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CYS Investments Sees Q2 GAAP EPS of $0.85-0.90

CYS Investments, Inc. (NYSE: CYS) today announced preliminary estimates of select financial data for the second quarter ending and as of June 30, 2012.

The Company estimates that, when finally, determined, for the quarter ended June 30, 2012, GAAP net income will be in the range of $0.85 to $0.90 per share.

The Company estimates that, when finally determined, net asset value as of June 30, 2012 will be in the range of $13.50 to $13.54 per share. The Company estimates that as of June 30, 2012, the fair value of its portfolio was approximately $14.2 billion, and that its leverage ratio (calculated by dividing (i) its repurchase agreements balance plus its payable for securities purchased minus its receivable for securities sold by (ii) net assets) at June 30, 2012 was in the range of 7.5 – 7.7 to 1.0.

In addition, the Company currently expects its interest rate spread net of hedge on new investments for the third quarter of 2012 to be between 1.50% and 1.70%.

Posted-In: News Guidance

 

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