Atrium Mortgage Investment Corporation Announces Solid Second Quarter Earnings and Declares Dividends for the Fourth Quarter of 2026

About this update from Atrium Mortgage Investment Corp.

Toronto, Ontario--(Newsfile Corp. - August 5, 2026) - Atrium Mortgage Investment Corporation (TSX: AI) (TSX: AI.DB.F) (TSX: AI.DB.G) ("Atrium") today released its financial results for the three and six months ended June 30, 2026. "Atrium delivered solid results for the second quarter and for the first six months of 2026 while maintaining its disciplined approach to portfolio management. Although the lending environment showed early signs of improvement during the second quarter across both the commercial and residential real estate markets, activity levels remain well below historical averages. Given these conditions, Atrium earned basic earnings per share of $0.24 for the quarter compared with $0.28 per share in the prior year, while continuing to support our regular quarterly dividend of $0.2325 per share. We have maintained a conservative risk profile with 96.9% of our portfolio invested in first mortgages and a weighted average loan-to-value of 62.5% [1] . Our mortgage portfolio declined to $860.1 million as at June 30, 2026 from $896.2 million at March 31, 2026, despite having our most active quarter for new loan business since the second quarter of 2025. This was due to an unusually high level of repayments in the quarter, and we expect repayment activity to moderate over the balance of the year. With our new Alberta office having opened in mid-April, we also anticipate increased loan origination activity from Western Canada in the second half of the year. As a result, we anticipate the mortgage portfolio to exceed $900 million by the end of the year" said Rob Goodall, CEO of Atrium. Q2 2026 Highlights Quarterly net income of $11.7 million, compared to $13.1 million in the prior year Quarterly basic and diluted earnings per share of $0.24 Mortgage portfolio of $860.1 million Well-secured mortgage portfolio 96.9% of the portfolio in first mortgages 90.5% of the portfolio is less than 75% loan-to-value Weighted average loan-to-value is 62.5% 1 Results of operations Atrium reported assets of $835.6 million as at June 30, 2026, down from $893.6 million at the end of 2025. Revenues for the three months ended June 30, 2026 were $18.7 million, a decrease of 11.8% from the comparative quarter in the prior year. Net income for the three months ended June 30, 2026 was $11.7 million, a decrease of 10.5% from the comparative quarter of the prior year. For the six months ended June 30, 2026, revenues were $38.5 million, a decrease of 10.7% from the comparative period in the prior year. Net income for the six months ended June 30, 2026 was $23.7 million, a decrease of 5.1% from the prior year. For the three months ended June 30, 2026, basic and diluted earnings per common share were $0.24, compared with basic and diluted earnings per common share of $0.28 and $0.27, respectively for the three months ended June 30, 2025. For the six months ended June 30, 2026, basic and diluted earnings per common share were $0.49, compared with basic and diluted earnings per common share of $0.53 and $0.52, respectively for the six months ended June 30, 2025. Mortgages receivable as at June 30, 2026 were $834.4 million, down from $892.5 million as at December 31, 2025. This was due to mortgage interest and principal repayments exceeding advances. Atrium's allowance for credit losses at June 30, 2026 totalled $30.1 million or 3.5% of the gross mortgage portfolio. During the six months ended June 30, 2026, $132.9 million of mortgage principal was advanced and $186.4 million was repaid and transferred. The weighted average interest rate on the mortgage portfolio at June 30, 2026 was 8.69%, compared to 8.98% at December 31, 2025. Borrowings under our $380 million credit facility decreased to $224.1 million as at June 30, 2026, down from $283.0 million as at December 31, 2025, leaving us with healthily available capacity. The weighted average cost of borrowing on the credit facility was 4.67% for the three months ended June 30, 2026, down from 5.08% for the year end December 31, 2025, and 5.10% in the prior year comparative quarter. SELECTED FINANCIAL HIGHLIGHTS Consolidated Statements of Income and Comprehensive Income (Unaudited, 000s, except per share amounts)      Three months ended  June 30,     Six months ended  June 30,          2026     2025      2026      2025   Revenue $ 18,686 $ 21,185 $ 38,508 $ 43,148 Mortgage servicing and management fees (2,046 ) (2,190 ) (4,204 ) (4,366 ) Other expenses (752 ) (794 ) (1,258 ) (1,145 ) Provision for credit losses (137 ) 6 (788 ) (2,155 ) Income before financing costs 15,751 18,207 32,258 35,482 Financing costs (4,019 ) (5,094 ) (8,511 ) (10,468 ) Net income and comprehensive income $ 11,732 $ 13,113 $ 23,747 $ 25,014         Basic earnings per share $ 0.24 $ 0.28 $ 0.49 $ 0.53 Diluted earnings per share $ 0.24 $ 0.27 $ 0.49 $ 0.52         Dividends declared $ 11,216 $ 11,048 $ 22,386 $ 22,043   Selected Financial Position Highlights (000s, except per share amounts) June 30, December 31, 2026 2025 Mortgages receivable $ 834,428 $ 892,456 Total assets $ 835,612 $ 893,633 Total liabilities $ 304,796 $ 368,579 Shareholders' equity $ 530,816 $ 525,054 Book value per share $ 10.99 $ 10.96   Mortgage portfolio (carrying amounts in 000s)       As at June 30, 2026     As at December 31, 2025   Carrying % of Carrying % of Property Type Number amount Portfolio Number amount Portfolio High-rise residential 15   $ 186,241 21.7% 18 $ 245,843 26.8% Mid-rise residential 11   85,635 10.0% 13 103,088 11.3% Low-rise residential 14   127,426 14.8% 13 127,504 13.9% House and apartment 248   201,337 23.4% 251 176,254 19.2% Condominium corporation 4   1,025 0.1% 4 1,091 0.1% Residential portfolio 292   601,664 70.0% 299 653,780 71.3% Commercial 28   258,391 30.0% 27 263,294 28.7% Mortgage portfolio 320   $ 860,055 100.0% 326 $ 917,074 100.0%         As at June 30, 2026 Location of underlying property Number of   mortgages Carrying amount % of Portfolio Weighted average loan-to-value Weighted average interest rate Greater Toronto Area ("GTA") 250 $ 718,238 83.5% 61.6% 8.64% Non-GTA Ontario 57 74,655 8.7% 61.8% 8.07% British Columbia 13 67,162 7.8% 72.1% 9.94% 320 $ 860,055 100.0% 62.5% 8.69%         As at December 31, 2025 Location of underlying property Number of   mortgages Carrying amount % of Portfolio Weighted average loan-to-value Weighted average interest rate GTA 249 $ 793,802 86.6% 60.5% 8.95% Non-GTA Ontario 63 67,210 7.3% 64.0% 8.23% British Columbia 14 56,062 6.1% 69.9% 10.29% 326 $ 917,074 100.0% 61.4% 8.98%   For additional information on the financial results, further analysis of the company's mortgage portfolio, and definitions of non-IFRS measures and other financial measures, please refer to Atrium's interim condensed consolidated financial statements and management's discussion and analysis for the three and six months ended June 30, 2026, available on SEDAR+ at www.sedarplus.ca , and on the company's website at www.atriummic.com . Normal Course Issuer Bid During the quarter, Atrium received approval from the Toronto Stock Exchange (the "TSX") to renew its normal course issuer bid (the "NCIB"), enabling Atrium to acquire for cancellation up to 4,574,662 common shares during the twelve-month period commencing June 24, 2026, and ending on June 23, 2027. 2026 Fourth Quarter Dividends Atrium is pleased to announce that the Board of Directors has declared a monthly cash dividend of $0.0775 per common share (subject to rescission or adjustment at the discretion of the Board of Directors) payable on each dividend payment date listed below to shareholders of record at the close of business on the corresponding record date: Dividend Month Record Date Dividend Payment Date October 2026 October 30, 2026 November 10, 2026 November 2026 November 30, 2026 December 10, 2026 December 2026 December 31, 2026 January 12, 2027   Conference call Interested parties are invited to participate in a conference call with management on Thursday, August 6, 2026 at 9:00 a.m. ET to discuss the results. To participate or listen to the conference call live, please call 1-833-491-0507 (call topic: Second quarter results). For a replay of the conference call (available until August 18, 2026) please call 1-833-607-0619, passcode 4964319#. About Atrium Canada's Premier Non-Bank Lender™ Atrium is a non-bank provider of residential and commercial mortgages that lends in major urban centres in Canada where the stability and liquidity of real estate are high. Atrium's objectives are to provide its shareholders with stable and secure dividends and preserve shareholders' equity by lending within conservative risk parameters. Atrium is a Mortgage Investment Corporation ("MIC") as defined in the Canada Income Tax Act , so is not taxed on income provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after December 31 each year. Such dividends are generally treated by shareholders as interest income, so that each shareholder is in the same position as if the mortgage investments made by the company had been made directly by the shareholder. For further information about Atrium, please refer to regulatory filings available at www.sedarplus.ca or investor information on Atrium's website at www.atriummic.com . For additional information, please contact Robert G. Goodall Chief Executive Officer Chris Anastasopoulos Chief Financial Officer (416) 867-1053 [email protected] www.atriummic.com [1] Weighted average loan-to-value ("LTV") is calculated based on the value of the underlying assets determined using third-party appraisals at origination and updated using third-party appraisals when warranted as described in Atrium's Management's Discussion and Analysis for the three and six months ended June 30, 2026. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308255

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