earnings
confidence high
sentiment negative
materiality 0.65
Invesco Mortgage Capital Q2 net loss $0.03/sh; book value down 5% to $11.98; July BV est $11.61-$12.09
Invesco Mortgage Capital Inc.
2023-Q2 EPS reported
$0.35
- Net loss $0.03/sh vs net income $0.39 in Q1; non-GAAP EAD $1.45/sh, strong relative to $0.40 dividend.
- Book value per share fell 5% to $11.98 at June 30; July 31 estimate $11.61-$12.09.
- Economic return negative 1.8% for Q2 vs positive 1.7% in Q1.
- Common dividend unchanged at $0.40; debt-to-equity 5.9x, up from 5.8x.
- Portfolio entirely agency RMBS ($5.5B); $492M unrestricted cash/unencumbered investments.