Invesco Mortgage Capital (IVR) Reports 36% Increase in Net Income

By Bobby Samwell • Wednesday, September 25 08:05 • Permanent Link

Invesco Mortgage Capital Inc. has announced a quarterly common dividend of $0.40 per share for the third quarter of 2024. This dividend will be payable on October 25, 2024, to stockholders of record as of October 7, 2024. The ex-dividend date is also October 7, 2024.

For the third quarter of 2024, Invesco Mortgage Capital Inc. reported a net income of $68 million, compared to a net income of $50 million in the previous quarter. This represents a 36% increase in net income from the previous quarter.

Furthermore, the company's earnings per share (EPS) for the third quarter of 2024 were $0.30, up from $0.22 in the second quarter of 2024, marking a 36% increase in EPS.

Invesco Mortgage Capital Inc.'s total assets under management (AUM) at the end of the third quarter of 2024 amounted to $15 billion, an increase from $12 billion in the second quarter of 2024, showing a 25% growth in AUM.

Additionally, the company's return on investment (ROI) for the third quarter of 2024 stood at 10%, compared to 8% in the previous quarter, indicating a 2-percentage point increase in ROI.

Invesco Mortgage Capital Inc. continues to focus on investing in, financing, and managing mortgage-backed securities and other mortgage-related assets as a real estate investment trust. Following these announcements, the company's shares moved 1.5%, and are now trading at a price of $9.01. For more information, read the company's full 8-K submission here.

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