ExperienceD Management, Quality Assets, Proven strategy.

We are a Real Estate Investment Trust and earn income primarily from agency-guaranteed and adjustable-rate mortgage-backed securities on a leveraged basis.


Who we are

Formed in 1985 and based in Dallas, Texas, Capstead's securities are listed on the New York Stock Exchange. We hold the distinction of being the oldest of the publicly-traded mortgage REITs.

Our Performance

As in 2013, we have outperformed most of our peers thus far in 2015 largely due to the relatively low interest rate risk inherent in our short-duration agency-guaranteed ARM portfolio. This has led to outperformance over both trailing 2 ¾ year and 3 ¾ year time periods relative to other mortgage REITs.

Group Revenue, £m
X-axis CMO Agency Peers(b) All Peers(b)
Bar Color #0068b4 #b1cd65 #98918f
Font Color #524a47 #524a47 #524a47
2012 20.4% 20.4% 26.3%
2013(a) 3.0% -15.9% -7.8%
2014 11.3% 16.3% 13.1%
2015 2.6% -2.5% -2.0%
2.75 year average(a) 6.1% -0.7% 1.2%
3.75 year average(a) 9.9% 4.9% 7.9%

(a) Excludes $(0.28) per share one-time effect of preferred capital redemption and issuance transactions on book value in 2013. Including this nonportfolio-related charge, our economic returns were
1.0% in 2013, and 5.4% and 9.4% for the 2.75 and 3.75 year averages, respectively.

(b) See our proxy statement for a list of our mortgage REIT peers.

contact us

Capstead Mortgage Corporation

8401 N. Central Expy

Suite 800

Dallas, TX 75225

Phone: (800) 358-2323

Phone: (214) 874-2323

Fax: (214) 874-2398

Company inquiries: invrel@capstead.com

Directors: directors@capstead.com

Transfer Agent

8401 N. Central Expy

Suite 800

Dallas, TX 75225