IVR · Invesco Mortgage Capital Inc.
Price & Indicators
Raw chart and full-history price indicators begin at the captured split on Jun 6, 2022; bars on opposite sides are not compared.
Up next
AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Average borrowings | $5.93B | Q2 2026 | — |
|
|
|||
| Average cost of funds | 3.82% | Six Months Ended June 30, 2026 | — |
|
|
|||
| Average earning asset yields | 5.25% | Six Months Ended June 30, 2026 | — |
|
|
|||
| Average earning assets (at amortized cost) | $6.63B | Q2 2026 | — |
|
|
|||
| Book value per common share | $8.03 | Q2 2026 | — |
|
|
|||
| Debt-to-equity ratio | 6.3 | Q2 2026 | — |
|
|
|||
| Earnings available for distribution non-GAAP | $47.1M | Q2 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Net income (loss) attributable to common stockholders 31.84M
+21.23M (Gain) loss on investments, net
+32.41M Realized (gain) loss on derivative instruments, net
-43.24M Unrealized (gain) loss on derivative instruments, net
+4.86M TBA dollar roll income
-3K (Gain) loss on repurchase and retirement of preferred stock
= Earnings available for distribution 47.1M
|
|||
| Earnings available for distribution per common share non-GAAP | $0.5 | Q2 2026 | — |
|
|
|||
| Economic debt-to-equity ratio non-GAAP | 7.5 | As of June 30, 2026 | — |
|
|
|||
| Economic return | 3.8% | Q2 2026 | — |
| Effective cost of funds | 2.32% | Six Months Ended June 30, 2026 | — |
|
|
|||
| Effective interest expense non-GAAP | $34.6M | Q2 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Total interest expense 55.31M
-20.76M Less: Contractual net interest expense (income) on interest rate swaps recorded as gain (loss) on derivative instruments, net
= Effective interest expense 34.55M
|
|||
| Effective interest rate margin | 2.82% | Three Months Ended June 30, 2026 | — |
|
|
|||
| Effective net interest income non-GAAP | $50.9M | Q2 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Net interest income 30.1M
+20.76M Add: Contractual net interest income (expense) on interest rate swaps recorded as gain (loss) on derivative instruments, net
= Effective net interest income 50.86M
|
|||
| Period-end weighted average asset yields | 5.29% | Q2 2026 | — |
|
|
|||
| Period-end weighted average net interest rate margin | 1.53% | Q2 2026 | — |
|
|
|||
| Total investment portfolio including TBAs | 8.15B | As of June 30, 2026 | — |
| Total repurchase agreement borrowings | 6.21B | As of June 30, 2026 | — |
| Unrestricted cash and unencumbered investments | $548.3M | Q2 2026 | — |
| Average net interest rate margin | 1.44% | Q1 2026 | — |
|
|
|||
| Period-end weighted average cost of funds | 4.04% | Q4 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Mortgage — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
IVR
this stock
Invesco Mortgage Capital Inc.
|
$815.91M | -10.2% | — | — | 9.2% |
|
NLY
Annaly Capital Management Inc
|
$17.89B | +4.2% | — | — | 2.8% |
|
AGNC
AGNC Investment Corp.
|
$12.95B | +1.9% | — | — | 8.4% |
|
STWD
Starwood Property Trust, Inc.
|
$6.11B | -8.9% | -5.3% | — | 4.9% |
|
RITM
Rithm Capital Corp.
|
$5.67B | -6.8% | -6.7% | 16.9 | 7.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
Raw-price comparisons begin at the captured split on Jun 6, 2022; windows that need an earlier baseline remain unavailable.
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| IVR | +0.9% | -1.2% | -10.4% | +1.9% | -10.2% |
| SPY | -2.0% | +3.3% | +11.2% | +2.1% | +11.8% |
| vs SPY | +2.9% | -4.5% | -21.6% | -0.2% | -22.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.