Invesco Mortgage Capital Inc. (IVR) Stock

Invesco Mortgage Capital Inc. (IVR) is a Real Estate stock trading at $7.52 (as of 2026-08-21), with a market capitalization of $809.46M and a trailing P/E of 16.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Invesco Mortgage Capital Inc. is a REIT that invests in and finances mortgage-related assets, including government-guaranteed RMBS and CMBS, non-government securities, credit risk transfer obligations, mortgage loans, and other related financing arrangements. It focuses on mortgage-backed and real-estate financing markets and serves investors as a publicly traded REIT.

Understand Invesco Mortgage Capital Inc.: how it makes money

Invesco Mortgage Capital Inc. is a REIT that invests in and manages mortgage-backed securities, it aims to earn returns from mortgage-related assets such as agency-guaranteed and non-agency RMBS and CMBS, plus credit risk transfer securities.

The company’s earnings power is structurally driven by the performance of the mortgage-backed securities it invests in, including agency-guaranteed and non-agency RMBS and CMBS, and the credit risk transfer securities it holds.

Business quality (Weak): The business model is straightforward from the description, it is a mortgage-focused REIT, but the provided facts do not include segment detail or operational KPIs, which limits how specifically investors can track performance beyond the mortgage asset mix.

Valuation: At 10× earnings, IVR trades 69% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

Mortgage asset flexibility across guarantees: It primarily focuses on investing in RMBS and CMBS that are guaranteed by a U.S. government agency or federally chartered corporation, and also invests in RMBS and CMBS that are not issued or guaranteed by a U.S. government agency or federally chartered corporation.
Broad mortgage-related toolkit: Its mandate includes mortgage-backed securities and other mortgage-related assets, including credit risk transfer securities.

Bear case

Credit and cash flow performance risk: Because it invests in mortgage-backed securities and credit risk transfer securities, underperformance in underlying mortgage collateral or the terms of those securities can negatively affect results, particularly for non-agency and unsecured credit risk transfer exposures.
Model tied to mortgage market conditions: The company primarily focuses on mortgage-related assets, so its outcomes are exposed to risks inherent in the mortgage-backed securities it holds.

Valuation — source: SEC EDGAR (first-party)
Price	$7.52
Market Cap	$809.46M
P/E Ratio	16.6
Price / Book	0.82
Price / Sales	2.55
DCF Value (model)	$24.61
DCF Upside vs Price	227.3%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$295.29M
Net Margin	34.3%
Revenue Growth (YoY)	3.1%
EPS Growth (YoY)	103.1%

Valuation vs Sector & Industry
Stock P/E	16.6
Sector P/E (Real Estate)	27.2
Industry P/E (Trading)	35.3
vs Sector	-38.8%
vs Industry	-52.9%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($58.21M)
Institutional Holders Tracked	10

Company
Sector	Real Estate
Industry	Trading
CEO	John Anzalone
Employees	0
Country	US
IPO Date	2009-07-01

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.