C3.ai(AI) Newsfile·2025-05-13 21:10Core Insights - Atrium Mortgage Investment Corporation reported strong first quarter results, with earnings per share exceeding dividends and a significant increase in new loan origination despite a challenging market [3][4] - The company has successfully reduced its loan-to-value ratio and increased the percentage of conventional mortgages, contributing to a resilient portfolio [4][6] Financial Performance - For Q1 2025, Atrium reported total assets of 864.3 million at the end of 2024 [6] - Net income for the first quarter was 0.25, a decrease of 7.4% compared to 875.0 million, with mortgages receivable at 863.2 million at the end of 2024 [8][10] Portfolio Quality - The loan-to-value ratio improved from 64.0% to 61.1% over the past year, with 96.3% of the portfolio being conventional mortgages [4][10] - Stage 3 loans decreased to 2.2% of the mortgage portfolio, the lowest since Q2 2023 [4] - The weighted average interest rate on the mortgage portfolio was 9.56%, down from 9.98% at the end of 2024 [8][10] Mortgage Portfolio Breakdown - As of March 31, 2025, the mortgage portfolio comprised 75.9% residential and 24.1% commercial properties [12] - The majority of the portfolio (88.8%) is located in the Greater Toronto Area, with a weighted average loan-to-value of 60.3% [14]