA NA
Cost of Goods Sold NA NA NA NA
Selling & Admin Exps 3.19 3.31 3.51 3.43
Operating Income -3.19 -3.31 -3.51 -3.43
Interest Exp 18.71 17.87 17.46 16.89
Pretax Income 10.10 15.40 15.82 28.29
Other Income 32.00 36.58 36.79 48.62
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 10.10 15.40 15.82 28.29

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 4,635.13 4,479.75 4,578.73 4,709.51
Receivables - Total 16.86 16.13 47.33 134.84
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 14.19 14.24 14.26 14.29
Total Assets 5,372.12 5,250.09 5,395.78 5,659.17
Liabilities        
Accounts Payable 30.03 27.43 29.37 169.42
Debt in Current Liabilities NA NA NA NA
Total Current Liabilities NA NA NA NA
Long-Term Debt 61.32 70.81 71.68 85.60
Total Liabilities 4,679.70 4,577.96 4,740.75 4,975.58
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 84.78 62.71 57.86 57.41
Common Stock 0.98 0.96 0.96 0.96
Retained Earnings -410.25 -403.70 -403.08 -402.88
Treasury Stock NA NA NA NA
Total Stockholders' Equity 677.62 648.21 631.10 659.66
Total Liabilities and Stockholders' Equity 5,357.32 5,226.17 5,371.85 5,635.24

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities 26.79 13.08 92.37 -62.37
Net Cash Provided by Investing Activities -213.99 179.95 -56.97 205.37
Net Cash Provided by Financing Activities 151.79 -172.02 -46.46 -146.95

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20120.00100.220.67
12/20130.0075.720.49
12/20140.0028.620.18
12/20150.0014.700.08
12/20160.0022.490.17
Growth RatesNaN-31.17-29.03

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1715855,78957.19




Report Date : 10/16/2017

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