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. (NYSE: MITT), formerly known as AG Mortgage Investment Trust, Inc., is a residential mortgage REIT focused on a diversified risk-adjusted portfolio of residential mortgage-related assets in the U.S. mortgage market. The company is externally managed by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., L.P. (TPG Angelo Gordon), a diversified credit and real estate investing platform within TPG.
The MITT news feed highlights company announcements that matter to income-focused and mortgage market investors. Regular press releases cover quarterly financial results, including book value per share, economic return on equity, leverage metrics, liquidity, and contributions from its investment in Arc Home, a licensed residential mortgage originator in which the company holds an equity interest. These earnings updates are often accompanied by detailed presentations and conference calls for stockholders and analysts.
Dividend activity is a recurring theme in MITT’s news. The company frequently announces quarterly common stock dividends and has reported percentage increases in its common dividend per share over successive quarters. It also declares quarterly cash dividends on its Series A, Series B, and Series C preferred stock, providing additional information for investors tracking income from preferred securities.
News items also include information about strategic developments, such as the acquisition of additional ownership in Arc Home and the company’s rebranding from AG Mortgage Investment Trust, Inc. to TPG Mortgage Investment Trust, Inc., with the ticker MITT remaining unchanged. For readers following residential mortgage REITs, this page offers a centralized view of MITT’s earnings releases, dividend declarations, capital actions, and branding updates, along with details about scheduled earnings calls and replay availability.
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AG Mortgage Investment Trust, Inc. (NYSE: MITT) has declared a dividend of $0.18 per common share for Q1 2023. This dividend will be paid on April 28, 2023, to shareholders on record as of March 31, 2023. The company operates as a residential mortgage REIT, focusing on a diversified portfolio of mortgage-related assets in the U.S. mortgage market. AG Mortgage is externally managed by AG REIT Management, a subsidiary of Angelo, Gordon & Co., which manages approximately $53 billion in assets.
AG Mortgage Investment Trust (MITT) reported financial results for 2022, showing a 23% decrease in Book Value per share from $14.64 in 2021 to $11.39. The Annual Economic Return on Equity was (17.3)%, with a net loss of $(3.12) per share and earnings available for distribution of $0.08 per share. Despite challenges, the company noted a 3% increase in book value during Q4 2022 and reported a quarterly economic return on equity of 5.0%. The investment portfolio totaled $4.2 billion, with $2.6 billion in loans purchased in 2022. The company also executed a rated securitization of $271.2 million, converting recourse financing into more stable non-recourse financing.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) has announced it will release its fourth quarter 2022 financial results on February 23, 2023, before market opening. Following the release, a conference call will be held at 8:30 a.m. ET the same day to discuss the results. Participants can join by calling (800) 445-7795 for domestic or (785) 424-1699 for international calls, with Conference ID MITTQ422. An accompanying presentation will be available on the company's investor relations website.
Audio replays of the call will be accessible from February 23 to March 23, 2023.