<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CAPSTEAD
MORTGAGE CORPORATION ANNUAL REPORT ON FORM 10-K FOR THE PERIOD ENDED DECEMBER
31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               DEC-31-1999
<CASH>                                          28,488
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               8,807,039
<CURRENT-LIABILITIES>                        4,903,065
<BONDS>                                      3,289,584
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    191,476
<COMMON>                                           569
<OTHER-SE>                                     422,345
<TOTAL-LIABILITY-AND-EQUITY>                 8,807,039
<SALES>                                              0
<TOTAL-REVENUES>                               568,980
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 8,138
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             502,933
<INCOME-PRETAX>                                 57,909
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             57,909
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    57,909
<EPS-BASIC>                                       0.61
<EPS-DILUTED>                                     0.60