earnings
confidence high
sentiment neutral
materiality 0.70
AG Mortgage Investment Trust reports Q1 book value per share $11.85, up 4% from Q4 2022
TPG Mortgage Investment Trust, Inc.
2023-Q1 EPS reported
$0.38
- Book value per share $11.85 vs $11.39; adjusted book value $11.48, up 4.1% from Dec 31, 2022.
- Net income $0.38 per diluted common share; EAD per share $0.03; dividend $0.18 per common share.
- Investment portfolio $4.5B; GAAP leverage 8.9x, economic leverage 1.4x; repurchased 0.9M shares for $5.2M in Q1.
- Arc Home contributed $(2.3)M after-tax loss to MITT in Q1; new $15M share repurchase program authorized.
- Quarterly preferred dividends declared for Series A, B, C at $0.51563, $0.50, $0.50 per share, payable June 20.