Third Quarter 2025 Earnings Call Invesco Mortgage Capital Inc. October 31, 2025 John Anzalone Kevin Collins Mark Gregson David Lyle Brian Norris Chief Executive Officer President Chief Financial Officer Chief Operating Officer Chief Investment Officer Cautionary Notice Regarding Forward-Looking Statements This presentation and comments made in the associated conference call, may include statements and information that constitute "forward-looking statements" within the meaning of the U.S. securities laws as ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:PennyMac Mortgage Investment Trust (PMT) : This real estate investment trust which operates as a specialty finance company that will invest primarily in residential mortgage loans and mortgage-related assets, has seen the Zacks Consensus Estimate for its current year earnings increasing 10.3% over the last 60 days.NatWest Group (NWG) : This banking and financial services company which, provides personal and business banking, consumer lo ...

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We last covered the Blackstone Mortgage Trust (NYSE: BXMT ) mid-year, when we highlighted the good job done by the fund to stabilize its book vale, and outlined our view on discounts to book forWith an investment banking cash and derivatives trading background, Binary Tree Analytics ('BTA') aims to provide transparency and analytics in respect to capital markets instruments and trades. BTA focuses on CEFs, ETFs and Special Situations, and aims to deliver high annualized returns with a low volatility profile ...

Two Harbors Investment (NYSE:TWO) Q3 2025 Earnings Call October 28, 2025 09:00 AM ET Company ParticipantsMargaret Karr - Head of Investor Relations and CommunicationsWilliam Dellal - CFOBill Greenberg - President and CEONick Letica - Chief Investment OfficerConference Call ParticipantsEric Hagen - Managing Director and Senior AnalystMerrill Ross - Managing Director and Senior Research AnalystDoug Harter - Equity Research AnalystHarsh Hemnani - Senior Analyst in Debt ResearchRich Shane - Managing Director an ...

Two Harbors Investment (NYSE:TWO) Q3 2025 Earnings Call October 28, 2025 09:00 AM ET Company ParticipantsMargaret Karr - Head of Investor Relations and CommunicationsWilliam Dellal - CFOBill Greenberg - President and CEONick Letica - Chief Investment OfficerConference Call ParticipantsEric Hagen - Managing Director and Senior AnalystMerrill Ross - Managing Director and Senior Research AnalystDoug Harter - Equity Research AnalystHarsh Hemnani - Senior Analyst in Debt ResearchRich Shane - Managing Director an ...

Two Harbors Investment (NYSE:TWO) Q3 2025 Earnings Call October 28, 2025 09:00 AM ET Speaker3Good morning. My name is Taryn, and I will be your conference facilitator. At this time, I would like to welcome everyone to the Two Harbors Investment Corp. third quarter 2025 earnings call. All participants will be in a listen-only mode. After the speakers' remarks, there will be a question and answer period. I would now like to turn the call over to Margaret Karr.Speaker1Good morning, everyone, and welcome to our ...

Financial Data and Key Metrics Changes - For Q3 2025, the company reported net income of $0.53 per share, a significant improvement from a loss of $0.29 in Q2 2025 [5] - Book value increased to $7.33 as of September 30, 2025, compared to $7.21 on June 30, 2025 [5] - Total return for Q3 was 6.7%, a recovery from -4.7% in Q2 [5] - Average portfolio balance rose to $7.7 billion in Q3 from $6.9 billion in Q2 [5] - Liquidity improved to 57.1% at September 30, 2025, up from 54% at June 30, 2025 [5] Business Line Data and Key Metrics Changes - The average coupon of the portfolio increased from 5.45% to 5.53%, and the effective yield rose from 5.38% to 5.51% [30] - The net interest spread expanded from 2.43% to 2.59% [30] - The portfolio remains 100% agency RMBS, with a focus on call-protected specified pools [30] Market Data and Key Metrics Changes - The cash Treasury curve and SOFR swap curve showed a slight steepening, reflecting market expectations of Fed rate cuts due to labor market deterioration [7][8] - The long end of the Treasury curve performed well, with strong demand in the investment-grade corporate market despite tight credit spreads [10] Company Strategy and Development Direction - The company is focused on maintaining a conservative leverage posture while enhancing the carry and prepayment stability of its portfolio [30][39] - The strategy includes investing in high coupon specified pools to insulate against adverse payment behavior and stabilize income streams [30][43] - The company anticipates potential tailwinds from continued Fed rate cuts and the end of quantitative tightening, which could support the agency RMBS market [44] Management's Comments on Operating Environment and Future Outlook - Management noted a potential crossroads for the economy, with labor market weakness prompting Fed rate cuts, while also observing strong consumer resilience and government stimulus [46][47] - The company expects to adjust hedges to lock in lower funding costs and prepare for potential rate hikes following anticipated Fed cuts [48] Other Important Information - The company raised $152 million in equity capital during the quarter, which was fully deployed into high-quality specified pools [29][43] - The weighted average price of the portfolio increased to over $101, indicating a premium position [72] Q&A Session Summary Question: Any macro factors that might change overall risk positioning? - Management indicated that if the Fed continues to cut rates and the economy rebounds, they might consider increasing leverage [51][52] Question: View on payouts upside potential with refi momentum? - Management noted that payouts have increased sharply recently, but they do not expect to return to the high levels seen in 2020 or 2021 [54][55] Question: Scenarios for dollar roll specialness returning? - Management expressed skepticism about the return of dollar roll specialness, citing the Fed's focus on buying Treasuries and bills rather than mortgages [61][62] Question: Supply and availability for longer-dated repo? - Management mentioned that spreads for longer-dated repo are currently too wide, but they are opportunistically looking to lock in funding [63][64] Question: Percentage of portfolio covered with call protection? - Almost 100% of the portfolio has some form of call protection, which is expected to mitigate risks in a declining rate environment [72]

OMAHA, Neb., Oct. 22, 2025 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced today that it will host a conference call for investors on Thursday, November 6, 2025 at 4:30 p.m. Eastern Time to discuss the Partnership’s Third Quarter 2025 results. For those interested in participating in the question-and-answer session, participants may dial-in toll free at (877) 407-8813. International participants may dial-in at +1 (201) 689-8521. No pin or code number is ne ...

OMAHA, Neb., Oct. 22, 2025 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced today that it will host a conference call for investors on Thursday, November 6, 2025 at 4:30 p.m. Eastern Time to discuss the Partnership’s Third Quarter 2025 results. For those interested in participating in the question-and-answer session, participants may dial-in toll free at (877) 407-8813. International participants may dial-in at +1 (201) 689-8521. No pin or code number is ne ...