earnings
confidence high
sentiment negative
materiality 0.75
AG Mortgage Investment Trust Q1 2022: Book value per share down 6.6% to $13.68, net loss per share $(0.74)
TPG Mortgage Investment Trust, Inc.
2022-Q1 EPS reported
-$0.74
- Book value per share $13.68 (down from $14.64); net loss per diluted share $(0.74); core earnings loss $(0.02).
- Investment portfolio grew to $3.7B from $3.2B; three securitizations executed during the quarter.
- Economic leverage ratio 2.7x (up from 2.4x); total liquidity $137.9M as of March 31, 2022.
- Common dividend $0.21 per share declared; preferred dividends also declared for Series A, B, and C.
- Arc Home forecasts 2022 originations $4.5B-$6.5B; MITT's share of after-tax net income was $3.1M.