Good news for mortgage industry watchers; Dallas based REIT, Capstead Mortgage has posted a fourth-quarter profit. It has reported $15.9 million as net profit for 3 months ending December 31, 2007, same period last year it was at $2.35 million. In this 3 month period interest income also rose to $87.8 million which was $70.3 million last year.
Its shares also rose by eight percent to $17.10 on volume of about 953,000 compared to a thirty day average volume of 865,000 shares.
Sunday, February 17, 2008
Capstead Mortgage reports 4Q profit
