TPG Mortgage Investment Trust, Inc. MITT

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

TPG Mortgage Investment Trust, Inc. (the "Company," "MITT," "we," "us," and "our") is a residential mortgage REIT with a focus on investing in a diversified risk-adjusted portfolio of residential mortgage-related assets in the U.S. mortgage market. Our objective is to provide attractive risk-adjusted returns to our stockholders over the long-term, primarily through dividends and capital appreciation. Effective as of December 16, 2025, we changed our name from "AG Mortgage Investment Trust, Inc." to "TPG Mortgage Investment Trust, Inc."

We focus our investment activities primarily on acquiring and securitizing newly-originated residential mortgage loans within the non-agency segment of the housing market. We obtain our assets through Arc Home, LLC ("Arc Home"), our residential mortgage loan originator in which we own an approximate 66.0% interest, and through other third-party origination partners. We finance our acquired loans through various financing lines on a short-term basis and utilize TPG Inc.'s ("TPG") proprietary securitization platform to secure long-term, non-recourse, non-mark-to-market financing as market conditions permit. Through our ownership in Arc Home, we also have exposure to mortgage banking activities. Arc Home is a multi-channel licensed mortgage originator and servicer primarily engaged in the business of originating and selling residential mortgage loans while retaining the mortgage servicing rights associated with certain loans that it originates.

Last close 5.44 2026-10-23
Market cap $173.0M 2026-06-30 share count
52-week range 5.20 - 9.27

Valuation FY2025 figures against the last close

P/S—
P/E6.0x
P/FCF2.9x
EV/EBITDA—
Dividend yield14.1%
Diluted EPS0.90

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Interest expense $76.5M$65.9M$47.8M$118.9M$27.2M$36.9M$90.1M$70.5M$43.7M$33.8M
Pre-tax income $49.6M$55.8M$55.2M-$42.8M$72.3M-$420.0M$89.7M-$12.1M$105.9M$62.2M
Income tax $888.0K$112.0K$250.0K$163.0K$0————$0
Net income $48.7M$55.7M$53.8M-$53.1M$104.2M-$420.9M$92.9M$1.6M$118.6M$63.7M
EPS, basic 0.901.231.68-3.125.29-36.732.39-0.423.771.80
EPS, diluted 0.901.231.68-3.125.29-36.732.39-0.423.771.80
Shares, diluted (wtd. avg.) 30.6M29.5M21.1M22.9M16.2M11.7M32.2M28.4M27.9M28.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $57.8M$118.7M$125.6M$98.8M$100.2M$62.3M$125.4M$84.4M$15.2M$79.1M
Total assets $8.71B$6.91B$6.13B$4.37B$3.36B$1.40B$4.35B$3.55B$3.79B$2.63B
Total liabilities $8.15B$6.37B$5.60B$3.91B$2.79B$990.3M$3.50B$2.89B$3.08B$1.97B
Retained earnings -$500.5M-$501.7M-$516.1M-$536.5M-$446.8M-$518.1M-$85.9M-$100.9M-$32.8M-$81.9M
Total equity $560.7M$543.4M$528.4M$462.8M$570.4M$409.7M$849.0M$656.0M$714.3M$655.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $59.6M$55.8M$28.1M$22.5M$26.3M$4.2M$65.2M$78.0M$58.9M$52.8M
Depreciation and amortisation ———————$2.3M$0$0
Stock-based compensation $712.0K$667.0K$380.0K$327.0K$320.0K$419.0K$399.0K$392.0K$239.0K$119.0K
Investing cash flow -$1.67B-$713.1M-$433.5M-$1.49B-$1.90B$2.19B-$747.0M$161.0M-$1.13B$553.9M
Financing cash flow $1.55B$670.3M$432.1M$1.47B$1.91B-$2.26B$722.7M-$207.5M$1.04B-$606.1M
Dividends paid $24.5M$18.0M$17.4M$19.4M$10.8M$14.7M$61.8M$55.3M$55.7M$53.3M
Buybacks —$0$6.4M$18.2M$3.6M$0———$9.9M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-011775.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -600M -400M -200M 0 200M Net income, FY2016: 63.7M Net income, FY2017: 118.6M Net income, FY2018: 1.6M Net income, FY2019: 92.9M Net income, FY2020: -420.9M Net income, FY2021: 104.2M Net income, FY2022: -53.1M Net income, FY2023: 53.8M Net income, FY2024: 55.7M Net income, FY2025: 48.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — — — — — — — —
Gross profit — — — — — — — — — —
Net income $63.7M $118.6M $1.6M $92.9M -$420.9M $104.2M -$53.1M $53.8M $55.7M $48.7M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Annual report filed Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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