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Mortgage REIT that invests in agency residential mortgage-backed securities funded with leverage and hedges.
Mortgage REIT that invests in agency residential mortgage-backed securities funded with leverage and hedges.
Borrows short-term through repurchase agreements to hold government-backed mortgage bonds, earning the gap between the bonds' yield and its funding and hedging costs, so book value moves with mortgage prices and interest rates. A manager affiliated with the company runs it for a fee, and as a REIT it pays dividends monthly.
Moat: none (scale). Returns are a levered spread trade on agency MBS; no pricing power or differentiation versus peers.
Headquarters: Bethesda, Maryland, United States · Founded: 2008 · Employees: 54
Size AGNC Investment (AGNC) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $11.2B, the 727th largest of 3,117 United States companies the cockpit tracks. Shares closed at $8.78 on 6 Nov 2026.
Performance Over six months the shares fell 19.1%, against -1.0% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 151.8% over the last twelve months (peer median +4.2%); the operating margin is 35.1% (peer median 34.4%).
Valuation It trades at 6.1× forward earnings against a peer median of 30.4× (cheapest of 21).
Short interest Short interest is 11.0% of the free float (15 Oct 2026).
Next results Next results expected around 1 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $8.71B | $1.91B | $4.88B | $1.01B | $3.30B |
| Revenue growth | — | -61% | +385% | -70% | — |
| Gross profit | $8.71B | $1.91B | $4.88B | $1.01B | $3.30B |
| EBITDA | $3.06B | $4.52B | $3.88B | $2.59B | -$565M |
| Net income | $103M | $1.67B | $863M | $155M | -$1.19B |
| Free cash flow | $1.14B | $653M | $86.0M | -$118M | $1.01B |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Total debt | $120B | $102B | $77.5B | $61.4B | $42.9B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| AGNC Investment AGNC | $11.2B | -19% | +152% | 35% | 6.1× | n/a |
| Annaly Capital Management NLY | $14.8B | -17% | +23% | 77% | 6.0× | n/a |
| Two Harbors Investment TWO | n/a | -9% | n/a | n/a | n/a | n/a |
| Dynex Capital DX | $2.77B | -20% | +142% | 65% | 6.6× | n/a |
| ARMOUR Residential REIT ARR | $1.87B | -29% | -140% | n/a | 4.5× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AGNC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.1% | +7.2% | 3rd lowest of 21 |
| 6-month return | -19.1% | -1.0% | 2nd lowest of 21 |
| Distance from 52-week high | -28.0% | -12.3% | lowest of 21 |
| Revenue growth (TTM) | +151.8% | +4.2% | highest of 20 |
| Operating margin | 35.1% | 34.4% | 10th highest of 21 |
| Forward P/E | 6.1× | 30.4× | cheapest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| AGNC Investment AGNC | United States | $11.2B | -19% | +152% | 35% | 6.1× | n/a | n/a |
| Gaming and Leisure Properties GLPI | United States | $11.3B | -19% | +7% | 79% | 11.8× | n/a | n/a |
| UDR UDR | United States | $11.6B | -1% | +1% | 19% | 62.0× | n/a | n/a |
| American Homes 4 Rent AMH | United States | $11.8B | +2% | +4% | 25% | 41.0× | n/a | n/a |
| EastGroup Properties EGP | United States | $10.4B | -6% | +10% | 41% | 35.1× | n/a | n/a |
| BXP BXP | United States | $10.4B | +11% | +3% | 29% | 31.2× | n/a | n/a |
| Equity LifeStyle Properties ELS | United States | $12.3B | 0% | +3% | 34% | 29.2× | n/a | n/a |
| CubeSmart CUBE | United States | $10.1B | +11% | +3% | 41% | 28.2× | n/a | n/a |
| Janus Living JAN | United States | $9.93B | +15% | n/a | -15% | 782.8× | n/a | n/a |
| American Healthcare REIT AHR | United States | $12.7B | +12% | +16% | 7% | 81.7× | n/a | n/a |
| Federal Realty Investment Trust FRT | United States | $9.74B | -2% | +8% | 34% | 36.7× | n/a | n/a |
| Scentre SCG.AX | Australia | $13.1B | -1% | -4% | 67% | 14.6× | n/a | n/a |
| Camden Property Trust CPT | United States | $13.4B | -3% | +1% | 18% | 119.0× | n/a | n/a |
| CapitaLand Investment 9CI.SI | Singapore | $9.22B | -11% | -15% | 29% | 19.3× | n/a | n/a |
| Brixmor Property BRX | United States | $9.21B | +1% | +5% | 37% | 28.5× | n/a | n/a |
| Regency Centers REG | United States | $13.7B | -3% | +8% | 37% | 29.7× | n/a | n/a |
| Ryman Hospitality Properties RHP | United States | $9.11B | +19% | +13% | 20% | 26.4× | n/a | n/a |
| Agree Realty ADC | United States | $9.09B | -8% | +18% | 48% | 35.9× | n/a | n/a |
| Mid-America Apartment Communities MAA | United States | $13.8B | -8% | +1% | 27% | 38.7× | n/a | n/a |
| Link REIT 0823.HK | Hong Kong | $13.8B | +3% | -3% | 68% | 16.5× | n/a | n/a |
| CareTrust REIT CTRE | United States | $9.03B | -8% | +53% | 65% | 24.2× | n/a | n/a |