rewrite this title Atrium Mortgage Investment Corporation (AI:CA) Q3 2025 Earnings Call Transcript

Operator

Welcome to the Atrium Mortgage Investment Corporation’s Third Quarter Results Conference Call. [Operator Instructions] A reminder that this conference is being recorded Thursday, November 13, 2025.

Certain statements will be made during this phone call that may be forward-looking statements. Although Atrium believes that such statements are based upon reasonable assumptions, actual results may differ materially. Forward-looking statements are based on the beliefs, estimates and opinions of Atrium’s management on the date the statements are made. Atrium undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates, opinions or other factors change.

I would now like to turn the conference over to your host, Robert Goodall, CEO of Atrium. Mr. Goodall, please go ahead.

Robert G. GoodallFounder, CEO & Director

Thank you for calling in today. Our interim CFO, Jeffrey Sherman, is on holiday, so our Senior Vice President of Finance, Chris Anastasopoulos will be speaking today. Chris will start by talking about our financial results, and then I’ll speak about our performance from an operational and portfolio perspective. Chris?

Unknown Executive

Thank you, Rob. Atrium continued to generate another strong quarter for shareholders amid a challenging economic environment. Atrium generated net income of $11.9 million in the third quarter, an increase of 2.5% over the prior year. Our basic and fully diluted earnings per share was $0.25 per share for the quarter, which continues to exceed our fixed dividend of $0.2325 per share. On a year-to-date basis, we generated $0.78 per share, again, ahead of our fixed dividend rate of $0.6975 per share. As expected, the average interest rate on the mortgage portfolio has decreased to 9.2% as at September 30, 2025, from 9.98% as