earnings
confidence high
sentiment positive
materiality 0.75
AG Mortgage reports Q4 2024 book value $10.64, annual economic return 11.7%
TPG Mortgage Investment Trust, Inc.
- Book value per share $10.64 at Dec 31, 2024, up from $10.20 at end of 2023; annual economic return on equity 11.7%.
- Net income available to common stockholders per diluted share $1.23 for full year 2024; Q4 net income $0.30 per share.
- EAD per diluted share $0.76 for full year, $0.18 for Q4; Q4 dividend $0.19 per common share.
- Investment portfolio $6.7B; GAAP leverage 11.6x; issued $99.5M of 9.5% senior notes due 2029.
- Repurchased $7.1M of Legacy WMC convertible notes; paid off remaining $79.1M at maturity; liquidity $136.9M.