IVR - Invesco Mortgage Q3 earnings helped by slow prepayments strong dollar rolls

Invesco Mortgage Capital (NYSE:IVR) Q3 earnings available for distribution of $0.10 beats the average analyst estimate of $0.09 and is unchanged from the Q2. "Earnings available for distribution was supported by strong dollar rolls, slow prepayment speeds on our specified pool collateral and attractive returns on equity on new investments," said CEO John Anzalone. Book value per common share of $3.25 increased from $3.21 in Q2. Economic return of 4.0% improves from -9.6% in Q2. Invesco Mortgage (IVR) stock gains 0.3% in after-hours trading. Q3 net interest income of $46.5M increased from $46.3M in Q2. Total expenses of $7.6M was unchanged from the prior quarter. "Despite the anticipated reduction in Agency RMBS purchases by the Federal Reserve, diminishing supply and continued demand from commercial banks should support valuations in the coming months," Anzalone said. Invesco Mortgage (IVR) continues to evaluate additional investment opportunities to complement its agency RMBS strategy by expanding target

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Invesco Mortgage Q3 earnings helped by slow prepayments, strong dollar rolls