Atrium Mortgage Investment (AI) Q1 2026 earnings summary

Executive summary

• Net income for Q1 2026 was CAD 12 million, up 1% year-over-year, with EPS of CAD 0.25, matching prior quarters and exceeding regular quarterly dividends.

• Mortgage portfolio totaled CAD 896.2 million, down 2.3% from year-end, with 95.3% in first mortgages and an average LTV of 61.4%.

• Revenues declined 9.7% year-over-year to CAD 19.8 million, primarily due to lower average interest rates.

• Opened a new office in Alberta to expand into Prairie markets, supporting geographic diversification.

• Consistent track record of steady earnings, dividends, and prudent risk management.

Financial highlights

• Net income: CAD 12 million in Q1 2026, up from CAD 11.9 million in Q1 2025.

• EPS: CAD 0.25, unchanged year-over-year.

• Mortgage portfolio: CAD 896.2 million, down from CAD 917.1 million at year-end.

• Allowance for credit losses: CAD 31.1 million, 3.5% of portfolio, up from 3.3% at year-end.

• Weighted average interest rate on portfolio: 8.86%, down from 8.98% at year-end.

Outlook and guidance

• Expecting increased loan origination and portfolio diversification from Prairie markets in H2 2026.

• Regular monthly dividends of CAD 0.0775 per share declared for Q3 2026.

• Continued focus on disciplined underwriting and conservative risk management.