Invesco Mortgage Capital Inc (IVR)
NYSE:IVR
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.53Last Year’s EPS
0.58Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call described a challenging first quarter marked by a meaningful 7.9% decline in book value and heightened volatility that pressured higher-coupon Agency RMBS and tightened swap spreads. Offsetting factors included a 19% quarter-over-quarter portfolio growth funded by a $134M ATM, strong hedge coverage (96%), ample liquidity ($493.1M of unencumbered assets), reduced preferred equity to ~20% of equity, attractive leveraged return prospects (mid–high teens for RMBS; low double digits for CMBS), and a post-quarter ~2% book value recovery. Overall, positives around capital actions, funding stability, diversification into Agency CMBS, and attractive yields partially mitigated the quarter’s mark-to-market weakness, leaving a balanced view of near-term risk versus structural strengths.Company Guidance
Portfolio Growth and Composition
Investment portfolio grew 19% quarter-over-quarter to $7.3 billion, comprised of $5.2B Agency RMBS, $1.2B Agency TBA (≈17% of portfolio), and $0.9B Agency CMBS. Purchases focused in 4.5%–5.5% coupons and TBAs to capture attractive dollar roll financing.
Prepayment Protection and Diversification
Over 80% of the portfolio has prepayment protection via more than $5.0B of specified-pool Agency RMBS and nearly $0.9B of Agency CMBS; continued preference for lower loan-balance specified pools to improve cash-flow predictability.
Capital Actions and Improved Capital Structure
Raised nearly $134 million net via ATM in Q1; reduced preferred equity to approximately 20% of total equity, lowering cost and benefiting common shareholders; shifted to monthly dividend payments ($0.12 per month) to better align with income investors.
Hedge Coverage and Funding Stability
Hedged 96% of borrowing costs at quarter end (hedge ratio increased from 87% to 96%); hedges weighted toward interest rate swaps (81% of notional, 65% dollar-duration). Repo financing remained available and stable; unrestricted cash and unencumbered investments totaled $493.1M.
Attractive Levered Returns
Agency RMBS current-coupon spread to a 5-/10-year SOFR blend ended the quarter near 165 bps (25 bps wider than year-end), implying levered gross returns in the high teens (mid–upper teens in April). Agency CMBS levered gross returns in the low double digits and outperformed Agency RMBS during the quarter.
Post-Quarter Book Value Recovery
Book value improved approximately 2% since quarter end as risk sentiment improved and rate volatility moderated in April, partially offsetting first-quarter declines.
IVR Earnings History
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 |
|---|---|---|---|
Apr 30, 2026 | $8.13 | $8.33 | +2.46% |
Jan 29, 2026 | $8.52 | $8.22 | -3.49% |
Oct 30, 2025 | $6.49 | $6.81 | +5.03% |
Jul 24, 2025 | $6.60 | $6.66 | +0.91% |
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 Inc (IVR) report earnings?
Invesco Mortgage Capital Inc (IVR) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Invesco Mortgage Capital Inc (IVR) earnings time?
Invesco Mortgage Capital Inc (IVR) earnings time is at Jul 30, 2026, 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 2026 (Q2) is 0.53.