Quarterly ResultMay 1, 2026, 04:46 PM
TPG Mortgage Q1 Net Loss $8.72M; EPS $(0.27)
AI Summary
TPG Mortgage Investment Trust, Inc. reported a net loss available to common stockholders of $8.72 million, or $(0.27) per basic and diluted share, for the three months ended March 31, 2026. This marks a significant decline from a net income of $6.17 million, or $0.21 per share, in the prior year period, primarily driven by a substantial net unrealized loss of $16.18 million. Despite an increase in net interest income, total assets decreased to $8.29 billion and total liabilities to $7.74 billion from December 31, 2025.
Key Highlights
- Net loss available to common stockholders was $8.72 million in Q1 2026, compared to net income of $6.17 million in Q1 2025.
- Basic and diluted EPS was $(0.27) in Q1 2026, down from $0.21 in Q1 2025.
- Total assets decreased to $8.29 billion as of March 31, 2026, from $8.71 billion as of December 31, 2025.
- Total liabilities decreased to $7.74 billion as of March 31, 2026, from $8.15 billion as of December 31, 2025.
- Net interest income increased to $20.64 million in Q1 2026, up from $18.85 million in Q1 2025.
- Total other income/(loss) swung to a loss of $16.18 million in Q1 2026, from a gain of $1.55 million in Q1 2025.
- Common dividends declared were $0.24 per share in Q1 2026, an increase from $0.20 per share in Q1 2025.
- Net cash provided by operating activities increased to $20.34 million in Q1 2026, from $12.00 million in Q1 2025.
Price Impact
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