Quarterly ResultApr 30, 2026, 04:36 PM
IVR Q1 2026 Net Loss $0.28/share; Book Value $8.08; Economic Return (3.2)%
AI Summary
Invesco Mortgage Capital Inc. reported a net loss of $0.28 per common share for the first quarter of 2026, a significant decline from net income of $0.68 in the prior quarter. Earnings available for distribution per common share were $0.55, slightly down from $0.56 in Q4 2025. The company's book value per common share decreased by 7.3% to $8.08, resulting in an economic return of (3.2)% for the quarter, primarily due to a challenging market environment with increased interest rate volatility and higher U.S. Treasury yields.
Key Highlights
- Net loss per common share was $0.28, compared to net income of $0.68 in Q4 2025.
- Earnings available for distribution per common share were $0.55, down from $0.56 in Q4 2025.
- Book value per common share declined 7.3% to $8.08 from $8.72 as of December 31, 2025.
- Economic return for the quarter was (3.2)%, compared to 8.0% in Q4 2025.
- Monthly common stock dividends totaled $0.36 per share.
- Debt-to-equity ratio improved to 6.1x from 7.0x as of December 31, 2025.
- Economic debt-to-equity ratio increased to 7.5x from 7.0x as of December 31, 2025.
- Issued 15,694,589 common shares for $133.6 million through its at-the-market program.