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Atrium Mortgage Invest (TSE:AI)
TSX:AI
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.26Last Year’s EPS
0.25Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive outcome driven by modest annual earnings growth (net income +2.5% YoY, EPS $1.03), portfolio growth (+3.4% YoY), lower funding costs, stable credit loss coverage (332 bps), and strong liquidity (40% debt, expanded $380M credit facility). Management also announced a $0.10 special dividend and highlighted operational improvements (larger underwriting team, shift into lower-risk commercial and single-family lending). Key negatives include a notable increase in Stage 3 impaired loans (driven by a few commercial loans), continued weakness in residential markets (significant declines in resales and new home sales), and uncertainty around provisioning and new loan origination in a challenging macro environment. Management expects recovery of a $31M Stage 3 loan and remains confident in underwriting and balance sheet strength.Company Guidance
Annual Net Income and EPS Growth
Atrium reported 2025 net income of $49.1 million, a 2.5% increase year-over-year, with basic earnings per share of $1.03, ahead of the fixed dividend rate of $0.93.
Q4 Profitability and Special Dividend
Net income in Q4 was $12.2 million with basic EPS of $0.25; the company declared a $0.10 per share special dividend, bringing total 2025 dividends to $1.03 per share (equal to EPS).
Portfolio Growth
Mortgage portfolio grew to $917.1 million at year-end, up 3.4% from $886.7 million at Dec 31, 2024, driven by $358.6 million of mortgage advances versus $316.6 million of repayments.
Improved Funding Costs and Liquidity
Weighted average cost of borrowing on the credit facility fell to 5.08% from 7.03% prior year. Balance sheet debt remained low at 40% with $283 million drawn on a $380 million facility and healthy available capacity; committed LOC increased from $340 million to $380 million and 3 new lenders were added.
Conservative Underwriting and Portfolio Quality Metrics
95.2% of mortgages are first mortgages; average loan-to-value (LTV) was 61.4% (down from 61.9% YoY) and within the targeted range. Portfolio turnover ~39% (repayments $317 million) indicating liquidity.
Shift Toward Lower-Risk Sectors
Commercial loans increased to 28.7% of the portfolio, up $72 million year-over-year (a 38% increase), and single-family & apartment exposure rose to 19.2% (up 14% YoY). Combined, these lower-risk sectors now represent ~48% of the portfolio.
Stable Credit Loss Coverage
Allowance for credit losses was $30.5 million, up 3.1% YoY, representing 332 basis points of the mortgage portfolio (essentially stable vs 333 bps prior year). Yearly provision expense totaled $4.5 million.
Balance Sheet De-risking Actions
Company repaid two convertible debentures (principal $28.7M and $34.4M) during 2025 and maintained capacity to access convertible markets in 2026 if conditions are favorable.
Operational Strength and Team Growth
Underwriting team has more than doubled since 2020; additional hires (2 underwriters in Toronto) and plans to expand in Western Canada indicate capacity to source and underwrite new business.
Expected Recovery of Impaired Loan
Management expects full recovery of a $31 million Stage 3 loan under contract and likely repaid in early Q2 2026, reducing Stage 3 impairment pressure.
TSE:AI 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
TSE:AI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | C$11.85 | C$11.87 | +0.15% |
Nov 12, 2025 | C$10.86 | C$10.82 | -0.36% |
Aug 07, 2025 | C$11.10 | C$11.12 | +0.17% |
May 13, 2025 | C$10.21 | C$10.20 | -0.09% |
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 Atrium Mortgage Invest (TSE:AI) report earnings?
Atrium Mortgage Invest (TSE:AI) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Atrium Mortgage Invest (TSE:AI) earnings time?
Atrium Mortgage Invest (TSE:AI) earnings time is at May 13, 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 TSE:AI EPS forecast?
TSE:AI EPS forecast for the fiscal quarter 2026 (Q1) is 0.26.