Invesco Mortgage Capital Inc. reports developments for a mortgage REIT that invests in, finances and manages mortgage-backed securities and other mortgage-related assets. Company updates commonly cover quarterly earnings, earnings available for distribution, book value, economic return, common stock dividends and leverage measures tied to its Agency RMBS, Agency CMBS and TBA positions.
Recurring news also includes portfolio characteristics, liquidity, repurchase agreement financing, interest-rate and mortgage-spread commentary, and governance changes at the externally managed REIT. The company is managed and advised by Invesco Advisers, Inc., an indirect wholly owned subsidiary of Invesco Ltd.
Invesco Mortgage Capital (NYSE: IVR) has appointed W. Wesley McMullan to its Board of Directors, effective immediately. McMullan, 61, brings extensive experience from his 33-year tenure at the Federal Home Loan Bank of Atlanta, including 11 years as President and CEO. His expertise spans financial disciplines such as banking, mortgage-backed securities, SEC regulatory compliance, and portfolio management. McMullan will also serve on the Audit, Compensation, and Nomination and Corporate Governance committees. The appointment is expected to enhance the Board's strategic oversight and contribute positively to the company's core portfolio management.
Invesco Mortgage Capital Inc. reported financial results for the first quarter of 2024, showing net income per common share of $0.49, earnings available for distribution per common share of $0.86, and a common stock dividend of $0.40. The company experienced an economic return of 4.8% due to higher coupon Agency RMBS performance and wider spreads on the swap portfolio. John Anzalone, the CEO, highlighted the impact of rising interest rates on the market, leading to a positive quarter.
Invesco Mortgage Capital Inc. (NYSE: IVR) will announce its first quarter 2024 results on May 8, 2024. A conference call will be held on May 9, 2024, with key executives presenting. Participants can access the presentation on the company's website.
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