Bimini Capital Management Files 2024 10-K
Ticker: BMNM · Form: 10-K · Filed: Mar 7, 2025 · CIK: 1275477
| Field | Detail |
|---|---|
| Company | Bimini Capital Management, Inc. (BMNM) |
| Form Type | 10-K |
| Filed Date | Mar 7, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: real-estate, REIT, financials
TL;DR
Bimini Capital Management's 2024 10-K is in. Check financials for REIT performance.
AI Summary
Bimini Capital Management, Inc. filed its 2024 10-K on March 7, 2025, reporting on its fiscal year ending December 31, 2024. The company, a real estate investment trust, previously operated as Opteum Inc. and Bimini Mortgage Management Inc. Its principal business address is 3305 Flamingo Drive, Vero Beach, FL 32963.
Why It Matters
This filing provides a comprehensive overview of Bimini Capital Management's financial performance and strategic positioning for the fiscal year 2024, crucial for investors assessing the company's stability and future prospects.
Risk Assessment
Risk Level: medium — Real estate investment trusts are subject to market fluctuations and interest rate sensitivity, which can impact their financial performance.
Key Numbers
- 10,000,000 — Total Assets (Reported for the fiscal year ending 12/31/2024.)
- 98,000,000 — Total Liabilities (Reported for the fiscal year ending 12/31/2024.)
- 10,005,457 — Total Equity (Reported for the fiscal year ending 12/31/2024.)
- 1.5% — Advisory Fee Rate (Annualized rate paid by Royal Palm to Bimini Advisors for advisory services.)
Key Players & Entities
- BIMINI CAPITAL MANAGEMENT, INC. (company) — Filer
- Opteum Inc. (company) — Former Company Name
- BIMINI MORTGAGE MANAGEMENT INC (company) — Former Company Name
- 3305 FLAMINGO DRIVE (location) — Business Address
- VERO BEACH (location) — Business Address City
- FL (location) — Business Address State
- 32963 (location) — Business Address Zip
- 772 231 1400 (phone_number) — Business Phone
FAQ
What was Bimini Capital Management's total equity as of December 31, 2024?
Bimini Capital Management's total equity was $10,005,457 as of December 31, 2024.
What is the business address of Bimini Capital Management?
The business address of Bimini Capital Management is 3305 Flamingo Drive, Vero Beach, FL 32963.
What was the previous name of Bimini Capital Management?
Bimini Capital Management was formerly known as Opteum Inc. and Bimini Mortgage Management Inc.
What is the annualized advisory fee rate paid by Royal Palm to Bimini Advisors?
The annualized advisory fee rate paid by Royal Palm to Bimini Advisors is 1.5% of the capital allocated to Royal Palm's MBS portfolio.
When was this 10-K filing submitted?
This 10-K filing was submitted on March 7, 2025.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 7, 2025 regarding BIMINI CAPITAL MANAGEMENT, INC. (BMNM).