earnings
confidence high
sentiment positive
materiality 0.75
AG Mortgage Investment Trust Q3 2024: BV $10.58, EAD $0.17, economic ROE 3.9%
TPG Mortgage Investment Trust, Inc.
2024-Q3 EPS reported
$0.93
- Book value per share $10.58 (+2% QoQ from $10.37); quarterly economic return on equity 3.9%.
- Net income $0.40/diluted share; Earnings Available for Distribution $0.17/diluted share.
- Declared Q3 dividend of $0.19 per common share; paid off $79.1M Legacy WMC convertible notes.
- Investment portfolio $6.8B; loan purchases $524.9M (FMV); securitized $751.5M UPB in Q3.
- Arc Home origination volume $681.6M; MITT purchased $166.2M UPB from Arc Home.