The earnings call presented a mixed outlook with strong performance in agency mortgages and CMBS, stable employment data, and attractive ROEs, but was offset by negative economic returns and impacts from interest rate volatility and swap spreads.

Company Guidance -

Q3 2025

During Invesco Mortgage Capital's second quarter earnings call for 2025, several key financial metrics and guidance were discussed. The company reported an economic return for the quarter of negative 4.8%, which included a $0.34 dividend per common share and a $0.76 decline in book value per common share. The debt-to-equity ratio decreased from 7.1x at the end of March to 6.5x by the end of June, reflecting a defensive posture amidst elevated uncertainty regarding trade and monetary policy. The company's $5.2 billion investment portfolio consisted of $4.3 billion in agency mortgages and $900 million in Agency CMBS, with a balance of unrestricted cash and unencumbered investments totaling $362 million. As of July 18, 2025, the estimated book value per common share was between $7.99 and $8.31. The financial conditions were volatile, influenced by trade policy announcements, but ended with a modestly accommodative stance as interest rate volatility declined. The company maintains a cautious near-term outlook but is optimistic about the long-term prospects for agency mortgages and Agency CMBS, anticipating improved demand and favorable market conditions.

Stable Employment and Resilient Labor Market

The economy added about 150,000 jobs per month during Q2, and the unemployment rate held steady at 4.1%.

Agency Mortgages and CMBS Performance

Agency mortgages and Agency CMBS performed well into the beginning of the third quarter, with a favorable long-term outlook due to attractive valuations and reduced interest rate volatility.

Reduced Debt-to-Equity Ratio

The company's debt-to-equity ratio decreased from 7.1x at the end of March to 6.5x at the end of June, reflecting a more defensive posture.

Attractive ROEs

Levered gross ROEs in the low 20s for higher coupons represent a very attractive entry point for mortgage investors with longer investment horizons.

Improved Book Value

As of July 18, 2025, the estimated book value per common share increased by a little more than 1% since the end of the second quarter.

Invesco Mortgage (IVR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

IVR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.58 / -	0.68	―	―	―
Jul 24, 2025	2025 (Q2)	0.57 / 0.58	0.86	-32.56% (-0.28)
May 07, 2025	2025 (Q1)	0.57 / 0.64	0.86	-25.58% (-0.22)
Feb 20, 2025	2024 (Q4)	0.67 / 0.53	0.95	-44.21% (-0.42)
Nov 05, 2024	2024 (Q3)	0.79 / 0.68	1.51	-54.97% (-0.83)
Aug 08, 2024	2024 (Q2)	0.99 / 0.86	1.45	-40.69% (-0.59)
May 08, 2024	2024 (Q1)	1.13 / 0.86	1.5	-42.67% (-0.64)
Feb 22, 2024	2023 (Q4)	1.15 / 0.95	1.46	-34.93% (-0.51)
Nov 06, 2023	2023 (Q3)	1.33 / 1.51	1.39	8.63% (+0.12)
Aug 03, 2023	2023 (Q2)	1.07 / 1.45	1.4	3.57% (+0.05)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

IVR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	$7.63	$7.70	+0.92%
May 07, 2025	$7.04	$7.14	+1.42%
Feb 20, 2025	$8.18	$8.11	-0.86%
Nov 05, 2024	$7.07	$6.94	-1.84%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Invesco Mortgage Capital (IVR) report earnings?

Invesco Mortgage Capital (IVR) is schdueled to report earning on Oct 29, 2025, After Close (Confirmed).

What is Invesco Mortgage Capital (IVR) earnings time?

Invesco Mortgage Capital (IVR) earnings time is at Oct 29, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is IVR EPS forecast?

IVR EPS forecast for the fiscal quarter 2025 (Q3) is 0.58.

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