Prnewswire·2026-03-13 21:35Core Viewpoint - Invesco Mortgage Capital Inc. announced a cash dividend of $0.12 per share for March 2026, alongside a financial update as of February 28, 2026, highlighting key metrics such as debt-to-equity ratios and portfolio composition [1]. Financial Highlights - The company reported a debt-to-equity ratio of 6.0x and an economic debt-to-equity ratio of 7.3x as of February 28, 2026 [1]. - The estimated book value per common share was $8.54 [1]. - Total repurchase agreement borrowings amounted to $5.4 billion, with unrestricted cash and unencumbered investments totaling $530.5 million [1]. - The total investment portfolio, including TBAs, was valued at $7.3 billion [1]. Portfolio Composition - As of February 28, 2026, the investment portfolio included: - Agency RMBS with a total fair value of $5.1 billion, representing 70.0% of the portfolio, with a weighted average yield of 5.42% [1]. - Agency CMO and CMBS accounted for 1.0% and 12.1% of the portfolio, respectively [1]. - TBAs at implied market value were valued at $1.2 billion, making up 16.9% of the total investment portfolio [1]. Borrowings and Interest Rate Swaps - The company had outstanding borrowings of $5.4 billion in repurchase agreements with a weighted average interest rate of 3.80% [1]. - Interest rate swaps included notional amounts totaling $4.1 billion, with a weighted average fixed pay rate of 1.66% and a floating receive rate of 3.68% [1]. Company Overview - Invesco Mortgage Capital Inc. is a real estate investment trust focused on investing in, financing, and managing mortgage-backed securities and other mortgage-related assets [2]. - The company is externally managed by Invesco Advisers, Inc., a subsidiary of Invesco Ltd. [2].