Atrium’s Interest payment collections have been in line with historical rates through the pandemic. After a quiet Q2, the company ramped up lending in Q3; net mortgages outstanding increased 2.8% QoQ; management expects Q4 to be much stronger and lend approximately $100M in the quarter vs $48M in Q3 and $16M in Q2.
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Q2-2020 results beat our expectations as COVID-19 had minimal impact on Atrium Mortgage Investment Corporation’s portfolio in the quarter. As of July 28, 2020, AI had collected 96% of the mortgage interest due in July, in line with historical collection rates.
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Highlights In April 2020, Atrium Mortgage Investment Corporation (“AI”, “company”) collected 98%...
Read MoreKey Highlights In 2019, Atrium Mortgage Investment Corporation (“Atrium”, “company”) reported a 14% YoY increase in both revenue and net income. Subsequent to the year-end, the company announced a special dividend of $0.06 per...
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Key Highlights Revenues grew 8% YoY to $17 million in Q3-2019. Net income in Q3-2019 increased 12%...
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