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8401 N. Central Expwy., Ste. 800 Dallas, TX 75225 TX Tel. 214-874-2323 Toll Free 800-358-2323 Fax 214-874-2398 |
Type: Public
On the web:
http://www.capstead.com
Employees:
16
Employee growth: 0.0%
Capstead Mortgage is holding steady in a turbulent real estate market. To stay the course, the self-managed real estate investment trust (REIT) makes leveraged investments in single-family residential adjustable-rate mortgages issued and backed by government agencies such as Fannie Mae, Freddie Mac, and Ginnie Mae; it occasionally makes limited investments in credit-sensitive commercial mortgage assets, as well. The REIT typically funds its investment activities through short-term borrowings or equity offerings. Its portfolio is worth approximately $8.5 billion.
Key numbers for fiscal year ending December, 2010:
Sales: $200.0M
One year growth: (36.4%)
Net income: $126.9M
Income growth: (1.8%)
Officers:
Chairman: Jack Biegler
President, CEO, and Director: Andrew F. Jacobs
EVP, CFO, and Secretary: Phillip A. Reinsch
Competitors:
Annaly Capital Management
MFA Financial
Redwood Trust
