Quarterly ResultAug 10, 2026, 07:07 AM
TPG Mortgage Q2 EAD $0.24/share; Book Value $10.00; Acquiring CHMI
AI Summary
TPG Mortgage Investment Trust, Inc. reported its second quarter 2026 financial results, with Earnings Available for Distribution (EAD) of $0.24 per diluted common share, fully covering its dividend. The company's Book Value per share increased to $10.00. Additionally, TPG Mortgage announced its proposed acquisition of Cherry Hill Mortgage Investment Corporation (CHMI) by merger, which management expects to significantly enhance scale and long-term earnings power.
Key Highlights
- Announced proposed acquisition of Cherry Hill Mortgage Investment Corporation (CHMI) by merger.
- Reported Earnings Available for Distribution (EAD) of $0.24 per diluted common share.
- Book Value per share increased to $10.00 as of June 30, 2026.
- Declared a quarterly dividend of $0.24 per common share, fully covered by EAD.
- Net Income Available to Common Stockholders was $0.29 per diluted common share.
- Investment Portfolio stood at $7.7 billion as of June 30, 2026.
- Achieved an Economic Leverage Ratio of 1.8x.
- Generated $20.5 million in Net Interest Income for the quarter.
Price Impact
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