In 2024, AI's mortgage receivables fell 1.5% to $863M, with revenue down 1.3% YoY and EPS dropping 10%, yet beating forecasts. Dividends dipped to $1.06/share, while regular dividends rose to $0.93/share. With BoC rate cuts and a shift to low-risk properties, AI’s portfolio strengthened. Despite tariff threats, AI is poised to handle economic uncertainty, though we remain cautious on MIC stocks.
Atrium Mortgage Investment Corporation (TSX: AI), one of our top picks, reported record mortgage receivables of $926M in Q3 2024, despite sluggish sector activity and a 50% YoY decline in loan advancements. Revenue dipped 3% YoY due to declining lending rates, but EPS rose 4% on lower loan loss provisions. The company is reducing portfolio risk by focusing on lower-risk property types like single-family residential and income-producing commercial properties. With expected BoC rate cuts and risin...
Atrium Mortgage Investment Corporation (TSX: AI) reported its highest-ever Q2 revenue in 2024, with a 6% year-over-year increase, despite challenges in the sector. The company's earnings per share (EPS) were down 20% YoY due to higher loan loss provisions, leading to a 5% miss on estimates. The annual regular dividend remained steady at $0.90 per share. Loan advancements surged 53% YoY, driving mortgage receivables to a record high of $908 million. However, concerns arose over a $50 million mor...
We’re excited to share our latest report on Atrium Mortgage Investment Corporation (AI.TO - TSX, AMIVF - NASDAQ). Atrium has reported record-breaking Q1 revenue for 2024, despite the challenges of higher lending rates. With a focus on reducing risk and maintaining high dividend yields, Atrium continues to stand out in the mortgage finance industry.
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
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