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Externally managed agency mortgage REIT investing in government-backed residential mortgage bonds with leverage.
Externally managed agency mortgage REIT investing in government-backed residential mortgage bonds with leverage.
Earns the gap between the interest on the agency mortgage bonds it holds and the short-term repurchase (repo) borrowing it uses to fund them, then adds leverage, so swings in rates and mortgage spreads move book value sharply. It is managed by Bimini Advisors, an outside firm paid fees, and pays out most income as monthly dividends.
Moat: none. Commodity leveraged spread trade with no structural edge over peers.
Headquarters: Vero Beach, Florida, US · Founded: 2010 · Employees: 0
Size Orchid Island Capital (ORC) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $953M, the 2280th largest of 3,117 United States companies the cockpit tracks. Shares closed at $4.94 on 6 Nov 2026.
Performance Over six months the shares fell 29.9%, against -12.5% 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 83.3% over the last twelve months (peer median +0.3%); the operating margin is 63.9% (peer median 45.6%).
Valuation It trades at 4.9× forward earnings against a peer median of 14.8× (cheapest of 18).
Short interest Short interest is 9.8% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $622M | $408M | $237M | $155M | $10.9M |
| Revenue growth | — | +72% | +53% | +1,316% | — |
| Gross profit | $604M | $394M | $227M | $144M | -$3.60M |
| EBITDA | $397M | $465M | $274M | $163M | -$197M |
| Net income | -$6.28M | $159M | $37.7M | -$39.2M | -$258M |
| Free cash flow | $244M | $120M | $67.0M | $8.00M | $289M |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Total debt | $10.8B | $10.2B | $5.03B | $3.71B | $3.38B |
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 |
|---|---|---|---|---|---|---|
| Orchid Island Capital ORC | $953M | -30% | +83% | 64% | 4.9× | n/a |
| 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 |
| ARMOUR Residential REIT ARR | $1.87B | -29% | -140% | n/a | 4.5× | n/a |
| Dynex Capital DX | $2.77B | -20% | +142% | 65% | 6.6× | 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 | ORC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.6% | -0.7% | 8th lowest of 21 |
| 6-month return | -29.9% | -12.5% | 2nd lowest of 21 |
| Distance from 52-week high | -41.2% | -20.9% | lowest of 21 |
| Revenue growth (TTM) | +83.3% | +0.3% | 2nd highest of 21 |
| Operating margin | 63.9% | 45.6% | 5th highest of 21 |
| Forward P/E | 4.9× | 14.8× | cheapest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Orchid Island Capital ORC | United States | $953M | -30% | +83% | 64% | 4.9× | n/a | n/a |
| Mitsubishi Estate Logistics REIT Investment 3481.T | Japan | $952M | -17% | -4% | 46% | 18.6× | n/a | n/a |
| Ntt Dc REIT NTDU.SI | Singapore | $955M | -9% | -8% | 9% | 166.0× | n/a | n/a |
| Wereldhave WHA.AS | Netherlands | $956M | -15% | +10% | 64% | 10.1× | n/a | n/a |
| Centerspace CSR | United States | $963M | -15% | +15% | 42% | n/a | n/a | n/a |
| Digico Infrastructure REIT DGT.AX | Australia | $941M | -10% | +90% | -4% | 16.1× | n/a | n/a |
| Ho Bee Land H13.SI | Singapore | $978M | -13% | +5% | 52% | 11.4× | n/a | n/a |
| Fukuoka Reit 8968.T | Japan | $929M | -7% | -3% | 40% | 18.6× | n/a | n/a |
| Empire State Realty Trust ESRT | United States | $919M | -7% | +2% | 16% | n/a | n/a | n/a |
| Workspace WKP.L | United Kingdom | $913M | +8% | -2% | 51% | 15.1× | n/a | n/a |
| Cpi Fim OPG.WA | Poland | $1.00B | -16% | -35% | 62% | n/a | n/a | n/a |
| Aims Apac REIT O5RU.SI | Singapore | $904M | -10% | +6% | 65% | 12.6× | n/a | n/a |
| Star Asia Investment 3468.T | Japan | $895M | -7% | +17% | 41% | 14.3× | n/a | n/a |
| Stoneweg Europe Stapled Trust SEB.SI | Singapore | $889M | -12% | -2% | 57% | 9.4× | n/a | n/a |
| CapitaLand India Trust CY6U.SI | Singapore | $1.03B | -15% | -2% | 43% | 9.4× | n/a | n/a |
| Starhill Global Real Estate Investment Trust P40U.SI | Singapore | $884M | -13% | 0% | 68% | 11.4× | n/a | n/a |
| Japan Excellent 8987.T | Japan | $1.04B | -13% | -18% | 32% | 16.0× | n/a | n/a |
| SK REIT 395400.KS | South Korea | $1.04B | -30% | +15% | 89% | 14.8× | n/a | n/a |
| Storage King SKG.AX | Australia | $1.05B | -17% | 0% | 45% | 20.9× | n/a | n/a |
| Postal Realty Trust PSTL | United States | $863M | -5% | +22% | 38% | 30.8× | n/a | n/a |
| Waypoint REIT WPR.AX | Australia | $1.05B | -2% | -1% | 100% | 12.9× | n/a | n/a |