---
schema_version: "secwatch.filing_event.v1"
accession: "0001514281-24-000025"
form_type: "8-K"
ticker: "MITT"
cik: "0001514281"
company_name: "TPG Mortgage Investment Trust, Inc."
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T19:10:34.640145+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MITT posts FY2023 book value decline of 7.5%, negative economic return; completes WMC acquisition

## Summary
- Q4 2023 net income $1.35/diluted share; EAD $0.17; adjusted book value down 7.2% from Q3.
- FY2023 book value per share $10.46 (down 7.5% from $11.39); annual economic return on equity -1.0%.
- Completed WMC acquisition on Dec 6, 2023: issued 9.2M shares, added $1.2B assets, bargain purchase gain $30.2M.
- Expects $5-7M annual expense savings from WMC acquisition; accretive to 2024 earnings.
- January 2024: issued $34.5M 9.5% Senior Notes due 2029; repurchased $7.1M Convertible Notes.

## SEC filing metadata
- accession: 0001514281-24-000025
- form_type: 8-K
- ticker: MITT
- cik: 0001514281
- company_name: TPG Mortgage Investment Trust, Inc.
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1514281/000151428124000025/0001514281-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1514281/000151428124000025/mitt-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001514281-24-000025
- JSON: https://secwatch.observer/filing/0001514281-24-000025.json
- Plain text: https://secwatch.observer/filing/0001514281-24-000025.txt

## Key facts
- Earnings Releases
  TPG Mortgage Investment Trust, Inc. reported financial results for full year and fiscal quarter ended December 31, 2023.
  - Period: full year and fiscal quarter ended December 31, 2023
  - Result: reported results
  source text: AG Mortgage Investment Trust, Inc. (the “Company”) issued a press release announcing its financial results for the full year and fiscal quarter ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514281/000151428124000025/0001514281-24-000025-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.