Monitor next quarterly earnings (10-Q) for audited financials and any change in book value trajectory. The high leverage (6.2x GAAP, 7.3x economic) warrants attention to interest rate sensitivity, but this filing reflects no actionable catalyst.
Price Chart
Executive Summary
Invesco Mortgage Capital Inc. declared a monthly common dividend of $0.12 per share for June 2026 and released preliminary, unaudited May 2026 financial data. Key metrics include an estimated book value per common share of $8.25, a total investment portfolio (including TBAs) of $8.0 billion, and elevated leverage ratios (GAAP debt-to-equity of 6.2x and economic debt-to-equity of 7.3x). The filing is primarily a routine monthly update with no material unexpected changes.
Key Facts
- Declared a cash dividend of $0.12 per common share for June 2026, payable July 15
- Estimated book value per common share: $8.25 as of May 31, 2026
- Total investment portfolio including TBAs: $8.0 billion
- Unrestricted cash and unencumbered investments: $532.5 million
- Total repurchase agreement borrowings: $6.1 billion at a 3.75% weighted average interest rate
- GAAP debt-to-equity ratio: 6.2x; Economic debt-to-equity ratio: 7.3x
- Interest rate swaps notional: $4.615 billion with a weighted average pay rate of 1.92%
- U.S. Treasury futures (short): $1.14 billion notional
- 98.2 million common shares outstanding
Financial Impact
Routine monthly dividend and portfolio update; no net-new capital event or material change in fundamentals. Book value estimated at $8.25/share is a data point for the mREIT sector but unaudited and preliminary.
Risk Factors
- High leverage (6.2x-7.3x) exposes book value to interest rate and spread volatility
- Preliminary/unaudited data subject to revision
- Short-duration repo funding (25-day weighted average maturity) creates refinancing risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437071-26-000047 |
| Document: ivr-20260612.htm | 0001437071-26-000047 |
| Document: 0001437071-26-000047-index-headers.html | 0001437071-26-000047 |
| Document: 0001437071-26-000047-index.html | 0001437071-26-000047 |
| Document: 0001437071-26-000047.txt | 0001437071-26-000047 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 3, 2026 8w ago | 8-K | $7.40 $7.19 | ▼ −2.84% | ▼ −1.60% | $5.71 (−22.84%) |
Jul 30, 2026 9w ago | Press Release | $7.41 $7.36 | ▲ +0.67% | ▲ +3.66% | $5.71 (+22.94%) |
Jun 12, 2026 16w ago | 8-K | $8.06 $7.86 | ▼ −2.48% | ▼ −1.73% | $5.71 (−29.16%) |
Jun 11, 2026 16w ago | Institutional Cluster | $8.00 $7.97 | ▼ −0.38% | ▼ −2.27% | $5.71 (−28.62%) |
May 14, 2026 20w ago | 8-K | $23.52 $24.06 | ▲ +2.30% | ▲ +0.19% | $5.71 (−75.72%) |
Mar 20, 2026 28w ago | DEFA14A | $7.41 $8.19 | ▲ +10.46% | ▲ +1.14% | $5.71 (−22.99%) |
US Market Status
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