Quarterly ResultJul 30, 2026, 04:24 PM
Invesco Mortgage Capital Q2 Net Income $0.34/share; Economic Return 3.8%
AI Summary
Invesco Mortgage Capital Inc. reported a net income of $0.34 per common share for Q2 2026, a turnaround from a net loss of $0.28 in the previous quarter. Earnings available for distribution per common share were $0.50, while the company maintained its monthly common stock dividend at $0.36 per share. The CEO noted improved financial conditions and a constructive outlook for Agency RMBS and CMBS, with the investment portfolio totaling $8.2 billion and an economic return of 3.8% for the quarter.
Key Highlights
- Net income per common share was $0.34, a significant improvement from a net loss of $0.28 in Q1 2026.
- Earnings available for distribution per common share were $0.50, down from $0.55 in Q1 2026.
- Monthly common stock dividends remained unchanged at $0.36 per share.
- Book value per common share was $8.03, a slight decrease from $8.08 as of March 31, 2026.
- Economic return for the quarter was 3.8%, reversing a (3.2)% return in Q1 2026.
- The investment portfolio totaled $8.2 billion, comprising $6.0 billion Agency RMBS, $1.2 billion Agency TBA, and $0.9 billion Agency CMBS.
- Issued 14,847,506 shares of common stock for net proceeds of $118.0 million through its at-the-market program.
- Repurchased 47,222 shares of Series C Preferred Stock with a carrying value of $1.1 million.
Price Impact
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