Atrium Mortgage delivers stable earnings, fully covering its attractive monthly dividend, with prudent loan loss provisions and a strong balance sheet. The mortgage portfolio remains high quality, with most loans performing and adequate coverage for weaker credits, supporting ongoing income stability. Atrium's new 6% convertible debenture issue extends financing duration and offers an appealing yield, enhancing capital structure flexibility.
Atrium Mortgage Investment Corporation (OTCPK:AMIVF) Q1 2025 Earnings Conference Call May 14, 2025 4:30 PM ET Company Participants Robert Goodall - CEO Razvan Vulcu - Interim CFO Conference Call Participants Sid Rajeev - Fundamental Research Corp Graham Ryding - TD Securities Operator Ladies and gentlemen, please standby. Your conference is about to begin.
Atrium Mortgage's loan book is robust, with 97% first mortgages and over 90% having an LTV ratio below 75%, mainly in the Greater Toronto Area. Despite high loan loss provisions, Atrium reported strong earnings, with a net income of C$11.6M and a quarterly income of C$0.26 per share. The company successfully resolved most high-risk loans, reducing the percentage of Stage 2 and 3 loans from 14% to under 6% by mid-December.
Atrium Mortgage Investment Corporation (OTCPK:AMIVF) Q3 2024 Results Conference Call November 14, 2024 4:00 PM ET Company Participants Robert Goodall - CEO John Ahmad - CFO Conference Call Participants Sid Rajeev - Fundamental Research Corp Graham Ryding - TD Securities Operator Welcome to the Atrium Mortgage Investment Corporation's Third Quarter Results Conference Call. At this time, all lines are in a listen-only mode.
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