AG Mortgage Q3 net loss $0.33/sh, EAD $0.10; book value falls to $11.37; WMC merger on track

TPG Mortgage Investment Trust, Inc.

2023-Q3 EPS reported $0.23

Q3 net loss $(0.33) per diluted share; Earnings Available for Distribution $0.10 per share.
Book value per share $11.37 (down 4.4% from $11.89); adjusted book value $11.00 (down 4.5%).
Transaction expenses of $7.6M, including $4.9M WMC merger costs and $2.7M securitization costs.
Stockholders approved merger with WMC; WMC meeting adjourned to Dec 5; close expected Q4 2023.
TPG closed acquisition of Angelo Gordon; management agreement assigned to TPG subsidiary.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TPG Mortgage Investment Trust, Inc. reported the quarter ended September 30, 2023 results: net income $(0.33) and $0.10 of Net Income/(Loss) and Earnings Available for Distribution ("EAD") per diluted common share, respect.

Period: the quarter ended September 30, 2023
Net income: $(0.33) and $0.10 of Net Income/(Loss) and Earnings Available for Distribution ("EAD") per diluted common share, respect
Result: reported results

Exact text from the filing

AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE: MITT) today reported financial results for the quarter ended September 30, 2023.

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TPG Mortgage Investment Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001514281-23-000142

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