Company Profile
Updated: 11-JUN-09Capstead Mortgage Corp.
Public Company, Headquarters Location
8401 N Central Expy., Ste. 800, Dallas, TX 75225-4404, United States
(800)358-2323, (214)874-2323, (214)874-2398 fax, http://www.capstead.com
Primary SIC: Mortgage Bankers And Correspondents, Primary NAICS: Real Estate Credit
Description: Capstead Mortgage Corporation was formed in 1985 and is publicly traded on the New York Stock Exchange. Headquartered in Dallas, Texas, the company operates as a self-managed real estate investment trust (REIT). Capstead earns income from investing in a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored entities, either Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae. Agency-guaranteed mortgage securities carry an implied AAA rating with limited, if any, credit risk. Capstead typically finances its investments with borrowings under repurchase arrangements with commercial banks and other financial institutions supported by its long-term investment capital. During 2008, the company increased its long-term investment capital by 30 percent to 860 million dollars. As of December 31, 2008, residential mortgage investments totaled 7.46 billion dollars. Since the spring of 2000, Capstead periodically augmented its core investment strategy with investments in net-leased senior living centers as well as commercial mortgage securities and subordinated loans supported by interests in commercial real estate. In light of overall credit market conditions, management has concluded that it will not pursue additional investments in commercial real estate-related assets. More
|
Purchase this company profile - Only $29.95! Immediate online access. View Sample Profile |
What's Included?
News & Information
Divisions & Subsidiaries
and much more...*
Business Ranking
Add Executive Profiles - Just $15.00 more!
Add Executive Profiles to get the names, titles, employment history, board memberships, education, and more for key professionals who work at this company. (Powered by ZoomInfo)
* Information is provided when available. Some company profiles may not include all sections.
- Already a subscriber? Log in to view full profile
Finance: Mortgage banking firm and holding company., up ofcr2 title, oofcrs, '08 emp cnt, ver all otr per web 4/23/09 wrg5
Recent News Articles
- Capstead Mortgage Corporation Declares a $0.58 Per Share Second Quarter 2009 Common Dividend.
Business Wire - June 11, 2009 - Capstead Mortgage Corporation Announces First Quarter 2009 Earnings.(Financial report)
Investment Weekly News - May 23, 2009 - Capstead Mortgage Corporation Announces Current Board Member Jack Biegler to Succeed Paul M. Low as Chairman of the Board.
Investment Weekly News - May 23, 2009 - Capstead Mortgage Corporation Announces First Quarter 2009 Earnings.(Financial report)
Business Wire - April 30, 2009
Why Purchase This Company Profile?
- Sales prospecting
- Competitive analysis
- Vendor & supplier evaluation
- Customer evaluation and analysis
- Strategic planning