Invesco Mortgage Capital announces board leadership changes

ATLANTA - Invesco Mortgage Capital Inc. (NYSE:IVR), a mortgage REIT with a market capitalization of $483 million, announced Wednesday that Board Chair John Day will retire effective December 31, 2025, after serving as a board member since the company’s formation in 2009. According to InvestingPro data, the company maintains a FAIR financial health score, reflecting its stable operational foundation.

Don Liu, current Chair of the Nomination and Corporate Governance Committee, will succeed Day as Board Chair beginning November 4, 2025. Liu has served on the board since 2022.

The mortgage REIT also disclosed multiple leadership transitions. Wes McMullan will replace Liu as Chair of the Nomination and Corporate Governance Committee effective November 4, 2025.

Carolyn Handlon, Chair of the Audit Committee, will not seek re-election at the 2026 annual meeting. Robert Fleshman will assume her role effective January 1, 2026. The board plans to search for a new independent director before the 2026 annual meeting.

Additionally, executive director Carolyn Gibbs will retire from both Invesco Ltd. and the IVR board effective March 31, 2026, after nearly 33 years with Invesco. The board intends to elect a new executive director before her departure.

"We are grateful for John Day’s leadership and dedication to Invesco Mortgage Capital for over 16 years," said John Anzalone, Chief Executive Officer, in the company’s press release statement. The company has maintained consistent dividend payments for 17 consecutive years, currently offering an 18.6% dividend yield to shareholders.

Invesco Mortgage Capital is a real estate investment trust focused on mortgage-backed securities and mortgage-related assets. The company is externally managed by Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE:IVZ). Trading at 0.89 times book value and showing potential upside according to InvestingPro’s Fair Value analysis, the company presents interesting opportunities for investors seeking exposure to the mortgage REIT sector. Get detailed insights and additional analysis in the comprehensive Pro Research Report, available with an InvestingPro subscription.

In other recent news, Invesco Mortgage Capital Inc. announced its financial results for the second quarter of 2025, which showed a significant shortfall in both earnings and revenue. The company reported an earnings per share (EPS) of -$0.40, a stark contrast to the anticipated $0.57, resulting in a negative surprise of 170.18%. Revenue also fell short, recording $17.73 million compared to the expected $45.36 million, marking a 60.91% miss. In a separate development, Invesco Mortgage Capital declared a quarterly cash dividend of $0.34 per share for the third quarter of 2025. This dividend is scheduled to be paid on October 24, 2025, to shareholders of record as of October 6, 2025. Despite the earnings miss, the company’s stock remained relatively stable. These recent developments provide investors with critical insights into the company’s financial performance and shareholder returns.

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