Atrium Mortgage Investment Corporation Announces Strong Third Quarter Earnings per Share
Atrium Mortgage Investment Corporation (AMIVF) reported Q3 2025 results: basic and diluted EPS $0.25 (vs $0.26 prior year) and net income $11.9 million, up 2.5% year-over-year. Mortgage portfolio totaled $917.3 million with 96.0% first mortgages, 94.3% of loans <75% LTV and a weighted average LTV of 60.8%. Weighted average interest rate on the portfolio was 9.20%. Assets were $894.4 million and allowance for mortgage losses was $29.5 million (3.2% of portfolio). Subsequent to quarter end, Atrium expanded its credit facility from $340M to $380M and appointed PricewaterhouseCoopers LLP as auditor for the year ending Dec 31, 2025.
Atrium Mortgage Investment Corporation (AMIVF) ha riportato i risultati del terzo trimestre 2025: EPS base e diluito di 0,25 USD (rispetto a 0,26 USD dello stesso periodo dell'anno precedente) e utile netto di 11,9 milioni di USD, in aumento del 2,5% su base annua. Il portafoglio ipotecario ammontava a 917,3 milioni di USD con 96,0% di ipoteche di primo grado, 94,3% dei prestiti con LTV <75% e un LTV medio ponderato del 60,8%. Il tasso di interesse medio ponderato del portafoglio era 9,20%. Attivi pari a 894,4 milioni di USD e accantonamento per perdite su ipoteca pari a 29,5 milioni di USD (3,2% del portafoglio). Dopo la chiusura del trimestre, Atrium ha ampliato la sua linea di credito da 340 M USD a 380 M USD e ha nominato PricewaterhouseCoopers LLP quale revisore per l’esercizio al 31 dicembre 2025.
Atrium Mortgage Investment Corporation (AMIVF) informó resultados del tercer trimestre de 2025: beneficio por acción básico y diluido de $0.25 (frente a $0.26 del año anterior) y utilidad neta de $11.9 millones, un incremento del 2.5% interanual. La cartera hipotecaria totalizó $917.3 millones con 96.0% de hipotecas de primer grado, 94.3% de préstamos con LTV <75% y un LTV ponderado del 60.8%. La tasa de interés ponderada de la cartera fue 9.20%. Los activos fueron $894.4 millones y la reserva para pérdidas por hipotecas fue de $29.5 millones (3.2% de la cartera). Después del cierre del trimestre, Atrium amplió su facilidad de crédito de $340 millones a $380 millones y designó a PricewaterhouseCoopers LLP como auditor para el año que termina el 31 de diciembre de 2025.
Atrium Mortgage Investment Corporation (AMIVF)은 2025년 3분기 실적을 발표했습니다: 기본 및 희석 주당순이익 0.25달러 (전년 동기 0.26달러)와 순이익 1190만 달러, 전년 대비 2.5% 증가. 모기지 포트폴리오는 9.173억 달러로 구성되었으며 96.0%가 1차 모기지, 대출의 94.3%가 LTV 75% 미만, 가중 평균 LTV는 60.8%입니다. 포트폴리오의 가중 평균 금리는 9.20%였고 자산은 8,9440억 달러였으며 모기지 손실 충당금은 2,95억 달러로 포트폴리오의 3.2%에 해당합니다. 분기 말 이후 Atrium은 신용 한도를 3.40억 달러에서 3.80억 달러로 확대했고 2025년 12월 31일로 끝나는 회계연도에 PricewaterhouseCoopers LLP를 감사인으로 임명했습니다.
Atrium Mortgage Investment Corporation (AMIVF) a publié les résultats du T3 2025 : bénéfice par action de base et dilué de 0,25 $ (contre 0,26 $ l’an dernier) et un résultat net de 11,9 millions $, en hausse de 2,5 % sur un an. Le portefeuille hypothécaire s’élevait à 917,3 millions $ avec 96,0 % d’hypothèques de premier rang, 94,3 % des prêts avec LTV < 75 % et un LTV moyen pondéré de 60,8 %. Le taux d’intérêt moyen pondéré du portefeuille était de 9,20 %. Les actifs se situaient à 894,4 millions $ et la provision pour pertes sur hypothèques était de 29,5 millions $ (3,2 % du portefeuille). Après la clôture du trimestre, Atrium a étendu sa facilité de crédit de 340 M$ à 380 M$ et nommé PricewaterhouseCoopers LLP en tant qu’auditeur pour l’année se terminant le 31 décembre 2025.
Atrium Mortgage Investment Corporation (AMIVF) hat die Ergebnisse des dritten Quartals 2025 veröffentlicht: Basis- und dilutierte EPS von 0,25 USD (gegenüber 0,26 USD im Vorjahr) und Nettoeinkommen von 11,9 Mio. USD, YoY +2,5 %. Das Hypothekenportfolio belief sich auf 917,3 Mio. USD mit 96,0 % Ersthypotheken, 94,3 % der Kredite mit LTV <75 % und einem gewichteten durchschnittlichen LTV von 60,8 %. Der gewichtete durchschnittliche Zinssatz des Portfolios betrug 9,20 %. Vermögenswerte lagen bei 894,4 Mio. USD und die Rückstellungen für hypothekenbezogene Verluste lagen bei 29,5 Mio. USD (3,2 % des Portfolios). Nach Quartalsende hat Atrium seine Kreditfazilität von 340 Mio. USD auf 380 Mio. USD erweitert und PricewaterhouseCoopers LLP als Prüfer für das Geschäftsjahr mit Abschluss zum 31. Dezember 2025 ernannt.
Atrium Mortgage Investment Corporation (AMIVF) أعلنت نتائج الربع الثالث من 2025: ربحية السهم الأساسية والمخفّفة 0.25 دولار (مقابل 0.26 دولار في السنة السابقة) وصافي الدخل 11.9 مليون دولار، بزيادة 2.5% على أساس سنوي. بلغت محفظة الرهن العقاري الإجمالية 917.3 مليون دولار، مع 96.0% من الرهون من الدرجة الأولى، و94.3% من القروض بــ LTV أقل من 75%، ومتوسط LTV مُوزون قدره 60.8%. كان معدل الفائدة المتوسط المُوزون للمحفظة 9.20%. الأصول بلغت 894.4 مليون دولار واحتياطي الخسائر الرهنية كان 29.5 مليون دولار (3.2% من المحفظة). عقب نهاية الربع، وسّعت Atrium تسهيلات الائتمان من 340 مليون دولار إلى 380 مليون دولار وعينت PricewaterhouseCoopers LLP كمراجِع لسنة انتهت في 31 ديسمبر 2025.
- Financing costs down 24.5% quarter-over-year
- Provision for mortgage losses down 53% versus prior quarter
- Dividends declared up 10.8% versus prior year quarter
- Credit facility expanded from $340M to $380M
- Revenue declined 14.2% for Q3 2025 versus Q3 2024
Toronto, Ontario--(Newsfile Corp. - November 12, 2025) - Atrium Mortgage Investment Corporation (TSX: AI) today released its financial results for the three and nine months periods ended September 30, 2025.
Highlights
Quarterly basic and diluted earnings per share of
$0.25 , compared with$0.26 in the previous yearQuarterly net income of
$11.9 million , an increase of2.5% from the previous yearMortgage portfolio of
$917.3 million High quality mortgage portfolio
96.0% of portfolio in first mortgages94.3% of portfolio is less than75% loan-to-valueaverage loan-to-value is
60.8%
"Atrium continues to deliver strong and stable earnings per share, even amid a challenging economic environment. Loan originations for the first nine months of 2025 have increased compared to the same period last year, reflecting the dedication and expertise of our underwriting team in maintaining high-quality standards and low loan-to-value ratios," noted Rob Goodall, CEO of Atrium. "Subsequent to quarter end, we expanded our line of credit from
Conference call
Interested parties are invited to participate in a conference call with management on Thursday, November 13, 2025 at 4:00 p.m. ET to discuss the results. To participate or listen to the conference call live, please call 1-833-491-0507 (call topic: third quarter results). For a replay of the conference call (available until November 27, 2025) please call 1-833-607-0619, passcode 4780303#.
Results of operations
For the three months ended September 30, 2025, Atrium reported assets of
Basic and diluted earnings per common share were
Mortgages receivable as at September 30, 2025 were
Update to previous news release
On June 30, 2025, Atrium announced that a public offering of debentures was terminated due to additional time required by a predecessor auditor to complete further remediation procedures identified by the Canadian Public Accountability Board over and above the initial remediation procedures previously performed. Atrium has been informed by the predecessor auditor that the remediation procedures have been completed and the audit opinions for Atrium's annual financial statements as at and for the years ended December 31, 2023 and 2024 are fully supported and no restatements are required.
Financial summary
Interim Consolidated Statements of Income and Comprehensive Income
(Unaudited, 000s, except per share amounts)
| Three months ended | Nine months ended | |||||||||||
| September 30, | September 30, | |||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||
| Revenue | $ | 21,039 | $ | 24,514 | $ | 64,187 | $ | 74,637 | ||||
| Mortgage servicing and management fees | (2,191 | ) | (2,168 | ) | (6,557 | ) | (6,414 | ) | ||||
| Other expenses | (486 | ) | (414 | ) | (1,631 | ) | (1,064 | ) | ||||
| Recovery of prior mortgage loss | 335 | - | 473 | 183 | ||||||||
| Provision for mortgage losses | (1,632 | ) | (3,488 | ) | (3,925 | ) | (11,707 | ) | ||||
| Income before financing costs | 17,065 | 18,444 | 52,547 | 55,635 | ||||||||
| Financing costs | (5,165 | ) | (6,839 | ) | (15,633 | ) | (20,460 | ) | ||||
| Net income and comprehensive income | $ | 11,900 | $ | 11,605 | $ | 36,914 | $ | 35,175 | ||||
| Basic earnings per share | $ | 0.25 | $ | 0.26 | $ | 0.78 | $ | 0.79 | ||||
| Diluted earnings per share | $ | 0.25 | $ | 0.26 | $ | 0.78 | $ | 0.79 | ||||
| Dividends declared | $ | 11,087 | $ | 10,004 | $ | 33,130 | $ | 29,906 | ||||
| Mortgages receivable, end of period | $ | 893,266 | $ | 902,318 | $ | 893,266 | $ | 902,318 | ||||
| Total assets, end of period | $ | 894,421 | $ | 903,562 | $ | 894,421 | $ | 903,562 | ||||
| Shareholders' equity, end of period | $ | 526,953 | $ | 493,610 | $ | 526,953 | $ | 493,610 | ||||
| Book value per share, end of period | $ | 11.03 | $ | 11.09 | $ | 11.03 | $ | 11.09 | ||||
Analysis of mortgage portfolio
| As at September 30, 2025 | As at December 31, 2024 | ||||||||||||||||
| Outstanding | % of | Outstanding | % of | ||||||||||||||
| Property Type | Number | amount | Portfolio | Number | amount | Portfolio | |||||||||||
| (outstanding amounts in 000s) | |||||||||||||||||
| High-rise residential | 19 | $ | 253,455 | 17 | $ | 247,202 | |||||||||||
| Mid-rise residential | 14 | 109,146 | 20 | 139,738 | |||||||||||||
| Low-rise residential | 13 | 127,159 | 12 | 152,827 | |||||||||||||
| House and apartment | 254 | 175,643 | 219 | 154,713 | |||||||||||||
| Condominium corporation | 4 | 1,123 | 6 | 1,279 | |||||||||||||
| Residential portfolio | 304 | 666,526 | 274 | 695,759 | |||||||||||||
| Commercial | 26 | 250,785 | 24 | 190,939 | |||||||||||||
| Mortgage portfolio | 330 | $ | 917,311 | 298 | $ | 886,698 | |||||||||||
| As at September 30, 2025 | ||||||||||||
| Weighted | Weighted | |||||||||||
| Number of | Outstanding | Percentage | average | average | ||||||||
| Location of underlying property | mortgages | amount | outstanding | loan-to-value | interest rate | |||||||
| (outstanding amounts in 000s) | ||||||||||||
| Greater Toronto Area | 245 | $ | 799,264 | |||||||||
| Non-GTA Ontario | 69 | 51,425 | ||||||||||
| British Columbia | 16 | 66,622 | ||||||||||
| 330 | $ | 917,311 | ||||||||||
| As at December 31, 2024 | ||||||||||||
| Weighted | Weighted | |||||||||||
| Number of | Outstanding | Percentage | average | average | ||||||||
| Location of underlying property | mortgages | amount | outstanding | loan-to-value | interest rate | |||||||
| (outstanding amounts in 000s) | ||||||||||||
| Greater Toronto Area | 211 | $ | 791,809 | |||||||||
| Non-GTA Ontario | 73 | 40,816 | ||||||||||
| British Columbia | 14 | 54,073 | ||||||||||
| 298 | $ | 886,698 | ||||||||||
Loan-to-value is calculated as a weighted average of the mortgage commitment, including loans outstanding, divided by the value of the underlying asset. Book value per share is calculated as shareholders' equity divided by the number of shares outstanding at the reporting date.
For further information on the financial results, and further analysis of the company's mortgage portfolio, please refer to Atrium's interim consolidated financial statements and its management's discussion and analysis for the three- and nine-month periods ended September 30, 2025, available on SEDAR+ at www.sedarplus.ca, and on the company's website at www.atriummic.com.
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
Jeffrey D. Sherman
Interim 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/274198
FAQ
What were Atrium (AMIVF) Q3 2025 earnings per share and net income?
How large is Atrium's mortgage portfolio as of September 30, 2025 (AMIVF)?
What changes to Atrium's credit facility were announced after Q3 2025 (AMIVF)?
Did Atrium (AMIVF) report any change in portfolio quality or LTV in Q3 2025?
Was there a change in Atrium's auditor announced with the Q3 2025 results (AMIVF)?
How did Atrium (AMIVF) revenue and financing costs move in Q3 2025?
