Invesco Mortage Capital (IVR) Reports In-Line Q2 EPS

Invesco Mortage Capital (NYSE: IVR) reported Q2 EPS of $0.10, in-line with the analyst estimate of $0.10.

• Net loss per common share of $0.34 compared to $0.09 in Q1 2021
• Earnings available for distribution per common share* (formerly core earnings per common share) of $0.10 compared to $0.11 in Q1 2021
• Common stock dividend of $0.09 per common share compared to $0.09 per common share in Q1 2021
• Book value per common share** of $3.21 compared to $3.65 at Q1 2021
• Economic return*** of (9.6%) compared to (3.1%) in Q1 2021

Update from John Anzalone, Chief Executive Officer

\"We are pleased to announce earnings available for distribution of $0.10 per common share for the second quarter of 2021. Earnings available for distribution continues to be supported by strong dollar rolls, relatively slow prepayment speeds on our specified pool collateral and increased returns on equity on new investments. During the quarter, we made progress in re-balancing our capital structure by redeeming $140.0 million of our Series A Preferred Stock and raising $145.9 million of common equity. At quarter-end, almost all of our $8.7 billion investment portfolio was invested in Agency residential mortgage-backed securities (\"Agency RMBS\"), and we maintained a sizeable balance of unrestricted cash and unencumbered investments totaling $651.1 million.

For earnings history and earnings-related data on Invesco Mortage Capital (IVR) click here.

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