Invesco Mortgage Capital Inc. reported a net income of $16.3 million and earnings per common share of $0.26 for Q1 2025. Earnings available for distribution per common share were $0.64. The company's investment portfolio primarily consisted of Agency RMBS and Agency CMBS, with a debt-to-equity ratio of 7.1x.
Net income per common share increased to $0.26 in Q1 2025 from a net loss of $0.09 in Q4 2024.
Earnings available for distribution per common share rose to $0.64 in Q1 2025 from $0.53 in Q4 2024.
The company's economic return for the quarter was 2.6%, a significant improvement from (0.5)% in Q4 2024.
The debt-to-equity ratio increased slightly to 7.1x from 6.7x as of December 31, 2024.
The company remains cautious on the near-term outlook for markets due to elevated policy uncertainty but maintains a favorable long-term outlook for Agency RMBS.
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