| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 129.81 | 18.9% |
| Total Income | 129.81 | 18.9% |
| Expenditure | 133.19 | 36.4% |
| PBT | -3.38 | 132.8% |
| Net Profit | -3.56 | 131.0% |
| OPM | — | |
| NPM | -2.74% | 13.26pp |
| EPS | -0.27 | 228.6% |
TPG Mortgage Investment Trust Reports Q1 2026 EAD of $0.26 Per Share
29 Apr 2026 · 29 Apr, 4:07 pm
Summary
TPG Mortgage Investment Trust, Inc. reported its first quarter 2026 results, with Earnings Available for Distribution (EAD) reaching $0.26 per diluted common share, successfully covering the recently increased $0.24 dividend. Despite a challenging macroeconomic environment, the company's disciplined leverage profile and focus on scaling profitability at Arc Home contributed to this performance. The quarter saw a Net Income/(Loss) Available to Common Stockholders of $(0.27) per diluted common share and an economic return on equity of (2.6)%. Management expressed confidence in driving increased earnings power throughout 2026, having raised the common dividend in four of the last six quarters.
Key Highlights
- 1
TPG Mortgage Investment Trust, Inc. reported a Book Value per share of $9.97 as of March 31, 2026.
- 2
Earnings Available for Distribution (EAD) reached $0.26 per diluted common share for the first quarter, successfully covering the recently increased $0.24 dividend.
- 3
The company recorded a Net Income/(Loss) Available to Common Stockholders of $(0.27) per diluted common share, alongside a quarterly economic return on equity of (2.6)%.
- 4
A first quarter dividend of $0.24 per common share was declared, representing a 4.3% increase over the fourth quarter 2025 dividend.
- 5
The investment portfolio stood at $8.1 billion as of March 31, 2026, supported by $7.7 billion in total financing.
- 6
The company maintained a Net Interest Margin of 0.6% and reported $100.0 million in total liquidity at quarter-end.
Management Comments
T.J. Durkin
Despite a challenging macroeconomic backdrop that pressured book values across the industry, our disciplined leverage profile, consistent capital rotation into higher-returning residential investments, and continued focus on scaling profitability at Arc Home produced EAD of $0.26 for the first quarter, more than covering our recently increased $0.24 dividend. Notably, we have been able to raise our common dividend in four of the last six quarters and believe we are well-positioned to drive increased earnings power as we progress through 2026.
Informational and educational content only. Not investment advice.