earnings
confidence high
sentiment positive
materiality 0.75
AG Mortgage Investment Trust Q3 2021 book value up 12% to $16.92; net income $1.87 per share
TPG Mortgage Investment Trust, Inc.
2021-Q3 EPS reported
$5.21
- Book value per share of $16.92 (adjusted $16.45) vs $15.18 at June 30; quarterly economic return of 13.2%.
- Net income of $1.87 per diluted share vs $0.70 in Q2; core earnings $0.96 per share vs $0.00.
- Fully exited legacy commercial investments; residential portfolio grew to $2.2 billion.
- Declared Q4 preferred dividends ($0.51563 Series A, $0.50 Series B and C); Q3 common dividend $0.21 paid Oct 29.
- Arc Home generated $5.6M pre-tax net income; originated $400M Non-QM loans in Q3.