- CEO
- Peter J. Federico
- Full Time Employees
- 54
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Address
- 7373 Wisconsin Avenue Bethesda MD United States of America 20814
- IPO Date
- Mar 6, 2019
- Business
- AGNC Investment Corp. is an internally managed real estate investment trust that provides private capital to the U.S. housing market by investing primarily in agency residential mortgage-backed securities on a leveraged basis; these investments include residential mortgage pass-through securities and collateralized mortgage obligations guaranteed by U.S. government-sponsored enterprises such as Fannie Mae and Freddie Mac or by a U.S. government agency such as Ginnie Mae; the company also invests in to-be-announced forward-settling securities, credit risk transfer securities, non-agency securities and other mortgage credit investments linked to housing, mortgage or real estate sectors. Founded in 2008 and headquartered in Bethesda, Maryland, AGNC operates exclusively in the United States with a portfolio that totaled $90.8 billion as of September 30, 2025, including $90.1 billion in agency MBS and TBA securities and $0.7 billion in credit risk transfer and non-agency securities. The company finances its portfolio primarily through repurchase agreements via its captive broker-dealer subsidiary Bethesda Securities, LLC, supplemented by TBA dollar rolls and interest rate swaps for hedging. In recent developments, AGNC issued 31.0 million shares of common stock through at-the-market offerings for net proceeds of $309 million and $345 million of 8.75% Series H fixed-rate preferred equity during the third quarter of 2025; it reported comprehensive income of $0.78 per common share, net spread and dollar roll income of $0.35 per common share and an economic return on tangible common equity of 10.6% for the same period, driven by favorable agency MBS performance; tangible net book value per common share rose 6.0% to $8.28 as of September 30, 2025, with leverage at 7.6 times tangible net book value at risk and unencumbered liquidity of $7.2 billion.