earnings
confidence high
sentiment positive
materiality 0.75
MITT Q1 2024 book value up 3.7% to $10.84; economic return 5.5%
TPG Mortgage Investment Trust, Inc.
2024-Q1 EPS reported
$0.55
- Book value per share $10.84 (up 3.7% from $10.46); adjusted book value $10.58; quarterly economic return 5.5%.
- Net income $0.55/diluted share; EAD $0.21/share; common dividend $0.18/share declared.
- Investment portfolio $6.2B (+$0.3B); purchased $285.3M loans and $127.7M Agency RMBS; pipeline $283.9M.
- Issued $34.5M 9.500% senior notes due 2029; repurchased $7.1M of 6.75% convertible notes.
- Liquidity $140.3M; GAAP leverage 10.8x; net interest margin 0.8%.