Invesco Mortgage Capital Inc. Reports Third Quarter 2024 Financial Results
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Invesco Mortgage Capital Inc. (NYSE: IVR) reported its Q3 2024 financial results, showing a net income per common share of $0.63, a significant improvement from a net loss of $0.38 in Q2 2024. The company maintained its common stock dividend at $0.40 per share, and its book value per share increased to $9.37. The economic return was 5.4%, up from a negative 4.1% in the previous quarter. The improvement was attributed to better agency mortgage valuations as interest rate volatility declined.
November 05, 2024 | 9:30 pm
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Invesco Mortgage Capital Inc. reported a strong Q3 2024 with net income per share of $0.63, a turnaround from a loss in Q2. The dividend remains at $0.40, and book value per share increased. Economic return improved significantly.
The significant improvement in net income per share from a loss in the previous quarter, along with a stable dividend and increased book value, suggests a positive short-term impact on IVR's stock price. The improved economic return further supports this outlook.
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