This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CYS Investments, Inc. Announces Second Quarter 2012 Financial Results

The Company’s operating expenses were $5.3 million, or 1.33% of average net assets, for the second quarter of 2012, compared to $5.1 million, or 1.46% of average net assets, for the first quarter of 2012. The increase in operating expenses was primarily the result of an increase in compensation and benefits. However, expenses as a percentage of net assets decreased as a result of the larger asset base.

(dollars in thousands)   Three Months Ended

Key Metrics*

June 30, 2012   March 31, 2012
Average Agency RMBS (1) $ 10,737,980 $ 9,238,905
Average repurchase agreements (2) $ 9,497,267 $ 8,194,067
Average net assets (3) $ 1,591,432 $ 1,406,049
Average common shares outstanding (4) 116,881 104,620
Average yield on Agency RMBS (5) 2.62% 2.78%
Average cost of funds and hedge (6) 0.91% 0.90%
Interest rate spread net of hedge (7) 1.71% 1.88%
Operating expense ratio (8) 1.33% 1.46%
Leverage ratio (at period end) (9) 7.6:1 7.7:1

(1) The Company's average Agency RMBS for the period was calculated by averaging the month end cost basis of settled Agency RMBS during the period.

3 of 9

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs