earnings
confidence high
sentiment negative
materiality 0.75
MITT Q3 net loss $0.33/diluted share; adjusted book value down 4.2% to $10.68
TPG Mortgage Investment Trust, Inc.
2022-Q3 EPS reported
-$3.38
- Net loss of $(0.33) per diluted common share; Core Earnings per share $(0.03).
- Adjusted book value fell 4.2% QoQ to $10.68; book value per share $11.02 from $11.48.
- Investment portfolio $4.3B fair value; economic leverage reduced from 2.7x to 2.0x.
- Common dividend maintained at $0.21; repurchased 0.4M shares for $2.3M at $6.08 avg.
- Arc Home after-tax net loss $(2.9)M; MITT's share of loss $(1.3)M pre-eliminations.