Invesco Mortgage Capital (IVR) reported FY 2025 net income of USD 101.28 million and net income attributable to common stockholders of USD 88.17 million, or USD 1.32 per diluted share. Net interest income was USD 75.42 million, reflecting interest income of USD 295.29 million and interest expense of USD 219.87 million, while gain on investments, net was USD 149.34 million and loss on derivative instruments, net was USD 104.93 million. Book value per common share was USD 8.72 as of December 31, 2025 (down 2.2% YoY), and IVR ended the year with a 7.0 debt-to-equity ratio. IVR’s total investment portfolio was USD 6.28 billion at fair value as of December 31, 2025, comprised primarily of 30-year fixed-rate Agency RMBS (USD 5.31 billion; approximately 85% of the portfolio) and Agency CMBS (USD 898.13 million; approximately 14%). The company said it sold its remaining non-Agency securities during 2025. Repurchase agreements totaled USD 5.62 billion at December 31, 2025, and cash, cash equivalents and restricted cash were USD 166.4 million. Management noted the FOMC lowered rates by 25 basis points on three occasions during 2025 and said it remains constructive on Agency RMBS amid lower rate volatility, while also highlighting Agency CMBS as offering diversification benefits; it also cited announcements that Fannie Mae and Freddie Mac will purchase USD 200 billion in Agency RMBS.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Invesco Mortgage Capital Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437071-26-000015), on February 23, 2026, and is solely responsible for the information contained therein.
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