Invesco Mortgage Capital Inc. (IVR)

Invesco Mortgage Capital Inc. (IVR) — VMCI valuation read

Composite valuation read on IVR: VMCI 52/100 against a Real Estate sector median of 50. The 2-point above-median print is the headline number for Invesco Mortgage Capital Inc., and at the mid-cap tier it reflects how the five pillars combine into a single decision-grade score.

Trailing 30-day insider activity for IVR: nothing material on SEC EDGAR. With the Form 4 channel quiet, the price-vs-DCF gap and the trailing margin trend carry more weight in the active read.

**Investor frame.** Value, quality, risk in three lines on IVR: IVR trades at 21.0x earnings, 17% above the Real Estate median of 18.0x; ROIC of 9.0% trails the Real Estate median (10.0%) by 1.0pp; net debt to EBITDA of -0.7x leaves covenant headroom. EV/EBITDA at 14.0x versus 12.0x for Real Estate closes the value frame.

IVR fell 1.8% over the trailing 7 days, with a -3.5% read on a 30-day basis.