- Q3 GAAP core operating income of $31.1M or $1.35 per share vs. $30.5M and $1.32 in Q2. Dividend is $0.625.
- Book value per share of $20.75 down from $23.71 in Q2. Last night's close of $14.74 is a 29% discount to book. One quarter ago, the stock sold for a 21% discount, and two quarters ago a 6% discount. In response, the company now has a buyback program in place for up to 2M shares, or 8.7% of the float.
- Conference call at 9 ET
- Previously: Arlington Asset Investment beats by $0.02, beats on NII (Oct. 26)
- AI flat premarket
Arlington Asset trading at 29% discount; company launches buyback
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