NYSE : MITT
TPG Mortgage Investment Trust, Inc. — Financial statements
Real Estate · REIT - Mortgage · United States
Last price 5.7 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 181.28M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 514.30M | 480.33M | 408.50M | 260.33M | 180.30M | 70.66M |
| Total Interest Expense | 425.90M | 410.83M | 345.27M | 210.25M | -2.59M | 8.06M |
| Net Interest Income | 88.39M | 69.50M | 63.22M | 50.08M | 182.89M | 62.60M |
| Gain (Loss) on Sale of Investments | 4.00M | 11.69M | 11.85M | 1.92M | -31.49M | -8.74M |
| Other Revenue | -10.50M | 8.56M | 12.48M | 11.65M | -151.18M | 49.12M |
| Revenue Before Loan Losses | 81.90M | 89.75M | 87.55M | 63.66M | 218.00K | 102.98M |
| Revenue | 81.90M | 89.75M | 87.55M | 63.66M | 218.00K | 102.98M |
| Cost of Services Provided | 19.26M | 20.09M | 18.15M | 17.79M | 17.39M | 16.56M |
| Total Operating Expenses | 19.26M | 20.09M | 18.15M | 17.79M | 17.39M | 16.56M |
| Operating Income | 62.63M | 69.67M | 69.39M | 45.87M | -17.17M | 86.42M |
| Earnings From Equity Investments | 3.67M | 2.82M | 3.14M | -1.39M | -10.26M | 31.89M |
| EBT Excluding Unusual Items | 62.42M | 65.18M | 68.27M | 31.70M | -45.40M | 110.19M |
| Gain (Loss) on Sale of Investments | -17.26M | -15.62M | -13.52M | -9.81M | -9.20M | -6.80M |
| Other Unusual Items | 1.10M | 31.89M | 1.50M | 800.00K | ||
| Pretax Income | 45.16M | 49.56M | 55.85M | 53.78M | -53.10M | 104.19M |
| Income Tax Expense | 1.20M | 888.00K | 112.00K | |||
| Earnings From Continuing Ops. | 43.95M | 48.67M | 55.74M | 53.78M | -53.10M | 104.19M |
| Net Income | 43.95M | 48.67M | 55.74M | 53.78M | -53.10M | 104.19M |
| Preferred Dividends & Other Adjustments | 20.95M | 21.24M | 19.35M | 18.34M | 18.34M | 18.31M |
| Net Income to Common | 23.01M | 27.43M | 36.38M | 35.44M | -71.44M | 85.87M |
| Shares Outstanding (Basic) | 31.59M | 30.54M | 29.49M | 21.09M | 22.89M | 16.23M |
| Shares Outstanding (Diluted) | 31.60M | 30.56M | 29.51M | 21.10M | 22.89M | 16.23M |
| EPS (Basic) | 0.73 | 0.90 | 1.23 | 1.68 | -3.12 | 5.29 |
| EPS (Diluted) | 0.73 | 0.90 | 1.23 | 1.68 | -3.12 | 5.29 |
| Dividend Per Share | 0.92 | 0.85 | 0.75 | 0.72 | 0.81 | 0.81 |
| Operating Margin | 76.48% | 77.62% | 79.27% | 72.06% | -7,876.15% | 83.92% |
| Profit Margin | 28.09% | 30.56% | 41.56% | 55.67% | -32,772.48% | 83.38% |
| Effective Tax Rate | 2.67% | 1.79% | 0.20% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 61.64M | 57.83M | 118.66M | 111.53M | 84.62M | 68.08M |
| Long-Term Investments | 86.92M | 89.74M | 82.81M | 62.81M | 73.13M | 162.01M |
| Trading Asset Securities | 151.00K | 149.00K | 204.00K | 1.32M | 1.22M | 231.00K |
| Loans & Lease Receivables | 7.43B | 8.25B | 6.48B | 5.74B | 4.06B | 2.64B |
| Other Receivables | 43.57M | 49.10M | 34.93M | 30.56M | 21.39M | 16.15M |
| Restricted Cash | 20.53M | 18.49M | 19.91M | 14.04M | 14.18M | 32.15M |
| Other Long-Term Assets | 292.07M | 241.54M | 172.20M | 163.95M | 46.64M | 449.00M |
| Total Assets | 7.94B | 8.71B | 6.91B | 6.13B | 4.37B | 3.36B |
| Accrued Expenses | 38.66M | 42.46M | 34.31M | 32.04M | 19.58M | 10.19M |
| Short-Term Debt | 62.17M | 68.00M | 340.00K | 31.69M | 9.00K | 1.29B |
| Current Portion of Long-Term Debt | 745.48M | 758.40M | 491.46M | |||
| Long-Term Debt | 6.54B | 7.27B | 6.33B | 5.53B | 3.88B | 999.22M |
| Current Income Taxes Payable | 176.00K | 264.00K | 103.00K | |||
| Other Current Liabilities | 7.63M | 7.30M | 5.63M | 1.47M | 3.85M | 5.02M |
| Other Long-Term Liabilities | 87.00K | |||||
| Total Liabilities | 7.39B | 8.15B | 6.37B | 5.60B | 3.91B | 2.79B |
| Common Stock | 318.00K | 317.00K | 296.00K | 294.00K | 212.00K | 239.00K |
| Additional Paid-In Capital | 840.57M | 840.40M | 824.38M | 823.72M | 778.61M | 796.47M |
| Retained Earnings | -515.36M | -500.46M | -501.73M | -516.11M | -536.49M | -446.80M |
| Total Common Equity | 325.53M | 340.26M | 322.95M | 307.90M | 242.33M | 349.91M |
| Shareholders' Equity | 546.00M | 560.73M | 543.42M | 528.37M | 462.80M | 570.38M |
| Total Liabilities & Equity | 7.94B | 8.71B | 6.91B | 6.13B | 4.37B | 3.36B |
| Total Debt | 7.34B | 8.10B | 6.33B | 5.56B | 3.88B | 2.78B |
| Net Cash (Debt) | -7.28B | -8.04B | -6.21B | -5.45B | -3.80B | -2.71B |
| Net Cash Per Share | -230.40 | -263.16 | -210.45 | -258.41 | -165.91 | -166.86 |
| Filing Date Shares Outstanding | 31.80M | 31.74M | 29.66M | 29.45M | 21.21M | 23.92M |
| Total Common Shares Outstanding | 31.80M | 31.74M | 29.64M | 29.44M | 21.28M | 23.91M |
| Working Capital | 6.70B | 7.50B | 6.62B | 5.83B | 4.23B | 958.67M |
| Book Value Per Share | 10.24 | 10.72 | 10.90 | 10.46 | 11.39 | 14.64 |
| Tangible Book Value | 325.53M | 340.26M | 322.95M | 307.90M | 242.33M | 349.91M |
| Tangible Book Value Per Share | 10.24 | 10.72 | 10.90 | 10.46 | 11.39 | 14.64 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 43.95M | 48.67M | 55.74M | 53.78M | -53.10M | 104.19M |
| Gain on Sale of Loans & Receivables | 4.99M | 4.72M | -5.25M | 12.08M | 2.96M | |
| Loss (Gain) From Sale of Investments | 28.45M | 24.38M | 9.02M | 10.14M | -79.77M | -12.11M |
| Provision for Credit Losses | 7.38M | -178.64M | -42.11M | -111.81M | 539.99M | -41.17M |
| Loss (Gain) on Equity Investments | -3.67M | -2.82M | -3.14M | 1.39M | 10.26M | -14.28M |
| Stock-Based Compensation | 670.00K | 712.00K | 667.00K | 380.00K | 327.00K | 320.00K |
| Change in Other Net Operating Assets | 4.14M | -186.00K | 4.40M | 2.18M | 1.10M | -5.61M |
| Other Operating Activities | -5.27M | 162.74M | 36.52M | 59.99M | -399.24M | -5.04M |
| Operating Cash Flow | 80.64M | 59.57M | 55.84M | 28.13M | 22.52M | 26.30M |
| Investment in Securities | -71.73M | -43.49M | -24.89M | -15.90M | 437.25M | 29.78M |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -434.90M | -1.62B | -691.03M | -454.96M | -2.07B | -2.05B |
| Other Investing Activities | 6.68M | -3.93M | 2.79M | 37.35M | 138.43M | 115.60M |
| Investing Cash Flow | -499.94M | -1.67B | -713.13M | -433.50M | -1.49B | -1.90B |
| Long-Term Debt Issued | 2.88B | 1.48B | 878.30M | 3.05B | 2.03B | |
| Total Debt Issued | 2.11B | 2.88B | 1.48B | 878.30M | 3.05B | 2.03B |
| Long-Term Debt Repaid | -1.29B | -767.77M | -394.99M | -1.54B | -173.92M | |
| Total Debt Repaid | -1.66B | -1.29B | -767.77M | -394.99M | -1.54B | -173.92M |
| Net Debt Issued (Repaid) | 450.62M | 1.59B | 707.73M | 483.31M | 1.51B | 1.85B |
| Issuance of Common Stock | 93.13M | |||||
| Repurchase of Common Stock | -170.00K | -6.35M | -18.22M | -3.56M | ||
| Common Dividends Paid | -27.82M | -24.46M | -17.98M | -17.44M | -19.42M | -10.78M |
| Preferred Dividends Paid | -20.97M | -21.27M | -19.21M | -18.34M | -18.34M | -18.84M |
| Total Dividends Paid | -48.79M | -45.73M | -37.19M | -35.78M | -37.77M | -29.62M |
| Other Financing Activities | -369.00K | -345.00K | -251.00K | -9.04M | 8.71M | -977.00K |
| Financing Cash Flow | 401.30M | 1.55B | 670.29M | 432.14M | 1.47B | 1.91B |
| Foreign Exchange Rate Adjustments | 10.00K | |||||
| Net Cash Flow | -18.01M | -62.25M | 12.99M | 26.77M | -1.43M | 37.91M |
| Cash Interest Paid | 413.15M | 374.38M | 308.27M | 190.22M | 102.50M | 24.22M |
| Cash Income Tax Paid | 960.00K | 618.00K | 141.00K | 231.00K | 183.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 183.51M | 270.46M | 196.24M | 186.91M | 117.15M | 234.29M |
| PE Ratio | 7.92 | 9.86 | 5.39 | 5.27 | 2.73 | |
| PS Ratio | 2.24 | 3.01 | 2.24 | 2.94 | 537.39 | 2.27 |
| PB Ratio | 0.55 | 0.48 | 0.36 | 0.35 | 0.25 | 0.41 |
| P/OCF Ratio | 2.28 | 4.54 | 3.51 | 6.64 | 5.20 | 8.91 |
| Debt / Equity Ratio | 13.45 | 14.45 | 11.65 | 10.53 | 8.39 | 4.87 |
| Net Debt / Equity Ratio | 13.34 | 14.34 | 11.43 | 10.32 | 8.21 | 4.75 |
| Quick Ratio | 8.82 | 9.54 | 164.37 | 90.27 | 177.94 | 1.52 |
| Current Ratio | 8.85 | 9.56 | 164.86 | 90.49 | 181.32 | 1.53 |
| Asset Turnover | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.04 |
| Return on Equity (ROE) | 8.12% | 8.82% | 10.40% | 10.85% | -10.28% | 21.26% |
| Return on Assets (ROA) | 0.57% | 0.62% | 0.85% | 1.03% | -1.37% | 4.38% |
| Return on Invested Capital (ROIC) | 0.76% | 0.88% | 1.07% | 0.88% | -0.45% | 3.70% |
| Earnings Yield | 12.62% | 17.99% | 28.40% | 28.78% | -45.33% | 44.47% |
| Dividend Yield | 16.64% | 9.98% | 11.33% | 11.34% | 14.72% | 8.27% |
| Payout Ratio | 130.43% | 93.96% | 66.72% | 66.53% | 28.43% | |
| Buyback Yield / Dilution | -6.70% | -3.55% | -39.90% | 7.83% | -41.00% | -38.40% |
| Total Shareholder Return | 9.93% | 6.42% | -28.57% | 19.17% | -26.28% | -30.13% |