Invesco Mortgage Capital reports Q3 net loss of $1.62/share; book value drops 17% to $9.93

Invesco Mortgage Capital Inc.

2023-Q3 EPS reported -$1.40

Net loss per common share of $1.62 vs $0.03 in Q2; earnings available for distribution per share $1.51 vs $1.45.
Book value per common share fell to $9.93 from $11.98 (-17.1%); estimated $9.07-$9.45 as of Nov 3.
Economic return of (13.8)% for Q3 vs (1.8)% in Q2; debt-to-equity ratio increased to 6.4x from 5.9x.
Common dividend unchanged at $0.40/share; portfolio $5.4B at quarter end, reduced to $3.6B by Oct 31.
CEO cites challenging environment for Agency RMBS due to higher rates and volatility; cautious outlook.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Invesco Mortgage Capital Inc. reported financial results for the quarter ended September 30, 2023.

Period: the quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 6, 2023, Invesco Mortgage Capital Inc. (the “registrant”) issued a press release announcing its financial results for the quarter ended September 30, 2023 (the “Release”).

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Invesco Mortgage Capital Inc. filing history →

Source: SEC EDGAR

accession 0001437071-23-000032

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