In general, REITs are simple to understand. They buy properties and lease them out to tenants, just like you would do if you owned a rental property. The difference is the scale of the assets, not the business model. AGNC Investment, however, isn't a property-owning REIT. It is a mortgage REIT. Mortgage REITs like AGNC buy mortgages that have been pooled together into bond-like securities. That's nothing like owning a property. What AGNC Investment does is more like running a bond mutual fund, which isn't s ...

Core Viewpoint - AGNC Investment Corp is a real estate investment trust (REIT) primarily investing in agency-backed mortgage securities, categorized as an mREIT, and has faced criticism regarding its investment appeal [1]. Company Overview - AGNC Investment Corp operates in the real estate sector, focusing on agency-backed mortgage securities, which are a significant part of its investment strategy [1]. Analyst Background - The author has a background in history, political science, and an MBA with a specialization in Finance and Economics, indicating a strong analytical foundation for evaluating investment opportunities [1]. Investment Focus - The company emphasizes income investing through various financial instruments, including common shares, preferred shares, and bonds, reflecting a strategy aimed at generating consistent returns [1].