Welcome to our dedicated page for TPG Mortgage Investment Trust news (Ticker: MITT), a resource for investors and traders seeking the latest updates and insights on TPG Mortgage Investment Trust stock.
TPG Mortgage Investment Trust, Inc. reports developments as a residential mortgage REIT focused on residential mortgage-related assets in the U.S. mortgage market. The company invests in a diversified, risk-adjusted portfolio and emphasizes newly originated residential mortgage loans and non-agency residential credit through acquisition and securitization activity.
Recurring news for MITT includes quarterly and full-year results, book value and leverage measures, earnings available for distribution, common and preferred stock distributions, distribution tax treatment, and updates tied to Arc Home. The company is externally managed and advised by AG REIT Management, LLC, an affiliate of TPG Inc., and changed its name from AG Mortgage Investment Trust, Inc. while retaining the MITT ticker.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) has declared a $0.03 dividend per common share for Q4 2020. The dividend is set to be paid on January 29, 2021, to shareholders recorded by the close of business on December 31, 2020. AG Mortgage Investment Trust is a hybrid mortgage REIT that invests in a diversified portfolio of Agency RMBS and Credit Investments, including both Residential and Commercial Investments. The firm is managed by AG REIT Management, a subsidiary of Angelo Gordon & Co., L.P.
AG Mortgage Investment Trust (MITT) announces the appointment of Dianne Hurley to its Board of Directors, effective December 1, 2020. Hurley, a seasoned real estate executive, will also serve on the Audit Committee, increasing the board to six members, four of whom are independent. Her extensive background includes roles as Chief Financial and Operations Officer at Moravian Academy and Chief Administrative Officer at A&E Real Estate. This addition is expected to strengthen the board's expertise and enhance the company's strategic direction.
AG Mortgage Investment Trust (MITT) reported strong third-quarter 2020 results, highlighting a net income of $0.44 per diluted common share and record profitability at Arc Home of $29.5 million. The company's book value surged to $3.34 per share from $2.75 at the end of the previous quarter. Total liquidity increased to $82.4 million, while the economic leverage ratio stood at 0.9x. The firm actively participated in the market, acquiring residential loans and securitizing assets, reinforcing its growth strategy.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) announced that it will release its third quarter 2020 financial results before the market opens on November 6, 2020. Following the release, the Company will host a conference call at 8:30 a.m. Eastern Time to discuss the results. Participants can access the call by dialing (888) 424-8151 or 1 (847) 585-4422 for international callers. A presentation will be available on the Company's website prior to the call, and an audio replay will be accessible until December 6, 2020.