Atrium Mortgage Invest (AI) AI Stock Analysis

• Market Cap: C$558.92M
• Dividend Yield: 7.95%
• Average Volume (3M): 97.34K
• Price to Earnings (P/E): 11.2
• Beta (1Y): 0.53
• Revenue Growth: -13.69%
• EPS Growth: -1.60%
• Country: CA
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Mortgages
• EPS (TTM): 0.25
• Shares Outstanding: 47,812,035
• 10 Day Avg. Volume: 100,490
• 30 Day Avg. Volume: 97,343
• PEG Ratio: -1.01
• Price to Book (P/B): 0.95
• Price to Sales (P/S): 5.53
• P/FCF Ratio: 7.20
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$13.00
• Price Target Upside: 11.21% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: C$13.00 ▲(11.21% Upside)

The score is driven by attractive valuation (low P/E and high yield) and supportive technical momentum, balanced against the biggest fundamental risk: the sharp TTM swing to negative operating/free cash flow. Earnings-call details add caution due to rising Stage 2/Stage 3 loans and renewed loss provisioning despite stable earnings.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and effective business model, enhancing long-term financial stability and shareholder value.

Cash Flow Management

Strong cash flow management ensures liquidity and operational flexibility, allowing the company to reinvest in growth opportunities and manage debt effectively.

Dividend Policy

A stable dividend policy with reinvestment options supports shareholder returns and promotes long-term investment growth, enhancing investor confidence.

Negative Factors

Debt Levels

High debt levels can strain financial resources, limiting the company's ability to invest in growth and increasing vulnerability to interest rate changes.

Margin Volatility

Volatility in profit margins suggests challenges in cost management, which can impact profitability and financial predictability over time.

Leadership Change

Frequent leadership changes can disrupt strategic continuity and operational efficiency, potentially affecting long-term business performance.

Atrium Mortgage Invest Business Overview & Revenue Model

Company Description

Atrium Mortgage Investment Corporation, a non-bank lender, provides financing solutions to the real estate communities in Ontario, Alberta, and British Columbia. It offers various types of mortgage loans for residential, multi-residential, and commercial real properties, which includes first and second mortgages; infill construction and financing; land and land assembly financing for stacked and traditional townhomes, single detached homes, and low-rise and midrise condominiums; and bridge and term financing. The company was incorporated in 2001 and is headquartered in Toronto, Canada.

How the Company Makes Money

Atrium Mortgage Investment Corporation makes money by earning interest on the funds it lends through mortgages. The company's primary revenue stream is the interest income generated from its mortgage portfolio. Atrium focuses on higher-yielding, non-conventional mortgages, allowing it to charge premium interest rates compared to traditional financial institutions. In addition to interest income, Atrium may also generate revenue from origination fees, renewal fees, and other related charges associated with mortgage lending. The company's profitability is influenced by factors such as interest rate environments, property market conditions, and its ability to effectively manage credit risk. Atrium maintains relationships with mortgage brokers and real estate professionals to source lending opportunities, contributing to its earnings.

Atrium Mortgage Invest Financial Statement Overview

Summary

Atrium Mortgage Invest exhibits a solid financial position with consistent revenue growth and effective cash flow management. While profitability remains strong, volatility in gross profit margins and high debt levels present potential risks. Overall, the company's financial health is sound, with opportunities for further improvement in cost management and leverage.

Income Statement

The company has shown consistent revenue growth over the years, with a notable increase from $44.4M in 2020 to $62.7M in 2024. However, the gross profit margin recently turned negative in 2023 and improved in 2024, indicating volatility in cost management. The net profit margin remains strong, showcasing decent profitability despite fluctuations in EBIT and EBITDA.

Balance Sheet

Atrium Mortgage Invest maintains a healthy equity ratio, with stockholders' equity forming a significant portion of total assets. The debt-to-equity ratio has shown improvement, reflecting better leverage management. However, the relatively high total debt level poses a risk if not managed carefully. Return on equity remains robust, indicating efficient use of equity capital.

Cash Flow

The company has demonstrated strong free cash flow generation, with consistent growth over the years. Operating cash flow consistently exceeds net income, highlighting effective cash generation from operations. The free cash flow to net income ratio is favorable, reinforcing solid cash management capabilities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	80.30M	88.70M	90.11M	69.84M	56.99M	57.98M
Gross Profit	51.46M	49.15M	52.78M	49.26M	43.17M	40.60M
EBITDA	54.76M	47.85M	51.48M	46.33M	41.79M	39.19M
Net Income	49.59M	47.85M	51.48M	46.33M	41.79M	39.19M
Balance Sheet
Total Assets	894.42M	864.30M	877.88M	874.78M	775.49M	755.32M
Cash, Cash Equivalents and Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00
Total Debt	358.37M	147.44M	169.60M	168.96M	174.54M	284.88M
Total Liabilities	367.47M	347.32M	395.67M	399.22M	305.32M	292.43M
Stockholders Equity	526.95M	516.98M	482.21M	475.56M	470.17M	462.89M
Cash Flow
Free Cash Flow	-35.07M	68.13M	34.87M	58.07M	67.89M	56.41M
Operating Cash Flow	-35.07M	68.13M	34.87M	58.07M	67.89M	56.41M
Investing Cash Flow	30.55M	0.00	13.28M	-87.81M	-33.02M	-16.55M
Financing Cash Flow	-38.26M	-68.13M	-48.15M	29.74M	-34.86M	-39.85M

Atrium Mortgage Invest Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.69
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AI, the sentiment is Positive. The current price of 11.69 is above the 20-day moving average (MA) of 11.66, above the 50-day MA of 11.44, and above the 200-day MA of 11.08, indicating a bullish trend. The MACD of 0.06 indicates Positive momentum. The RSI at 58.70 is Neutral, neither overbought nor oversold. The STOCH value of 39.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:AI.

Atrium Mortgage Invest Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AGF.B	78 Outperform	C$1.08B	9.60	9.85%	3.01%	11.23%	30.44%
AI	70 Outperform	C$558.92M	11.16	9.72%	7.95%	-13.69%	-1.60%
FC	69 Neutral	C$447.83M	11.82	8.90%	8.38%	-6.64%	4.43%
MKP	69 Neutral	C$912.62M	13.62	10.50%	7.33%	7.74%	-31.96%
TF	68 Neutral	C$594.17M	15.67	5.52%	10.00%	-9.00%	-35.22%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
VBNK	67 Neutral	C$693.54M	24.04	6.08%	0.49%	3.31%	-39.12%

Atrium Mortgage Invest Corporate Events

Atrium Mortgage Investment Keeps 2026 Dividend Rate Steady and Confirms Q1 Payouts

Atrium Mortgage Investment Corporation has confirmed that its annual dividend rate for 2026 will remain unchanged at $0.93 per common share, paid in monthly installments of $0.0775, with the board approving cash dividends for January, February and March 2026 on specified record and payment dates. The company also flagged the possibility of a special dividend related to its 2025 taxable income and reminded investors of its Dividend Reinvestment Plan, which allows shareholders to reinvest dividends into new Atrium shares at a 2% discount, reinforcing the firm’s emphasis on steady income and long-term capital compounding for its investor base.

The most recent analyst rating on (TSE:AI) stock is a Buy with a C$13.00 price target. To see the full list of analyst forecasts on Atrium Mortgage Invest stock, see the TSE:AI Stock Forecast page.

Atrium Mortgage Investment Corporation Declares December 2025 Dividend

Atrium Mortgage Investment Corporation has declared a December 2025 dividend of $0.0775 per common share, payable on January 13, 2026, to shareholders recorded by December 31, 2025. The company offers a Dividend Reinvestment Plan (DRIP) allowing shareholders to reinvest dividends in new shares at a 2% discount, facilitating investment growth through compounding. This announcement underscores Atrium’s commitment to providing stable returns and maintaining shareholder equity.

The most recent analyst rating on (TSE:AI) stock is a Buy with a C$13.00 price target. To see the full list of analyst forecasts on Atrium Mortgage Invest stock, see the TSE:AI Stock Forecast page.

Atrium Mortgage Investment Corporation Declares November Dividend and Announces Q3 2025 Results Call

Atrium Mortgage Investment Corporation has announced a November 2025 dividend of $0.0775 per common share, payable on December 11, 2025. The company also offers a Dividend Reinvestment Plan (DRIP) that allows shareholders to reinvest dividends into new shares at a 2% discount. Additionally, Atrium will release its Q3 2025 financial results on November 12, 2025, followed by an investor conference call on November 13, 2025, to discuss these results. This announcement underscores Atrium’s commitment to delivering consistent dividends and engaging with its investors.

The most recent analyst rating on (TSE:AI) stock is a Buy with a C$12.98 price target. To see the full list of analyst forecasts on Atrium Mortgage Invest stock, see the TSE:AI Stock Forecast page.