- CEO
- Peter J. Federico
- Full Time Employees
- 53
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Address
- 2 Bethesda Metro Center Bethesda MD United States of America 20814
- IPO Date
- Sep 27, 2019
- Business
- AGNC Investment Corp. is an internally managed real estate investment trust (REIT) specializing in providing private capital to the United States housing market. The company primarily invests in agency residential mortgage-backed securities (Agency RMBS), including residential mortgage pass-through securities, collateralized mortgage obligations (CMOs), and "to-be-announced" (TBA) securities. Its portfolio mainly consists of fixed-rate Agency MBS guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac, and the Government National Mortgage Association (Ginnie Mae). AGNC also invests in credit risk transfer (CRT) and non-agency mortgage credit investments. The company targets long-term stockholder returns with a substantial dividend yield by leveraging its expertise in asset selection, competitive funding advantages, and disciplined risk management. Founded in 2008 and headquartered in United States, AGNC supports American homeownership by enhancing liquidity in the residential real estate mortgage markets.
Recent major company developments include organizational changes such as the resignation of board member Morris A. Davis in 2025 and revised executive compensation for key leadership. In 2024, AGNC leveraged its investment portfolio totaling $73.3 billion, issuing approximately $511 million in common stock through its ATM program. Despite a slight miss in earnings per share in Q4 2024, the company exceeded revenue forecasts and maintained consistent monthly dividend payments of $0.12 per share early in 2025. The company strategically shifted its asset portfolio composition and hedge mix during 2024, resulting in a 13.2% economic return for the year, outperforming its Agency mortgage REIT peers. AGNC holds an optimistic outlook for agency mortgage-backed securities in 2025, continuing its active portfolio management and capital management approach while focusing on stable, attractive returns for shareholders.
AGNC operates primarily within the mortgage real estate investment segment across the United States, serving institutional investors and market participants seeking exposure to agency residential mortgage-backed securities. Its strategic focus combines high-quality government-guaranteed mortgage assets with disciplined leverage and risk management to optimize returns. The company's subsidiaries include AGNC Mortgage Management, LLC, which is involved in asset management and strategic execution. AGNC's consistent dividend history and robust financial management underscore its position as a leading mortgage REIT in the U.S. housing finance market.