Orchid Island Capital, Inc.ORC
What Orchid Island Capital, Inc. does.
Orchid Island Capital, Inc., a Maryland corporation (“Orchid,” the “Company,” “we” or “us”), is a specialty finance company that invests in residential mortgage-backed securities (“RMBS”). The principal and interest payments of these RMBS are guaranteed by the Enterprises or the Government National Mortgage Association (“Ginnie Mae” and, collectively with the Enterprises, “GSEs”) and are backed primarily by single-family residential mortgage loans. We refer to these types of RMBS as Agency RMBS. Our portfolio consists of two categories of Agency RMBS: (i) traditional pass-through ("PT") Agency RMBS, such as mortgage PT certificates and collateralized mortgage obligations (“CMOs”) issued by the GSEs and (ii) structured Agency RMBS, such as interest only securities (“IOs”), inverse interest only securities (“IIOs”) and principal only securities (“POs”), among other types of structured Agency RMBS. Our website is located at http://ir.orchidislandcapital.com. Information on our website is not part of this Report. Our common stock is listed on the NYSE and trades under the symbol “ORC.”
We are organized and conduct our operations to qualify to be taxed as a REIT for U.S. federal income tax purposes. As such, we are required to distribute 90% of our REIT taxable income, determined without regard to the deductions for dividends paid and excluding any net capital gain, annually. We generally will not be subject to U.S. federal income tax on our REIT taxable income to the extent we currently distribute our net taxable income to our stockholders and maintain our REIT qualification. It is our intention to distribute 100% of our taxable income, after application of available tax attributes, within the limits prescribed by the Internal Revenue Code of 1986, as amended (the “Code”), which may extend into the subsequent taxable year.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net income | $2.1M | -$64.8M | -$258.5M | -$39.2M | $37.7M | $159.0M |
More on ORC.
- Orchid Island Capital, Inc. summary
- Orchid Island Capital, Inc. financial statements
- Orchid Island Capital, Inc. key metrics
- Orchid Island Capital, Inc. health scores and style box
- Orchid Island Capital, Inc. earnings
- Orchid Island Capital, Inc. dividends
- Orchid Island Capital, Inc. valuation
- Orchid Island Capital, Inc. ownership and insiders
- Orchid Island Capital, Inc. peers
Figures from Orchid Island Capital, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.