earnings
confidence high
sentiment neutral
materiality 0.75
AG Mortgage Q4 core loss $0.05/sh; full year net income $5.29/sh, book value up 21%
TPG Mortgage Investment Trust, Inc.
2021-FY EPS reported
$5.29
- Full year 2021 net income $5.29/diluted share; core earnings $1.11/sh; book value $14.64, +21% from $12.40.
- Q4 2021 net income $0.33/sh but core loss ($0.05)/sh; quarterly economic return -11.7%.
- Completed public offering of 8.1M shares for ~$80M net proceeds to fuel growth.
- Investment portfolio $3.2B; $2.5B of Non-QM loans purchased in 2021; five securitizations.
- Q1 2022 preferred dividends: Series A $0.51563, B $0.50, C $0.50 per share, payable Mar 17.