| Business Summary | | Capstead
Mortgage
Corporation
is
a
mortgage
investment
firm
operating
as
a
real
estate
investment
trust
(REIT)
that
earns
income
from
investing
in
mortgage
assets
on
a
leveraged
basis
and
other
investment
strategies.
The
Company
focuses
on
adjustable-rate
and
short-maturity
assets,
including,
but
not
limited
to,
adjustable-rate
Agency
Securities
and
credit-sensitive
commercial
and
residential
mortgage
assets.
Capstead's
operations
are
conducted
in
Dallas,
Texas,
in
an
office
leased
by
the
Company. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Capstead
Mortgage
Corp.,
a
mortgage
REIT,
earns
income
from
investing
inmortgage
backed
securities,
servicing
mortgage
loans,
and
other
investments.
For
the
six
months
ended
6/30/01,
revenues
fell
7%
to
$269.8
million.
Net
income
applicable
to
Common
totaled
$42.1
million
vs
a
loss
of
$84.6
million.
Revenues
reflect
a
reduction
in
the
mortgage
portfolio
due
to
a
higher
level
of
mortgage
prepayments.
Earnings
benefitted
from
lower
borrowing
rates. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Wesley Edens, 39 Chairman,
Pres, CEO | -- | Ronn Lytle, 60 Vice
Chairman | $3.6M | Andrew Jacobs, 41 Exec.
VP-Fin., Sec. | 584K | Amar Patel, 29 Sr.
VP - Asset and Liability Management | 275K | Phillip Reinsch, 40 Sr.
VP--Control | 308K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|