Invesco Mortgage's total investment portfolio includes TBAs of $8.0B at September-end
Invesco Mortgage Capital reported its total investment portfolio, including TBAs, was $8.0B at September-end, down from $8.3B in August. Unrestricted cash and unencumbered investments decreased to $401.3M from $534.7M. The estimated book value per common share fell to $6.74 from $7.74, and the economic debt-to-equity ratio rose to 8.3x from 7.5x.
How this was made
The 30-second read
Why it matters
The reduction in TBA holdings and cash, along with a lower book value per share, may lead to short‑term price weakness.
Market read
The data offers a fresh snapshot of IVR's asset base, useful for short‑term traders and REIT analysts.
What to watch
Potential upcoming capital raise or asset sales not disclosed yet could mitigate the impact of the current decline.
Background
Invesco Mortgage Capital (IVR) provides a monthly update on its investment portfolio, a standard disclosure for mortgage REITs.
Ticker impact
Invesco Mortgage Capital disclosed its portfolio TBAs fell to $8.0B and book value per share dropped to $6.74 as of Sept. 30, 2026.
likely downward pressure as investors price the reduced portfolio size and lower book value
Portfolio shrinkage and a $133M drop in cash indicate reduced earnings potential for the REIT.
Market effects
May signal tightening in mortgage‑backed securities market, affecting other mortgage REITs.
Primarily U.S. mortgage REIT sector.
Limited to investors tracking U.S. fixed‑income and REIT space.
Counterpoint
If the portfolio reduction reflects strategic de‑risking, the REIT could outperform peers in a volatile rate environment.
Key entities
- companyInvesco Mortgage Capital Inc.
U.S.-listed mortgage REIT reporting portfolio metrics.
