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Atrium Mortgage Investment Corp T.AI.DB.G


Primary Symbol: T.AI Alternate Symbol(s):  T.AI.DB.C | T.AI.DB.D | T.AI.DB.E | T.AI.DB.F | AMIVF

Atrium Mortgage Investment Corporation is a non-bank lender, which provides financing solutions to commercial real estate and development communities in urban centers in Canada. It provides residential and commercial mortgages that lend in urban centers in Canada. Its investment objectives are to preserve its shareholders’ equity and provide its shareholders with stable and secure dividends from its investments in mortgage loans. It provides a range of lending, which includes land and development financing, construction and mezzanine financing, commercial term and bridge financing, and residential mortgages. It invests in various categories of mortgages, such as house and apartment, low-rise residential, construction, high-rise residential, mid-rise residential, commercial and condominium corporations. It has a range of property and loan types, including land for redevelopment, bridge and term financing, residential apartment buildings, industrial properties and retail properties.


TSX:AI - Post by User

Atrium Mortgage Investment Corp
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Post by JasleenDhakaon Nov 22, 2022 2:33pm
455 Views
Post# 35119481

New Report on $AI ! Revenue and EPS up!

New Report on $AI ! Revenue and EPS up!Atrium Mortgage Investment Corporation's revenue and EPS are up 30% and 12% YoY respectively in Q3.

The company has been able to raise lending rates to 10% by the end of Q3, as 72%+ of its mortgages are floating rate.

Mortgage industry insights:

• Bank of Canada is expected to continue raising its benchmark rate. Our analysts are expecting the bank to turn less hawkish by Q1-2023, due to rising unemployment levels and as inflation is starting to taper.

• MICs have underperformed in the market (TSX). Our analysts are expecting sector multiples to trend higher, as interest rates are expected to increase. MICs should be able to continue growing their loan portfolios.

Read the full report here: https://www.researchfrc.com/atrium-mortgage-investment-corporation-tsx-ai-record-breaking-q3-robust-outlook-for-q4/?utm_source=stockhouse.com&utm_medium=Referral&utm_campaign=stockhouse.com&utm_id=Atrium+MIC

*FRC provides issuer-paid coverage.
*Past performance is not indicative of future results.
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