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Invesco Mortgage Capital posts 4Q profit

ATLANTA (AP) _ Invesco Mortgage Capital Inc. (IVR) on Tuesday reported fourth-quarter profit of $275.8 million.

On a per-share basis, the Atlanta-based company said it had profit of $2.15. Earnings, adjusted for investment gains, came to 36 cents per share.

The real estate investment trust posted revenue of $324.5 million in the period. Its adjusted revenue was $80.2 million.

For the year, the company reported profit of $254.4 million, or $1.98 per share. Revenue was reported as $321.3 million.

Invesco Mortgage Capital shares have risen 7 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.65, a climb of 51 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IVR at https://www.zacks.com/ap/IVR


Keywords: Invesco Mortgage Capital, Earnings Report