Atrium Mortgage Investment Corporation
FRC CoverageAtrium Mortgage Investment Corporation
FRC CoverageYour view on AI.TO
Overview
What the company does, where it operates, and who runs it.
*Atrium Mortgage Investment Corporation has paid FRC a fee for research coverage and distribution of reports.
About Atrium Mortgage Investment Corporation
- Industry
- Financial - Mortgages
- Sector
- Financial Services
- CEO
- Robert G. Goodall MBA
- Headquarters
- 18 King Street East Suite 1010, Toronto, ON, CA
- Industry
- Financial - Mortgages
- Sector
- Financial Services
- CEO
- Robert G. Goodall MBA
- Headquarters
- 18 King Street East Suite 1010, Toronto, ON, CA
Atrium Mortgage Investment Corporation provides financing solutions to the commercial real estate and development communities in Canada. It offers various types of mortgage loans, such as land and development financing, construction and mezzanine financing, commercial term and bridge financing services, and residential mortgages.
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Research Reports
FRC analyst coverage and recommendations.
Research Reports
10 reports*Atrium Mortgage Investment Corporation has paid FRC a fee for research coverage and distribution of reports.
Management’s Robust Q4 Outlook Stands Out Amid Sector Headwinds
Q3 loan advances declined 17% YoY, improving from a 40% decline in H1. Net mortgages outstanding increased 1% QoQ to $843M.
Poised to Close the Valuation Gap
Atrium Mortgage Investment Corporation's Q2 revenue fell 12% YoY, but a stable rate environment may support growth and improve valuations.
Soft Lending Activity / Sector Tailwinds Outweigh Headwinds
Atrium Mortgage Investment Corporation projects a dividend of $0.98/share for 2026, reflecting a stable rate environment and strategic portfolio shifts.
Past Reports
Historical coverage archive.
The Highest-Yielding Publicly Traded MIC BUY Current Price: C$10.29 Fair Value: C$13.34 Risk: 3 Sector / Industry: Mortgage Investment Corporations
The Highest-Yielding Publicly Traded MIC
Yield Surpasses 10% for the First Time
Continues to Shatter Records
Shatters Records in Q4/Well-Positioned for a Slow Down
Analyst Notes
Ongoing commentary and updates from FRC analysts.
*Atrium Mortgage Investment Corporation has paid FRC a fee for research coverage and distribution of reports.
Company announcement
Announces a $30M convertible debenture financing
We believe this financing is indicative of robust funding prospects for AI. Although mortgage delinquencies remain a concern for lenders, we believe the risk is easing amid falling mortgage rates. We anticipate a rebound in pre-sales, and reduced financing costs for developers, and increased transaction volumes for real estate lenders in the coming quarters.
Media
Infographics, videos, and posts covering the company.
YouTube
2 postsX (Twitter)
5 posts
Caption: “Disseminated on behalf of Atrium Mortgage Investment Corporation (TSX: AI).✨ Stocks in Real Life Series: A CEO’s take on Canada’s real estate market. Follow us for more CEO insights! #AtriumMIC #AtriumMortgage #RealEstateMarket #RealEstateInvesting Show more
*Disseminated on behalf of Atrium Mortgage Investment Corp. (TSX: AI) 🏠 2025 results came in ahead of our estimates, with stronger-than-expected revenue, EPS, and dividend. Lower interest rates are easing credit conditions, reducing default risk, and supporting rising mortgage Show more
*Disseminated on behalf of Atrium Mortgage Investment Corporation (TSX: AI) 🔎🏠 Weak Q1 lending activity pressured revenue and mortgage volumes, but lower loan loss provisions supported earnings. We believe stable rates and easing credit conditions should drive a gradual Show more
*Disseminated on behalf of Atrium Mortgage Investment Corp. (TSX: AI) 🔎 Q2 results missed expectations, but we see improving fundamentals beneath the headline numbers. We anticipate a recovery in MIC stocks as loan growth recovers and credit risks continue to ease. 💻 Access Show more
Stock Data
Price chart, volume, and trading data.
FRC Analyst Fair Value
FRC's analysts' fair value estimate and rating, from their research on the company.
About this section
FRC's fair value estimate for Atrium Mortgage Investment Corporation, and the rating behind it. AI.TO last traded at C$11.31, 11.8× trailing earnings — the estimate is read against that market price. Set by FRC's analysts in their research on the company: the current estimate, the rating, and when it was last revised. Included with a free account.
Financial Ratios
Profitability, returns, valuation, and leverage ratios.
About this section
Valuation, profitability, liquidity and leverage ratios for Atrium Mortgage Investment Corporation. Starting points for Atrium Mortgage Investment Corporation: P/E 11.8, EPS C$0.96, beta 0.82 — an Financial - Mortgages name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.
Dividend Analysis
Yield, payout ratio, and dividend coverage metrics.
About this section
Dividend history, yield and payout sustainability for Atrium Mortgage Investment Corporation. Atrium Mortgage Investment Corporation paid C$1.03 per share over the last year — a 9.1% yield at the current C$11.31 price. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.
Earnings Analysis
EPS history, beat rate, and upcoming earnings reports.
About this section
Reported vs. expected earnings history for Atrium Mortgage Investment Corporation. Trailing twelve-month EPS for Atrium Mortgage Investment Corporation stands at C$0.96. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.
Wall Street Analyst Estimates
Analysts' price targets, ratings, and revenue and EPS estimates.
Price targets, ratings and estimates published by outside analysts. Not FRC research, not a recommendation, and not the FRC Fair Value: that is FRC's proprietary model, built on the cash a company generates.
Earnings Estimate
| EPS | Current QtrMar 2019 | Next QtrJun 2019 | Current YearFY Dec 2026 | Next YearFY Dec 2027 |
|---|---|---|---|---|
| Avg. estimate | CAD 0.25 | CAD 0.25 | CAD 0.95 | CAD 0.99 |
| Low estimate | CAD 0.25 | CAD 0.25 | CAD 0.94 | CAD 0.93 |
| High estimate | CAD 0.25 | CAD 0.25 | CAD 0.96 | CAD 1.02 |
| No. of analysts | 3 | 2 | 4 | 4 |
| Year-ago EPS | — | — | CAD 1.03 | — |
| Growth | — | — | -8.0% | — |
Revenue Estimate
| Revenue | Current QtrMar 2019 | Next QtrJun 2019 | Current YearFY Dec 2026 | Next YearFY Dec 2027 |
|---|---|---|---|---|
| Avg. estimate | CAD 15.60M | CAD 15.90M | CAD 76.79M | CAD 80.41M |
| Low estimate | CAD 15.60M | CAD 15.90M | CAD 76.59M | CAD 76.63M |
| High estimate | CAD 15.60M | CAD 15.90M | CAD 76.91M | CAD 83.19M |
| No. of analysts | 2 | 1 | 3 | 3 |
| Year-ago revenue | — | — | CAD 85.14M | — |
| Growth | — | — | -9.8% | — |
Source: Wall Street analysts' published price targets, ratings and estimates, compiled by Financial Modeling Prep; as of Nov 15, 2026. Not FRC research or a recommendation.
Financial Statements
Income statement, balance sheet, and cash flow statements.
About this section
Income statement, balance sheet and cash flow history for Atrium Mortgage Investment Corporation. Atrium Mortgage Investment Corporation has reported as a listed company since 2012. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.
Comparables
List of peer companies in the same industry.
Peer companies
Market cap
- AIM-PA.TOAimia Inc.Financial - Conglomerates$552M
- FC.TOFirm Capital Mortgage Investment CorporationFinancial - Mortgages$394M
- FSZ.TOFiera Capital CorporationAsset Management$251M
- MKP.TOMCAN Mortgage CorporationFinancial - Mortgages$892M
- QRC.TOQueen's Road Capital Investment Ltd.Asset Management$716M
More Financial - Mortgages companies
- FMCCKFederal Home Loan Mortgage CorporationOTC$4.8B
- FMCCLFederal Home Loan Mortgage CorporationOTC$4.4B
- FMCCMFederal Home Loan Mortgage CorporationOTC$4.4B
- FMCCNFederal Home Loan Mortgage CorporationOTC$4.3B
- FMCCOFederal Home Loan Mortgage CorporationOTC$4.5B
- FMCCPFederal Home Loan Mortgage CorporationOTC$4.7B
- FMCCSFederal Home Loan Mortgage CorporationOTC$4.5B
- FMCCTFederal Home Loan Mortgage CorporationOTC$13.7B
- FMCKIFederal Home Loan Mortgage CorporationOTC$4.5B
- FMCKJFederal Home Loan Mortgage CorporationOTC$8.1B
- FMCKKFederal Home Loan Mortgage Corporation PFDOTC$11.6B
- FMCKLFederal Home Loan Mortgage CorporationOTC$4.5B
ETFs holding Atrium Mortgage Investment Corporation
% of the fund
- IQD.TOCI International Quality Dividend Growth Index ETF$114M in assets1.31%
- AVDEAvantis International Equity ETF$19.3B in assets
- TTP.TOTD Canadian Equity Index ETF$6.8B in assets0.01%
- QCN.TOMackenzie Canadian Equity Index ETF$6.4B in assets0.01%
- GWXState Street SPDR S&P International Small Cap ETF$882M in assets0.04%
- XCS.TOiShares S&P/TSX SmallCap Index ETF$233M in assets0.20%
- EHE.TOCI Europe Hedged Equity Index ETF$2M in assets1.65%
- AVDSAvantis International Small Cap Equity ETF$379M in assets0.01%
Largest holders first, then the funds most concentrated in AI.TO.
News
Latest headlines and market coverage.
About this section
Latest headlines and company announcements for Atrium Mortgage Investment Corporation. Coverage tracks Atrium Mortgage Investment Corporation within Financial - Mortgages (Financial Services). Press releases and market coverage, newest first.
Comments
Comments and replies from FRC members about this company.
I selected AI.TO for our FRC Stock Pickers University Challenge portfolio, as it is an FRC-covered, conservative mortgage lender whose loans are primarily first mortgages with plenty of equity. We like the steady monthly dividend and the fair value, which implies 13.8% upside from the current price.
I chose this stock for the Stock Pickers University Challenge because it fills the FRC covered slot and FRC rates the Atrium as a BUY with a fair value of 12.82$ which is about 13.8% above its current price of 11.27$.
Comments on Atrium Mortgage Investment Corporation (2)
I selected AI.TO for our FRC Stock Pickers University Challenge portfolio, as it is an FRC-covered, conservative mortgage lender whose loans are primarily first mortgages with plenty of equity. We like the steady monthly dividend and the fair value, which implies 13.8% upside from the current price.
I chose this stock for the Stock Pickers University Challenge because it fills the FRC covered slot and FRC rates the Atrium as a BUY with a fair value of 12.82$ which is about 13.8% above its current price of 11.27$.