Invesco Mortgage Capital posts Q3 loss per share

Invesco Mortgage Capital

29/10/2026 20:27

Overview
US mortgage REIT reported Q3 net loss per share of $0.92, reversing prior quarter's profit
Earnings available for distribution per share fell to $0.47 from $0.50 in Q2
Book value per share dropped 16% to $6.74; economic return was negative 11.6%

Outlook
Company maintains constructive outlook for Agency RMBS and Agency CMBS sectors
Company expects Agency RMBS to benefit from increased institutional investor participation
Company sees Agency CMBS as attractive due to elevated yields and diversification benefits

Result Drivers
RATE VOLATILITY - Co said increased interest rate volatility and wider mortgage-backed securities spreads weighed on portfolio returns
NEGATIVE RETURNS - Portfolio produced negative returns relative to Treasuries, partially offset by improved swap spreads
PORTFOLIO SHIFT - Co reduced Agency CMBS allocation and increased Agency RMBS exposure amid wider spreads

Company press release: ID:nPn4GY71Na

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Loss
 
$98.80 mln
 
Q3 Net Interest Income
 
$33.90 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy."
Wall Street's median 12-month price target for Invesco Mortgage Capital Inc is $7.75, about 42.2% above its October 28 closing price of $5.45
The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 4 three months ago

Reuters Recommended Reads
Oct 28 - Adamas Trust Q3 book value falls 22% amid market volatility
Oct 28 - Franklin BSP Realty Trust posts Q3 net loss on credit losses
Oct 29 - Blackstone Mortgage Trust posts Q3 loss

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)