Atrium Mortgage Investment Corporation
2024 Kicks Off with Record Revenue and Reduced Risk Profile
Published: 5/16/2024
Author: FRC Analysts

Sector: Financial Services | Industry: Mortgage Finance
Ticker Symbols:
AI.TO - TSX 🔹
AMIVF - NASDAQ 🔹
- In Q1-2024, AI recorded its highest-ever Q1 revenue (up 6% YoY), amid higher lending rates, but missed our estimate by 1%.
- EPS was down 18% YoY, driven by higher loan loss provisions, but aligned with our estimate. Annual regular dividends remained unchanged at $0.90/share.
- We believe the portfolio’s risk profile has decreased due to lower stage three mortgages, and higher first mortgages.
- Atrium maintains its status as th