Invesco Mortgage Capital Reports Q3 2026 Net Loss and Declining Book Value

Invesco Mortgage Capital (IVR) reported a net loss of $0.92 per common share for the third quarter of 2026, a significant reversal from the $0.34 net income recorded in the previous quarter. The company's book value fell to $6.74 per share, representing a 16.1% decline from the end of June. This downturn was driven by increased interest rate volatility and rising Treasury yields during the period. To mitigate risks, management repositioned the investment portfolio, increasing its allocation to Agency RMBS specified pools to 83% while reducing exposure to Agency TBA and CMBS. Despite the quarterly loss, the company maintained a high hedge ratio of 99% on borrowing costs and reported that book value had recovered by approximately 4% as of October 30, 2026.

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