Invesco Mortgage Capital Inc
(NYSE:IVR)

Invesco Mortgage Capital Inc. operates as a real estate investment trust (REIT) that primarily focuses on investing in, financing, and managing mortgage-backed securities and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed sec...

Website: http://www.invescomortgagecapital.com

Sector: Real Estate

Industry: REIT-Mortgage

REIT Mortgage

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30

interest income	79,641,000	77,901,000	72,916,000	70,624,000	73,846,000	52,609,000	73,825,000	68,028,000	68,583,000																																													145,388,000	140,477,000	139,004,000	141,960,000	137,544,000	138,291,000	108,981,000	68,536,000	50,945,000	36,067,000	29,207,000	18,010,000	23,518,017	10,983
interest expense	52,593,000	56,643,000	55,302,000	52,895,000	55,025,000	62,431,000	66,315,000	59,393,000	61,580,000																																													65,093,000	60,327,000	56,700,000	55,285,000	55,004,000	50,452,000	34,207,000	15,578,000	10,652,000	8,873,000	6,379,000	3,652,000	4,624,930	2,070
net interest income	27,048,000	21,258,000	17,614,000	17,729,000	18,821,000	13,679,000	7,510,000	8,635,000	7,003,000	8,302,000	9,431,000	12,406,000	19,561,000	25,855,000	31,720,000	41,100,000	44,278,000	46,037,000	46,454,000	46,331,000	41,670,000	38,310,000	28,852,000	29,731,000	101,011,000	85,980,000	73,027,000	72,985,000	74,055,000	74,482,000	70,835,000	73,739,000	85,092,000	93,044,000	86,214,000	82,937,000	86,269,000	80,183,000	84,889,000	79,245,000	75,852,000	88,485,000	92,152,000	90,410,000	101,228,000	105,433,000	99,146,000	105,015,000	102,449,000	79,226,000	81,746,000	96,223,000	92,914,000	80,295,000	80,150,000	82,304,000	86,675,000	82,540,000	87,839,000	74,774,000	52,958,000	40,293,000	27,194,000	22,828,000	14,358,000	18,893,087	8,913
other income
gain on investments	-54,940,000	22,914,000	49,540,000	-5,268,000	82,158,000	-187,714,000	165,168,000	-45,212,000	-66,153,000	165,340,000	-224,897,000	-99,679,000	51,956,000	10,762,000	-260,837,000	-324,876,000	-504,388,000	-90,442,000	-16,830,000	72,620,000	-331,857,000	34,805,000	65,106,000	-306,366,000	-755,483,000	-148,511,000	202,413,000	302,182,000	268,382,000	76,957,000	-207,910,000	-36,377,000	-160,370,000	-17,153,000	-11,873,000	11,175,000	-1,853,000	-23,402,000	-7,155,000	1,414,000	11,601,000	-31,302,000	-2,958,000	10,876,000
gain on derivative instruments	12,879,000	11,887,000	-9,218,000	-30,916,000	-76,679,000	182,556,000	-127,345,000	28,262,000	93,161,000	-141,580,000	151,689,000	96,624,000	-44,895,000	4,856,000	133,549,000	181,742,000	238,860,000	-13,348,000	35,282,000	-186,284,000	286,961,000	57,186,000	2,886,000	-343,000	-910,779,000	188,682,000	-177,244,000	-344,733,000	-201,460,000	-293,485,000	87,672,000	67,169,000	133,367,000	64,251,000	1,955,000	-53,513,000	5,462,000	230,713,000	35,378,000	-90,363,000	-238,543,000	68,296,000	-220,602,000	56,003,000	-122,745,000	-164,637,000	-3,704,000
total other income	-42,061,000	34,801,000	40,322,000	-36,184,000	5,479,000	-5,392,000	37,903,000	-17,213,000	26,776,000	23,647,000	-73,249,000	-3,197,000	6,970,000	15,640,000	-127,294,000	-143,497,000	-265,402,000	-103,501,000	18,797,000	-112,487,000	-44,068,000	90,767,000	85,053,000	-304,697,000	-1,703,147,000	44,403,000	26,578,000	-43,280,000	76,527,000	-224,080,000	-113,111,000	30,165,000	-19,866,000	61,244,000	-11,471,000	-19,082,000	18,648,000	209,905,000	60,324,000	-74,264,000	-217,789,000	34,797,000	-217,999,000	70,397,000	-115,288,000	-162,787,000	-51,622,000	-184,396,000	-162,260,000	-146,476,000	-74,491,000	61,343,000	6,650,000	23,215,000	16,638,000	7,216,000	7,202,000	3,630,000	3,049,000	6,540,000	5,585,000	4,747,000	3,349,000	2,019,000	1,030,000	2,073,013	-13
expenses
management fee – related party	2,974,000	2,122,250	2,662,000	2,831,000	2,996,000	2,173,500	2,888,000	2,945,000	2,861,000	2,309,250	3,090,000	3,168,000	2,979,000	3,432,250	3,836,000	4,619,000	5,274,000	3,942,750	5,432,000	5,455,000	4,884,000	6,214,250	4,111,000	9,793,000	10,953,000	6,911,000	8,740,000	9,370,000	9,534,000	7,607,000	10,105,000	10,102,000	10,221,000	6,846,250	9,557,000	9,027,000	8,801,000	6,323,000	6,719,000	9,061,000	9,512,000	7,204,000	10,058,000	9,343,000	9,415,000	6,969,000	9,214,000	9,327,000	9,335,000	8,026,500	10,945,000	10,807,000	10,354,000	6,593,000	9,053,000	8,681,000	8,639,000	8,647,000	7,884,000		3,975,000	2,986,000	2,039,000	1,771,000	1,284,000	1,512,247	753
general and administrative	1,917,000	1,759,000	1,803,000	2,041,000	1,663,000	1,609,000	1,805,000	1,943,000	1,796,000	1,697,000	1,691,000	1,963,000	2,089,000	1,857,000	2,018,000	2,519,000	2,024,000	1,874,000	2,139,000	2,147,000	1,993,000	1,854,000	1,828,000	4,080,000	3,103,000	1,882,000	1,862,000	1,999,000	2,258,000	2,116,000	1,673,000	1,525,000	1,756,000	1,801,000	1,697,000	1,608,000	2,084,000	1,496,000	1,836,000	1,896,000	2,037,000	1,583,000	2,507,000	1,952,000	1,727,000	4,253,000	4,079,000	3,739,000	3,196,000	3,660,000	2,259,000	3,043,000	1,543,000	894,000	959,000	1,045,000	1,130,000	1,004,000	829,000	1,157,000	868,000	664,000	263,000	284,000	182,000	498,651	245
total expenses	4,891,000	4,565,000	4,465,000	4,872,000	4,659,000	4,781,000	4,693,000	4,888,000	4,657,000	4,750,000	4,781,000	5,131,000	5,068,000	5,034,000	5,854,000	7,138,000	7,298,000	7,183,000	7,571,000	7,602,000	6,877,000	6,364,000	5,939,000	13,873,000	14,056,000	12,411,000	10,602,000	11,369,000	11,792,000	12,410,000	11,778,000	11,627,000	11,977,000	11,972,000	11,254,000	10,635,000	10,885,000	10,745,000	8,555,000	10,957,000	11,549,000	13,074,000	14,697,000	13,551,000	13,298,000	13,976,000	13,293,000	13,066,000	12,531,000	14,193,000	13,204,000	13,850,000	11,987,000	10,180,000	10,012,000	9,726,000	9,769,000	9,651,000	8,713,000	6,910,000	4,843,000	4,160,000	2,924,000	2,788,000	2,221,000	3,462,141	1,727
net income	-19,904,000	51,494,000	53,471,000	-23,327,000	19,641,000	3,506,000	40,720,000	-13,466,000	29,122,000	27,199,000	-68,599,000	4,078,000	21,463,000	36,461,000	-101,428,000	-109,535,000	-228,422,000					122,713,000	107,966,000	-288,839,000	-1,616,192,000	117,972,000	89,003,000	18,336,000	138,790,000	-162,008,000	-54,054,000	92,277,000	53,249,000	142,316,000	63,489,000	53,220,000	94,032,000	279,343,000	136,658,000	-5,976,000	-153,486,000	110,208,000	-140,463,000	147,326,000	-27,296,000	-71,240,000	34,440,000	-92,397,000	-72,549,000	-81,576,000	-6,036,000	143,053,000	87,667,000	93,330,000	86,776,000	79,794,000	84,108,000	76,519,000	82,175,000	74,404,000	53,700,000	40,880,000	27,619,000	22,059,000	13,167,000	17,503,959	7,173
yoy	-201.34%	1368.74%	31.31%	73.23%	-32.56%	-87.11%	-159.36%	-430.21%	35.68%	-25.40%	-32.37%	-103.72%	-109.40%									4.02%	21.31%	-1675.26%	-1264.49%	-172.82%	-264.66%	-80.13%	160.64%	-213.84%	-185.14%	73.39%	-43.37%	-49.05%	-53.54%	-990.56%	-161.26%	153.47%	-197.29%	-104.06%	462.30%	-254.70%	-507.85%	-259.45%	-62.38%	-12.67%	-670.58%	-164.59%	-182.76%	-187.41%	-106.96%	79.28%	4.23%	21.97%	5.60%	7.24%	56.63%	87.18%	197.53%	237.30%	307.84%	133.55%	384941.13%
qoq	-138.65%	-3.70%	-329.22%	-218.77%	460.21%	-91.39%	-402.39%	-146.24%	7.07%	-139.65%	-1782.17%	-81.00%	-41.13%	-135.95%	-7.40%	-52.05%						13.66%	-137.38%	-82.13%	-1469.98%	32.55%	385.40%	-86.79%	-185.67%	199.72%	-158.58%	73.29%	-62.58%	124.16%	19.30%	-43.40%	-66.34%	104.41%	-2386.78%	-96.11%	-239.27%	-178.46%	-195.34%	-639.73%	-61.68%	-306.85%	-137.27%	27.36%	-11.07%	1251.49%	-104.22%	63.18%	-6.07%	7.55%	8.75%	-5.13%	9.92%	-6.88%	10.44%	38.55%	31.36%	48.01%	25.21%	67.53%	-24.78%	243925.64%
dividends to preferred stockholders	-3,190,000	-3,221,000	-3,261,000	-3,297,000	-3,341,000	-5,444,000	-5,474,000	-5,508,000	-5,585,000	-5,679,000	-5,772,000	-5,840,000	-5,862,000	-5,862,000	-5,862,000	-8,100,000	8,394,000	8,394,000	8,394,000	9,900,000	11,107,000	11,106,000	11,107,000	11,106,000	11,107,000	11,106,000	11,107,000	11,106,000	11,107,000	11,106,000	11,107,000	11,106,000	11,107,000	3,086,000	13,562,000	5,716,000	5,716,000	5,716,000	5,716,000	5,716,000	5,716,000	5,716,000	5,716,000	5,716,000	5,716,000
gain on repurchase and retirement of preferred stock	-27,000	-30,000	-2,000	57,000	-11,000	1,000	25,000	208,000	193,000	760,000	347,000	364,000			12,688,000	1,491,000
net income attributable to common stockholders	-23,121,000	48,243,000	50,208,000	-26,567,000	16,289,000	-5,472,000	35,271,000	-18,766,000	23,730,000	22,280,000	-74,024,000	-1,398,000	15,601,000	30,599,000	-94,602,000	-116,144,000	-236,816,000	-73,041,000	49,286,000	-88,340,000	-20,382,000	111,607,000	96,859,000	-299,945,000	-1,627,299,000	106,866,000	77,896,000	7,230,000	127,683,000	-172,215,000	-64,480,000	80,008,000	41,471,000	137,436,000	49,127,000	46,834,000	87,130,000	270,105,000	129,219,000	-11,617,000	-157,305,000	103,171,000	-144,550,000	139,925,000
other comprehensive income
unrealized gain on mortgage-backed securities																																													140,598
reclassification of unrealized loss on sale of mortgage-backed securities to gain on investments
total other comprehensive income																																													157,601
comprehensive income attributable to common stockholders	-23,121,000																																												123,099
earnings per share
basic	-0.28	0.71	0.74	-0.4	0.26	-0.13	0.63	-0.38	0.49	0.55	-1.62	-0.03	0.39	1.21	-2.78	-3.52	-0.72	-0.25	0.17	-0.34	-0.09	0.98	0.53	-1.8	-10.38	0.76	0.57	0.06	1.05	-1.54	-0.58	0.72	0.37	1.23	0.44	0.42	0.78	2.41	1.16	-0.1	-1.39	0.85	-1.18	1.14		-0.64	0.25	-0.76	-0.6	-0.62	-0.06
diluted	-0.28	0.71	0.74	-0.4	0.26	-0.13	0.63	-0.38	0.49	0.55	-1.62	-0.03	0.39	1.21	-2.78	-3.52	-0.72	-0.25	0.17	-0.34	-0.09	0.98	0.53	-1.8	-10.38	0.77	0.57	0.06	1.05	-1.54	-0.58	0.72	0.37	1.16	0.43	0.41	0.73	2.32	1.05	-0.1	-1.39	0.85	-1.18	1.04		-0.64	0.25	-0.76	-0.6	-0.57	-0.06
decrease in provision for credit losses						-236,000	80,000	-263,000	-39,000	-108,000	-43,000	-169,000								830,000	938,000
equity in earnings of unconsolidated ventures									-193,000	-5,000	2,000		2,000	-120,000	-6,000	-352,000	71,000	289,000	344,000	331,000	-94,000	343,000	332,000	318,000	170,000	427,000	403,000	702,000	692,000	624,000	1,084,000	798,000	896,000	-320,000	408,000	-154,000	-1,534,000	400,000	729,000	202,000	1,061,000	3,499,000	1,894,000	1,231,000	6,006,000
earnings per share:
basic	-0.28	0.71	0.74	-0.4	0.26	-0.13	0.63	-0.38	0.49	0.55	-1.62	-0.03	0.39	1.21	-2.78	-3.52	-0.72	-0.25	0.17	-0.34	-0.09	0.98	0.53	-1.8	-10.38	0.76	0.57	0.06	1.05	-1.54	-0.58	0.72	0.37	1.23	0.44	0.42	0.78	2.41	1.16	-0.1	-1.39	0.85	-1.18	1.14		-0.64	0.25	-0.76	-0.6	-0.62	-0.06
diluted	-0.28	0.71	0.74	-0.4	0.26	-0.13	0.63	-0.38	0.49	0.55	-1.62	-0.03	0.39	1.21	-2.78	-3.52	-0.72	-0.25	0.17	-0.34	-0.09	0.98	0.53	-1.8	-10.38	0.77	0.57	0.06	1.05	-1.54	-0.58	0.72	0.37	1.16	0.43	0.41	0.73	2.32	1.05	-0.1	-1.39	0.85	-1.18	1.04		-0.64	0.25	-0.76	-0.6	-0.57	-0.06
other investment income												27,000	-93,000	142,000		-11,000	55,000		1,000	16,000	-16,000	201,000	402,000	731,000	803,000	909,000	1,005,000	1,007,000	1,029,000	850,000	1,068,000	-2,160,000	3,102,000	1,206,000	2,313,000	2,533,000	1,329,000	-1,385,000	-554,000	-2,745,000	-318,000	-574,000	739,000	1,673,000	-894,000	-687,000	-1,358,000
mortgage-backed and other securities										62,082,000	75,132,000	71,428,000	69,287,000	57,877,000	49,058,000	43,994,000	41,637,000
commercial loan														442,000	670,000	561,000	537,000
total interest income										62,082,000	75,132,000	71,428,000	69,287,000	58,056,000	49,728,000	44,555,000	42,174,000	42,856,000	43,182,000	43,154,000	40,010,000	35,858,000	27,436,000	30,173,000	186,699,000	192,781,000	196,291,000	202,221,000	187,074,000	176,104,000	162,088,000	151,599,000	153,225,000	152,981,000	140,389,000	127,048,000	124,637,000	114,589,000	118,147,000	118,807,000	125,980,000	154,522,000	161,383,000	160,836,000	173,507,000	179,019,000	169,405,000	174,452,000	171,062,000	174,866,000	171,328,000	175,685,000	160,481,000
repurchase agreements										53,780,000	65,701,000	59,022,000	49,726,000	32,201,000	18,008,000	3,455,000	-2,104,000	-3,181,000	-3,272,000	-3,177,000	-1,660,000	-2,452,000	-1,713,000	-1,270,000	79,042,000	97,993,000	112,851,000	117,978,000	101,875,000	91,057,000	81,763,000	69,389,000	59,585,000	51,955,000	45,907,000	36,072,000	29,947,000	26,048,000	24,892,000	31,260,000	41,800,000	41,348,000	41,303,000	40,931,000	43,310,000	46,050,000	45,756,000	47,822,000	49,071,000	79,060,000	73,695,000	68,463,000	66,328,000
total interest expense										53,780,000	65,701,000	59,022,000	49,726,000	32,201,000	18,008,000	3,455,000	-2,104,000	-3,181,000	-3,272,000	-3,177,000	-1,660,000	-2,452,000	-1,416,000	442,000	85,688,000	106,801,000	123,264,000	129,236,000	113,019,000	101,622,000	91,253,000	77,860,000	68,133,000	59,937,000	54,175,000	44,111,000	38,368,000	34,406,000	33,258,000	39,562,000	50,128,000	66,037,000	69,231,000	70,426,000	72,279,000	73,586,000	70,259,000	69,437,000	68,613,000	95,640,000	89,582,000	79,462,000	67,567,000
issuance and redemption costs of redeemed preferred stock																				4,682,000
mortgage-backed and credit risk transfer securities																		42,331,000	42,657,000	42,634,000	39,434,000	35,329,000	26,907,000	29,628,000	185,536,000	191,490,000	194,938,000	200,737,000	185,492,000	174,511,000	160,416,000	147,548,000	149,003,000	147,509,000	134,138,000	121,027,000	118,873,000	108,871,000	112,467,000	112,860,000	121,087,000	127,633,000	129,260,000	126,098,000
commercial and other loans																		525,000	525,000	520,000	576,000	529,000	529,000	545,000	1,163,000	1,291,000	1,353,000	1,484,000	1,582,000	1,593,000	1,672,000
secured loans																							297,000	1,712,000	6,646,000	8,808,000	10,413,000	11,258,000	11,144,000	10,565,000	9,490,000	8,471,000	6,927,000	5,878,000	5,544,000	4,535,000	3,413,000	2,738,000	2,746,000	2,688,000	2,715,000	1,940,000	1,622,000	1,553,000	1,464,000	1,177,000	1,223,000	176,000
realized and unrealized credit derivative income																							478,000	-2,738,000	-33,052,000	2,896,000	1,000	-2,438,000	7,884,000	-9,026,000	4,975,000	735,000	3,165,000	13,220,000	-2,930,000	21,403,000	19,955,000	3,579,000	31,926,000	17,228,000	8,410,000	-5,122,000	2,928,000	614,000
net gain on extinguishment of debt																							15,849,000	3,701,000
net income attributable to invesco mortgage capital inc.																		-64,647,000	57,680,000	-73,758,000						117,972,000	89,003,000	18,336,000	138,790,000	-161,109,000	-53,373,000	91,114,000	52,578,000	140,522,000	62,689,000	52,550,000	92,846,000	275,821,000	134,935,000	-5,901,000	-151,589,000	108,887,000	-138,834,000	145,641,000		-70,424,000	34,046,000	-91,340,000	-71,727,000	-80,670,000	-5,973,000	141,560,000	86,705,000	92,232,000	85,750,000
net income per share
basic	-0.28	0.71	0.74	-0.4	0.26	-0.13	0.63	-0.38	0.49	0.55	-1.62	-0.03	0.39	1.21	-2.78	-3.52	-0.72	-0.25	0.17	-0.34	-0.09	0.98	0.53	-1.8	-10.38	0.76	0.57	0.06	1.05	-1.54	-0.58	0.72	0.37	1.23	0.44	0.42	0.78	2.41	1.16	-0.1	-1.39	0.85	-1.18	1.14		-0.64	0.25	-0.76	-0.6	-0.62	-0.06
diluted	-0.28	0.71	0.74	-0.4	0.26	-0.13	0.63	-0.38	0.49	0.55	-1.62	-0.03	0.39	1.21	-2.78	-3.52	-0.72	-0.25	0.17	-0.34	-0.09	0.98	0.53	-1.8	-10.38	0.77	0.57	0.06	1.05	-1.54	-0.58	0.72	0.37	1.16	0.43	0.41	0.73	2.32	1.05	-0.1	-1.39	0.85	-1.18	1.04		-0.64	0.25	-0.76	-0.6	-0.57	-0.06
net income attributable to invesco mortgage capital, inc.																					-9,275,000
net loss on extinguishment of debt																									-4,806,000								-26,000	-1,645,250	-1,344,000	-526,000	-4,711,000
exchangeable senior notes																																	1,621,000	2,104,000	2,724,000	3,504,000	5,008,000	5,620,000	5,620,000	5,614,000	5,613,000	5,621,000	5,620,000	5,613,000	5,607,000	5,621,000	5,620,000	5,613,000	5,607,000
net income attributable to non-controlling interest																														-899,000	-681,000	1,163,000	671,000	1,794,000	800,000	670,000	1,186,000	3,522,000	1,723,000	-75,000	-1,897,000	1,321,000	-1,629,000	1,685,000		-816,000	394,000	-1,057,000	-822,000	-906,000	-63,000	1,493,000	962,000	1,098,000	1,026,000	973,000	1,026,000	934,000	1,091,000	1,406,000	1,452,000	965,000	1,433,000	1,309,000	1,118,000	2,416,030	970
commercial loans																																4,051,000	4,222,000	5,472,000	6,251,000	6,021,000	5,764,000	5,718,000	5,680,000	5,947,000	4,893,000	3,982,000	3,743,000	4,491,000	3,115,000	3,179,000	2,649,000	2,061,000	1,619,000	1,019,000	372,000	60,000
dividends declared per common share																																0.42	0.42	0.303	0.41	0.4	0.4	0.3	0.4	0.4	0.4	0.325	0.4	0.45	0.45	0.375	0.5	0.5	0.5	0.45	0.5	0.65	0.65	0.65	0.65	0.65	0.65	0.65	0.8	0.97	1	0.97	1	0.74	0.78
residential loans																																										22,907,000	28,380,000	30,247,000	29,374,000	27,185,000	22,713,000	20,471,000	17,704,000	13,679,000	13,417,000	6,889,000	137,000
asset-backed securities																																										17,128,000	20,686,000	22,329,000	21,898,000	20,738,000	17,660,000	15,826,000	13,935,000
reduction in provision for loan losses
net interest income after reduction in provision for loan losses																																						80,183,000	84,889,000	79,245,000
consolidated securitization trusts																																										1,675,000	2,132,000	2,256,000	2,156,000
(reduction in) provision for loan losses																																											-81,000	-70,000	-62,000
net interest income after (reduction in) provision for loan losses																																									75,852,000	88,485,000	92,233,000	90,480,000	101,290,000
undeclared cumulative dividends to preferred stockholders
mortgage-backed securities																																													141,018,000	148,655,000	144,043,000	151,920,000	151,739,000	160,168,000	157,539,000	168,736,000	160,344,000
gain on sale of investments																																													2,142,000	1,006,000	-47,952,000	-20,766,000	-11,718,000	-142,530,000	-69,323,000	5,692,000	6,712,000	23,237,000	12,836,000	6,098,000	6,045,000	2,517,000	3,637,000	3,605,000
realized and unrealized credit default swap income																																													203,000	225,000	247,000	292,000	329,000	299,000	297,000	180,000	351,000	421,000	1,348,000	690,000	657,000	659,000	858,000	1,259,000	2,532,000
net loss attributable to non-controlling interest																																													-312,000
net loss attributable to invesco mortgage capital inc.																																													-26,984,000
net loss attributable to common stockholders																																													-32,700,000
loss per share:
basic																																													-0.27
diluted																																													-0.27
in thousands																																													2,015
other comprehensive income:
reclassification of unrealized loss on sale of mortgage-backed securities to gain on sale of investments																																													-2,142
reclassification of amortization of net deferred losses on de-designated interest rate swaps to repurchase agreements interest expense																																													19,145
comprehensive income																																													130,305
less: comprehensive income attributable to non-controlling interest																																													-1,490
less: dividends to preferred stockholders																																													-5,716
provision for loan losses																																														-13,000	-209,000	-50,000	207,000	133,000	87,000	663,000
net interest income after provision for loan losses																																														105,523,000	99,355,000	105,065,000	102,242,000	79,093,000	81,659,000	95,560,000
equity in earnings and fair value change in unconsolidated ventures																																														1,370,000	1,145,000	3,894,000	441,000	176,000	1,422,000	2,157,000	1,590,000	938,000	3,262,000	1,961,000	1,009,000	563,000	-993,000
dividends to preferred shareholders																																														2,034,500	2,713,000	2,712,000	2,713,000	2,713,000	2,713,000	2,713,000	2,713,000	2,713,000	2,682,000
undeclared cumulative dividends to preferred shareholders																																														165,250	661,000
net income attributable to common shareholders																																														-34,455,000	30,672,000	-94,052,000	-74,440,000	-83,383,000	-8,686,000	138,847,000	83,992,000	89,519,000	83,068,000	78,821,000	83,082,000	75,585,000	81,084,000	72,998,000	52,248,000	39,414,000	26,186,000	20,750,000	12,049,000
gain on interest rate derivative instruments																																																-167,816,000	-151,312,000
exchangeable senior note																																																		3,100,750	5,621,000	5,622,000	1,160,000
asset-backed securities issued																																																		3,930,500	10,266,000	5,377,000
realized and unrealized gain on interest rate derivative instruments																																																		-4,421,000	-6,887,000
realized and unrealized gain on interest rate swaps and swaptions																																																				53,314,000
earnings per share:
asset-back securities issued																																																					79,000
unrealized loss on interest rate swaps and swaptions																																																					-2,003,000	-1,381,000	-808,000	-1,533,000
revenues
weighted-average number of shares of common stock:
basic		66,881,856				53,773,405				44,073,815				34,160,080				275,132,233				173,730,389				132,305,568				111,637,035				111,610,393				111,973,404				121,377,585				123,104,934				132,714				115,559	115,412	115,409	115,398	86,365	103,028	73,486	51,857	26,039	26,047	22,808	15,685		8,886
diluted		66,883,654				53,775,143				44,073,815				34,160,080				275,132,233				173,730,389				132,317,853				111,637,035				123,040,827				130,254,003				122,843,838				124,529,934				134,174				117,012	116,868	116,868	116,846	87,804	104,472	74,929	53,287	27,468	27,478	24,239	17,111		10,311
unrealized loss on interest rate swaps																																																									-509,000	-109,000	-453,000	-197,000	-5,000	-46,000	-9,000	-10,000	-25,000
loss on other-than-temporarily impaired securities																																																															-124,000	-262,000	-124,000
equity in earnings and fair value change in unconsolidated limited partnerships																																																												1,873,000	1,858,000	2,388,000	3,793,000	1,649,000	446,000
management fee — related party																																																												5,753,000
other income gain on sale of investments																																																													1,200,000	266,000	-311,000	642,000	733,000
insurance																																																														235,000	236,000	347,000	346,000	722,631	354
professional fees																																																														275,000	386,000	386,000	409,000	728,612	375
other income unrealized loss on interest rate swaps																																																																		-3.25	-13
net income attributable to invesco mortgage capital inc. common shareholders																																																																		1,517.75	6,203

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30

assets
mortgage-backed securities, at fair value	6,026,208,000	6,276,609,000	5,749,238,000	5,185,559,000	5,945,789,000	5,445,508,000	5,873,696,000	4,836,827,000	5,007,104,000	5,045,306,000	5,443,928,000	5,507,460,000	5,447,143,000	4,791,893,000	4,356,991,000	3,915,165,000	5,992,494,000	7,804,259,000	8,828,002,000	8,730,663,000	9,099,742,000																								17,340,595,000	17,248,895,000	17,297,034,000	18,247,789,000	17,535,190,000	17,348,657,000	18,811,679,000	19,806,158,000	21,248,432,000	18,470,563,000	18,324,208,000	16,049,674,000	15,577,764,000	14,214,149,000	14,336,951,000	12,155,861,000	9,297,597,000	5,578,333,000	2,457,871,000	2,315,492,000	1,436,005,000	802,592,000	881,938,000
cash and cash equivalents	52,598,000	56,040,000	58,539,000	59,396,000	42,894,000	73,403,000	48,254,000	58,775,000	59,890,000	76,967,000	173,921,000	209,036,000	101,834,000	175,535,000	163,590,000	202,182,000	251,724,000	357,134,000	189,528,000	134,664,000	198,357,000	148,011,000	258,905,000	270,161,000	143,291,000	172,507,000	125,888,000	99,620,000	78,482,000	135,617,000	108,223,000	70,254,000	117,124,000	88,381,000	73,530,000	64,069,000	55,877,000	161,788,000	47,282,000	144,084,000	51,336,000	53,199,000	76,658,000	87,003,000	157,025,000	164,144,000	128,944,000	126,128,000	188,371,000	210,612,000	199,095,000	169,777,000	274,538,000	286,474,000	190,848,000
restricted cash	138,323,000	110,391,000	122,181,000	131,146,000	138,611,000	137,478,000	120,199,000	124,667,000	140,615,000	121,670,000	185,824,000	124,669,000	127,038,000	103,246,000	100,775,000	128,604,000	245,809,000	219,918,000	296,721,000	353,386,000	380,678,000	244,573,000	166,193,000	1,409,000	221,688,000	116,995,000	80,086,000	55,271,000	5,025,000		300,000		2,400,000																						13,473,000	14,696,000	16,068,000	74,496,000	254,587,000	134,037,000	142,245,000	101,144,000	40,235,000	30,877,000	30,614,000	14,432,000	9,158,000
due from counterparties	25,749,000				251,000	580,000		1,279,000					2,983,000	1,584,000	4,837,000	10,231,000	47,793,000	7,985,000	10,010,000	300,000	11,440,000	1,078,000	4,335,000		394,424,000	32,568,000	10,284,000	21,041,000	13,000,000	13,500,000	26,380,000	7,255,000	5,375,000	620,000	1,550,000	1,246,000		86,450,000	241,161,000	267,015,000	233,884,000	110,009,000	174,741,000	65,107,000	82,215,000	57,604,000	28,499,000	30,413,000	4,879,000	1,500,000	8,119,000
investment related receivable	26,804,000	27,848,000	29,017,000	23,538,000	27,315,000	24,870,000	26,739,000	35,599,000	22,924,000	26,604,000	25,608,000	23,809,000	23,239,000	22,744,000	19,306,000	15,996,000	15,214,000	16,766,000	18,358,000	17,809,000	18,536,000	15,840,000	12,767,000	14,232,000	832,043,000	67,976,000	72,959,000	141,989,000	70,789,000	66,598,000	528,223,000	70,839,000	256,899,000	73,217,000	20,934,000	83,181,000	285,910,000	43,886,000	44,944,000	37,186,000	30,406,000	154,594,000	24,897,000	37,123,000	27,697,000	38,717,000	55,942,000	399,499,000	303,565,000	515,404,000	8,912,000	902,228,000	34,155,000	41,429,000	7,608,000	16,234,000	35,081,000	160,424,000	430,053,000	121,120,000	22,215,000	7,601,000
derivative assets, at fair value	1,119,000	4,412,000	738,000		2,931,000	5,033,000	12,035,000	8,991,000	131,000	939,000			3,416,000	662,000	11,227,000	4,289,000	17,674,000	270,000	190,000	4,417,000	17,193,000	10,004,000	8,402,000			18,533,000	4,127,000	10,067,000	26,580,000	15,089,000	46,214,000	47,509,000	26,385,000	6,896,000	7,394,000	11,005,000	5,799,000	3,186,000	505,000	5,502,000	702,000	8,659,000	1,308,000	20,504,000	6,706,000	24,178,000	74,421,000	70,190,000	166,691,000	262,059,000	188,509,000	257,110,000	8,026,000	6,469,000	1,866,000	1,711,000	1,171,000	1,339,000	1,580,000	19,131,000	59,118,000	33,255,000
other assets	399,000	594,000	1,232,000	731,000	973,000	1,162,000	1,307,000	391,000	809,000	1,509,000	2,062,000	1,255,000	1,719,000	1,731,000	28,979,000	27,964,000	29,465,000	37,509,000	36,439,000	35,461,000	36,890,000	41,163,000	43,936,000	79,512,000	140,993,000	166,180,000	168,480,000	174,043,000	177,913,000	154,477,000	145,015,000	108,124,000	107,372,000	105,580,000	102,343,000	102,428,000	112,957,000	109,297,000	183,514,000	108,283,000	115,878,000	1,124,000	1,444,000	810,000	1,055,000	1,098,000	1,521,000	879,000	1,201,000	1,343,000	1,883,000	2,149,000	1,482,000	11,547,000	1,810,000	1,988,000	1,425,000	1,575,000	1,812,000	2,063,000	1,408,000	1,287,000	591,000	568,000	504,000	983,000	254,000	1,388,000
total assets	6,271,200,000	6,475,894,000	5,960,945,000	5,400,370,000	6,158,764,000	5,688,034,000	6,082,230,000	5,066,529,000	5,231,473,000	5,284,209,000	5,831,343,000	5,866,229,000	5,707,372,000	5,097,395,000	4,685,705,000	4,304,431,000	7,082,618,000	8,443,841,000	9,379,248,000	9,276,700,000	9,762,836,000	8,632,851,000	6,475,995,000	1,949,472,000	9,777,247,000	22,346,545,000	24,061,323,000	22,038,078,000	21,499,387,000	17,813,505,000	19,222,887,000	18,014,775,000	18,322,044,000	18,657,256,000	18,802,824,000	16,673,931,000	16,707,287,000	15,706,238,000	16,914,164,000	16,661,582,000	15,893,104,000	16,772,736,000	20,781,346,000	21,218,903,000	21,548,074,000	21,231,017,000	21,019,063,000	21,426,240,000	20,486,056,000	20,350,979,000	20,905,481,000	22,838,577,000	22,103,957,000	18,914,760,000	18,657,226,000	16,362,227,000	15,895,675,000	14,772,167,000	15,248,517,000	12,526,750,000	9,885,206,000	5,862,400,000	2,593,391,000	2,438,907,000	1,523,928,000	853,400,000	906,096,000	359,042,000
liabilities and stockholders' equity
liabilities:
repurchase agreements	5,339,373,000	5,619,255,000	5,150,081,000	4,635,881,000	5,354,561,000	4,893,958,000	5,184,885,000	4,260,475,000	4,393,908,000	4,458,695,000	4,987,006,000	4,959,388,000	4,814,700,000	4,234,823,000	3,887,291,000	3,262,530,000	5,837,420,000	6,987,834,000	7,873,798,000	7,851,204,000	8,240,887,000	7,228,699,000	5,243,288,000		6,287,746,000	17,532,303,000	18,072,032,000	17,075,065,000	16,824,387,000	13,602,484,000	14,378,518,000	13,702,321,000	13,911,137,000	14,080,801,000	14,088,838,000	12,118,948,000	12,289,899,000	11,160,669,000	12,060,502,000	11,768,647,000	11,187,159,000	12,126,048,000	12,912,131,000	13,174,860,000	13,333,081,000	13,622,677,000	13,571,889,000	14,723,223,000	14,852,310,000	15,451,675,000	15,897,612,000	17,878,893,000	17,873,256,000	15,720,460,000	14,876,501,000	13,541,325,000	13,006,380,000	12,253,038,000	12,181,845,000	9,560,766,000	5,751,161,000	4,344,659,000	1,748,969,000	1,676,348,000	961,163,000	545,975,000	614,962,000
derivative liabilities, at fair value	28,730,000		680,000	10,775,000	1,767,000	627,000		1,525,000			7,637,000	2,635,000	12,291,000	2,079,000	3,695,000	37,284,000	77,613,000	14,356,000	11,671,000	17,262,000	4,273,000	6,344,000	391,000	507,000	302,000	352,000	46,381,000	36,969,000	8,463,000	23,390,000	13,982,000	6,071,000	20,354,000	32,765,000	40,631,000	44,147,000	45,623,000	134,228,000	382,321,000	447,738,000	398,143,000	238,148,000	343,897,000	189,669,000	290,852,000	254,026,000	222,559,000															37,850,000
dividends payable	10,490,000	25,845,000	24,121,000	22,545,000	22,420,000	24,692,000	24,292,000	20,255,000	19,530,000	19,384,000	19,384,000	17,832,000	16,658,000	25,162,000	22,979,000	29,722,000	29,693,000	29,689,000	28,057,000	26,071,000	24,888,000	18,970,000	11,781,000	6,339,000	93,590,000	74,841,000
investment related payable	6,000		427,000												706,000		1,000		274,000	274,000	1,454,000	274,000	966,000	31,500,000	560,807,000	99,561,000	1,271,718,000	462,060,000	222,500,000	132,096,000	559,398,000	23,562,000	109,080,000	5,191,000	122,896,000	202,051,000	72,572,000	9,232,000	17,000	87,668,000	18,782,000	167,000	54,996,000	165,634,000	30,351,000	17,008,000	12,351,000	670,149,000	532,991,000	28,842,000	201,203,000	19,340,000	305,000	63,715,000	622,731,000	126,869,000	259,468,000	107,032,000	640,766,000	910,552,000	2,476,475,000
accrued interest payable	10,738,000	28,664,000	9,114,000	10,550,000	14,273,000	32,711,000	10,686,000	20,536,000	26,986,000	15,787,000	26,751,000	40,159,000	22,381,000	20,546,000	3,766,000	1,807,000	1,143,000	1,171,000	829,000	377,000	547,000	823,000	589,000	167,000	8,679,000	43,998,000	29,831,000	55,002,000	47,100,000	37,620,000	25,624,000	18,886,000	18,238,000	17,845,000	12,255,000	14,987,000	11,206,000	21,066,000	23,915,000	17,625,000	18,339,000	21,604,000	37,296,000	36,069,000	23,800,000	29,670,000	23,080,000	25,393,000	22,934,000	26,492,000	19,554,000	23,594,000	17,189,000	15,275,000	11,809,000	11,159,000	12,084,000	12,377,000	10,780,000	9,853,000	5,389,000	2,579,000	1,601,000	1,343,000	977,000	598,000	541,000
collateral held payable	14,000		797,000	6,238,000	1,526,000		336,000		412,000	2,475,000			1,571,000	4,892,000	10,000	5,728,000	280,000	280,000		310,000	1,337,000	3,546,000	950,000		50,135,000	170,000	1,096,000	14,939,000	2,273,000	18,083,000	47,687,000	39,748,000	27,553,000	7,327,000	2,955,000	3,471,000	3,732,000	1,700,000		5,560,000		4,900,000		6,500,000	4,300,000	14,890,000	35,446,000	14,199,000	20,148,000	52,698,000	21,045,000	91,368,000
accounts payable and accrued expenses	1,789,000	1,580,000	1,623,000	1,904,000	1,418,000	1,619,000	1,607,000	1,306,000	1,305,000	1,296,000	1,838,000	1,779,000	1,917,000	1,365,000	1,839,000	1,919,000	2,083,000	1,887,000	1,986,000	1,759,000	1,967,000	1,448,000	2,198,000	2,606,000	2,539,000	1,560,000	2,477,000	3,144,000	2,384,000	1,694,000	1,620,000	1,705,000	1,712,000	2,200,000	1,788,000	1,790,000	1,821,000	1,534,000	1,477,000	2,080,000	2,027,000	2,376,000	3,910,000	3,741,000	3,248,000	2,439,000	2,567,000	2,266,000	2,717,000	4,304,000	3,885,000	2,160,000	1,109,000	877,000	657,000	1,501,000	796,000	556,000	916,000	1,645,000	1,073,000	1,065,000	931,000	1,420,000	820,000	665,000	1,373,000	2,629,000
due to affiliate	3,706,000	3,006,000	4,521,000	3,101,000	3,633,000	3,698,000	3,421,000	3,216,000	3,760,000	3,907,000	3,702,000	3,552,000	3,739,000	4,453,000	4,210,000	5,978,000	6,438,000	6,489,000	6,262,000	6,064,000	5,551,000	5,589,000	4,692,000	10,561,000	13,068,000	11,861,000	9,782,000	10,127,000	10,133,000	11,863,000	10,430,000	10,558,000	11,415,000	10,825,000	10,778,000	9,709,000	9,346,000	9,660,000	10,295,000	10,094,000	9,943,000	10,851,000	11,259,000	9,918,000	9,535,000	9,880,000	9,854,000	9,904,000	9,970,000	10,701,000	11,457,000	11,902,000	10,956,000	9,308,000	9,628,000	8,949,000	8,944,000	9,038,000	8,092,000	6,863,000	4,315,000	3,407,000	2,301,000	2,090,000	1,296,000	865,000	1,755,000	1,327,000
total liabilities	5,394,846,000	5,678,350,000	5,191,364,000	4,690,994,000	5,399,598,000	4,957,305,000	5,225,227,000	4,307,313,000	4,445,901,000	4,501,544,000	5,046,318,000	5,025,345,000	4,873,257,000	4,293,320,000	3,924,496,000	3,344,968,000	5,954,671,000	7,041,706,000	7,922,877,000	7,903,321,000	8,280,904,000	7,265,693,000	5,264,855,000	791,680,000	8,366,866,000	19,414,646,000	21,150,291,000	19,367,977,000	18,827,673,000	15,526,808,000	16,737,464,000	15,503,052,000	15,799,688,000	16,000,378,000	16,147,430,000	14,313,837,000	14,383,657,000	13,436,054,000	14,575,868,000	14,436,131,000	13,730,497,000	14,505,828,000	18,351,979,000	18,604,208,000	18,840,460,000	18,592,167,000	18,338,662,000	18,820,629,000	18,038,790,000	17,947,744,000	18,354,360,000	20,255,082,000	19,188,499,000	16,325,240,000	16,071,795,000	14,212,314,000	13,743,811,000	12,854,754,000	13,324,734,000	10,701,383,000	8,322,215,000	4,811,586,000	2,036,313,000	1,892,129,000	1,151,952,000	643,090,000	690,576,000	188,289,000
commitments and contingencies
stockholders' equity:
preferred stock, par value 0.01 per share...																																																135,356,000	135,356,000	135,356,000				135,362,000	135,359,000
7.50% fixed-to-floating series c cumulative redeemable preferred stock: 6,789,443 and 6,854,131 shares issued and outstanding, respectively	164,191,000
common stock, par value 0.01 per share...	875,000	718,000	709,000	663,000	659,000	617,000	607,000	506,000	488,000	484,000	484,000	445,000	416,000	387,000	353,000	330,000	3,299,000	3,299,000	3,117,000	2,897,000	2,464,000	2,032,000	1,814,000	1,813,000	1,650,000	1,443,000	1,427,000	1,287,000	1,282,000	1,115,000	1,116,000	1,116,000	1,116,000	1,116,000	1,116,000	1,116,000	1,116,000	1,116,000	1,116,000	1,116,000	1,116,000	1,136,000	1,195,000	1,231,000	1,231,000	1,231,000	1,231,000	1,231,000							1,154,000
additional paid in capital	4,343,365,000	4,209,977,000	4,202,575,000	4,166,345,000	4,163,897,000	4,127,807,000	4,119,347,000	4,030,745,000	4,014,580,000	4,011,138,000	4,011,005,000	3,968,567,000	3,937,487,000	3,901,562,000	3,858,418,000	3,819,670,000	3,816,544,000	3,816,406,000	3,761,347,000	3,693,917,000	3,548,230,000	3,387,552,000	3,314,008,000	3,313,801,000	3,239,602,000	2,892,652,000	2,869,650,000	2,650,329,000	2,642,050,000	2,383,532,000	2,385,218,000	2,384,902,000	2,384,626,000	2,384,356,000	2,384,157,000	2,380,243,000	2,380,053,000	2,379,863,000	2,382,847,000	2,382,689,000	2,382,542,000	2,407,372,000	2,482,742,000	2,532,555,000	2,532,353,000	2,532,130,000	2,531,914,000	2,531,739,000	2,531,545,000	2,552,464,000	2,712,790,000	2,712,605,000	2,697,177,000	2,316,290,000	2,299,950,000	2,299,809,000	2,299,661,000	2,299,543,000	2,299,309,000	1,889,173,000	1,472,642,000	1,002,809,000	514,423,000	514,400,000	334,904,000	172,385,000	172,519,000	1,000
retained earnings	-3,632,077,000	-3,578,907,000	-3,601,305,000	-3,627,392,000	-3,578,280,000	-3,572,149,000	-3,541,985,000	-3,552,964,000	-3,513,943,000	-3,518,143,000	-3,521,038,000	-3,427,630,000	-3,408,399,000	-3,407,342,000	-3,412,779,000	-3,295,198,000	-3,149,333,000	-2,882,824,000	-2,780,095,000	-2,801,324,000	-2,686,913,000	-2,644,355,000	-2,739,705,000	-2,827,494,000	-2,523,923,000	-814,483,000	-849,219,000	-862,852,000	-812,124,000	-882,087,000	-663,007,000	-551,632,000	-584,750,000	-579,334,000	-670,261,000	-673,625,000	-675,815,000	-718,303,000	-943,771,000	-1,028,354,000	-957,735,000	-755,799,000	-813,520,000	-621,191,000	-700,930,000	-612,821,000	-477,759,000	-447,542,000	-291,940,000	-155,957,000	-9,912,000	66,387,000	15,430,000	18,848,000	4,855,000							-8,173,000	771,000	633,000	-843,000	320,000	6,049,000
total stockholders’ equity	876,354,000	797,544,000	769,581,000	709,376,000	759,166,000	730,729,000	857,003,000	759,216,000	785,572,000	782,665,000	785,025,000	840,884,000	834,115,000	804,075,000	761,209,000	959,463,000	1,127,947,000	1,402,135,000	1,456,371,000	1,373,379,000	1,481,932,000	1,367,158,000	1,211,140,000	1,157,792,000	1,410,381,000	2,931,899,000	2,911,032,000	2,670,101,000	2,671,714,000	2,286,697,000	2,461,204,000	2,487,171,000	2,497,668,000	2,630,491,000	2,629,022,000	2,330,341,000	2,294,335,000	2,241,560,000	2,310,971,000	2,199,621,000	2,137,643,000	2,241,035,000	2,402,490,000	2,586,306,000	2,678,228,000	2,610,315,000
total liabilities and stockholders' equity	6,271,200,000	6,475,894,000	5,960,945,000	5,400,370,000	6,158,764,000	5,688,034,000	6,082,230,000	5,066,529,000	5,231,473,000	5,284,209,000	5,831,343,000	5,866,229,000	5,707,372,000	5,097,395,000	4,685,705,000	4,304,431,000	7,082,618,000	8,443,841,000	9,379,248,000	9,276,700,000	9,762,836,000	8,632,851,000	6,475,995,000	1,949,472,000	9,777,247,000	22,346,545,000	24,061,323,000	22,038,078,000	21,499,387,000
7.50% fixed-to-floating series c cumulative redeemable preferred stock: 6,854,131 shares and 7,206,659 shares issued and outstanding, respectively		165,756,000
accumulated other comprehensive income					789,000	173,000	361,000	648,000	535,000	698,000	883,000	2,741,000	5,904,000	10,761,000	16,510,000	22,749,000	29,469,000	37,286,000	44,034,000	49,921,000	54,827,000	58,605,000	71,699,000	106,348,000	129,728,000	288,963,000	325,850,000	318,013,000	277,182,000	220,813,000	174,553,000	89,461,000	133,352,000	261,029,000	350,686,000	337,391,000	303,765,000	293,668,000	585,563,000	558,954,000	426,504,000	303,110,000	446,857,000	388,495,000	560,358,000	404,559,000	310,837,000	355,093,000	43,183,000	-156,993,000	-315,469,000	-359,519,000	35,248,000	86,436,000	112,543,000		-169,887,000	-393,291,000	-386,187,000	-89,838,000	63,263,000	24,015,000	10,511,000	904,000	7,533,000	7,721,000	6,369,000
7.50% fixed-to-floating series c cumulative redeemable preferred stock: 6,930,487 and 7,206,659 shares issued and outstanding, respectively			167,602,000
7.50% fixed-to-floating series c cumulative redeemable preferred stock: 7,019,710 and 7,206,659 shares issued and outstanding, respectively				169,760,000
7.50% fixed-to-floating series c cumulative redeemable preferred stock: 7,116,513 and 7,206,659 shares issued and outstanding, respectively					172,101,000
in thousands except share amounts
u.s. treasury securities, at fair value										11,214,000							482,445,000																							152,701,000
7.75% fixed-to-floating series b cumulative redeemable preferred stock: no shares and 4,385,997 shares issued and outstanding, respectively
7.50% fixed-to-floating series c cumulative redeemable preferred stock: 7,206,659 shares and 7,545,439 shares issued and outstanding, respectively						174,281,000
7.75% fixed-to-floating series b cumulative redeemable preferred stock: 4,247,989 and 4,385,997 shares issued and outstanding, respectively							102,678,000	102,678,000
7.50% fixed-to-floating series c cumulative redeemable preferred stock: 7,277,523 and 7,545,439 shares issued and outstanding, respectively							175,995,000
7.50% fixed-to-floating series c cumulative redeemable preferred stock: 7,344,030 and 7,545,439 shares issued and outstanding, respectively								177,603,000
7.75% fixed-to-floating series b cumulative redeemable preferred stock: 4,292,650 and 4,385,997 shares issued and outstanding, respectively									103,758,000
7.50% fixed-to-floating series c cumulative redeemable preferred stock: 7,449,522 and 7,545,439 shares issued and outstanding, respectively									180,154,000
7.75% fixed-to-floating series b cumulative redeemable preferred stock: 4,385,997 and 4,537,634 shares issued and outstanding, respectively										106,014,000
7.50% fixed-to-floating series c cumulative redeemable preferred stock: 7,545,439 and 7,816,470 shares issued and outstanding, respectively										182,474,000
7.75% fixed-to-floating series b cumulative redeemable preferred stock: 4,465,414 and 4,537,634 shares issued and outstanding, respectively											107,934,000
7.50% fixed-to-floating series c cumulative redeemable preferred stock: 7,681,211 and 7,816,470 shares issued and outstanding, respectively											185,757,000
7.75% fixed-to-floating series b cumulative redeemable preferred stock: 4,499,846 and 4,537,634 shares issued and outstanding, respectively												108,766,000
7.50% fixed-to-floating series c cumulative redeemable preferred stock: 7,773,774 and 7,816,470 shares issued and outstanding, respectively												187,995,000
7.75% fixed-to-floating series b cumulative redeemable preferred stock: 4,537,634 shares issued and outstanding													109,679,000
7.50% fixed-to-floating series c cumulative redeemable preferred stock: 7,816,470 shares issued and outstanding													189,028,000
7.75% fixed-to-floating series b cumulative redeemable preferred stock: 4,537,634 and 6,200,000 shares issued and outstanding, respectively														109,679,000	109,679,000
7.50% fixed-to-floating series c cumulative redeemable preferred stock: 7,816,470 and 11,500,000 shares issued and outstanding, respectively														189,028,000	189,028,000
7.75% fixed-to-floating series b cumulative redeemable preferred stock: 6,156,180 and 6,200,000 shares issued and outstanding, respectively																148,801,000
7.50% fixed-to-floating series c cumulative redeemable preferred stock: 10,879,859 and 11,500,000 shares issued and outstanding, respectively																263,111,000
7.75% fixed-to-floating series b cumulative redeemable preferred stock: 6,200,000 shares issued and outstanding																	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,860,000	149,918,000
7.50% fixed-to-floating series c cumulative redeemable preferred stock: 11,500,000 shares issued and outstanding																	278,108,000	278,108,000	278,108,000	278,108,000	278,108,000	278,108,000	278,108,000	278,108,000	278,108,000	278,108,000	278,108,000	278,108,000	278,108,000	278,108,000	278,108,000	278,108,000	278,108,000	278,108,000	278,108,000
7.75% series a cumulative redeemable preferred stock: no shares and 5,600,000 shares issued and outstanding, respectively
7.75% series a cumulative redeemable preferred stock: 5,600,000 shares issued and outstanding																					135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000	135,356,000
mortgage-backed and credit risk transfer securities, at fair value																						8,172,182,000	5,981,457,000	1,584,158,000	8,044,808,000	21,771,786,000	23,599,499,000	21,536,047,000	21,127,598,000	17,396,642,000	18,336,825,000	17,583,187,000	17,622,234,000	18,190,754,000	18,259,552,000	16,083,284,000	15,921,097,000	14,981,331,000	16,074,077,000	15,625,027,000	15,134,066,000	16,065,935,000	16,814,961,000	17,195,238,000
secured loans																								740,000,000	1,350,000,000	1,650,000,000	1,650,000,000	1,650,000,000	1,650,000,000	1,650,000,000	1,650,000,000	1,650,000,000	1,650,000,000	1,650,000,000	1,650,000,000	1,650,000,000	1,650,000,000	1,650,000,000	1,650,000,000	1,650,000,000	1,650,000,000	1,650,000,000	1,675,000,000	1,550,000,000	1,550,000,000	1,250,000,000	1,250,000,000	625,000,000
liabilities and equity
dividends and distributions payable																											66,974,000	60,671,000	60,433,000	49,578,000	50,205,000	50,201,000	50,199,000	50,193,000	59,909,000	50,930,000	50,928,000	50,924,000	50,921,000	50,919,000	50,917,000	51,734,000	54,067,000	61,770,000	61,766,000	61,757,000	64,976,000	64,972,000	64,969,000	66,087,000	71,037,000	91,528,000	91,049,000	79,165,000	78,628,000	75,942,000	75,939,000	75,933,000	93,449,000	72,575,000	51,729,000	49,741,000	27,473,000	20,329,000	14,323,000	10,828,000
equity:
commercial loans, held-for-investment																														31,582,000	31,707,000	127,607,000	184,255,000	191,808,000	280,989,000	278,866,000	275,944,000	273,355,000	273,291,000	272,502,000	277,701,000	209,062,000	187,038,000	155,011,000	146,211,000	145,756,000	144,707,000
exchangeable senior notes																																		143,231,000	157,380,000	217,804,000	248,530,000	397,041,000	396,420,000	395,800,000	395,187,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000
non-controlling interest																															24,219,000	24,552,000	24,688,000	26,387,000	26,372,000	29,753,000	29,295,000	28,624,000	27,325,000	25,830,000	24,964,000	25,873,000	26,877,000	28,389,000	29,386,000	28,535,000	28,904,000	29,734,000	27,891,000	27,120,000	27,004,000	27,314,000	30,902,000	31,422,000	31,570,000	27,910,000	27,934,000	25,075,000	25,155,000	29,526,000	32,592,000	31,664,000	31,113,000	30,580,000	30,212,000	29,795,000	30,494,000
total equity																														2,286,697,000	2,485,423,000	2,511,723,000	2,522,356,000	2,656,878,000	2,655,394,000	2,360,094,000	2,323,630,000	2,270,184,000	2,338,296,000	2,225,451,000	2,162,607,000	2,266,908,000	2,429,367,000	2,614,695,000	2,707,614,000	2,638,850,000	2,680,401,000	2,605,611,000	2,447,266,000	2,403,235,000	2,551,121,000	2,583,495,000	2,915,458,000	2,589,520,000	2,585,431,000	2,149,913,000	2,151,864,000	1,917,413,000	1,923,783,000	1,825,367,000	1,562,991,000	1,050,814,000	557,078,000	546,778,000	371,976,000	210,310,000	215,520,000
total liabilities and equity																														17,813,505,000	19,222,887,000	18,014,775,000	18,322,044,000	18,657,256,000	18,802,824,000	16,673,931,000	16,707,287,000	15,706,238,000	16,914,164,000	16,661,582,000	15,893,104,000	16,772,736,000	20,781,346,000	21,218,903,000	21,548,074,000	21,231,017,000	21,019,063,000	21,426,240,000	20,486,056,000	20,350,979,000	20,905,481,000	22,838,577,000	22,103,957,000	18,914,760,000	18,657,226,000	16,362,227,000	15,895,675,000	14,772,167,000	15,248,517,000	12,526,750,000	9,885,206,000	5,862,400,000	2,593,391,000	2,438,907,000	1,523,928,000	853,400,000
accrued interest receivable																																			56,532,000	49,852,000	49,703,000	46,945,000	49,390,000	49,282,000	49,131,000	50,779,000	69,064,000	70,076,000	66,144,000	66,044,000	66,295,000	69,261,000	66,999,000	68,246,000	71,198,000	77,968,000	72,863,000	62,977,000	61,759,000	56,930,000	56,176,000	54,167,000	55,713,000	46,295,000	31,105,000	22,503,000	10,950,000	10,477,000	6,270,000	3,518,000	3,893,000	29,000
residential loans, held-for-investment																																											3,307,249,000	3,461,992,000	3,597,147,000	3,365,003,000	3,103,434,000						405,541,000
deferred securitization and financing costs																																										5,587,000	10,689,000	11,486,000	12,286,000	13,080,000	13,485,000	13,280,000	13,687,000	13,894,000	14,033,000	14,812,000	13,464,000
other investments																																										113,788,000	113,297,000	114,553,000	110,993,000	106,498,000	62,500,000	18,500,000	109,000	10,000,000	10,000,000	10,000,000	10,000,000
asset-backed securities issued by securitization trusts																																											2,859,423,000	3,006,047,000	3,133,527,000	2,929,820,000	2,745,940,000
investments in unconsolidated ventures, at fair value																																															42,281,000	44,030,000	42,123,000	44,403,000	42,276,000	36,415,000	35,456,000	35,301,000	55,654,000	52,384,000	52,187,000	68,793,000	110,907,000
total shareholders’ equity																																															2,651,497,000	2,575,877,000	2,419,375,000	2,376,115,000	2,524,117,000	2,556,181,000	2,884,556,000	2,558,098,000	2,553,861,000	2,122,003,000	2,123,930,000	1,892,338,000	1,898,628,000	1,795,841,000	1,530,399,000	1,019,150,000	525,965,000	516,198,000	341,764,000	180,515,000
residential loans, held-for-investment, net of loan loss reserve																																																2,310,686,000	2,070,493,000	1,810,262,000	1,532,389,000	1,553,006,000
commercial loans, held-for-investment, net of loan loss reserve																																																95,585,000	92,748,000	64,599,000	17,388,000	8,954,000
asset-backed securities																																																2,016,923,000	1,873,434,000	1,643,741,000
derivative liability, at fair value																																																268,600,000	259,317,000	263,204,000	316,670,000	304,289,000	420,439,000	436,440,000	471,841,000	446,569,000	380,200,000	396,780,000	388,886,000	139,129,000	32,073,000		46,265,000	31,294,000	9,197,000	3,782,000	5,513,000
common stock: par value 0.01 per share...																																																	1,231,000	1,245,000	1,352,000	1,352,000	1,345,000	1,162,000		1,154,000	1,154,000	1,154,000	1,154,000	929,000	722,000	499,000	260,000	261,000	170,000	89,000	89,000
asset-backed securities issued																																																			1,411,897,000	1,432,008,000	374,196,000
preferred stock: par value 0.01 per share...																																																			135,356,000	135,356,000	135,356,000
cash																																																								168,610,000	155,803,000	197,224,000	56,914,000	66,000	280,244,000	63,552,000	20,394,000	16,235,000	9,186,000	24,041,000	5,691,000	1,000
accumulated other comprehensive loss																																																								-175,767,000												-594,000
distributions in excess of earnings																																																								-3,193,000	-6,998,000	-15,068,000	-15,648,000	-4,423,000	-6,228,000
in thousands, except per share amounts
investments in unconsolidated limited partnerships, at fair value																																																												48,177,000	51,274,000	54,725,000	61,290,000	42,585,000	28,683,000	4,128,000
talf financing																																																															151,757,000	151,757,000	151,819,000	80,377,000	64,807,000
investment related payables																																																														372,285,000
principal paydown receivable																																																															1,138,000	21,752,000	12,287,000	2,737,000
prepaid insurance																																																															685,000	921,000	335,000	681,000	1,034,000
deferred offering costs																																																															237,000			288,000		2,414,000
payable for investment securities purchased																																																															57,016,000	7,548,000	12,357,000		1,625,000
derivative asset, at fair value																																																																	44,000
equity
receivable for unsettled securities																																																																			4,128,000
liabilities and shareholders’ equity
invesco mortgage capital inc. shareholders’ equity:
total invesco mortgage capital inc. shareholders’ equity																																																																			185,026,000
total liabilities and shareholders’ equity																																																																			906,096,000
unsettled purchased mortgage-backed securities, at fair value																																																																				183,710,000
subscription receivable																																																																				170,000,000
subscription receivable – related party																																																																				1,500,000
liabilities and shareholder’s equity
payable for unsettled securities																																																																				184,333,000
shareholder’s equity:
common stock subscribed - 8,575,000 shares at 20 per share																																																																				171,500,000
accumulated deficit during development stage																																																																				-154,000
total shareholder’s equity																																																																				170,753,000
total liabilities and shareholder’s equity																																																																				359,042,000
in thousands
revenues
operating expenses
organizational costs
net income
net income per share

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30

cash flows from operating activities
net income	-19,904,000	51,494,000	53,471,000	-23,327,000	19,641,000	3,506,000	40,720,000	-13,466,000	29,122,000	27,199,000	-68,599,000	4,078,000	21,463,000	36,461,000	-101,428,000	-109,535,000	-228,422,000	-64,647,000	57,680,000	-73,758,000	-9,275,000	122,713,000	107,966,000	-288,839,000	-1,616,192,000	117,972,000	89,003,000	18,336,000	138,790,000	-162,008,000	-54,054,000	92,277,000	53,249,000	142,316,000	63,489,000	53,220,000	94,032,000	279,343,000	136,658,000			110,208,000	-140,463,000			34,440,000	-92,397,000	-72,549,000	-81,576,000	-6,036,000	143,051,000	87,667,000	93,330,000	86,776,000	79,794,000	84,108,000	76,519,000	82,175,000	74,403,000	53,700,000	40,880,000	27,620,000	22,058,000	13,167,000	10,470,000	7,173,000
adjustments to reconcile net income to net cash from operating activities:
amortization of premiums and (discounts)	-1,190,000	-887,000	-1,379,000	-1,372,000	-2,020,000		-3,224,000	-3,556,000	-3,163,000
realized and unrealized loss on derivative instruments	8,699,000	14,509,000	38,356,000	59,547,000	104,758,000	-150,235,000	168,228,000	15,009,000	-47,874,000	190,561,000	-79,563,000	-33,187,000	99,359,000	37,021,000	-103,404,000	-168,176,000	-237,576,000	10,841,000	-39,457,000	181,712,000	-291,510,000	-60,508,000	-3,441,000	343,000	922,703,000	-176,591,000	188,959,000	352,258,000	205,969,000	292,856,000	-90,435,000	-71,680,000	-145,479,000
loss on investments	54,940,000	-22,914,000	-49,540,000	5,268,000	-82,158,000	187,714,000	-165,168,000	45,212,000	66,153,000	-165,340,000	224,897,000	99,679,000	-51,956,000	-10,762,000	260,837,000	324,876,000	504,388,000	90,442,000	16,830,000	-72,620,000	331,857,000	-34,805,000	-65,106,000	306,366,000	755,483,000	148,511,000	-202,413,000	-302,182,000	-268,382,000	-76,957,000	207,910,000	36,377,000	160,370,000		11,873,000	-11,175,000	1,853,000	23,402,000	7,155,000	-1,414,000	-11,601,000	31,302,000	2,958,000
other amortization	157,000	169,000	170,000	173,000	176,000	170,000	158,000	131,000	128,000	-767,000	-1,677,000	-3,060,000	-4,332,000	-4,696,000	-4,697,000	-4,644,000	-5,058,000	-5,477,000	-5,479,000	-5,188,000	-5,239,000	-5,852,000	-3,113,000	-4,375,000	-9,936,000	-5,851,000	-5,851,000	-5,786,000	-5,719,000	-5,852,000	-6,280,000	-6,787,000	-6,265,000
changes in operating assets and liabilities:
decrease in operating assets	1,464,000	-261,000	-3,773,000	4,016,000	-2,247,000	1,478,000	-308,000	-3,356,000	1,573,000	1,129,000	-2,685,000	604,000	-1,025,000	-3,329,000	-4,083,000	307,000	1,875,000	1,738,000	-1,796,000	882,000	-1,990,000			16,612,000	37,955,000		-2,809,000	-754,000	-10,015,000			933,000	1,334,000		-7,216,000	121,000	-2,618,000	2,706,000	-633,000	-356,000	2,249,000	8,949,000			-53,000
increase in operating liabilities	-17,481,000	17,699,000	-9,000	-3,671,000	-18,804,000	22,353,000	-9,497,000	-7,260,000	11,328,000	-11,255,000	-12,879,000	17,483,000	1,596,000	16,550,000	277,000	292,000	82,000	-26,000	1,173,000					-9,028,000	-33,431,000	14,780,000	-25,468,000	9,119,000	7,758,000			-127,000	562,000	6,188,000				-3,436,000	5,897,000			-6,207,000	2,666,000
net cash from operating activities	26,685,000	59,809,000	37,296,000	40,634,000	19,346,000	61,855,000	30,829,000	32,977,000	57,499,000	31,672,000	52,371,000	86,580,000	67,164,000	69,299,000	46,005,000	40,643,000	40,136,000	41,837,000	36,978,000	38,972,000	34,505,000	26,747,000	13,099,000	20,575,000	110,038,000	125,473,000	60,884,000	88,642,000	68,360,000	82,546,000	73,951,000	70,991,000	76,776,000	92,104,000	71,473,000	83,525,000	70,852,000	78,219,000	89,685,000	82,953,000	78,858,000	82,547,000	88,580,000	100,036,000	87,422,000	91,668,000	97,552,000	89,047,000	109,154,000	121,844,000	137,891,000	121,603,000	118,390,000	105,379,000	102,399,000	101,282,000	102,914,000	86,606,000	66,545,000	49,298,000	28,968,000	19,522,000	13,480,000	9,559,000	8,397,000
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
free cash flows	26,685,000	59,809,000	37,296,000	40,634,000	19,346,000	61,855,000	30,829,000	32,977,000	57,499,000	31,672,000	52,371,000	86,580,000	67,164,000	69,299,000	46,005,000	40,643,000	40,136,000	41,837,000	36,978,000	38,972,000	34,505,000	26,747,000	13,099,000	20,575,000	110,038,000	125,473,000	60,884,000	88,642,000	68,360,000	82,546,000	73,951,000	70,991,000	76,776,000	92,104,000	71,473,000	83,525,000	70,852,000	78,219,000	89,685,000	82,953,000	78,858,000	82,547,000	88,580,000	100,036,000	87,422,000	91,668,000	97,552,000	89,047,000	109,154,000	121,844,000	137,891,000	121,603,000	118,390,000	105,379,000	102,399,000	101,282,000	102,914,000	86,606,000	66,545,000	49,298,000	28,968,000	19,522,000	13,480,000	9,559,000	8,397,000
cash flows from investing activities
purchase of mortgage-backed securities	-228,897,000	-668,638,000	-924,607,000	-188,792,000	-884,448,000	-309,217,000	-1,288,084,000	-234,045,000	-390,380,000	-1,411,500,000	-2,128,900,000	-943,241,000	-1,449,957,000		-6,278,879,000	-6,839,627,000	-7,602,660,000																												-726,494,000	-647,948,000	-2,422,486,000	-681,827,000	-1,400,761,000	-808,368,000	-1,443,727,000	-4,671,035,000	-2,817,322,000	-2,719,225,000	-1,629,687,000	-2,005,516,000	-3,026,275,000	-3,700,942,000	-5,114,721,000	-1,905,329,000	-3,041,395,000	-195,548,000	-1,051,294,000	-775,561,000	-63,431,000
principal payments from mortgage-backed securities	214,004,000	167,128,000	130,755,000	138,681,000	95,314,000	127,522,000	108,912,000	81,809,000	71,212,000	87,605,000	116,427,000	83,426,000	61,089,000		65,759,000	96,475,000	168,316,000																												570,110,000	543,566,000	481,085,000	397,431,000	509,870,000	736,505,000	830,504,000	742,108,000	790,605,000	683,018,000	603,772,000	540,608,000	556,456,000	444,867,000
proceeds from sale of mortgage-backed securities	211,544,000	0	279,032,000	805,677,000	373,626,000	425,769,000	318,854,000	271,796,000	296,535,000	1,896,856,000	1,857,796,000	698,151,000	783,883,000		5,510,916,000	8,509,763,000	8,754,469,000																												179,998,000	618,236,000	1,501,837,000	949,905,000	1,534,238,000	2,099,558,000	421,119,000	986,334,000	1,245,809,000	555,348,000	480,145,000	570,409,000	1,934,768,000	835,649,000	302,301,000	42,466,000	43,986,000	47,088,000	94,167,000	74,849,000
settlement (termination) of swaps, tbas and futures	23,324,000		-49,189,000	-47,608,000	-101,516,000
net change in due from counterparties and collateral held payable on derivative instruments	-24,969,000	0	0	55,000	525,000					0	0	1,633,000	-49,000	3,243,000	3,248,000	34,932,000	-38,829,000	4,737,000	-9,225,000	2,496,000	-3,438,000	2,203,000	-940,000	-5,019,000	4,849,000	5,735,000
net cash from investing activities	195,006,000	-520,373,000	-564,009,000	708,013,000	-516,499,000	401,358,000	-1,031,836,000	95,937,000	37,111,000	362,982,000	-69,806,000	-133,085,000	-696,894,000	-421,638,000	-636,074,000	2,411,960,000	1,069,825,000	918,378,000	-93,484,000	282,105,000	-986,251,000	-2,101,697,000	-4,361,648,000	6,464,363,000	11,553,491,000	579,699,000	-1,154,527,000	-206,057,000	-3,543,346,000	802,277,000	-653,363,000	147,130,000	325,507,000	308,000	-2,201,991,000	185,185,000	-1,104,767,000	818,353,000	-441,036,000	-484,974,000	1,056,673,000	883,019,000	409,952,000	159,531,000	-214,759,000	-375,827,000	-709,675,000	380,736,000	315,350,000	2,078,366,000	-1,347,780,000	-3,349,128,000	-776,290,000	-1,478,373,000	-548,367,000	-877,158,000	-492,373,000	-2,484,149,000	-4,534,587,000	-1,637,409,000	-2,835,283,000	-58,147,000	-886,523,000	-646,615,000	77,762,000
cash flows from financing activities
proceeds from issuance of common stock	133,633,000	7,249,000	36,145,000	2,163,000	36,068,000	8,398,000	88,692,000	16,052,000	3,318,000	0	42,344,000	30,968,000	35,792,000	43,173,000				55,213,000	67,665,000	146,205,000	161,413,000	73,555,000	55,000	-172,000	347,299,000	22,569,000	219,628,000	7,912,000	258,966,000									0	0	0	35,000	33,000	36,000	52,000	70,000	56,000	62,000	73,000	48,000	-86,000	15,227,000	381,276,000	16,213,000	69,000	70,000	-36,000	-10,000	410,150,000	416,791,000	470,138,000	488,820,000	-150,000	179,554,000	162,582,000	-2,828,000
repurchase of preferred stock	-1,592,000	-1,876,000	-2,160,000	-2,284,000	-2,191,000	-1,713,000	-1,583,000	-3,423,000	-4,383,000	-4,443,000	-2,723,000			0	-100,517,000
proceeds from repurchase agreements	14,487,595,000	9,890,937,000	14,359,810,000	11,774,394,000	12,336,920,000	6,913,856,000	13,608,709,000	9,186,481,000	8,762,735,000	12,147,544,000	11,780,913,000	7,837,767,000	9,318,669,000	15,186,402,000	15,736,694,000	12,619,382,000	23,329,788,000	11,280,443,000	16,241,665,000	26,310,022,000	28,514,983,000	20,074,753,000	9,815,070,000	1,790,954,000	44,017,958,000	36,650,076,000	40,630,065,000	26,027,588,000	28,316,732,000	28,230,919,000	36,061,578,000	36,570,160,000	35,711,164,000	39,667,506,000	44,063,710,000	33,007,123,000	30,147,699,000	29,402,352,000	36,072,196,000	32,003,449,000	29,578,250,000	35,028,289,000	35,390,870,000	34,838,094,000	35,603,951,000	34,212,018,000	40,539,224,000	33,987,939,000	42,092,069,000	43,912,228,000	47,581,710,000	48,870,103,000	41,684,530,000	40,454,876,000	37,337,223,000	33,933,342,000	29,836,229,000	29,861,505,000	21,360,878,000	11,852,390,000	9,452,132,000	4,372,576,000	4,192,427,000	2,527,880,000	785,113,000
principal repayments of repurchase agreements	-14,767,477,000	-9,421,763,000	-13,845,610,000	-12,493,074,000	-11,876,317,000	-7,204,783,000	-12,684,299,000	-9,319,914,000	-8,827,103,000	-12,676,274,000	-11,753,295,000	-7,693,079,000	-8,738,792,000		-15,111,933,000	-15,194,272,000	-24,480,202,000						-4,555,933,000	-8,075,626,000	-55,266,696,000	-37,189,805,000	-39,632,199,000	-25,777,809,000	-25,094,829,000	-29,007,142,000	-35,385,300,000	-36,778,868,000	-35,880,828,000	-39,675,543,000	-42,088,324,000	-33,183,570,000	-29,017,053,000	-30,303,603,000	-35,780,339,000	-31,421,961,000	-30,517,139,000	-35,814,372,000	-35,653,598,000	-34,996,315,000	-35,893,498,000	-35,383,099,000	-40,668,311,000	-34,587,304,000	-42,538,005,000	-45,893,510,000	-47,548,231,000	-46,717,307,000	-40,868,412,000	-39,119,307,000	-36,802,671,000	-33,180,000,000	-29,396,489,000	-27,608,973,000	-17,551,273,000	-10,445,888,000	-6,856,442,000	-4,299,955,000	-3,477,242,000	-2,112,692,000	-854,100,000
net change in due from counterparties and collateral held payable on repurchase agreements	-766,000		-5,441,000	4,908,000	1,330,000	-336,000	336,000	-412,000	-2,063,000	2,475,000	0	-221,000	-4,671,000	4,892,000	-3,572,000	8,078,000	-979,000	-2,432,000	-795,000	6,437,000	-7,953,000	3,650,000	-2,445,000	344,300,000	-311,732,000	-28,945,000
payments of dividends	-48,594,000	-27,342,000	-25,806,000	-25,717,000	-28,033,000	-29,736,000	-25,729,000	-25,038,000	-24,969,000	-25,064,000	-23,604,000	-22,499,000	-31,024,000	-28,841,000	-35,584,000	-37,792,000	-38,083,000	-36,450,000	-34,465,000	-34,788,000	-27,365,000		-14,735,000	-27,749,000	-74,841,000
net cash from financing activities	-197,201,000	446,275,000	516,891,000	-739,610,000	467,777,000	-420,785,000	986,018,000	-145,977,000	-92,742,000	-555,762,000	43,475,000	151,338,000	579,821,000	366,755,000	523,648,000	-2,619,350,000	-1,189,480,000	-869,412,000	54,705,000	-412,062,000	1,138,197,000	2,042,436,000	4,502,077,000	-6,578,347,000	-11,588,052,000	-621,644,000	1,144,726,000	188,799,000	3,422,876,000	-857,729,000	617,681,000	-267,391,000	-371,760,000	-77,561,000	2,139,979,000	-260,518,000	928,004,000	-782,066,000	254,549,000	494,769,000	-1,137,394,000	-989,025,000	-508,877,000	-329,589,000	120,218,000	286,975,000	549,880,000	-492,024,000	-412,987,000	-2,170,892,000	1,105,128,000	3,215,589,000	753,526,000	1,395,232,000	458,775,000	734,455,000	529,769,000	2,454,391,000	4,187,864,000	1,804,803,000	2,849,473,000	42,784,000	880,092,000	622,201,000	-67,809,000
net change in cash, cash equivalents and restricted cash	24,490,000	-14,289,000	-9,822,000	9,037,000	-29,376,000	42,428,000	-14,989,000	-17,063,000	1,868,000	-161,108,000	26,040,000	104,833,000	-49,909,000	14,416,000	-66,421,000	-166,747,000	-79,519,000	90,803,000	-1,801,000	-90,985,000	186,451,000	-32,514,000	153,528,000	-93,409,000	75,477,000	83,528,000	51,083,000	71,384,000	-52,110,000	27,094,000	38,269,000	-49,270,000	30,523,000
cash, cash equivalents and restricted cash, beginning of period	166,431,000	0	0	0	210,881,000	0	0	0	198,637,000	0	0	0	278,781,000	0	0	0	577,052,000	0	0	0	392,584,000	0	0	0	289,502,000		0	0	135,617,000		0	0	89,001,000
cash, cash equivalents and restricted cash, end of period	190,921,000	-14,289,000	-9,822,000	9,037,000	181,505,000	42,428,000	-14,989,000	-17,063,000	200,505,000	-161,108,000	26,040,000	104,833,000	228,872,000	14,416,000	-66,421,000	-166,747,000	497,533,000	90,803,000	-1,801,000	-90,985,000	579,035,000	-32,514,000	153,528,000	-93,409,000	364,979,000		51,083,000	71,384,000	83,507,000		38,269,000	-49,270,000	119,524,000
supplement disclosure of cash flow information
interest paid	70,519,000	37,094,000	56,737,000	56,619,000	73,463,000	40,405,000	76,166,000	65,842,000	50,381,000	65,646,000	80,918,000	44,444,000	52,386,000	20,276,000	20,903,000	7,942,000	2,771,000	2,080,000	1,877,000	2,421,000	3,985,000	3,295,000	1,405,000	13,456,000	131,074,000	98,508,000	154,504,000	127,257,000	109,392,000	95,598,000	90,797,000	84,216,000	73,811,000	60,317,000	62,979,000	45,945,000	51,058,000	30,439,000	42,364,000	30,927,000	43,110,000	48,508,000	59,554,000	43,639,000	59,713,000	51,143,000	44,703,000	50,363,000	88,471,000	93,578,000	72,658,000	65,546,000	61,628,000	59,676,000	57,626,000	55,577,000	53,407,000	49,525,000	29,748,000	12,763,000	9,417,000	8,584,000	5,974,000	3,273,000	2,501,000
non-cash investing and financing activities information
dividends declared not paid	10,490,000	1,724,000	1,576,000	125,000	22,420,000	400,000	4,037,000	725,000	19,530,000	0	1,552,000	1,174,000	16,658,000	2,183,000	-6,743,000	29,000	29,693,000	1,632,000	1,986,000	1,183,000	24,888,000		5,442,000	-87,251,000	93,590,000
unsettled receivables recorded within investment related receivable					21,000
increase in provision for credit losses						236,000	-80,000	263,000	39,000	108,000	43,000							0	0
loss from investments in unconsolidated ventures in excess of distributions received						0	0	0	193,000	5,000	-2,000	0	-2,000	7,000	1,000	3,000	34,000	5,000	-20,000	6,000	18,000	-16,000	2,000	21,000	222,000	1,307,000	-403,000	-702,000	-692,000	72,000	1,470,000	-798,000	-352,000
loss on foreign currency translation										0	0	0	123,000
purchase of u.s. treasury securities										-10,842,000				0	0	-2,000	-502,288,000																					0	-250,849,000
distributions from investments in unconsolidated ventures						0	0	0	307,000		1,000	0	40,000		5,000	1,136,000	7,388,000		1,717,000	1,192,000	1,233,000
proceeds from sale of u.s. treasury securities						0	0	0	10,755,000																													0	401,742,000
settlement (termination) of swaps, tbas, futures and forwards						157,864,000
redemption of preferred stock																		0	0
payments of deferred costs		-133,000				-258,000			-277,000	0	-160,000	-16,000	-153,000	-1,000	-166,000	-180,000	-4,000					-6,000	65,000	-54,000	-40,000	-170,000	-89,000	-66,000	-21,000	0	0	-91,000	-76,000						0	4,000	-140,000					-966,000	-333,000	-512,000	-505,000	-125,000	-2,021,000	-13,530,000
amortization of mortgage-backed and other securities premiums and (discounts)										-9,968,000	-7,164,000	814,000	1,938,000	-1,953,000	-1,498,000	-2,480,000	4,813,000
principal payments from commercial loan held-for-investment
cash paid in lieu of fractional shares in connection with one-for-ten reverse stock split														0	0
net change in unrealized gain on mortgage-backed securities classified as available-for-sale						188,000	287,000	-113,000	163,000	-715,000	48,000	-38,000	476,000		-1,243,000	-1,825,000	-2,421,000
net change in investment related receivable							-8,363,000	8,911,000	-2,320,000	1,626,000			-723,000		375,000	-806,000	15,000
net change in foreign currency translation adjustment recorded in accumulated other comprehensive income										0	0	0	-113,000
settlement (termination) of swaps, tbas and forwards
settlement (termination) of swaps and tbas									48,682,000
distributions from (contributions to) investments in unconsolidated ventures
settlement (termination) of forwards, swaps, swaptions and tbas														-28,072,000	62,877,000	141,232,000	283,429,000		38,093,000	-155,947,000	282,250,000
offering costs not paid															-166,000	-252,000	562,000	878,000	296,000	-313,000	-334,000		23,000	172,000	-273,000		-297,000	242,000	-413,000
proceeds from the sale of u.s. treasury securities															0
settlement (termination) of forwards, swaps, and tbas											84,565,000	26,946,000	-91,900,000
realized and unrealized loss on credit derivatives																						0	0	3,865,000	37,770,000	2,091,000	5,195,000	7,738,000	-2,534,000	14,595,000	663,000	4,903,000	2,468,000
net loss on extinguishment of debt																						0	-15,849,000	-3,699,000	4,806,000					0	0	0	26,000		1,344,000	526,000	4,711,000
purchase of mortgage-backed and credit risk transfer securities																		-3,745,923,000	-2,383,219,000	-3,991,381,000	-7,012,452,000	-3,098,202,000	-5,561,600,000	-508,901,000	-4,444,744,000	-1,263,905,000	-2,335,619,000	-1,304,331,000	-4,340,536,000	-1,221,263,000	-3,782,902,000	-914,699,000	-298,859,000	-797,696,000	-2,946,559,000	-687,219,000	-1,846,444,000	-292,934,000	-1,306,340,000	-1,013,935,000	-47,716,000	-530,569,000	-405,534,000
change in other assets																						0	0	21,577,000	19,269,000	461,000	2,770,000	5,942,000	1,154,000	-9,923,000								74,498,000	-75,000,000
principal payments from mortgage-backed and credit risk transfer securities																		209,986,000	198,679,000	215,934,000	200,590,000	162,262,000	40,245,000	53,587,000	636,498,000	797,230,000	631,458,000	460,417,000	300,222,000	389,878,000	535,660,000	573,269,000	488,123,000	637,493,000	670,883,000	511,695,000	553,882,000	660,343,000	789,324,000	602,890,000	528,138,000	691,234,000	643,611,000
proceeds from sale of mortgage-backed and credit risk transfer securities																		4,458,108,000	2,060,471,000	4,209,811,000	5,545,566,000	762,944,000	1,145,592,000	6,881,676,000	16,238,252,000	924,741,000	716,749,000	935,560,000	734,834,000	1,913,742,000	2,448,339,000			0	52,924,000	391,807,000	180,809,000	374,336,000	0	-24,386,000	684,345,000	616,594,000	48,018,000
payment on the sale of credit derivatives																						0	-17,222,000
redemption of federal home loan bank of indianapolis stock																						0	37,688,000
principal repayments of secured loans																						0	-740,000,000	-610,000,000	-300,000,000
principal repayments of repurchase agreements and related fees																		-12,166,407,000	-16,219,071,000	-26,699,705,000	-27,502,795,000
net change in unrealized gain on mortgage-backed and credit risk transfer securities classified as available-for-sale
increase in agency cmbs purchase commitments																						0	0	-510,211,000	410,654,000
net change in investment related receivable (payable) excluding agency cmbs purchase commitments																		-15,000	66,000	266,000	-271,000	-62,000	-29,149,000	789,694,000	-760,217,000
change in foreign currency translation adjustment on other investments														103,000	141,000	93,000	200,000	239,000	-187,000	632,000	-609,000
dividend paid in common stock																						0	0
amortization of mortgage-backed and credit risk transfer securities premiums and (discounts)																		8,961,000	8,047,000	8,764,000	11,625,000	6,159,000	-146,000	-691,000	10,658,000	17,772,000	14,671,000	10,615,000	3,185,000	5,345,000	11,606,000	12,994,000	12,663,000	19,217,000	22,497,000	26,240,000	27,196,000	32,726,000	31,858,000	28,457,000	25,207,000	26,804,000	30,870,000
settlement (termination) of futures, forwards, swaps, swaptions and tbas
principal payments from commercial loans held-for-investment																						0	0	0	136,000	133,000	133,000	133,000	7,128,000	125,000	95,995,000	54,772,000	10,042,000					0	0			29,664,000	1,000
net change in unrealized gain on mortgage-backed and credit risk transfer securities																		-907,000	-473,000	1,155,000	981,000	-7,768,000	-31,803,000	-18,489,000	-149,648,000	-30,054,000	13,528,000	47,067,000	62,496,000	50,132,000	93,726,000	-38,040,000	-123,080,000	-84,896,000	19,096,000	74,562,000	-17,139,000	-290,508,000	32,015,000	114,920,000	112,075,000	-161,080,000	43,358,000
payments of deferred offering costs																			-294,000	-195,000	-86,000
decrease in provision for credit losses																					-938,000
decrease in operating liabilities																					-43,000															4,087,000	-7,103,000				-4,527,000				-5,392,000
proceeds from sale of credit derivatives																									2,283,000
net change in repurchase agreements, not settled																									-625,000						-81,000				-5,497,000	5,497,000	-1,416,000
loss on foreign currency transactions																														0	-61,000	2,899,000	-1,800,000		-1,486,000	-1,716,000	-513,000	2,180,000	1,339,000	3,616,000	1,125,000	1,345,000	0	-881,000	1,500,000
settlement (termination) of futures, forwards, swaps, and tbas
origination and advances of commercial loans, net of origination fees																														0	0	-979,000	-698,000	-1,045,000	-584,000	-1,156,000	-2,014,000	-2,169,000	-2,028,000	-13,175,000	-69,830,000	-52,998,000	-32,000,000	-71,021,000	-1,944,000	-50,582,000	-3,141,000	-27,478,000
repurchase of common stock																																						0	0	0	-25,000,000	-75,596,000				-2,000	1,000	-21,129,000
extinguishment of exchangeable senior notes																														0	0	0	-143,433,000	-14,615,000	-62,068,000
purchase of operating partnership units from non-controlling interest
payments of dividends and distributions																										-75,369,000	-69,067,000	-68,826,000	-57,972,000	-58,598,000	-58,597,000	-58,592,000	-58,587,000	-59,910,000	-50,930,000	-50,928,000	-50,924,000	-50,919,000	-50,921,000	-50,917,000	-51,734,000	-54,068,000	-61,769,000	-61,767,000	-61,757,000	-64,972,000	-64,971,000	-66,087,000	-71,036,000	-91,529,000	-91,049,000	-79,165,000			-75,938,000	-75,933,000	-93,447,000	-72,576,000	-51,728,000	-49,741,000	-27,473,000	-20,329,000	-14,323,000	-10,828,000
dividends and distributions declared not paid																										7,867,000	6,303,000	238,000	60,433,000	-627,000	4,000	2,000	50,199,000	-9,716,000	8,979,000	2,000	50,928,000	3,000	2,000	2,000	50,917,000	-2,333,000	-7,703,000	4,000	61,766,000	4,000	3,000	64,969,000	-4,950,000	-20,491,000	479,000	91,049,000	537,000	2,686,000	3,000	75,939,000	32,225,000	-28,867,000	20,846,000	51,729,000	22,268,000	7,144,000	6,006,000	14,323,000
increase in operating assets
(contributions to) distributions from investments in unconsolidated ventures																							-334,000	1,433,000	1,168,000		3,063,000	-1,164,000	299,000	14,000	2,184,000	455,000	-1,532,000	-2,803,000	1,842,000
settlement (termination) of futures, currency forwards and interest rate swaps																							-5,077,000	-138,000	-904,220,000		-173,607,000	-307,239,000	-232,387,000
proceeds from issuance of preferred stock																																																				-6,000	-173,000
cash, cash equivalents, and restricted cash beginning of period
cash, cash equivalents, and restricted cash end of period
increase in unsettled to-be-announced (“tba”) securities and related payable
net change in investment related receivable (payable) excluding tba securities																										25,322,000
increase in unsettled to-be-announced ("tba") securities and related payable
net change in due from counterparties and collateral held payable																												4,625,000	-14,060,000	-17,974,000	-11,185,000	10,312,000	14,853,000
net change in investment related payable																												-169,199,000	-95,250,000	-35,025,000	-81,190,000	-99,559,000	80,688,000	115,137,000	22,404,000	-337,706,000	174,217,000	-1,991,000	-88,739,000
payments on sale of credit derivatives																																						0	0	-5,097,000	-920,000	1,044,000	284,000
due from counterparties - secured loans
proceeds from secured loans																																						0	0	0	125,000,000	225,000,000	1,500,000,000	0	600,000,000
change in due from counterparties and collateral held payable
proceeds from/ (payments for) settlement or termination of forwards, swaps, futures and tbas
proceeds from issuance of preferred stock, net of issuance cost
proceeds from/ (payments for) settlement or termination of forwards, swaps and futures																																36,274,000	113,578,000
purchase of exchange-traded fund																																			0	0	-3,508,000
amortization of residential loans and asset-backed securities premiums (discounts)
amortization of commercial loan origination fees																																		-103,000	-70,000	-82,000	-82,000	-83,000	-80,000	-80,000	-59,000	-40,000	-29,000	-16,000	-6,000			-1,000	-5,000	-12,000
reduction in benefit from loan losses
unrealized (gain) loss on derivative instruments
unrealized (gain) loss on credit derivatives
(gain) loss on investments
realized (gain) loss on derivative instruments
realized (gain) loss on credit derivatives
equity in (earnings) losses of unconsolidated ventures
amortization of equity-based compensation																																		123,000	162,000	147,000	116,000	15,000	160,000	148,000	117,000	135,000	115,000	152,000	155,000	121,000	133,000	124,000	41,000	90,000	87,000	99,000	79,000	101,000	79,000	77,000	54,000	45,000	63,000	30,000	44,000	24,000	40,000	21,000	19,000
amortization of deferred securitization and financing costs																																		233,000	300,000	384,000	528,000	621,000	620,000	613,000	614,000	755,000	797,000	800,000	794,000	761,000	740,000	719,000	799,000	790,000	729,000	128,000
amortization of net deferred (gain) loss on de-designated interest rate swaps
net income on extinguishment of debt
(gain) loss on foreign currency transactions
payment of premiums for interest rate swaptions																																										-1,000	0	0	-1,485,000	-2,590,000	-3,050,000	-4,688,000			-48,051,000	-1,395,000
purchase of residential loans held-for-investment																																										0	0	0	-372,305,000
principal payments from residential loans held-for-investment																																										124,921,000	152,944,000	133,490,000	138,210,000
proceeds from (cost of) issuance of preferred stock
due from counterparties																																		930,000	-304,000			168,404,000	19,173,000	-41,366,000	-116,766,000	64,732,000	-108,536,000	13,600,000	-23,626,000	191,000	-23,811,000	-3,379,000	6,682,000
change in collateral held payable																																		4,372,000	-516,000	-261,000	2,032,000		-5,560,000
proceeds from asset-backed securities																																															176,602,000	245,864,000
principal repayments of asset-backed securities																																															-29,109,000	-19,258,000	-13,944,000
net change in cash and cash equivalents																																		14,851,000	9,461,000	8,192,000	-105,911,000	114,506,000	-96,802,000	92,748,000	-1,863,000	-23,459,000	-10,345,000	-70,022,000	-7,119,000	2,816,000	-62,243,000	-22,241,000
cash and cash equivalents, beginning of period																																		0	0	0	161,788,000	0	0	0	53,199,000	0	0	0	164,144,000	0	0	210,612,000					0
cash and cash equivalents, end of period																																		14,851,000	9,461,000	8,192,000	55,877,000	114,506,000	-96,802,000	92,748,000	51,336,000	-23,459,000	-10,345,000	-70,022,000	157,025,000	2,816,000	-62,243,000	188,371,000	11,517,000	29,318,000	-104,761,000	274,538,000	95,626,000
repurchase agreements, not settled																																										0	-1,000	0	-49,000				0	0
change in due from counterparties																																		0	0	0	86,450,000	-13,693,000
unrealized loss on derivative instruments																																			95,000	-6,682,000	-13,438,000	-250,774,000	-60,419,000	44,794,000	166,467,000	-114,143,000	170,738,000	-117,226,000	51,034,000
unrealized loss on credit derivatives																																			8,803,000	-15,559,000	-14,148,000	2,375,000	-25,963,000	-16,213,000	-3,016,000	12,546,000	3,944,000
realized loss on derivative instruments																																			-19,503,000	40,229,000	-14,918,000	-4,279,000	-1,347,000	20,584,000	42,985,000	-122,000	3,079,000	15,212,000	26,103,000
realized loss on credit derivatives																																						0	0	5,097,000	920,000	-1,044,000	-284,000
equity in losses of unconsolidated ventures																																			-408,000	154,000	1,534,000
amortization of net deferred loss on de-designated interest rate swaps
sale of exchange-traded fund																																			0
payments on sales of credit derivatives
proceeds from/ (payments for) settlement or termination of forwards, swaps and swaptions																																			19,503,000	-40,229,000	14,918,000
amortization of net deferred losses on de-designated interest rate swaps																																				-6,369,000	-6,298,000	-6,177,000
(contributions to) distributions from investment in unconsolidated ventures																																					-2,410,000
principal repayments of exchangeable senior notes																																					-153,750,000
swap terminated, not settled																																									4,272,000
amortization of residential loans and asset-backed securities premiums
reduction in provision for loan losses
equity in earnings of unconsolidated ventures																																						-400,000	-729,000	-202,000	-1,061,000	-3,499,000	-1,894,000	-1,231,000	-6,006,000
non-cash interest income capitalized in commercial loans
(contributions) distributions (from) to investments in unconsolidated ventures
payments for termination of futures, forwards, swaps, swaptions and tbas
collateral held payable																																									-4,900,000	4,900,000	-6,500,000	2,200,000	-10,590,000	18,934,000	-4,474,000	-28,231,000	25,859,000	-70,323,000
principal repayments on secured loans																																						0	0	0	-125,000,000	-250,000,000	-1,375,000,000	0	-300,000,000	-625,000,000
collateral held payable, not settled																																														2,313,000	-1,475,000	-4,319,000
amortization of residential loans and asset-backed securities premiums (discount)																																											-385,000	-291,000	37,000
(contributions) distributions (from) to investment in unconsolidated ventures																																							769,000	6,979,000	-116,000				8,761,000
payments for termination of futures, forwards, swaps and tbas
cost of issuance of preferred stock																																											-22,000	1,000	-15,000
proceeds from asset-backed securities issued by securitization trusts																																										0	0	0	336,077,000
principal repayments of asset-backed securities issued by securitization trusts																																										-117,943,000	-144,359,000	-125,454,000	-130,394,000
amortization of net deferred losses on de-designated interest rate swaps to repurchase agreements interest expense																																								3,238,000	12,924,000
proceeds (for) from termination of futures, forwards, swaps, swaptions and tbas																																								-24,855,000	-37,228,000
net change in due from counterparties																																								8,235,000	-7,109,000	0	-1,098,000	3,508,000	-985,000
net loss																																									-153,486,000				-27,296,000
adjustments to reconcile net loss to net cash from operating activities:
(receivable) / payable for mortgage-backed and credit risk transfer securities																																									131,413,000
(reduction in) provision for loan losses																																										0	-81,000	-70,000	-62,000
change in other investments																																										0	-5,625,000	0	-7,250,000
proceeds from issuance of exchangeable senior notes																																																	0	0	0	400,000,000
(receivable) / payable for mortgage-backed and credit risk transfer securities sold / purchased
reclassification of amortization of net deferred losses on de-designated interest rate swaps to repurchase agreements interest expense																																											15,724,000	16,313,000	19,145,000
distributions from investment in unconsolidated ventures																																											8,742,000				1,987,000	2,721,000			2,511,000	122,000			-731,000	17,615,000
payments for termination of futures/currency forward contracts, swaps, swaptions and tbas																																											-489,000
amortization of mortgage-backed securities premiums and (discounts)																																													29,549,000
unrealized loss on credit default swap																																													62,000	78,000	60,000	47,000	122,000	175,000	345,000	223,000			70,000	168,000
loss on sale of mortgage-backed securities																																													-2,142,000	47,952,000	20,766,000	11,718,000	142,530,000
payments for termination of futures/currency forward contracts and tbas																																													-2,360,000
net change in unrealized gain on mortgage-backed securities																																													138,456,000
(receivable) / payable for mortgage-backed securities sold / purchased																																													4,265,000		38,511,000	710,958,000	-673,225,000	1,072,032,000
interest rate swaps terminated, not settled																																													19,055,000
provision for loan losses																																														-209,000	-50,000	207,000	133,000	88,000
loss on derivative instruments
equity in earnings and fair value change in unconsolidated ventures																																														-1,145,000	-3,894,000	-441,000	-176,000	-1,422,000	-2,157,000	-1,590,000	-938,000	-3,261,000	-1,961,000	-1,009,000
amortization of deferred swap losses from de-designation																																														21,227,000	21,532,000	21,296,000
(contributions) distributions from investment in unconsolidated ventures
proceeds from termination of interest rate swaptions																																																	0	66,683,000
payments for termination of futures contracts and tbas
proceeds (costs) of issuance of preferred stock
net change in unrealized gain on mortgage-backed securities and hedged derivatives																																														-65,994,000	293,988,000	181,185,000
payable for mortgage-backed securities sold / purchased
amortization of mortgage-backed securities premiums and discounts																																															34,593,000	32,390,000	35,009,000	47,733,000	51,206,000	46,173,000	44,902,000	38,808,000	30,512,000	25,402,000	24,915,000	14,046,000	5,976,000	5,173,000				-1,925,000	-1,155,000
amortization of residential loan and asset-backed securities premiums																																															454,000	824,000	877,000
origination fee received net of cost paid
unrealized loss on interest rate derivative instruments																																															100,574,000	81,047,000	-7,887,000
loss on interest rate derivative instruments																																															15,037,000	18,824,000
non cash interest income capitalized in commercial loans																																															-98,000	-670,000
decrease in accrued interest receivable																																															-2,164,000	1,247,000
decrease in other assets																																															322,000	142,000				14,000				150,000	237,000	251,000	-655,000	-121,000		-22,000
increase in accrued interest payable																																															2,459,000	-3,558,000	6,938,000	-4,040,000	6,405,000	1,914,000	3,466,000	650,000	-925,000	-293,000	1,597,000	927,000	4,464,000	2,810,000	978,000	258,000	366,000	379,000	57,000
increase in due to affiliate																																															-66,000	-731,000	-757,000	-270,000	975,000	1,444,000	-122,000	480,000	5,000	-57,000	910,000	1,407,000	2,370,000	908,000	1,157,000	352,000	504,000	529,000	-5,000	434,000
increase in accounts payable and accrued expenses																																															-450,000	-1,588,000	429,000	1,848,000	1,091,000	122,000	273,000	-923,000	706,000	281,000	-134,000	-741,000	635,000	-102,000	-69,000	-515,000	761,000	324,000	-176,000	-2,133,000
change on investment in other assets																																															-18,391,000	9,891,000
payments for termination of futures contracts and tba
purchase of residential loans																																															-274,342,000	-283,421,000	-294,855,000	1,000	-1,157,557,000	-405,262,000
principal payments from residential loans																																															33,262,000	21,951,000	15,405,000	19,828,000
principal payments from commercial loans
proceeds from issuance of secured loans
payments for termination of futures contracts																																																-3,749,000
net change in unconsolidated ventures																																																				1,313,000
loss on termination of interest rate swaptions
origination of commercial loans, net of origination fees																																																	-46,596,000	-8,125,000
(cost) proceeds (of) from issuance of preferred stock																																																	0
net change in unrealized gain on mortgage-backed securities and derivatives																																																	160,208,000	44,515,000	-398,923,000	-51,745,000	-26,428,000
origination fee received																																																		0
gain on termination of interest rate swaptions																																																		-39,075,000
increase in accrued interest receivable																																																		6,473,000	-5,125,000	-9,886,000	-1,218,000
increase in other assets																																																		264,000				248,000										480,000	-428,000	1,134,000
payment of premiums for interest rate derivative instruments
proceeds from issuance of asset-backed securities
net change in cash																																																		29,318,000	-104,761,000	-11,936,000	95,626,000	22,238,000	12,807,000	-41,421,000	140,310,000	56,848,000	-280,178,000	216,692,000		4,159,000	7,049,000	-14,855,000
cash, beginning of period																																																		0	0	286,474,000			0	197,224,000	0	0	0	63,552,000	0	0	0	24,041,000	0	0
amortization of residential loan and asset-backed-securities premiums
unrealized loss on interest swap and swaptions																																																			-26,155,000	2,003,000
gain on sale of mortgage-backed securities																																																			-5,692,000	-6,712,000	-23,237,000	-12,835,000	-6,098,000	-6,045,000	-2,517,000	-3,637,000	-3,605,000	-1,200,000	-2,392,000	311,000	-642,000	-733,000
restricted cash																																																					17,324,000	-1,000	91,000	57,082,000	183,486,000	-117,671,000	8,208,000	-35,152,000				-16,182,000	-5,274,000
proceeds from issuance of asset-backed-securities																																																			1,066,537,000	374,218,000
principal repayments of asset-backed-securities
net change in restricted cash																																																						1,224,000	1,281,000	1,346,000	-3,395,000	-2,879,000	0	-5,949,000
amortization of residential loan premiums																																																				4,000
investment related receivable																																																								-274,000
payable for mortgage-backed securities purchased																																																				-55,149,000	793,645,000	-502,805,000	109,615,000	-279,399,000	-227,415,000	195,006,000
adjustments to reconcile net income to net cash from operating activities
unrealized loss on interest rate swap and swaptions																																																					1,381,000	808,000
unrealized gain on credit default swap																																																					226,000				241,000	105,000	-240,000	-1,445,000
loss on other-than-temporarily impaired securities																																																													0	124,000	262,000	124,000
changes in operating assets and liabilities
(contributions) distributions to investment in unconsolidated ventures
payment of premiums for interest rate swaption																																																					-6,673,000	0
investment related payable																																																											4,988,000	13,056,000
proceeds from talf financing																																																													1,000	0	0	71,525,000	15,570,000
principal payments of talf financing																																																													-151,757,000	-1,000	-61,000	-84,000	0
payments of common and preferred stock dividends and common unit distributions
(contributions) distributions (to) from investment in unconsolidated ventures
payments of common stock dividends and common unit distributions
increase in accrued interest																																																							-754,000	-2,009,000		-9,418,000	-15,190,000	-8,602,000	-11,553,000	-473,000	-4,207,000	-2,752,000	375,000
cash, end of period																																																							12,807,000	155,803,000	140,310,000	56,848,000	-280,178,000	280,244,000	43,158,000	4,159,000	7,049,000	9,186,000	18,350,000	5,690,000
net change in unrealized gain on available-for-sale securities and derivatives																																																							-5,953,000	226,163,000	-7,192,000	-300,671,000	-156,192,000	40,149,000	13,970,000	10,132,000	-6,518,000	220,000	1,569,000
unrealized loss on interest swap																																																								509,000	109,000	453,000
contributions to investment in unconsolidated ventures
proceeds from private placement of op unit
equity in earnings and fair value change in unconsolidated limited partnerships																																																										993,000	-1,873,000	-1,858,000	-2,388,000	-3,793,000	-1,649,000	-446,000
contributions to investment in ppip
net change in investment in ppip																																																										0	-4,900,000	3,469,000	746,000	156,000	-12,111,000	12,339,000
(contributions) distributions (to) from investment in ppip
unrealized loss on interest rate swap																																																												5,000
(contributions) distributions in investment in ppip																																																												1,839,000
principal payments of mortgage-backed securities																																																												223,615,000	154,687,000	105,069,000	94,967,000	65,868,000	44,979,000
investment in ppip																																																													7,439,000	-14,756,000	-24,363,000	-11,771,000
proceeds from private placement of op units																																																																	0
investment related payables
net increase in cash
amortization of premiums and discounts, net – mortgage-backed securities																																																														-4,404,000
unrealized loss on derivatives																																																														9,000	10,000	25,000
increase in prepaid insurance																																																														235,000
increase in deferred offering costs
increase in restricted cash																																																														-9,357,000
purchase of mortgage-backed securities, unsettled																																																																		186,836,000
obligation to brokers incurred for purchase of mortgage-backed securities																																																																		-186,836,000
decrease in deferred offering costs																																																															126,000	20,000
common stock subscribed – 8,575,000 shares at 20 per share
subscription receivable – 8,500,000 shares at 20 per share
subscription receivable, related party – 75,000 shares at 20 per share
decrease in prepaid insurance																																																																346,000
decrease (increase) in deferred offering costs
supplemental disclosure of non-cash investing and financing activities information:
common stock subscribed - 8,575,000 shares at 20 per share
subscription receivable - 8,500,000 shares at 20 per share
subscription receivable, related party - 75,000 shares at 20 per share

Invesco Mortgage Capital Inc(NYSE:IVR)

Invesco Mortgage Capital Inc
(NYSE:IVR)