AGNC Investment Corp. AGNC
AGNC Investment Corp. functions as a U.S.-based real estate investment trust (REIT). The firm primarily concentrates its investments on residential mortgage-backed securities (RMBS) and collateralized mortgage obligations (CMOs). A defining feature of these securities is that their principal and interest payments are secured by guarantees from either U.S. government-sponsored entities or federal government agencies. To fund these investments, AGNC largely depends on secured borrowings, specifically organized as repurchase agreements. The company has opted for REIT tax status under the 1986 Internal Revenue Code, which exempts it from federal corporate income taxes, contingent on distributing a minimum of 90% of its taxable profits to its shareholders. Originally established in 2008, the entity, with its headquarters in Bethesda, Maryland, operated as American Capital Agency Corp. until it adopted its current name, AGNC Investment Corp., in September 2016.
Snapshot
Reported FFO / EAD / leverage are from the Q1 2026 earnings release (filed 2026-04-20) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-10 | 2026-06-11 | $0.12 | Monthly |
| 2026-05-29 | 2026-05-29 | 2026-06-09 | 2026-05-07 | $0.12 | Monthly |
| 2026-04-30 | 2026-04-30 | 2026-05-11 | 2026-04-08 | $0.12 | Monthly |
| 2026-03-31 | 2026-03-31 | 2026-04-10 | 2026-03-12 | $0.12 | Monthly |
| 2026-02-27 | 2026-02-27 | 2026-03-10 | 2026-02-11 | $0.12 | Monthly |
| 2026-01-30 | 2026-01-30 | 2026-02-10 | 2026-01-08 | $0.12 | Monthly |
| 2025-12-31 | 2025-12-31 | 2026-01-12 | 2025-12-09 | $0.12 | Monthly |
| 2025-11-28 | 2025-11-28 | 2025-12-09 | 2025-11-12 | $0.12 | Monthly |
| 2025-10-31 | 2025-10-31 | 2025-11-12 | 2025-10-08 | $0.12 | Monthly |
| 2025-09-30 | 2025-09-30 | 2025-10-09 | 2025-09-11 | $0.12 | Monthly |
| 2025-08-29 | 2025-08-29 | 2025-09-10 | 2025-08-07 | $0.12 | Monthly |
| 2025-07-31 | 2025-07-31 | 2025-08-11 | 2025-07-09 | $0.12 | Monthly |
| 2025-06-30 | 2025-06-30 | 2025-07-10 | 2025-06-12 | $0.12 | Monthly |
| 2025-05-30 | 2025-05-30 | 2025-06-10 | 2025-05-07 | $0.12 | Monthly |
| 2025-04-30 | 2025-04-30 | 2025-05-09 | 2025-04-09 | $0.12 | Monthly |
| 2025-03-31 | 2025-03-31 | 2025-04-09 | 2025-03-13 | $0.12 | Monthly |
| 2025-02-28 | 2025-02-28 | 2025-03-11 | 2025-02-13 | $0.12 | Monthly |
| 2025-01-31 | 2025-01-31 | 2025-02-11 | 2025-01-08 | $0.12 | Monthly |
| 2024-12-31 | 2024-12-31 | 2025-01-10 | 2024-12-11 | $0.12 | Monthly |
| 2024-11-29 | 2024-11-29 | 2024-12-10 | 2024-11-07 | $0.12 | Monthly |
| 2024-10-31 | 2024-10-31 | 2024-11-12 | 2024-10-09 | $0.12 | Monthly |
| 2024-09-30 | 2024-09-30 | 2024-10-09 | 2024-09-13 | $0.12 | Monthly |
| 2024-08-30 | 2024-08-30 | 2024-09-11 | 2024-08-08 | $0.12 | Monthly |
| 2024-07-31 | 2024-07-31 | 2024-08-09 | 2024-07-10 | $0.12 | Monthly |
Coverage (payout of operating cash flow): 225.75%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $1.91B | $1.67B | $177.00M | $4.70B | $653.00M |
| 2024 | $4.88B | $863.00M | $0.00 | $3.79B | $86.00M |
| 2023 | $1.01B | $155.00M | $0.00 | $2.44B | $-118.00M |
| 2022 | $3.30B | $-1.19B | $13.00M | $-552.00M | $1.01B |
| 2021 | $2.41B | $749.00M | $369.00M | $1.19B | $1.54B |
| 2020 | $341.00M | $-266.00M | $1.08B | $1.49B | $1.75B |
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.