TPG Mortgage Investment Trust, Inc. (MITT) Form 8-K — Nov 4, 2026
TPG Mortgage Investment Trust (NYSE: MITT) reported a Q3 2026 diluted loss per share of $(0.49) versus EPS of $0.47 a year ago, with book value falling 7.3% to $9.27 from $10.00, driven by $19.9 million of net unrealized losses and $4.2 million of transaction expenses. Earnings available for distribution was $0.21 per share against a $0.24 dividend, and the quarterly economic ROE was (4.9)%. The $7.6 billion portfolio earned a 0.8% net interest margin on a 6.1% yield against 5.4% cost of funds, with economic leverage at 2.0x and $84.7 million of liquidity.
Key figures
- Guidance
- No formal guidance; management targets 15-20% ROEs as ~$28 million of legacy WMC commercial equity is rotated in 2027
- Total Assets
- 7762067000
- Cash Position
- 56684000
- Shares Outstanding
- 31803000
- Cost of funds
- 5.4%
- Ead per share
- 0.21
- Total liquidity
- 84700000
- Arc home investment
- 45700000
- Chmi exchange ratio
- 0.3063x
- Gaap leverage ratio
- 13.7x
- Net interest income
- 20935000
- Book value per share
- 9.27
- Investment portfolio
- 7600000000
- Q3 dividend declared
- 0.24
- Chmi cash consideration
- $0.41 per share from MITT plus $0.52 per share from AG REIT Management
- Economic leverage ratio
- 2.0x
- Book value prior quarter
- 10
- Investment portfolio yield
- 6.1%
AI analysis
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