Atrium mortgage investment corporation announces strong third quarter earnings per share and an increase in monthly dividend

Toronto, ontario--(newsfile corp. - november 13, 2024) - atrium mortgage investment corporation (tsx: ai) (tsx: ai.db.d) (tsx: ai.db.e) (tsx: ai.db.f) (tsx: ai.db.g) today released its financial results for the three and nine months period ended september 30, 2024. highlights quarterly basic and diluted earnings per share of $0.26, up from $0.25 basic and diluted in the prior year quarterly net income of $11.6 million, up from $11.0 million in the prior year increase annual dividend rate by 3.3% from $0.90 to $0.93 per common share beginning in december 2024 record mortgage portfolio of $926.3 million high quality mortgage portfolio 97.3% of portfolio in first mortgages 90.3% of portfolio is less than 75% loan-to-value average loan-to-value is 64.1% "despite the ongoing challenges in the real estate market, atrium continued to produce very strong results for shareholders.
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