QUOTE AND NEWS
Motley Fool  Nov 11  Comment 
Investors love the double-digit yields the mortgage REIT produces, but can they continue?
Motley Fool  Oct 28  Comment 
With a similar business model, Annaly's earnings offer a sneak peak at CYS Investments. Here are the most interesting takeaways.
SeekingAlpha  Oct 21  Comment 
By SA Transcripts: CYS Investments, Inc. (NYSE:CYS) Q3 2014 Earnings Conference Call October 21, 2014 9:00 AM ET Executives Kevin E. Grant – Chairman, Chief Executive Officer and President Richard E. Cleary – Chief...




 
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Cypress Sharpridge Investments (NYSE:CYS) is a real estate investment trust (REIT) that invests in residential mortgage backed securities (RMBS) guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae. The company was founded in 2006 and is externally managed by Cypress Sharpridge Advisors, a joint venture between private equity firm The Cypress Group and Kevin Grant's Sharpridge Capital Management. The company's initial public offering (IPO) of stock is scheduled for 12 June 2009. It plans to sell 8.5 million shares at between $11 and $13 per share. Existing investors in the company include Talon Asset Management (17.38%), Fidelity Investments (10.72%), Robeco Investment Management (7.33%) and Woodbourne Partners (5.87%).[1]

In 2008, the company had $55.5 million in investment income, down 59% from $135 million in 2009. In the same year, it made a net loss of $39.2 million, up 40.0% from the $29.7 million net loss made the previous year. In the 1st quarter of 2009, the company had $9.3 million in investment income, down 54.8% from $20.6 million in the 1st quarter of 2008. In the same quarter, it made $13.0 million in net income, up 138% from the $34.4 million net loss made in the first quarter of the previous year. As of 31 March 2009, the company's RMBS portfolio size, yield and leverage ratio was $699 million, 5.2% and 7.0 respectively.[2]

References

  1. Principal Stockholders, 2009 CYS S-11/A
  2. Selected Consolidated Financial and Other Information, 2009 CYS S-11/A
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