Invesco Mortage Capital (NYSE: IVR) reported Q3 EPS of $0.41, in-line with the analyst estimate of $0.41.

• Q3 2018 comprehensive income attributable to common stockholders of $20.6 million compared to $36.1 million in Q2 2018
• Q3 2018 net loss attributable to common stockholders of $64.5 million or $0.58 basic loss per common share primarily due to realized loss on sale of securities compared to net income attributable to common stockholders of $80.0 million or $0.72 basic earnings per share (\"EPS\") in Q2 2018;
• Q3 2018 core earnings** of $45.6 million or core EPS of $0.41 compared to $46.1 million or core EPS of $0.41 in Q2 2018
• Q3 2018 book value per diluted common share*** of $16.83 compared to $17.06 at Q2 2018
• Economic return* of 1.1% for the quarter, (1.4%) year to date
• Q3 2018 debt-to-equity ratio of 6.4x compared to 6.1x at Q2 2018
• Q3 2018 common stock dividend maintained at $0.42 per share

"We are pleased to announce core earnings of $0.41 per common share and an economic return of 1.1% for the third quarter. During the quarter, we repositioned our Agency portfolio by rotating out of seasoned Agency RMBS and into newly issued 30 year Agency RMBS and Agency CMBS to take advantage of accretive opportunities in those sectors. A net loss on the sale of these securities did not impact book value as we report mortgage-backed securities at fair market value on our balance sheet. The portfolio repositioning drove an increase in our weighted average portfolio yield to 3.78% as of September 30, 2018, up 21 basis points from 3.57% as of June 30, 2018. We anticipate that our higher portfolio yield and active hedging strategy will help mitigate the impact of rising interest rates," said John Anzalone, Chief Executive Officer. "In addition, our seasoned credit portfolio should continue to benefit from underlying price appreciation and strong borrower performance."

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