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Arlington Asset Investment Corporation (AI)

- NYSE
  • Oct. 27, 2014, 9:11 PM
    • Q3 core operating income of $28.7M or $1.36 per share vs. $24.4M and $1.22 in Q2. Dividend of $0.875.
    • Private-label MBS portfolio has fair value of $292.8M, or 75.2% of face value. Average cost as a percent of face value of 53.5%. The quarterly unlevered cash yield as a percent of average amortized cost of 8.6%. CPR is 12.2% vs. 11.3% in Q2.
    • Book value per share of $30.43 vs. $31.51 at end of Q2. Today's close of $27.06 is an 11% discount to book.
    • CEO J. Rock Tonkel: "Our results reflect the positive financial dynamic taking place in the Company through the redeployment of appreciated capital in the private-label MBS portfolio to higher return opportunities, paired with a reduction in the ratio of cash expenses to investable capital."
    • AI +0.85% AH.
    | 1 Comment
  • Oct. 27, 2014, 5:25 PM
    • Arlington Asset Investment (NYSE:AI): Q3 EPS of $1.36 beats by $0.21.
    • Revenue of $30.3M (+46.5% Y/Y) beats by $1.34M.
    • Press Release
    | 2 Comments
  • Jul. 30, 2014, 7:49 AM
    • Core operating income of $24.4M or $1.22 per share. Dividend of $0.875. Proceeds from the March capital raise were fully deployed by mid-May and boosted results, as did continued gains in AI's private-label MBS portfolio.
    • Private-label portfolio fair market value of $314.1B is 74.1% of face value. The quarterly cash yield as a percent of fair market value is 3.6% and the quarterly unlevered yield as a percent of amortized cost is 10.4%. The CPR is 11.3%.
    • Book value per share of $31.51u p from $33.10 at the start of the year.
    • Previously: Arlington Asset Investment beats by $0.16, beats on revenue
    • Shares +2.5% premarket
    | 2 Comments
  • Jul. 29, 2014, 5:27 PM
    • Arlington Asset Investment (NYSE:AI): Q2 EPS of $1.22 beats by $0.16.
    • Revenue of $35.29M (+68.7% Y/Y) beats by $9.44M.
    • Press Release
    | 6 Comments
  • Apr. 29, 2014, 7:34 AM
    • Core operating income of $20.1M or $1.18 per share. Net interest income of $21.6M vs. $16.7M one year ago. CPR of 6%. Leverage of about 3:1. Dividend was $0.875 per share. Book value per share of $31.50 vs. $33.10 one year ago.
    • Agency MBS portfolio of $1.9B face value. All are fixed-rate 30-year mortgages with average coupon of 4.06%, weighted average cost of 106.82, weighted average market price of 104.38, and weighted average cost of repo funding of 34 basis points. Thus far in April, company has purchased another $500M in face value of additional MBS.
    • Private-label MBS portfolio of $458.6M in face value, and fair value of $329.8M (71.9% of face). Unlevered yield as a percent of amortized cost is 10.2%.
    • AI +1.8% premarket
    • Source: Press Release
    • Previously: Arlington Asset Investment beats by $0.25
    | Comment!
  • Apr. 28, 2014, 7:05 PM
    • Arlington Asset Investment (AI): Q1 EPS of $1.18 beats by $0.25.
    • Press Release
    | 2 Comments
  • Feb. 4, 2014, 7:53 AM
    • Non-GAAP core operating income of $16.4M of $0.97 per share compares to $1.03 in Q3 and quarterly payout of $0.88.
    • Non-agency portfolio of $485.9M in face value compares to $1.5B in face value for agency portfolio. Company leverage is about 3:1.
    • Agency portfolio CPR  of 6.27%, non-agency at 14.2%.
    • After strongly outperforming the mREIT sector in 2013 thanks to its agency portfolio being fully hedged while the non-agency holdings improved along with the economy and the housing market, Arlington (AI) has struggled in 2014 - the fall in rates doesn't help the hedged agency paper, and the slowing economy bodes ill for the non-agency. The stock was off 4.7% yesterday.
    • Press release, Q4 results
    • CC at 9 ET
    | 2 Comments
  • Feb. 4, 2014, 12:28 AM
    | 1 Comment
  • Oct. 29, 2013, 8:00 AM
    • Book value per share of $31.77 is off from $32.44 at end of Q2, and compares to last night's close of $25.21.
    • Agency MBS portfolio of $1.6B fair value is all 30-year fixed-rate. Non-agency MBS portfolio size has fair value of $344.1M. CPR on agency portfolio is 9.85%.
    • Q3 results, press release.
    • AI unchanged premarket.
    | Comment!
  • Oct. 29, 2013, 5:45 AM
    • Arlington Asset Investment (AI): Q3 EPS of $1.03 beats by $0.01. (PR)
    | Comment!
  • Jul. 29, 2013, 6:46 PM
    • Arlington Asset Investment (AI): Q2 EPS of $1.12 beats by $0.04. (PR)
    | 3 Comments
  • Apr. 30, 2013, 7:09 AM
    More on Arlington Asset Management (AI) Q1 earnings: Agency MBS portfolio (all 30-year fixed) fair value of $1.6B with weighted average coupon of 4.08%. Non-agency MBS portfolio fair value of $275.9M with weighted average coupon of 4.2%, unlevered cash yield of 10.8%. 90-day CPR on agency portfolio of 8.64%. Conference call at 9 ET. (PR)
    | Comment!
  • Apr. 30, 2013, 4:54 AM
    Arlington Asset Investment (AI): Q1 EPS of $1.04 beats by $0.03. (PR)
    | Comment!
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Company Description
Arlington Asset Investment Corp., is an investment firm that acquires & holds mortgage-related and other assets. The Company's portfolio consists primarily of agency-backed mortgage-backed securities & private-label residential mortgage-backed securities.