earnings
confidence high
sentiment negative
materiality 0.75
Invesco Mortgage Capital reports Q3 net loss of $2.78/share; book value falls to $12.80
Invesco Mortgage Capital Inc.
2022-Q3 EPS reported
-$13.42
- Net loss per common share of $2.78; EAD per common share of $1.39 vs $1.40 in Q2.
- Book value per common share fell to $12.80 from $16.16 in Q2; economic return of (16.8%).
- Common dividend cut to $0.65/share from $0.90 in Q2.
- Repurchased 5.3M shares of preferred stock (30% of outstanding) since May 2022.
- Debt-to-equity ratio increased to 5.1x; cash and unencumbered investments $504.3M.