Understanding FBR
Founded in 1989 with an initial investment of $1 million, Friedman, Billings, Ramsey Group, Inc. (FBR Group; NYSE:FBR) is a real estate investment trust (REIT) that invests in mortgage-related assets. FBR Group is also the majority owner of FBR Capital Markets Corporation (FBR Capital Markets; NASDAQ:FBCM), a top ten investment bank1 with an international franchise and one of the strongest equities distribution capabilities in the securities industry.
FBR Capital Markets is a full service investment banking, institutional sales, trading and research and asset management firm with a customer-focused and innovative approach to meeting its clients needs. It focuses its banking, advisory, trading and research efforts on seven broad industry sectors including consumer, diversified industrials, energy & natural resources, financial institutions, insurance, real estate and technology, media & telecom. With our headquarters in the Washington, D.C. metropolitan area, our Economic and Washington Policy Analysis groups offer clients a comprehensive overview of national economic trends along with a unique perspective on the impact that legislation and regulation will have on industry sectors and individual companies. For more information on FBR Capital Markets click here.
FBR Group and FBR Capital Markets are headquartered in Arlington, Virginia. FBR Capital Markets also has offices in Boston, Dallas, Houston, Irvine, London, New York, San Francisco and Sydney.
1) Source: Dealogic. As measured by the aggregate value of the U.S. common equity underwritings priced between 7/1/03 and 6/30/08 with apportioned credit including over-allotment to all book-runners. Includes only rank eligible transactions.
