Invesco Mortgage Capital swung back to GAAP profitability on a 57.6% revenue blowout driven by $31.6M in derivative gains, though it missed earnings-available-for-distribution guidance by 3.3%. Management sees tailwinds from moderating rate volatility and tight Agency MBS supply dynamics ahead.
Invesco Mortgage Capital :
IVR
IVR
Stock Data
$7.58
$0.11 (1.47%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
REAL ESTATE
Industry
REIT - MORTGAGE
Invesco Mortgage Capital Inc is a real estate investment trust (REIT) based in Atlanta, Georgia, focusing on mortgage-backed securities and other mortgage-related assets. The company's portfolio includes both residential and commercial mortgage-backed securities, some of which are backed by U.S. government agencies, alongside investments in U.S. treasury securities and real estate-related financing. By operating as a REIT, Invesco Mortgage Capital aims to distribute the majority of its taxable income back to its shareholders, aligning with specific tax benefit regulations.
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