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) announced it will release its third quarter 2022 financial results on November 4, 2022, before the market opens. A conference call to discuss the results will occur on the same day at 8:30 a.m. Eastern Time. Participants can join by calling (800) 343-4849 or (203) 518-9856 for international callers, using Conference ID MITTQ322. An audio replay will be available the same day until December 4, 2022. The company's presentation can be accessed on its website under the
AG Mortgage Investment Trust, Inc. (NYSE: MITT) released preliminary financial updates for Q3 2022, highlighting a decrease in Book Value per share to an estimated range of $10.97 to $11.07 from $11.48 in Q2 2022. Adjusted Book Value per share also fell to between $10.63 and $10.73. Despite this, the liquidity position remains robust at $79.7 million, with a growing investment portfolio valued at $4.3 billion. The Company executed securitizations totaling $1.3 billion and plans to increase warehouse capacity to $2.2 billion.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) announces T.J. Durkin as its new CEO effective October 1, 2022. Durkin will maintain his role as President and Board member. David Roberts, the current CEO since 2011, is resigning to pursue retirement, effective September 30, 2022. Debra Hess, Lead Independent Director, transitions to Non-Executive Chair, enhancing governance. Nicholas Smith, the Chief Investment Officer, joins the Board. The company aims to strengthen its residential credit focus amid market uncertainties, relying on its robust loan pipeline and experienced leadership.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) has declared a dividend of $0.21 per common share for Q3 2022. This dividend is payable on October 31, 2022 to shareholders on record by September 30, 2022. AG Mortgage is focused on a diversified portfolio of residential mortgage-related assets in the U.S. and is managed by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., L.P., which manages about $52 billion in assets.
AG Mortgage Investment Trust (MITT) reported Q2 2022 financial results with a book value per share of $11.48, down from $13.68 in Q1 2022, marking a decrease of 16.6%. The net income reported was $(2.27) per share, with core earnings at $0.08 per share. A dividend of $0.21 per share was declared. Total investments rose to $4.1 billion, while total financing increased to $3.4 billion. Key management noted market challenges but emphasized opportunities for growth through securitizations. A $15 million stock repurchase program was approved on August 3, 2022.
AG Mortgage Investment Trust (NYSE: MITT) will announce its second quarter 2022 financial results on August 3, 2022, after market close. A conference call will follow at 5:00 PM ET the same day for discussion of these results. Participants can register via a specified number and access a presentation on the company's website. For those unable to attend live, an audio replay will be accessible from August 3 through September 3, 2022. AG Mortgage focuses on a diversified portfolio of U.S. residential mortgage-related assets.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) has declared a second-quarter 2022 dividend of $0.21 per common share. This dividend is payable on July 29, 2022 to shareholders of record by the close of business on June 30, 2022. As a residential mortgage REIT, the company focuses on investing in a diversified portfolio of residential mortgage-related assets within the U.S. market, managed by AG REIT Management, a subsidiary of Angelo Gordon & Co.
AG Mortgage Investment Trust (MITT) reported its Q1 2022 financial results, showing a book value per share of $13.68, down from $14.64 in Q4 2021. The economic return on equity was negative at (5.2)% with a net income loss of $(0.74) per share. The Company executed three securitizations, enhancing liquidity during a challenging quarter, while maintaining a $3.7 billion investment portfolio and $137.9 million in liquidity. A quarterly dividend of $0.21 was declared, and the management remains optimistic about long-term growth despite current challenges.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) will release its first quarter 2022 financial results before the market opens on May 6, 2022. A conference call will follow at 8:30 a.m. Eastern Time on the same day to discuss these results. Participants can access the call by dialing 1 (866) 374-5140 for domestic calls or 1 (404) 400-0571 for international callers. A replay will be available from May 9 to June 5, 2022. The company focuses on investing in a diversified portfolio of residential mortgage-related assets in the U.S. market.
AG Mortgage Investment Trust announces the nomination of Matthew Jozoff to its Board of Directors, set for election on May 2, 2022. Mr. Jozoff brings over 30 years of experience in mortgage origination and securitization, previously serving in senior roles at J.P. Morgan and Goldman Sachs. His expertise aligns with MITT's strategy as a pure-play residential mortgage REIT. Additionally, the Board will undergo governance changes following Joseph LaManna's decision not to seek reelection, with Debra Hess appointed as Lead Independent Director.