Invesco Mortgage Capital (US:IVR)2025-07-25 13:00Financial Performance - The company reported a net loss of $0.40 per common share for Q2 2025, compared to a net income of $0.26 per common share in Q1 2025 [8] - Earnings available for distribution per common share was $0.58 in Q2 2025, down from $0.64 in Q1 2025 [8] - The common stock dividend per share remained at $0.34 [8] - Book value per common share decreased to $8.05 from $8.81 [8] - The company's economic return was -4.8% for Q2 2025, compared to 2.6% in Q1 2025 [8] Investment Portfolio - Agency RMBS comprised 81.4% of the investment portfolio, totaling $5.2 billion [8] - Agency CMBS represented 17.2% of the portfolio [8] - The Agency RMBS investment portfolio decreased by 15.1% to $4.2 billion in Q2 2025 [27, 31] Capital Structure and Financing - The company issued $2.2 million of common stock under the at-the-market program [10] - The company repurchased Series C Preferred Stock with a carrying value of $2.3 million [10] - The debt-to-equity ratio was 6.5x at the end of Q2 2025, compared to 7.1x in Q1 2025 [8, 40] - The company hedged 94% of borrowing costs with interest rate swaps and U S Treasury futures [40]