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Invesco Mortgage Capital Inc. (NYSE: IVR) is a prominent independent mortgage real estate investment trust (mREIT) company with offices in Atlanta, Georgia, and Louisville, Kentucky. As a mortgage REIT, Invesco Mortgage Capital Inc. focuses on delivering consistent investment value to shareholders by leveraging its expertise and resources to generate steady income from real estate-related investments. The company acquires, finances, and manages residential and commercial mortgage-backed securities (MBS) and mortgage loans.
Invesco Mortgage Capital Inc. holds a diversified portfolio consisting of various types of MBS. These include residential mortgage-backed securities (RMBS) guaranteed by U.S. government agencies like the Government National Mortgage Association (Ginnie Mae) and federally chartered corporations such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). The portfolio also comprises commercial mortgage-backed securities (CMBS) and non-agency RMBS that are not backed by government guarantees.
The company is externally managed and advised by Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ), a leading global investment management firm. This relationship provides Invesco Mortgage Capital Inc. with significant advisory and management expertise, ensuring effective portfolio management and strategic investment decisions.
Recent news highlights include the announcement of second quarter 2023 results on August 3, 2023, where the company reported a book value per common share of $11.98 and earnings available for distribution at $1.45 per common share. Despite facing challenges such as higher interest rates and FDIC sales impacting book value, Invesco Mortgage Capital Inc. maintained strong earnings through its hedging strategy.
Invesco Mortgage Capital Inc. continues to adapt to market conditions, focusing on maintaining a robust balance sheet with significant unrestricted cash and unencumbered investments. The company regularly communicates with investors through earnings calls and detailed financial reports, ensuring transparency and engagement.
Invesco Mortgage Capital Inc. is dedicated to providing attractive risk-adjusted returns to its shareholders primarily through dividends and capital appreciation. The company strives to maintain a high level of income generation from its real estate-related investments, adjusting its strategies in response to the evolving economic landscape.
Invesco Mortgage Capital (NYSE: IVR) reported Q4 2024 financial results, showing a net loss of $0.09 per common share compared to Q3 2024's net income of $0.63. Earnings available for distribution decreased to $0.53 per share from $0.68 in Q3. The company maintained its quarterly dividend at $0.40 per share.
Book value per common share declined 4.8% to $8.92 from $9.37, resulting in a negative economic return of 0.5%. The company improved its capital structure by redeeming Series B Preferred Stock, funding it with lower-cost repurchase agreements. This increased the debt-to-equity ratio to 6.7x from 6.1x.
The investment portfolio of $5.4 billion consists of 85% Agency RMBS and 15% Agency CMBS. The company maintains $389 million in unrestricted cash and unencumbered investments. During Q4, IVR sold 993,837 shares of common stock for $8.3 million through its at-the-market program and repurchased 70,864 shares of Series C Preferred Stock for $1.7 million.
Invesco Mortgage Capital Inc. (NYSE: IVR) has scheduled its fourth quarter 2024 earnings announcement for Thursday, February 20, 2025, after market close. The company will host a conference call and audio webcast to discuss the results on Friday, February 21, 2025, at 9:00 a.m. ET.
Key executives participating in the call include CEO John Anzalone, CIO Brian Norris, President Kevin Collins, COO David Lyle, and CFO Mark Gregson. A presentation will be available on the company's website before the call. The company has provided toll-free and international dial-in numbers for participants, and an audio replay will be accessible until March 7, 2025.
Invesco Mortgage Capital (NYSE: IVR) has announced a quarterly cash dividend of $0.40 per share for the fourth quarter of 2024. The dividend will be distributed on January 24, 2025 to shareholders recorded as of December 30, 2024. The ex-dividend date is set for December 30, 2024.
Invesco Mortgage Capital (NYSE: IVR) reported Q3 2024 financial results with net income per share of $0.63, compared to a loss of $0.38 in Q2. Book value per share increased to $9.37 from $9.27, delivering a 5.4% economic return. The company maintained its $0.40 quarterly dividend. The $5.9 billion investment portfolio primarily consisted of $5.2 billion Agency RMBS and $0.7 billion Agency CMBS. Earnings available for distribution decreased to $0.68 per share from $0.86, reflecting reduced effective net interest income. The debt-to-equity ratio increased to 6.1x from 5.6x quarter-over-quarter. The company announced plans to redeem Series B Preferred shares to optimize capital structure.
Invesco Mortgage Capital (NYSE: IVR) has announced plans to redeem all 4,247,989 outstanding shares of its 7.75% Fixed-to-Floating Series B Cumulative Redeemable Preferred Stock on December 27, 2024. The redemption will occur at a cash price of $25.00 per share, plus any accrued and unpaid dividends up to the redemption date. Following the redemption, all rights associated with the Series B Preferred Stock will terminate, except for receiving the redemption price. The shares, currently listed as 'IVR PrB' on NYSE, are held in book-entry form through DTC, with Computershare Trust Company serving as the redemption agent.
Invesco Mortgage Capital (NYSE: IVR) has scheduled its third quarter 2024 earnings announcement for Tuesday, November 5, 2024, after market close. The company will host a conference call and audio webcast on Wednesday, November 6, 2024, at 9:00 a.m. ET to discuss the results. Key executives, including CEO John Anzalone, Interim CFO Mark Gregson, and other senior leadership, will participate in the call. A presentation will be available on the company's website before the call.
Invesco Mortgage Capital Inc. (NYSE: IVR) has announced a quarterly cash dividend for the third quarter of 2024. The company's Board of Directors has declared a dividend of $0.40 per share of common stock. This dividend will be paid on October 25, 2024 to stockholders of record at the close of business on October 7, 2024. The ex-dividend date is also set for October 7, 2024.
Invesco Mortgage Capital Inc. (NYSE: IVR) reported its Q2 2024 financial results, revealing a net loss per common share of $0.38 compared to a net income of $0.49 in Q1 2024. The company maintained its earnings available for distribution per common share at $0.86 and its common stock dividend at $0.40 per share. However, the book value per common share decreased to $9.27 from $10.08 in the previous quarter, resulting in an economic return of -4.1%.
The company's investment portfolio totaled $5.0 billion, primarily consisting of Agency RMBS and CMBS. The debt-to-equity ratio remained stable at 5.6x, while the economic debt-to-equity ratio increased to 5.9x. Despite challenging market conditions, IVR maintained a strong liquidity position with $446 million in unrestricted cash and unencumbered investments.
Invesco Mortgage Capital (NYSE: IVR) is set to announce its second quarter 2024 results on Thursday, August 8, 2024, after market close. An audio webcast and conference call to review the results will be held the following day, Friday, August 9, 2024, at 9:00 a.m. ET. Key executives including CEO John Anzalone, CFO Lee Phegley, CIO Brian Norris, President Kevin Collins, and COO David Lyle will be speaking. A presentation will be available on the company's website prior to the call. To participate in the call, dial North America Toll Free: 888-982-7409 or International Toll: 1-212-287-1625, using passcode: Invesco. A replay will be accessible until August 23, 2024, at 888-566-0411 (North America) or 1-203-369-3041 (International).
Invesco Mortgage Capital announced a cash dividend of $0.40 per share for Q2 2024. This dividend will be paid on July 26, 2024, to shareholders who are on record at the close of business on July 5, 2024. The ex-dividend date is also July 5, 2024. This announcement reflects the company's ongoing commitment to providing returns to its shareholders.
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