Invesco Mortgage Capital Reports Q3 2026 Net Loss Amid Rising Interest Rate Volatility
Invesco Mortgage Capital Inc. (IVR) reported a net loss of $0.92 per common share for the third quarter ended September 30, 2026, a significant reversal from the $0.34 net income reported in Q2 2026. The company's book value per common share fell by 16.1% to $6.74, resulting in an economic return of -11.6%. CEO Kevin Collins attributed these results to tightening financial conditions and rising interest rate volatility as investors anticipated further Federal Reserve rate hikes. Despite the quarterly loss, the company maintained its monthly common stock dividend at $0.36 per share. The investment portfolio stands at $8.0 billion, primarily composed of Agency RMBS. Management noted that while market spreads widened, they are actively redeploying capital into Agency RMBS to capture attractive risk-adjusted returns and remain optimistic about the long-term outlook for both RMBS and CMBS sectors.
Topics: book value dividends financial results mortgage-backed securities net loss