Atrium Mortgage Investment Corporation Announces a Strong Start to 2026 and Declares Dividends for the Third Quarter of 2026
Rhea-AI Summary
Atrium Mortgage Investment Corporation (AMIVF) reported Q1 2026 net income of $12.0 million and basic/diluted EPS of $0.25. The mortgage portfolio totaled $896.2 million with an average loan-to-value of 61.4% and 95.3% in first mortgages. The board declared monthly dividends of $0.0775 for July–September 2026. Total assets were $872.0 million; revenues were $19.8 million for the quarter. A conference call is scheduled for May 8, 2026 to discuss results.
Positive
- Net income of $12.0 million for Q1 2026
- Basic and diluted EPS of $0.25
- Declared monthly dividend of $0.0775 for Q3 2026
- Mortgage portfolio of $896.2 million
- 95.3% of portfolio in first mortgages
- Average loan-to-value of 61.4%
Negative
- Revenues down 9.7% year-over-year to $19.8M
- Total assets decreased to $872.0 million
- Allowance for mortgage losses of $31.1 million (3.5% of gross portfolio)
News Market Reaction – AMIVF
In the May 8 session, AMIVF declined 2.99%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - May 7, 2026) - Atrium Mortgage Investment Corporation (TSX: AI) (TSX: AI.DB.F) (TSX: AI.DB.G) today released its financial results for the three months ended March 31, 2026.
Q1 2026 Highlights
Quarterly net income of
$12.0 million , compared to$11.9 million in the prior yearQuarterly basic and diluted earnings per share of
$0.25 Mortgage portfolio of
$896.2 million Well-secured mortgage portfolio
95.3% of the portfolio in first mortgages91.0% of the portfolio is less than75% loan-to-valueAverage loan-to-value is
61.4%
"Atrium's first quarter of 2026 reflects our continued discipline in underwriting new loans and in managing the existing portfolio. Despite a challenging lending environment, we earned basic and diluted earnings per share of
Conference call
Interested parties are invited to participate in a conference call with management on Friday, May 8, 2026 at 9:00 a.m. ET to discuss the results. To participate or listen to the conference call live, please call 1-833-491-0507 (call topic: First quarter results). For a replay of the conference call (available until May 20, 2026) please call 1-833-607-0619, passcode 9671642#.
Results of operations
Atrium reported assets of
For the three months ended March 31, 2026 , basic and diluted earnings per common share were
Mortgages receivable as at March 31, 2026 were
Consolidated Statements of Income and Comprehensive Income
(Unaudited, 000s, except per share amounts)
| Three months ended March 31, | |||||||||||
| 2026 | 2025 | ||||||||||
| Revenue | $ | 19,836 | $ | 21,963 | |||||||
| Mortgage servicing and management fees | (2,158 | ) | (2,176 | ) | |||||||
| Other expenses | (520 | ) | (351 | ) | |||||||
| Provision for credit losses | (651 | ) | (2,161 | ) | |||||||
| Income before financing costs | 16,507 | 17,275 | |||||||||
| Financing costs | (4,492 | ) | (5,374 | ) | |||||||
| Net income and comprehensive income | $ | 12,015 | $ | 11,901 | |||||||
| Basic earnings per share | $ | 0.25 | $ | 0.25 | |||||||
| Diluted earnings per share | $ | 0.25 | $ | 0.25 | |||||||
| Dividends declared | $ | 11,170 | $ | 10,995 | |||||||
| Mortgages receivable, end of period | $ | 870,778 | $ | 851,615 | |||||||
| Total assets, end of period | $ | 872,003 | $ | 852,848 | |||||||
| Shareholders' equity, end of period | $ | 528,405 | $ | 520,460 | |||||||
| Book value per share, end of period | $ | 10.98 | $ | 10.98 | |||||||
Mortgage portfolio
(carrying amounts in 000s)
| As at March 31, 2026 | As at December 31, 2025 | |||||||||||||||||||||||||||||||
| Carrying | % of | Carrying | % of | |||||||||||||||||||||||||||||
| Property Type | Number | amount | Portfolio | Number | amount | Portfolio | ||||||||||||||||||||||||||
| High-rise residential | 18 | $ | 244,005 | 18 | $ | 245,843 | ||||||||||||||||||||||||||
| Mid-rise residential | 11 | 87,602 | 13 | 103,088 | ||||||||||||||||||||||||||||
| Low-rise residential | 13 | 123,205 | 13 | 127,504 | ||||||||||||||||||||||||||||
| House and apartment | 259 | 180,300 | 251 | 176,254 | ||||||||||||||||||||||||||||
| Condominium corporation | 4 | 1,058 | 4 | 1,091 | ||||||||||||||||||||||||||||
| Residential portfolio | 305 | 636,170 | 299 | 653,780 | ||||||||||||||||||||||||||||
| Commercial | 27 | 260,059 | 27 | 263,294 | ||||||||||||||||||||||||||||
| Mortgage portfolio | 332 | $ | 896,229 | 326 | $ | 917,074 | ||||||||||||||||||||||||||
| As at March 31, 2026 | ||||||||||||||||||||||||||||||||||
| Location of underlying property | Number of mortgages | Carrying amount | % of Portfolio | Weighted average loan-to-value | Weighted average interest rate | |||||||||||||||||||||||||||||
| Greater Toronto Area ("GTA") | 259 | $ | 783,674 | |||||||||||||||||||||||||||||||
| Non-GTA Ontario | 61 | 66,026 | ||||||||||||||||||||||||||||||||
| British Columbia | 12 | 46,529 | ||||||||||||||||||||||||||||||||
| 332 | $ | 896,229 | ||||||||||||||||||||||||||||||||
| As at December 31, 2025 | ||||||||||||||||||||||||||||||||||
| Location of underlying property | Number of mortgages | Carrying amount | % of Portfolio | Weighted average loan-to-value | Weighted average interest rate | |||||||||||||||||||||||||||||
| GTA | 249 | $ | 793,802 | |||||||||||||||||||||||||||||||
| Non-GTA Ontario | 63 | 67,210 | ||||||||||||||||||||||||||||||||
| British Columbia | 14 | 56,062 | ||||||||||||||||||||||||||||||||
| 326 | $ | 917,074 | ||||||||||||||||||||||||||||||||
For further information on the financial results, further analysis of the company's mortgage portfolio, and definitions of non-IFRS measures, please refer to Atrium's interim condensed consolidated financial statements and its management's discussion and analysis for the three months ended March 31, 2026, available on SEDAR+ at www.sedarplus.ca, and on the company's website at www.atriummic.com.
2026 Third Quarter Dividends
Atrium is pleased to announce that the Board of Directors has declared a monthly cash dividend of
| Dividend Month | Record Date | Dividend Payment Date |
| July 2026 | July 31, 2026 | August 12, 2026 |
| August 2026 | August 31, 2026 | September 11, 2026 |
| September 2026 | September 30, 2026 | October 9, 2026 |
About Atrium
Canada's Premier Non-Bank Lender™
Atrium is a non-bank provider of residential and commercial mortgages that lends in major urban centres in Canada where the stability and liquidity of real estate are high. Atrium's objectives are to provide its shareholders with stable and secure dividends and preserve shareholders' equity by lending within conservative risk parameters. Atrium is a Mortgage Investment Corporation ("MIC") as defined in the Canada Income Tax Act, so is not taxed on income provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after December 31 each year. Such dividends are generally treated by shareholders as interest income, so that each shareholder is in the same position as if the mortgage investments made by the company had been made directly by the shareholder. For further information about Atrium, please refer to regulatory filings available at www.sedarplus.ca or investor information on Atrium's website at www.atriummic.com.
For additional information, please contact
Robert G. Goodall
Chief Executive Officer
Chris Anastasopoulos
Chief Financial Officer
(416) 867-1053
info@atriummic.com
www.atriummic.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296583