Invesco Mortgage Capital Q4 2025 Earnings Call Insights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 30 2026
0mins
Should l Buy IVR?
Source: seekingalpha
- Improved Financial Conditions: Invesco reported an 8% economic return for Q4 2025, with a 3.7% increase in book value per share to $8.72, supported by two Federal Reserve rate cuts and a solid economic growth environment, indicating strong performance amidst favorable financial conditions.
- Portfolio Expansion: By year-end, Invesco's portfolio grew to $6.3 billion, including $5.4 billion in agency mortgages and $900 million in agency CMBS, with a robust liquidity position of $453 million in unrestricted cash and unencumbered assets, ensuring future investment capabilities.
- Leverage Strategy Adjustment: The company modestly increased leverage to 7x, reflecting confidence in the current investment environment, as management believes that agency mortgages remain optimistic due to low volatility and strong supply-demand dynamics.
- Risks and Outlook: Management noted that near-term risks are balanced following strong recent performance, and they expect to continue benefiting from low interest rate volatility and further steepening of the yield curve, maintaining a positive outlook on agency mortgages.
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Analyst Views on IVR
Wall Street analysts forecast IVR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IVR is 9.00 USD with a low forecast of 9.00 USD and a high forecast of 9.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
0 Hold
1 Sell
Hold
Current: 8.820
Low
9.00
Averages
9.00
High
9.00
Current: 8.820
Low
9.00
Averages
9.00
High
9.00
About IVR
Invesco Mortgage Capital Inc. is a real estate investment trust that focuses on investing in, financing and managing mortgage-backed securities and other mortgage-related assets. Its objective is to provide attractive risk-adjusted returns to its stockholders, primarily through dividends and secondarily through capital appreciation. It invests in residential mortgage-backed securities (RMBS) that are guaranteed by a United States government agency, such as the Government National Mortgage Association (Ginnie Mae), or a federally chartered corporation, such as the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) (Agency RMBS). It also invests in commercial mortgage-backed securities and RMBS that are not guaranteed by a U.S. government agency or a federally chartered corporation. It conducts its business through its subsidiary, IAS Operating Partnership L.P., and is externally managed and advised by Invesco Advisers, Inc.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Invesco Mortgage Capital Q4 2025 Earnings Call Insights
- Improved Financial Conditions: Invesco reported an 8% economic return for Q4 2025, with a 3.7% increase in book value per share to $8.72, supported by two Federal Reserve rate cuts and a solid economic growth environment, indicating strong performance amidst favorable financial conditions.
- Portfolio Expansion: By year-end, Invesco's portfolio grew to $6.3 billion, including $5.4 billion in agency mortgages and $900 million in agency CMBS, with a robust liquidity position of $453 million in unrestricted cash and unencumbered assets, ensuring future investment capabilities.
- Leverage Strategy Adjustment: The company modestly increased leverage to 7x, reflecting confidence in the current investment environment, as management believes that agency mortgages remain optimistic due to low volatility and strong supply-demand dynamics.
- Risks and Outlook: Management noted that near-term risks are balanced following strong recent performance, and they expect to continue benefiting from low interest rate volatility and further steepening of the yield curve, maintaining a positive outlook on agency mortgages.
See More
Invesco Mortgage Capital Reports Q4 2025 Earnings
- Earnings Performance: Invesco Mortgage Capital reported Q4 2025 earnings per share of $0.56, meeting analyst expectations but down from $0.58 a year earlier, indicating increased market competition pressures.
- Net Interest Income: Effective net interest income rose slightly to $47.7 million in Q4, above last year's $46.8 million but below the expected $48.0 million, reflecting challenges in the interest rate environment.
- Expense Control: Total expenses decreased to $4.57 million, down from $4.78 million in Q4 2024, indicating some success in cost management, which helps enhance profitability.
- Asset Value Growth: As of December 31, 2025, book value per share increased to $8.72, up from $8.41 on September 30, 2025, demonstrating the robustness of the company's assets and a recovery in market confidence.
See More
Invesco Mortgage Capital Reports Q4 2025 Financial Results
- Financial Performance Boost: Invesco reported a 3.7% increase in book value per share to $8.72 for Q4 2025, indicating significant financial improvement supported by Fed rate cuts and strong economic growth, which is expected to enhance investor confidence.
- Dividend Increase: The company announced an increase in its quarterly dividend to $0.36 per share and plans to shift from quarterly to monthly payments, which is anticipated to attract more investors and enhance shareholder returns.
- Portfolio Expansion: As of December 31, 2025, Invesco's total investment portfolio reached $6.3 billion, with $5.4 billion in Agency RMBS and $0.9 billion in Agency CMBS, demonstrating the company's strong position in the mortgage-backed securities market.
- Leverage Increase: The company's debt-to-equity ratio rose to 7.0x at the end of Q4 2025, up from 6.7x in Q3 2025, reflecting the company's proactive use of leverage to enhance returns in an improved investment environment.
See More
Invesco Mortgage Capital Set to Release Q4 Earnings on January 29
- Earnings Announcement: Invesco Mortgage Capital is set to announce its Q4 2023 earnings on January 29 after market close, with consensus estimates predicting an EPS of $0.56 and revenue of $47.99 million, indicating investor interest in the company's financial performance.
- Historical Performance Review: Over the past two years, IVR has beaten EPS estimates 63% of the time but has not surpassed revenue estimates, reflecting volatility in the company's profitability.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and one downward revision, while revenue estimates have had one upward revision with no downward adjustments, suggesting increased market confidence in the company's future performance.
- Asset Value Growth: Invesco Mortgage Capital's book value has increased by at least 6% since Q3, with a 4.5% rise amid easing policies, providing a positive outlook for the company's prospects in the agency mortgage sector.
See More
Invesco Mortgage Capital (IVR) to Announce Q4 2025 Results on January 29, 2026
- Earnings Announcement: Invesco Mortgage Capital will release its fourth quarter 2025 financial results on January 29, 2026, after market close, providing investors with crucial financial data and market performance insights.
- Conference Call Details: A conference call will be held on January 30, 2026, at 9:00 a.m. ET, featuring CEO John Anzalone and other executives who will provide a detailed analysis of the earnings report, enhancing investor confidence in the company's future prospects.
- Participation Information: Investors can join the call by dialing the North America toll-free number 888-982-7409 or the international number 1-212-287-1625, ensuring broad investor participation and transparency of information.
- Audio Replay Service: An audio replay of the call will be available until February 13, 2026, allowing investors to listen in by calling 866-363-1806 (North America) or 1-203-369-0194 (International), further enhancing accessibility to information.
See More
Invesco Mortgage Capital (IVR) Declares $0.12 Monthly Dividend with 15.48% Yield
- Monthly Dividend Declaration: Invesco Mortgage Capital has declared a monthly dividend of $0.12 per share, payable on February 13, indicating the company's strong cash flow and commitment to shareholder returns in the current market environment.
- Yield Highlight: The forward yield of 15.48% not only attracts investor interest but also reflects the company's resilience in navigating changing interest rate conditions, positioning it favorably in the market.
- Record Date for Shareholders: The record date for shareholders is set for January 26, with the ex-dividend date also on January 26, ensuring that investors can seize this income opportunity, thereby increasing demand for the company's stock.
- Financial Performance: Invesco Mortgage Capital's book value has risen by 4.5% amid easing policies, demonstrating the company's solid financial health in uncertain economic conditions and enhancing its potential for future growth.
See More
Invesco Mortgage Capital Q4 2025 Earnings Call Insights
- Improved Financial Conditions: Invesco reported an 8% economic return for Q4 2025, with a 3.7% increase in book value per share to $8.72, supported by two Federal Reserve rate cuts and a solid economic growth environment, indicating strong performance amidst favorable financial conditions.
- Portfolio Expansion: By year-end, Invesco's portfolio grew to $6.3 billion, including $5.4 billion in agency mortgages and $900 million in agency CMBS, with a robust liquidity position of $453 million in unrestricted cash and unencumbered assets, ensuring future investment capabilities.
- Leverage Strategy Adjustment: The company modestly increased leverage to 7x, reflecting confidence in the current investment environment, as management believes that agency mortgages remain optimistic due to low volatility and strong supply-demand dynamics.
- Risks and Outlook: Management noted that near-term risks are balanced following strong recent performance, and they expect to continue benefiting from low interest rate volatility and further steepening of the yield curve, maintaining a positive outlook on agency mortgages.
See More
Invesco Mortgage Capital Reports Q4 2025 Earnings
- Earnings Performance: Invesco Mortgage Capital reported Q4 2025 earnings per share of $0.56, meeting analyst expectations but down from $0.58 a year earlier, indicating increased market competition pressures.
- Net Interest Income: Effective net interest income rose slightly to $47.7 million in Q4, above last year's $46.8 million but below the expected $48.0 million, reflecting challenges in the interest rate environment.
- Expense Control: Total expenses decreased to $4.57 million, down from $4.78 million in Q4 2024, indicating some success in cost management, which helps enhance profitability.
- Asset Value Growth: As of December 31, 2025, book value per share increased to $8.72, up from $8.41 on September 30, 2025, demonstrating the robustness of the company's assets and a recovery in market confidence.
See More
Invesco Mortgage Capital Reports Q4 2025 Financial Results
- Financial Performance Boost: Invesco reported a 3.7% increase in book value per share to $8.72 for Q4 2025, indicating significant financial improvement supported by Fed rate cuts and strong economic growth, which is expected to enhance investor confidence.
- Dividend Increase: The company announced an increase in its quarterly dividend to $0.36 per share and plans to shift from quarterly to monthly payments, which is anticipated to attract more investors and enhance shareholder returns.
- Portfolio Expansion: As of December 31, 2025, Invesco's total investment portfolio reached $6.3 billion, with $5.4 billion in Agency RMBS and $0.9 billion in Agency CMBS, demonstrating the company's strong position in the mortgage-backed securities market.
- Leverage Increase: The company's debt-to-equity ratio rose to 7.0x at the end of Q4 2025, up from 6.7x in Q3 2025, reflecting the company's proactive use of leverage to enhance returns in an improved investment environment.
See More
Invesco Mortgage Capital Set to Release Q4 Earnings on January 29
- Earnings Announcement: Invesco Mortgage Capital is set to announce its Q4 2023 earnings on January 29 after market close, with consensus estimates predicting an EPS of $0.56 and revenue of $47.99 million, indicating investor interest in the company's financial performance.
- Historical Performance Review: Over the past two years, IVR has beaten EPS estimates 63% of the time but has not surpassed revenue estimates, reflecting volatility in the company's profitability.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and one downward revision, while revenue estimates have had one upward revision with no downward adjustments, suggesting increased market confidence in the company's future performance.
- Asset Value Growth: Invesco Mortgage Capital's book value has increased by at least 6% since Q3, with a 4.5% rise amid easing policies, providing a positive outlook for the company's prospects in the agency mortgage sector.
See More
Invesco Mortgage Capital (IVR) to Announce Q4 2025 Results on January 29, 2026
- Earnings Announcement: Invesco Mortgage Capital will release its fourth quarter 2025 financial results on January 29, 2026, after market close, providing investors with crucial financial data and market performance insights.
- Conference Call Details: A conference call will be held on January 30, 2026, at 9:00 a.m. ET, featuring CEO John Anzalone and other executives who will provide a detailed analysis of the earnings report, enhancing investor confidence in the company's future prospects.
- Participation Information: Investors can join the call by dialing the North America toll-free number 888-982-7409 or the international number 1-212-287-1625, ensuring broad investor participation and transparency of information.
- Audio Replay Service: An audio replay of the call will be available until February 13, 2026, allowing investors to listen in by calling 866-363-1806 (North America) or 1-203-369-0194 (International), further enhancing accessibility to information.
See More
Invesco Mortgage Capital (IVR) Declares $0.12 Monthly Dividend with 15.48% Yield
- Monthly Dividend Declaration: Invesco Mortgage Capital has declared a monthly dividend of $0.12 per share, payable on February 13, indicating the company's strong cash flow and commitment to shareholder returns in the current market environment.
- Yield Highlight: The forward yield of 15.48% not only attracts investor interest but also reflects the company's resilience in navigating changing interest rate conditions, positioning it favorably in the market.
- Record Date for Shareholders: The record date for shareholders is set for January 26, with the ex-dividend date also on January 26, ensuring that investors can seize this income opportunity, thereby increasing demand for the company's stock.
- Financial Performance: Invesco Mortgage Capital's book value has risen by 4.5% amid easing policies, demonstrating the company's solid financial health in uncertain economic conditions and enhancing its potential for future growth.
See More
