The earnings call highlighted strong financial performance with a record-setting mortgage portfolio, increased dividends, and successful equity offerings. However, it also pointed out challenges like decreased mortgage rates, slow real estate market activity, and economic challenges in Canada, including changes in immigration policy that could impact future growth.

Company Guidance

During the Q3 2024 earnings call for Atrium Mortgage Investment Corporation, the company reported a solid financial performance with an earnings per share (EPS) of $0.26 for the quarter and $0.79 year-to-date, marking the second-best nine-month performance in its history. The mortgage portfolio reached a record $926.3 million, up from $907.8 million in Q2. Atrium announced a 3.3% increase in its annual dividend rate to $0.93 per share, reflecting its strong results and improving credit risk profile. The average mortgage rate decreased from 10.93% to 10.52%, influenced by two 25-basis-point rate cuts by the Bank of Canada. Atrium maintained a low leverage balance sheet, with shareholder capital representing 54.6% of total funding sources. The company also highlighted significant progress in resolving loans in default, with the percentage of Stage 2 and 3 loans decreasing from 17.8% at the beginning of the year to 14.0% in Q3. Additionally, Atrium completed an oversubscribed share offering, raising $28.8 million to enhance funding capacity and liquidity.

Record Mortgage Portfolio

Atrium's mortgage portfolio reached a record $926.3 million, up from $907.8 million in Q2 and $893.6 million at the beginning of the year.

Dividend Increase

A 3.3% increase in monthly dividends was reported, beginning next month, to an annualized rate of $0.93 per common share.

Successful Equity Offering

Atrium completed an oversubscribed bought deal share offering with total gross proceeds of $28.8 million.

Strong Earnings Per Share

Atrium generated basic earnings per share in Q3 of $0.26, with year-to-date earnings per share of $0.79, the second best in their 12-year history.

Decrease in Loan Loss Provisions

Loan loss provisions decreased from $4.4 million last quarter to $3.5 million in Q3, showing improvement in credit risk.

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Atrium Mortgage Invest (TSE:AI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:AI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 26, 2018	2018 (Q2)	- / 0.24	0.23	4.35% (<+0.01)	―	―
Oct 25, 2018	2018 (Q3)	- / 0.24	0.23	4.35% (<+0.01)	―	―
Feb 13, 2019	2018 (Q4)	- / 0.23	0.24	-4.17% (>-0.01)	―	―
May 07, 2019	2019 (Q1)	- / 0.24	0.24	0.00% (0.00)	―	―
Aug 01, 2019	2019 (Q2)	- / 0.24	0.24	0.00% (0.00)	―	―
Oct 31, 2019	2019 (Q3)	- / 0.25	0.24	4.17% (+0.01)	―	―
Feb 13, 2020	2019 (Q4)	- / 0.23	0.23	0.00% (0.00)	―	―
May 06, 2020	2020 (Q1)	- / 0.23	0.24	-4.17% (>-0.01)	―	―
Jul 29, 2020	2020 (Q2)	- / 0.23	0.24	-4.17% (>-0.01)	―	―
Oct 29, 2020	2020 (Q3)	- / 0.22	0.25	-12.00% (-0.03)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TSE:AI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 13, 2024	C$10.95	C$11.12	+1.55%
Aug 08, 2024	C$10.71	C$10.83	+1.12%
May 14, 2024	C$10.61	C$10.52	-0.85%
Feb 15, 2024	C$10.57	C$10.56	-0.09%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does Atrium Mortgage Invest (TSE:AI) report earnings?

Atrium Mortgage Invest (TSE:AI) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.

What is Atrium Mortgage Invest (TSE:AI) earnings time?

Atrium Mortgage Invest (TSE:AI) earnings time is at Feb 13, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:AI EPS forecast?

TSE:AI EPS forecast for the fiscal quarter 2024 (Q4) is 0.23.

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