earnings
confidence high
sentiment neutral
materiality 0.50
AG Mortgage Investment Trust reports Q2 EAD $0.21/share; BVPS down 1.9% to $10.63
TPG Mortgage Investment Trust, Inc.
2024-Q2 EPS reported
$0.53
- Book value per share $10.63 at June 30, 2024 vs $10.84 at March 31, 2024; adjusted book value $10.37.
- Net loss $(0.02) per diluted common share; Earnings Available for Distribution (EAD) $0.21 per share.
- Common dividend raised 5.6% to $0.19 per share, covered by Q2 EAD of $0.21.
- Investment portfolio grew to $6.9B; issued $65M 9.500% senior notes due 2029 in May.
- Total liquidity $180.2M; GAAP leverage 12.2x, economic leverage 2.5x as of June 30.