Invesco Mortgage Capital
Invesco Mortgage Capital Inc. is a real estate investment trust (REIT) that focuses on investing in, financing, and managing a diversified portfolio of mortgage-backed securities and other mortgage-related assets. The company's primary value proposition is generating attractive risk-adjusted returns for stockholders through dividends and capital appreciation by leveraging the expertise of its external manager. It operates by accepting credit and spread risk while managing interest rate exposure through a sophisticated hedging strategy.
Financials
Based on Q1 2026 filing
Business Segments
Agency Residential Mortgage-Backed Securities (Agency RMBS)
primaryInvestments in residential mortgage-backed securities guaranteed by U.S. government agencies or federally chartered corporations. These assets provide monthly pass-through payments of principal and interest from individual borrowers.
Agency RMBS, Ginnie Mae Securities, Fannie Mae Securities, Freddie Mac Securities, To-be-announced (TBA) forward contracts
U.S. Government Agencies, Government-Sponsored Enterprises
Agency Commercial Mortgage-Backed Securities (Agency CMBS)
majorStructured pass-through certificates representing interests in pools of commercial loans secured by properties such as multifamily housing, guaranteed by government agencies or GSEs.
Agency CMBS, Fannie Mae DUS, Freddie Mac Multifamily Mortgage Participation Certificates, Ginnie Mae project loan pools
U.S. Government Agencies, Government-Sponsored Enterprises
Non-Agency and Credit Assets
moderateInvestments in mortgage-backed securities and loans that lack government guarantees, including residential and commercial assets where the company retains the risk of potential credit losses.
Non-Agency RMBS, Non-Agency CMBS, Credit Risk Transfer (CRT) securities, Residential mortgage loans, Commercial mortgage loans
Private mortgage originators, Commercial property owners, Institutional investors
Business Overview
Competitive Position
The company leverages the global platform of Invesco Ltd. to access sophisticated analytical tools and extensive relationships with financial intermediaries.
Geographies
United States
Customer Segments
Institutional Investors, Public Markets
Upstream Dependencies
U.S. Government Agencies, Government-Sponsored Enterprises, Mortgage Originators, Repurchase Agreement Counterparties
Downstream Customers
Public Stockholders, Institutional Investors
Competitors & Partners
Competitors
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Partners
Invesco
IVZ
External manager and investment adviser
Invesco
IVZ
Parent company of the Manager
Ginnie Mae
U.S. government agency guarantor
Subsidiaries
IAS Operating Partnership L.P.
Wholly-owned operating subsidiary through which business is conducted
Invesco Mortgage Capital FAQ
Common questions about Invesco Mortgage Capital
Invesco Mortgage Capital Inc. is a real estate investment trust (REIT) that focuses on investing in, financing, and managing a diversified portfolio of mortgage-backed securities and other mortgage-related assets. The company's primary value proposition is generating attractive risk-adjusted returns for stockholders through dividends and capital appreciation by leveraging the expertise of its external manager. It operates by accepting credit and spread risk while managing interest rate exposure through a sophisticated hedging strategy.
Invesco Mortgage Capital (IVR) has a market capitalization of $730.5M and trades on NYSE.
Invesco Mortgage Capital generated $761.7M in trailing twelve-month revenue with net income of $61.7M, representing a net margin of 8.1%. These figures are based on the Q3 2019 filing.
Invesco Mortgage Capital's key competitors include AGNC Investment Corp., PennyMac Mortgage Investment Trust, Annaly Capital Management, Inc., and others. These companies compete in similar markets and product categories.