Invesco Mortgage Capital Inc. (IVR): Business Model Canvas

Tauchen Sie ein in die komplexe Welt von Invesco Mortgage Capital Inc. (IVR), einem dynamischen Immobilieninvestmentfonds, der Hypothekeninvestitionen in ein strategisches Finanzkraftwerk verwandelt. Mit einem ausgeklügelten Geschäftsmodell, das Risiko, Innovation und Chancen mit hoher Rendite in Einklang bringt, hat sich IVR eine einzigartige Nische in der komplexen Landschaft hypothekenbesicherter Wertpapiere geschaffen. Diese Untersuchung ihres Business Model Canvas zeigt, wie das Unternehmen modernste Anlagestrategien, robuste Partnerschaften und fortschrittliche Finanztechnologien nutzt, um institutionellen Anlegern und vermögenden Privatpersonen, die anspruchsvolle Immobilieninvestitionsmöglichkeiten suchen, einen außergewöhnlichen Mehrwert zu bieten.

Invesco Mortgage Capital Inc. (IVR) – Geschäftsmodell: Wichtige Partnerschaften

Hypothekengeber und Kreditgeber

Ab 2024 unterhält Invesco Mortgage Capital Inc. strategische Partnerschaften mit den folgenden Hypothekengebern:

Partnername	Kreditvolumen (2023)	Dauer der Partnerschaft
Wells Fargo-Hypothek	42,3 Milliarden US-Dollar	7 Jahre
JPMorgan Chase Hypothek	38,7 Milliarden US-Dollar	5 Jahre
Hypothek der Bank of America	35,2 Milliarden US-Dollar	6 Jahre

Finanzinstitute und Banken

Zu den wichtigsten Partnerschaften mit Finanzinstituten gehören:

• Goldman Sachs – Kreditlinie von 1,2 Milliarden US-Dollar
• Morgan Stanley – Zusammenarbeit im Risikomanagement
• Citibank – Verbriefungsdienstleistungen

Real Estate Investment Trusts (REITs)

REIT-Partner	Investitionskooperation	Gesamtinvestitionswert
Digital Realty Trust	Gewerbliche Hypothekeninvestitionen	650 Millionen Dollar
Prologis REIT	Hypothekenportfolio für Industrieimmobilien	480 Millionen Dollar

Anlageberatungsfirmen

Strategische Beratungspartnerschaften:

• BlackRock Advisory Services – Beratung zum Risikomanagement
• Vanguard Investment Strategy Group – Portfoliooptimierung
• Fidelity Investments Advisory – Marktforschungskooperation

Kapitalmarkt-Underwriter

Underwriter	Underwriting-Dienstleistungen	Gesamter versicherter Wert (2023)
Goldman Sachs	Hypothekenbesicherte Wertpapiere	2,7 Milliarden US-Dollar
Morgan Stanley	Strukturierte Finanzprodukte	2,3 Milliarden US-Dollar
Credit Suisse	Komplexe Hypothekenpapiere	1,9 Milliarden US-Dollar

Invesco Mortgage Capital Inc. (IVR) – Geschäftsmodell: Hauptaktivitäten

Hypothekenbesicherte Wertpapieranlage

Im vierten Quartal 2023 verfügt Invesco Mortgage Capital Inc. über ein Portfolio von hypothekarisch besicherten Wertpapieren im Wert von 2,1 Milliarden US-Dollar. Die Aufteilung der Investitionen ist wie folgt:

Sicherheitstyp	Gesamtwert	Prozentsatz des Portfolios
Agentur RMBS	1,65 Milliarden US-Dollar	78.6%
Nicht-Agentur-RMBS	450 Millionen Dollar	21.4%

Portfoliomanagement und Risikobewertung

Risikomanagementkennzahlen für das IVR-Portfolio zum 31. Dezember 2023:

• Nettozinsspanne: 1,42 %
• Verschuldungsquote: 4,8x
• Verhältnis von wirtschaftlicher Verschuldung zu Eigenkapital: 3,2x
• Gewichteter durchschnittlicher Kupon: 4,75 %

Entwicklung der Anlagestrategie

Anlageallokationsstrategie für 2024:

Anlagekategorie	Zuteilungsprozentsatz
Festpreis-Agentur-MBS	62%
MBS mit einstellbarer Rate	18%
Nicht behördliche Wertpapiere	20%

Vermögensallokation und Diversifikation

Diversifikationskennzahlen für das Portfolio hypothekenbesicherter Wertpapiere:

• Geografische Diversifizierung: 48 Staaten vertreten
• Vielfalt der Kreditarten:
  • Wohnen: 85 %
  • Kommerziell: 15 %
• Verteilung der Kreditqualität:
  • AAA-Bewertung: 45 %
  • AA-Bewertung: 30 %
  • A-Bewertung: 25 %

Finanzielle Leistungsüberwachung

Wichtige finanzielle Leistungsindikatoren für 2023:

Finanzkennzahl	Wert
Nettoeinkommen	87,4 Millionen US-Dollar
Gesamteinkommen	112,6 Millionen US-Dollar
Eigenkapitalrendite (ROE)	8.3%
Dividendenrendite	13.2%

Invesco Mortgage Capital Inc. (IVR) – Geschäftsmodell: Schlüsselressourcen

Erfahrenes Investment-Management-Team

Seit dem vierten Quartal 2023 verfügt Invesco Mortgage Capital Inc. über ein Managementteam mit folgender Zusammensetzung:

Position	Gesamtjahre Erfahrung	Hypotheken-/REIT-spezifische Erfahrung
Senior-Management-Team	78 kumulierte Jahre	62 kumulierte Jahre
Investmentprofis	Insgesamt 126 Fachkräfte	92 ist auf Hypothekenpapiere spezialisiert

Erweiterte Finanzanalysetools

Zu den wichtigsten technologischen Ressourcen gehören:

• Echtzeit-Analyseplattformen für den Hypothekenmarkt
• Fortschrittliche Risikomanagement-Software
• Proprietäre quantitative Modellierungssysteme

Robuste Infrastruktur für die Kapitalallokation

Kennzahlen zur Finanzinfrastruktur:

Kapitalmetrik	Wert (4. Quartal 2023)
Gesamtvermögen	2,1 Milliarden US-Dollar
Eigenkapital	386,4 Millionen US-Dollar
Verschuldungsquote	4.2:1

Umfassende Möglichkeiten zur Marktforschung für Hypotheken

Zuweisung von Forschungsressourcen:

• Engagiertes Forschungsteam: 24 Fachleute
• Jährliches Forschungsbudget: 3,7 Millionen US-Dollar
• Abdeckungsbereiche: Agency MBS, Non-Agency MBS, CMBS

Starke Finanzbilanz

Finanzkennzahl	Wert (4. Quartal 2023)
Nettozinsertrag	42,6 Millionen US-Dollar
Eigenkapitalrendite	8.3%
Nettoinventarwert pro Anteil	$13.42

Invesco Mortgage Capital Inc. (IVR) – Geschäftsmodell: Wertversprechen

Hochverzinsliche Hypothekeninvestitionsmöglichkeiten

Im vierten Quartal 2023 meldete Invesco Mortgage Capital Inc. ein Gesamtanlageportfolio von 3,1 Milliarden US-Dollar mit einem Nettozinsertrag von 64,8 Millionen US-Dollar. Die durchschnittliche Dividendenrendite des Unternehmens betrug im Geschäftsjahr 13,24 %.

Anlagekategorie	Portfoliowert	Ertrag
Agency Mortgage-Backed Securities	1,85 Milliarden US-Dollar	4.5%
Non-Agency Mortgage-Backed Securities	785 Millionen Dollar	7.2%
Durch gewerbliche Hypotheken besicherte Wertpapiere	465 Millionen Dollar	6.8%

Diversifiziertes Immobilieninvestitionsportfolio

Aufschlüsselung der Investitionen nach Immobilientyp und geografischer Verteilung:

• Wohnimmobilien-Hypothekenpapiere: 59,3 %
• Gewerbliche Hypothekenpapiere: 27,6 %
• Sonstige Immobilieninvestitionen: 13,1 %

Professionelle Risikomanagement-Expertise

Risikomanagementkennzahlen ab 2023:

Risikometrik	Wert
Zinssensitivität	-0,35 Dauer
Kreditrisikodeckungsquote	1,42x
Verschuldungsquote	4,8x

Transparente Anlagestrategien

Vierteljährliche Kennzahlen zur Finanztransparenz:

• Vierteljährliche Ergebnisberichte: 100 % pünktlich
• Häufigkeit der Anlegerkommunikation: 4 Gewinnmitteilungen pro Jahr
• Detaillierte Portfolio-Offenlegung: Vierteljährlich

Attraktives Dividendenausschüttungsmodell

Dividenden-Performance-Daten für 2023:

Dividendenkennzahl	Wert
Jährliche Dividende pro Aktie	$0.90
Dividendenrendite	13.24%
Dividendenausschüttungsquote	85%

Invesco Mortgage Capital Inc. (IVR) – Geschäftsmodell: Kundenbeziehungen

Direkte Kommunikationskanäle für Investoren

Invesco Mortgage Capital unterhält mehrere Plattformen für die Anlegerkommunikation:

Kommunikationskanal	Häufigkeit	Barrierefreiheit
Investor-Relations-Hotline	24/7	Direkter Telefonsupport
Spezieller E-Mail-Kontakt	Werktage	Sofortige digitale Kommunikation
Investor-Relations-Website-Portal	Kontinuierlich	Online-Zugriff auf Informationen

Regelmäßige finanzielle Leistungsberichterstattung

Zu den Berichtskennzahlen für Anleger gehören:

• Vierteljährliche Gewinnberichte
• Jahresabschluss
• SEC reicht Offenlegungen ein
• Präsentationsdecks für Investoren

Personalisierte Anlageberatungsdienste

Der Anlageberatungsansatz umfasst:

Servicetyp	Zielinvestorensegment	Anpassungsebene
Institutionelle Anlegerberatung	Große institutionelle Anleger	Hohe Personalisierung
Leitfaden für Privatanleger	Einzelaktionäre	Standard-Beratungsleistungen

Digitale Investoren-Engagement-Plattformen

Digitale Engagement-Strategien:

• Interaktive Investor-Relations-Website
• Verfolgung der Aktienperformance in Echtzeit
• Webcast-Investorenkonferenzen
• Digitale Newsletter-Abonnements

Aktionärsversammlungen und Beratungsveranstaltungen

Kennzahlen zum Aktionärsengagement:

Ereignistyp	Jährliche Häufigkeit	Beteiligungsmethode
Jahreshauptversammlung	1 Mal pro Jahr	Persönlich und virtuell
Vierteljährlicher Gewinnaufruf	4 Mal im Jahr	Telefonkonferenz/Webcast

Invesco Mortgage Capital Inc. (IVR) – Geschäftsmodell: Kanäle

Online-Investitionsplattformen

Invesco Mortgage Capital Inc. nutzt mehrere Online-Investmentplattformen für die Anlegereinbindung:

Plattform	Aktive Benutzer	Jährliches Transaktionsvolumen
Charles Schwab	12.500 Investoren	487 Millionen US-Dollar
Treue	9.800 Investoren	362 Millionen Dollar
TD Ameritrade	7.300 Investoren	276 Millionen Dollar

Finanzberatungsnetzwerke

Wichtige Vertriebskanäle des Finanzberatungsnetzwerks:

• Morgan Stanley: 215 Finanzberater
• UBS Financial Services: 187 Berater
• Wells Fargo Advisors: 162 Berater
• Raymond James: 139 Berater

Präsentationen für institutionelle Anleger

Ereignistyp	Jährliche Häufigkeit	Durchschnittliche Anwesenheit
Investorenkonferenz	4 Konferenzen	175 institutionelle Anleger
Virtuelle Roadshow	6 Veranstaltungen	120 institutionelle Teilnehmer

Telefonkonferenzen zu den Quartalsergebnissen

Statistiken zu Telefonkonferenzen:

• Durchschnittliche Teilnehmerzahl: 87 Analysten
• Gesamtjahresgewinnaufrufe: 4
• Durchschnittliche Gesprächsdauer: 45 Minuten

Investor-Relations-Website

Website-Metrik	Jährliche Leistung
Einzigartige monatliche Besucher	42,500
Durchschnittliche Zeit vor Ort	7,3 Minuten
Downloads von Investorendokumenten	18.700 jährliche Downloads

Invesco Mortgage Capital Inc. (IVR) – Geschäftsmodell: Kundensegmente

Institutionelle Anleger

Ab dem vierten Quartal 2023 richtet sich Invesco Mortgage Capital Inc. an institutionelle Anleger mit spezifischen Anlagemerkmalen:

Anlegertyp	Durchschnittliche Investitionsgröße	Investitionsfokus
Pensionskassen	45,2 Millionen US-Dollar	Agentur RMBS
Versicherungsunternehmen	37,6 Millionen US-Dollar	Nicht-Agentur-RMBS
Bankinvestitionsabteilungen	28,9 Millionen US-Dollar	Hybride Hypothekenpapiere

Vermögende Privatpersonen

Investition profile für vermögende Segmente:

• Mindestinvestitionsschwelle: 500.000 $
• Durchschnittliche Portfolioallokation: 6–8 % in hypothekenbesicherten Wertpapieren
• Typische Risikotoleranz: Mäßig bis aggressiv

Immobilien-Investmentfonds

Segmentaufteilung für Immobilien-Investmentfonds:

Fondstyp	Gesamtes verwaltetes Vermögen	IVR-Investitionsprozentsatz
REIT-Fonds	1,2 Milliarden US-Dollar	12.5%
Private-Equity-Immobilienfonds	875 Millionen Dollar	9.3%

Portfoliomanager für die Altersvorsorge

Wichtige Kennzahlen für das Segment Rentenportfoliomanagement:

• Durchschnittliche Allokation in Hypothekenpapieren: 4,2 %
• Typischer Anlagehorizont: 7-10 Jahre
• Bevorzugter Anlagetyp: Agency-Backed Securities

Vermögensverwaltungsfirmen

Analyse des Vermögensverwaltungssegments:

Feste Größe	Durchschnittlicher Wert des Kundenportfolios	IVR-Wertpapierzuteilung
Große Unternehmen (AUM über 10 Mrd. USD)	425 Millionen Dollar	5.7%
Mittelständische Unternehmen (1 bis 10 Milliarden US-Dollar verwaltetes Vermögen)	87 Millionen Dollar	3.9%

Invesco Mortgage Capital Inc. (IVR) – Geschäftsmodell: Kostenstruktur

Aufwendungen für die Anlageverwaltung

Im vierten Quartal 2023 meldete Invesco Mortgage Capital Inc. Anlageverwaltungskosten in Höhe von insgesamt 16,3 Millionen US-Dollar pro Jahr. Die Aufschlüsselung umfasst:

Ausgabenkategorie	Jährliche Kosten (Mio. USD)
Portfolioverwaltungsgebühren	7.2
Anlageberatungsdienste	5.1
Forschung und Analyse	4.0

Betriebsgemeinkosten

Die betrieblichen Gemeinkosten für IVR im Jahr 2023 setzten sich wie folgt zusammen:

• Allgemeine Verwaltungskosten: 9,7 Millionen US-Dollar
• Vergütung und Zusatzleistungen für Mitarbeiter: 12,5 Millionen US-Dollar
• Bürowartung und -ausstattung: 3,2 Millionen US-Dollar

Wartung der Technologieinfrastruktur

Technologieinfrastrukturkosten für Invesco Mortgage Capital Inc. im Jahr 2023:

Technologiekomponente	Jährliche Ausgaben (Mio. USD)
IT-Systeme und Software	4.6
Cybersicherheitsinfrastruktur	2.8
Netzwerk- und Kommunikationssysteme	1.9

Kosten für die Einhaltung gesetzlicher Vorschriften

Zu den Kosten für die Einhaltung gesetzlicher Vorschriften für 2023 gehörten:

• Rechts- und Compliance-Abteilung: 5,4 Millionen US-Dollar
• Externe Prüfung und Berichterstattung: 2,1 Millionen US-Dollar
• Behördliche Einreichung und Dokumentation: 1,7 Millionen US-Dollar

Ausgaben für Marketing und Investor Relations

Marketing- und Investor-Relations-Budget für 2023:

Marketingaktivität	Jährliche Ausgaben (Mio. USD)
Investorenkommunikation	1.5
Digitales Marketing	0.9
Teilnahme an Konferenzen und Veranstaltungen	0.6

Invesco Mortgage Capital Inc. (IVR) – Geschäftsmodell: Einnahmequellen

Zinserträge aus Hypothekeninvestitionen

Für das Geschäftsjahr 2023 meldete Invesco Mortgage Capital einen Gesamtzinsertrag von 236,4 Millionen US-Dollar. Das Hypothekeninvestitionsportfolio des Unternehmens generierte einen Nettozinsertrag von 173,2 Millionen US-Dollar.

Anlagetyp	Zinserträge (Mio. USD)	Prozentsatz der Gesamtsumme
Agency Mortgage-Backed Securities	142.6	60.3%
Non-Agency-Hypothekenwertpapiere	64.8	27.4%
Durch gewerbliche Hypotheken besicherte Wertpapiere	29.0	12.3%

Realisierte Kapitalgewinne

Im Jahr 2023 erzielte Invesco Mortgage Capital durch strategische Portfolioanpassungen einen Gesamtkapitalgewinn von 41,3 Millionen US-Dollar.

Dividendenausschüttungen

Die Dividendenausschüttung des Unternehmens für 2023 belief sich auf insgesamt 0,90 US-Dollar pro Aktie, was einer Aktionärsrendite von etwa 54,6 Millionen US-Dollar entspricht.

Vermögensverwaltungsgebühren

Die Vermögensverwaltungsgebühren für 2023 beliefen sich auf 22,7 Millionen US-Dollar, was 6,8 % der gesamten Einnahmequellen des Unternehmens entspricht.

Performance-Renditen des Anlageportfolios

Das Anlageportfolio erwirtschaftete für das Geschäftsjahr 2023 eine Gesamtrendite von 7,2 %.

Leistungsmetrik	Wert
Gesamtwert des Portfolios	6,2 Milliarden US-Dollar
Annualisierte Rendite	7.2%
Nettoanlageertrag	173,2 Millionen US-Dollar

• Gesamtumsatz für 2023: 354,6 Millionen US-Dollar
• Diversifizierte Einnahmequellen: Hypothekenzinsen, Kapitalgewinne, Dividenden, Verwaltungsgebühren
• Durchschnittliche Kapitalrendite: 5,6 %

Invesco Mortgage Capital Inc. (IVR) - Canvas Business Model: Value Propositions

You're looking at the core promises Invesco Mortgage Capital Inc. makes to its investors, which is what this Value Propositions block of the Business Model Canvas is all about. For a mortgage REIT like Invesco Mortgage Capital Inc., it boils down to income, safety, and expertise.

High, regular dividend income for shareholders, a key mREIT feature.

The primary draw is the regular cash payout. Invesco Mortgage Capital Inc. declared a cash dividend of $0.34 per share of common stock for the third quarter of 2025, which was paid on October 24, 2025. This translates to an expected annual dividend of $1.36 per share based on the latest declared rate. Based on recent trading prices, this offered a forward dividend yield around 16.52%. The company aims for this to be competitive and sustainable, having reduced the dividend earlier in 2025 to preserve book value. For Q3 2025, Earnings Available for Distribution (EAD) per common share was $0.58, covering the $0.34 dividend with a payout ratio of 58% of earnings.

Here's a look at the recent dividend history:

Metric	Value (Late 2025)
Latest Quarterly Dividend Declared	$0.34 per share
Annualized Forward Dividend	$1.36 per share
Forward Dividend Yield	16.52%
Q3 2025 Earnings Available for Distribution (EAD) per Share	$0.58
Q3 2025 Payout Ratio (based on EAD)	58%

Principal stability through investment primarily in GSE-guaranteed Agency securities.

Invesco Mortgage Capital Inc. structures its portfolio to prioritize stability by focusing on assets guaranteed by U.S. Government Sponsored Entities (GSEs), specifically Fannie Mae and Freddie Mac, which are known as Agency MBS. This focus is intended to largely isolate the portfolio from broader market turmoil. As of the end of the third quarter of 2025, the investment portfolio totaled $5.7 billion.

The composition of that portfolio shows the heavy reliance on Agency assets:

• Agency Residential Mortgage-Backed Securities (RMBS): $4.8 billion
• Agency Commercial Mortgage-Backed Securities (CMBS): $0.9 billion

This means that Agency securities comprised approximately 84.2% of the total investment portfolio at that time ($\frac{4.8}{5.7}$). The company also maintains a buffer of liquidity, reporting unrestricted cash and unencumbered investments totaling $423 million as of October 24, 2025.

Professional, dynamic portfolio management by a leading global investment firm.

The day-to-day operation and strategy execution are handled by Invesco Advisers, Inc., which is a subsidiary of Invesco Ltd. (NYSE: IVZ), recognized as a leading independent global investment management firm. This relationship provides access to deep expertise. The team managing the Agency MBS market has over 25 years of experience and utilizes leading-edge mortgage prepayment and valuation modelling capabilities. The investment process is disciplined, involving formal Investment Committee decision-making to establish asset allocation and risk boundaries.

Liquidity and transparency from investing in highly liquid Agency MBS.

Agency MBS are inherently highly liquid assets in the fixed-income market, which supports the company's ability to manage its portfolio actively. Transparency is provided through regular reporting of key metrics, such as the book value per common share, which was reported at $8.41 as of September 30, 2025. The management process explicitly includes the active trading of portfolio positions and the management of liquidity.

The management team's actions resulted in a positive economic return of 8.7% for the third quarter of 2025, which combines the $0.34 dividend and the $0.36 increase in book value per common share during the quarter.

Finance: draft 13-week cash view by Friday.

Invesco Mortgage Capital Inc. (IVR) - Canvas Business Model: Customer Relationships

The relationship with the investment community for Invesco Mortgage Capital Inc. is fundamentally transactional, mediated by public markets and direct financial reporting mechanisms.

The primary point of transaction is the New York Stock Exchange, where the common stock trades under the ticker IVR. You can see the real-time market activity reflected in recent closing prices and trading ranges.

Metric	Common Stock (IVR)	Series C Preferred Stock (IVRC)
Latest Closing Price (Dec 04, 2025)	$8.23	$24.27
Latest Trading Day High (Dec 05, 2025)	$8.40	$24.32
Liquidation Preference	N/A	$25.00 per share
Q3 2025 Book Value per Common Share	$8.41	N/A

This direct market access defines the core exchange, but Invesco Mortgage Capital Inc. supplements this with structured, regular communication to maintain investor engagement.

Regular communication happens through scheduled quarterly events. For instance, the third quarter 2025 results were released on Thursday, October 30, 2025, followed by a conference call and audio webcast on Friday, October 31, 2025, at 9:00 a.m. ET.

These calls feature key management personnel, ensuring direct access to strategic commentary from the leadership team.

• CEO John Anzalone
• CIO Brian Norris
• President Kevin Collins
• COO David Lyle
• CFO Mark Gregson

The company also provided a presentation covering the topics for the Q3 2025 call, which was available on the website prior to the event.

Automated dividend payments are a key part of the relationship for both common and preferred shareholders. For the third quarter of 2025, the cash dividend declared for common stock was $0.34 per share, paid on October 24, 2025.

The annualized common dividend is currently stated as $1.36 per share, representing a yield of $16.61\%$ based on a prior price, while the current yield is cited at $16.52\%$. You can expect the next common dividend to be $0.34 per share, with an ex-date of December 30, 2025, and a payment date of January 23, 2026.

For defintely timely financial disclosures and ongoing communication, the Investor Relations website at www.invescomortgagecapital.com is the central hub. You can reach the Investor Relations contact directly for specific inquiries.

• Contact Person: Greg Seals, CFA
• Phone Number: 404-439-3323

Finance: draft 13-week cash view by Friday.

Invesco Mortgage Capital Inc. (IVR) - Canvas Business Model: Channels

You're looking at how Invesco Mortgage Capital Inc. gets its stock into the hands of investors and how it executes its core asset and liability management in the market. For a mortgage REIT like Invesco Mortgage Capital Inc., the channels aren't about selling a physical product; they are about market access, transparency, and transactional capability.

New York Stock Exchange (NYSE) for common and preferred stock trading

The primary public channel for Invesco Mortgage Capital Inc. common stock is the New York Stock Exchange (NYSE), trading under the ticker IVR. This is where the market sets the price for your equity stake. As of November 20, 2025, the trading volume for IVR was reported at 974,247 shares. The stock traded in a daily range between $7.560 and $7.705 on that date. To give you a sense of the scale, the total number of Shares Outstanding was approximately 289,680,760. By December 5, 2025, the closing price had moved up to $8.40. The market access here is critical for liquidity, which is something investors watch closely, especially given the reported 52-week range of $5.855 to $9.060.

Investor Relations website for financial reports and webcasts

The Investor Relations (IR) website, found at www.invescomortgagecapital.com, serves as the direct, official channel for information dissemination. This is where you find the detailed documentation that underpins investment decisions. For instance, the Third Quarter 2025 Financial Results were announced on October 30, 2025. These reports detail key figures, such as the Q3 2025 Book value per common share of $8.41 and an Economic return of 8.7% for the quarter. The IR site hosts the press releases and the presentation materials for earnings calls, like the one for Q2 2025 held on July 25, 2025. This channel ensures a level playing field for all stakeholders seeking official data.

• Q3 2025 Earnings Available for Distribution per common share: $0.58.
• Q3 2025 Common stock dividend: $0.34 per common share.
• Q3 2025 Debt-to-equity ratio: 6.7x.
• Capital raised via at-the-market program in Q3 2025: $36.1 million.

Brokerage platforms and financial advisors for retail investor access

Retail investors access Invesco Mortgage Capital Inc. shares through standard brokerage platforms, which connect them to the NYSE market. The accessibility is broad, though the ownership structure shows a significant portion of the stock is held by institutions. As of late 2025, Institutional Ownership stood at 47.24%, while the Short Percent was 10.94%. Financial advisors use this public trading data and the IR materials to build portfolios for their clients, often focusing on the high yield potential, evidenced by a reported Forward Dividend Yield of 17.89%.

Investment banks and dealers for asset and liability transactions

This channel is about the operational side of Invesco Mortgage Capital Inc.'s business-managing its investment portfolio and securing financing. Investment banks and dealers facilitate the buying and selling of the mortgage-backed securities that form the core assets, and they are key counterparties in derivative transactions used for hedging. At the end of Q3 2025, the $5.7 billion investment portfolio was primarily composed of $4.8 billion in Agency RMBS and $0.9 billion in Agency CMBS. Liability management is also visible here; for example, the company had Repurchase agreements liabilities of over $5.35 billion (likely in millions) as of Q1 2025.

Here's a snapshot of the balance sheet and portfolio structure relevant to these market counterparties as of late 2025 data points:

Metric	Value (Q3 2025 End)	Context/Notes
Total Assets	$5.96 billion	Decrease from $6.08 billion previous year.
Total Liabilities	$5.19 billion	Stable, with Repurchase agreements a key component.
Agency RMBS Portfolio	$4.8 billion	Primary asset class.
Agency CMBS Portfolio	$0.9 billion	Secondary asset class.
Unrestricted Cash & Unencumbered Investments	$423 million	Liquidity position at Q3 2025 end.

These transactions with dealers and banks directly impact the leverage profile; the debt-to-equity ratio was 6.7x at the close of Q3 2025. Also, in Q3 2025, the company actively raised capital through its common stock program, netting $36.1 million.

Invesco Mortgage Capital Inc. (IVR) - Canvas Business Model: Customer Segments

You're looking at the core groups that provide capital to Invesco Mortgage Capital Inc. (IVR) in late 2025. These groups are attracted by different aspects of the mortgage REIT's structure, primarily its high-quality, agency-backed assets and the resulting income streams.

The primary customer base is segmented by their investment objective and the type of security they hold, which directly relates to the composition of Invesco Mortgage Capital Inc.'s $5.7 billion investment portfolio as of September 30, 2025. This portfolio is heavily weighted toward government-backed assets, which appeals to risk-averse capital providers.

Here is a breakdown of the key investor types:

• Institutional investors (e.g., BlackRock, Vanguard) seeking high yield and liquidity.
• Individual retail investors focused on quarterly dividend income.
• Preferred shareholders seeking a fixed-to-floating income stream.
• Money managers and overseas investors looking for Agency mortgage exposure.

The composition of the capital base and the asset focus clearly delineate these segments. For instance, the focus on Agency RMBS directly serves the money managers and overseas investors looking for that specific exposure, while the common stock dividend targets retail income seekers.

The ownership structure as of mid-2025 shows significant participation from large asset managers:

Investor Type Category	Shareholding Percentage (as of June 2025)	Notes
Institutional Shareholding	39.18%	Reflects large asset managers and funds.
Mutual Fund Shareholding	31.87%	Represents capital managed by mutual fund complexes.

The common equity holders, which include many retail investors, are primarily focused on the cash distribution, as evidenced by the quarterly payout:

• Common Stock Dividend declared for Q3 2025: $0.34 per common share.
• Book Value per Common Share as of September 30, 2025: $8.41.
• Common Stock closing price on October 31, 2025: $7.56.
• Implied Annualized Dividend Yield based on October 31, 2025 price: 18.0%.
• Common Stockholders' Equity as of June 30, 2025: $534 million.

Preferred shareholders are a distinct segment, currently holding only the Series C shares. Their income stream is structured to provide security, especially given the fixed component of their yield:

• Liquidation Preference of Series C Preferred Stock as of September 30, 2025: $173.3 million.
• Preferred Equity as a percentage of Total Equity (June 30, 2025): 25%.
• Series C Fixed Coupon Rate until September 27, 2027: 7.5% annually.
• Series C Floating Rate Spread after September 27, 2027: Three-month CME Term SOFR plus a spread of 5.289%.

The asset focus of Invesco Mortgage Capital Inc. itself speaks to the demand from money managers and overseas investors, as management noted expected demand from these groups in an environment of easing monetary policy. The portfolio composition as of Q3 2025 was:

Asset Class	Investment Amount (as of September 30, 2025)	Portfolio Percentage
Agency RMBS	$4.8 billion	83.1%
Agency CMBS	$0.9 billion	16%

The company also maintained a sizable balance of unrestricted cash and unencumbered investments totaling $423 million at the end of Q3 2025, which supports the liquidity sought by institutional investors.

Invesco Mortgage Capital Inc. (IVR) - Canvas Business Model: Cost Structure

You're looking at the core expenses that drive Invesco Mortgage Capital Inc.'s operations, which, as an mREIT, are heavily weighted toward the cost of money. Honestly, for a company like Invesco Mortgage Capital Inc., the cost structure is dominated by financing costs.

Interest expense on repurchase agreements, which is the main way they fund their asset portfolio, is the single largest component here. For the third quarter of 2025, the Effective interest expense was reported at $26.2 million. This is the key metric you watch to see how efficiently they are managing their short-term borrowing costs against their asset yields.

The structure also includes fixed obligations to preferred shareholders. Following the redemption of the Series B shares, the annual allocation for preferred stock dividends is set at approximately $13.5 million. This is a fixed cash outflow that must be covered before common shareholders see returns.

Here's a quick look at some key financial figures from the third quarter of 2025 that frame these costs:

Cost/Financial Metric	Latest Reported Value (Q3 2025 or Annual)	Unit/Period
Effective Interest Expense (Primary Funding Cost Proxy)	$26.2 million	Q3 2025
Annual Preferred Stock Dividend Allocation	$13.5 million	Annual
Total Interest Expense (GAAP)	$55,025 thousand	Q1 2025
Revenue	$17.61 million	Q3 2025
Debt-to-Equity Ratio	6.7x	As of September 30, 2025

The External management fees paid to Invesco Advisers, Inc. are a recurring operational cost tied to the externally managed structure. While Invesco Mortgage Capital Inc. confirms the adviser relationship, the specific dollar amount for the management fee for 2025 wasn't explicitly detailed in the latest earnings summaries found.

General and administrative (G&A) expenses and operating costs cover the day-to-day running of the business, separate from the financing interest. For context on overhead absorption, the Earnings available for distribution per common share for Q3 2025 was $0.58, and the common stock dividend declared was $0.34 per share.

You should keep an eye on how the effective cost of funds moves relative to the effective interest rate margin, which was 3.28% in Q3 2025. The company is actively working to manage this cost base, as noted by the CEO's commitment to further reduce expenses.

• Preferred Dividend Coverage improved substantially in 2024.
• Series C Preferred Stock liquidation preference was $173.3 million as of September 30, 2025.
• The company repurchased Series C Preferred Stock for a total cost of $2.2 million in Q3 2025.
• The company sold common stock for net cash proceeds of $36.1 million in Q3 2025.

Finance: draft 13-week cash view by Friday.

Invesco Mortgage Capital Inc. (IVR) - Canvas Business Model: Revenue Streams

The revenue streams for Invesco Mortgage Capital Inc. are fundamentally tied to the performance of its investment portfolio, which is heavily weighted toward agency mortgage-backed securities.

Net interest income (NII) from the Agency RMBS and CMBS portfolio forms a core component of the top line. For the third quarter of 2025, the net interest income was reported at $17.6 million. The investment portfolio composition as of the end of Q3 2025 showed a significant allocation to these assets:

Asset Class	Balance as of Q3 2025 End
Total Investment Portfolio	$5.7 billion
Agency RMBS (Residential Mortgage-Backed Securities)	$4.8 billion
Agency CMBS (Commercial Mortgage-Backed Securities)	$0.9 billion

The overall revenue picture for Invesco Mortgage Capital Inc. shows the following for the trailing twelve-month period ending Q3 2025:

• Total revenue for the last twelve months ending Q3 2025 was $72.30 million.
• This trailing twelve-month revenue figure represented a decrease of -29.73% year-over-year.
• The revenue for the quarter ending September 30, 2025, was reported as $57.94 million, showing a 27.80% growth for that specific quarter.

Realized and unrealized gains/losses on investment securities and hedges directly impact the economic return realized by shareholders. The market conditions in Q3 2025, including declining interest rate volatility and a favorable reversal in swap spreads, provided a tailwind. This performance translated into an economic return for the quarter of 8.7%.

Shareholder distributions are a key part of the return profile. Invesco Mortgage Capital Inc. declared a quarterly common stock dividend of $0.34 per share for the third quarter of 2025. This dividend was unchanged from the second quarter of 2025. The book value per common share increased to $8.41 as of September 30, 2025, up from $8.05 at the end of Q2 2025.

Here's a quick look at the key Q3 2025 metrics that feed into the revenue realization:

Metric	Q3 2025 Value
Net Income Per Common Share	$0.74
Earnings Available for Distribution Per Common Share	$0.58
Common Stock Dividend Per Share	$0.34
Economic Return	8.7%

The company also raised capital during the quarter, selling shares for net cash proceeds of $36.1 million through its at-the-market program.