earnings
confidence high
sentiment neutral
materiality 0.75
MITT Q2 2021: book value $15.19; core EPS $0.00; Non-QM loans rise to 37%
TPG Mortgage Investment Trust, Inc.
2021-Q2 EPS reported
$3.34
- Net income $0.70 per diluted share vs $2.74 in Q1; Core earnings $0.00 per share vs $0.25.
- Book value $15.19, adjusted book value $14.72, up ~3% from Q1; economic return 4.6%.
- Purchased $446M Non-QM loans; Non-QM portfolio increased to 37% of total from 19%.
- Arc Home pre-tax net loss $3.7M; Non-QM originations grew to $376M from $188M QoQ.
- Common dividend $0.21 per share; completed 1-for-3 reverse stock split July 22.