Toronto, Ontario–(Newsfile Corp. – August 10, 2022) – Atrium Mortgage Investment Corporation (TSX: AI) today released its financial results for the three and six months ended June 30, 2022.
Highlights
- Record mortgage portfolio of $817.0 million, a 6.5% increase from December 31, 2021
- High quality mortgage portfolio
- 91.9% of portfolio in first mortgages
- 99.1% of portfolio is less than 75% loan to value
- average loan-to-value is 62.3%
- 91.9% of portfolio in first mortgages
- Quarterly net income of $10.7 million, up 0.5% from the comparative period
- Quarterly basic and diluted earnings per share of $0.25
“We had a very busy Q2, with a record level of mortgage advances of $223.9 million and record repayments of $199.5 million in the quarter. We ended the second quarter with assets of $830.4 million and mortgages of $817.0 million, both being the highest…