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Jun 30, 2023
Invesco Mortgage Capital Q2 2023 Earnings Report
Announced financial results for the quarter ended June 30, 2023.
Key Takeaways
Invesco Mortgage Capital Inc. reported a net loss per common share of $0.03 for Q2 2023, compared to a net income of $0.39 in Q1 2023. Earnings available for distribution per common share were $1.45. The book value per common share decreased to $11.98 from $12.61 as of March 31, 2023. The company's economic return was (1.8)%, and the debt-to-equity ratio ended the quarter at 5.9x.
Net loss per common share of $0.03 compared to net income of $0.39 in Q1 2023
Earnings available for distribution per common share of $1.45 compared to $1.50 in Q1 2023
Common stock dividend of $0.40 per common share, unchanged from Q1 2023
Book value per common share of $11.98 compared to $12.61 as of March 31, 2023
Forward Guidance
The conclusion of the Federal Reserve’s tightening cycle will result in a reduction of interest rate volatility and, when combined with compelling valuations and favorable funding conditions, will support an attractive investment environment for Agency RMBS in the second half of 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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