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Atrium Mortgage Investment Corporation (TSX: AI) is a non-bank provider of residential and commercial mortgages in major urban centers in Canada. With a focus on stability, Atrium's mortgage portfolio, valued at $875.6 million, consists of 95.5% first mortgages, with an average loan-to-value of 61.0%. Atrium's recent financial results highlight record earnings, a low-risk portfolio, and strategic provision increases to navigate market challenges.
The company's CEO, Rob Goodall, emphasizes a conservative lending approach, maintaining shareholder value and delivering stable dividends by lending within strict risk parameters. Atrium's resilience in the face of economic uncertainty, alongside its emphasis on liquidity and credit risk mitigation, positions it well for future growth and shareholder returns.
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Atrium Mortgage Investment Corporation (TSX: AI) released its financial results for the three and nine months ended September 30, 2023. The company reported a record year to date basic earnings per share of $0.91, up from $0.77 in the prior year. The mortgage portfolio reached a record high of $875.6 million at quarter end, with 95.5% in first mortgages and an average loan-to-value of 61.0%. Atrium increased its loan loss provisions to 203 basis points to recognize the continuing weakness in real estate markets. Despite challenging market conditions, the company remains focused on maintaining a resilient portfolio and expects the market to remain challenging over the coming quarters.
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Atrium Mortgage Investment Corporation (TSX: AI) has declared a dividend of $0.075 per common share for November 2023, to be paid on December 12, 2023. The company pays monthly dividends at an annual rate of $0.90 per share. Atrium will release its financial results for the quarter ended September 30, 2023, on November 14, 2023.
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Atrium Mortgage Investment Corporation declares dividend for October 2023.
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Atrium Mortgage Investment Corporation declares $0.075 dividend per share for September 2023.
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Atrium Mortgage Investment Corporation (TSX: AI) has declared a dividend of $0.075 per common share for August 2023. The dividend will be paid on September 12, 2023, to shareholders of record on August 31, 2023. Atrium pays monthly dividends at an annual rate of $0.90 per share. Shareholders can also participate in the dividend reinvestment plan (DRIP) to reinvest their dividends at a 2% discount from market price and with no commissions.
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Atrium Mortgage Investment Corporation (TSX: AI) reported a record quarterly net income of $14.4 million, up 35.2% from the comparative period, with revenues growing due to higher interest rates. The mortgage portfolio of $824.6 million is focused on low-risk first mortgages, with no impaired loans reported and a healthy 150 basis point loan loss provision. The financial results for the three and six months ended June 30, 2023, show a significant increase in revenues and net income compared to the prior year period.
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Atrium Mortgage Investment Corporation (TSX: AI) has declared a dividend of $0.075 per common share for July 2023. The dividend will be paid on August 11, 2023, to shareholders of record on July 31, 2023. Atrium offers a dividend reinvestment plan (DRIP) that allows shareholders to reinvest their dividends at a 2% discount from market price and with no commissions.
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FAQ
What is the current stock price of ATRIUM MORTGAGE INVST CP (AMIVF)?
The current stock price of ATRIUM MORTGAGE INVST CP (AMIVF) is $7.62 as of December 23, 2024.
What is the market cap of ATRIUM MORTGAGE INVST CP (AMIVF)?
The market cap of ATRIUM MORTGAGE INVST CP (AMIVF) is approximately 377.7M.
What is Atrium Mortgage Investment Corporation's core business?
Atrium is a non-bank provider of residential and commercial mortgages in major urban centers in Canada.
What percentage of Atrium's mortgage portfolio consists of first mortgages?
Atrium's mortgage portfolio is comprised of 95.5% first mortgages.
What is the average loan-to-value ratio of Atrium's mortgage portfolio?
The average loan-to-value ratio of Atrium's mortgage portfolio is 61.0%.
Who is the CEO of Atrium Mortgage Investment Corporation?
The CEO of Atrium Mortgage Investment Corporation is Rob Goodall.
How does Atrium ensure shareholder value and stable dividends?
Atrium focuses on conservative lending practices and strategic risk management to protect shareholder equity and deliver secure dividends.
What is Atrium's approach to navigating market challenges?
Atrium emphasizes a low-risk lending strategy, maintains liquidity, and proactively increases provisions to address market uncertainties.
What is the current value of Atrium's mortgage portfolio?
Atrium's mortgage portfolio is valued at $875.6 million.
How does Atrium position itself for future growth?
Atrium's focus on stability, liquidity, and credit risk mitigation positions it well for future growth and shareholder returns.
What are the recent achievements of Atrium Mortgage Investment Corporation?
Atrium has reported record earnings, maintained a low-risk portfolio, and strategically increased provisions amidst market challenges.
What is Atrium's strategic focus to deliver shareholder value?
Atrium emphasizes conservative lending practices, stability, and strategic risk management to preserve shareholder equity and deliver stable dividends.
ATRIUM MORTGAGE INVST CP
OTC:AMIVF
AMIVF Rankings
AMIVF Stock Data
377.66M
45.12M
4.21%
4.36%
Mortgage Finance
Financial Services
United States of America
Toronto