AGNC Investment Corp.'s third-quarter results paired a $1.28 comprehensive loss per common share with $0.37 in net spread and dollar roll income per common share, giving investors sharply different readings of the mortgage REIT's quarter.
A net loss accounted for $1.17 per share of the comprehensive result. Changes in investment values contributed the remaining $0.11-per-share loss, which was recorded in other comprehensive income.
Before the results, investors had been watching AGNC's book value and dividend coverage.
Earlier coverage also identified wider mortgage-backed securities spreads as a potential source of pressure on book value.
