A Business at a Glance
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TPG Mortgage Investment Trust, Inc.
MITN
$779M
Mkt Cap
$25.57
+0.02%
TPG Mortgage Investment Trust, Inc. (MITN) has a current P/E ratio of 28.4, compared to its historical median P/E of 23.4. The stock is currently considered Expensive based on its historical valuation range.
TPG Mortgage Investment Trust, Inc. (MITN) has a 5-year average return on invested capital (ROIC) of 2.2%. This is below average and may indicate limited pricing power.
TPG Mortgage Investment Trust, Inc. (MITN) has a market capitalization of $779M. It is classified as a small-cap stock.
Yes, TPG Mortgage Investment Trust, Inc. (MITN) pays a dividend with a trailing twelve-month yield of 3.14%.
Based on historical P/E analysis, TPG Mortgage Investment Trust, Inc. (MITN) appears expensive. The current P/E of 28.4 is 21% above its historical median of 23.4. The estimated fair value CAGR (P/E method) is -11.9%.
TPG Mortgage Investment Trust, Inc. (MITN) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
Our company TPG Mortgage Investment Trust, Inc. (the "Company," "MITT," "we," "us," and "our") is a residential mortgage REIT with a focus on investing in a diversified risk-adjusted portfolio of residential mortgage-related assets in the U.S. mortgage market. Our objective is to provide attractive risk-adjusted returns to our stockholders over the long-term, primarily through dividends and capital appreciation. Effective as of December 16, 2025, we changed our name from "AG Mortgage Investment Trust, Inc." to "TPG Mortgage Investment Trust, Inc." We focus our investment activities primarily on acquiring and securitizing newly-originated residential mortgage loans within the non-agency segment of the housing market. We obtain our assets through Arc Home, LLC ("Arc Home"), our residential mortgage loan originator in which we own an approximate 66.0% interest, and through other third-party origination partners.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 77M | 77M | 66M | 48M | 61M | 43M |
| Net Income | 27M | 27M | 36M | 35M | -71M | 86M |
| EPS | $0.90 | $0.90 | $1.23 | $1.68 | $-3.12 | $5.29 |
| Free Cash Flow | 60M | 60M | 56M | 28M | 23M | 26M |
| ROIC | 2.1% | 3.9% | 6.8% | 13.6% | -15.4% | - |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.17 | 0.17 | 0.18 | 0.16 | 1.34 | 3.12 |
| Dividends/Share | $0.80 | $0.80 | $0.61 | $0.83 | $0.85 | $0.66 |
| Operating Income | 13M | 13M | 22M | 46M | -61M | - |
| Operating Margin | 17.3% | 17.3% | 32.9% | 96.2% | -99.6% | - |
| ROE | 4.9% | 5.0% | 6.7% | 6.7% | -15.4% | 15.1% |
| Shares Outstanding | 30M | 30M | 30M | 21M | 23M | 16M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 115M | 110M | 89M | 0 | 86M | 82M | N/A | 43M | 61M | 48M | 66M | 77M | 77M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 25M | 25M | 22M | 23M | 27M | 31M | 33M | 31M | 43M | 39M | 35M | 43M | 43M |
| EBIT | 15M | N/A | N/A | 149M | N/A | N/A | N/A | N/A | -61M | 46M | 22M | 13M | 13M |
| Op. Margin | 13.1% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -99.6% | 96.2% | 32.9% | 17.3% | 17.3% |
| Net Income | 96M | 349K | 50M | 105M | -12M | 77M | -431M | 86M | -71M | 35M | 36M | 27M | 27M |
| Net Margin | 83.4% | 0.3% | 56.3% | N/A | -13.8% | 94.2% | N/A | 197.8% | -116.4% | 74.1% | 55.2% | 35.8% | 35.8% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 10M | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 13.1% | N/A | N/A | 4.0% | N/A | N/A | N/A | N/A | -15.4% | 13.6% | 6.8% | 3.9% | 2.1% |
| ROE | 13.1% | 0.1% | 7.7% | 14.7% | -1.8% | 9.0% | -105.2% | 15.1% | -15.4% | 6.7% | 6.7% | 5.0% | 4.9% |
| ROA | 2.8% | 0.0% | 1.9% | 2.8% | -0.3% | 1.8% | -30.8% | 2.6% | -1.6% | 0.6% | 0.5% | 0.4% | 0.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 94M | 87M | 67M | 59M | 78M | 65M | 4.2M | 26M | 23M | 28M | 56M | 60M | 60M |
| Free Cash Flow | 94M | 87M | 67M | 59M | 78M | 65M | 4.2M | 26M | 23M | 28M | 56M | 60M | 60M |
| Owner Earnings | 94M | 87M | 67M | 59M | 78M | 65M | 3.7M | 26M | 22M | 28M | 55M | 59M | 59M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 68M | 68M | 53M | 56M | 55M | 62M | 15M | 11M | 19M | 17M | 18M | 24M | 24M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.8% | 3.3% | 3.1% |
| Share Buybacks | 0 | 473K | 0 | 0 | 0 | 0 | 0 | 3.6M | 18M | 6.4M | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 147K | 120K | 120K | 239K | 392K | 399K | 419K | 320K | 327K | 380K | 667K | 712K | 712K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 79M | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -44M | -35M | -67M | 3.0B | 2.7B | 3.1B | -97M | 1.2B | 493M | -189M | -224M | -222M | 39M |
| Cash & Equiv. | 64M | 46M | 52M | 15M | 32M | 82M | 48M | 68M | 85M | 112M | 119M | 58M | 58M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 96M | 96M | 96M |
| Debt/Equity | 0.12 | 0.09 | 0.06 | 4.21 | 4.15 | 3.81 | 1.38 | 3.12 | 1.34 | 0.16 | 0.18 | 0.17 | 0.17 |
| Interest Coverage | 0.6 | N/A | N/A | 3.4 | N/A | N/A | N/A | N/A | -0.5 | 0.2 | 0.1 | 0.0 | 0.0 |
| Equity | 733M | 667M | 656M | 714M | 656M | 849M | 410M | 570M | 463M | 528M | 543M | 561M | 561M |
| Total Assets | 3.5B | 3.2B | 2.6B | 3.8B | 3.5B | 4.3B | 1.4B | 3.4B | 4.4B | 6.1B | 6.9B | 8.7B | 8.7B |
| Total Liabilities | 2.7B | 2.5B | 2.0B | 3.1B | 2.9B | 3.5B | 990M | 2.8B | 3.9B | 5.6B | 6.4B | 8.2B | 8.2B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -15M | -79M | -82M | -33M | -101M | -86M | -518M | -447M | -536M | -516M | -502M | -500M | -500M |
| Working Capital | 32M | 30M | 26M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | 34M | 32M | 27M | 38M | 50M | 44M | 14M | 32M | 14M | 14M | 20M | 18M | 18M |
| Current Liabilities | 2.3M | 2.1M | 1.1M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 3.37 | 0.01 | 1.80 | 3.77 | -0.42 | 2.39 | -36.73 | 5.29 | -3.12 | 1.68 | 1.23 | 0.90 | 0.90 |
| Owner EPS | 3.29 | 2.49 | 2.39 | 2.10 | 2.74 | 2.02 | 0.16 | 1.60 | 0.97 | 1.32 | 1.87 | 1.93 | 1.93 |
| Book Value | 25.74 | 19.10 | 23.51 | 25.62 | 23.15 | 26.42 | 17.13 | 35.14 | 20.21 | 25.05 | 18.37 | 18.40 | 18.40 |
| Cash Flow/Share | 3.30 | 2.49 | 2.40 | 2.11 | 2.75 | 2.03 | 0.17 | 1.62 | 0.98 | 1.33 | 1.89 | 1.95 | 0.90 |
| Dividends/Share | 2.39 | 1.95 | 1.91 | 2.00 | 1.95 | 1.92 | 0.62 | 0.66 | 0.85 | 0.83 | 0.61 | 0.80 | 0.80 |
| Shares Out. | 28.5M | 34.9M | 27.9M | 27.9M | 28.3M | 32.1M | 23.9M | 16.2M | 22.9M | 21.1M | 29.6M | 30.5M | 30.5M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 18.6 | 28.2 | 28.4 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 12.1 | 13.0 | 13.1 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 20.9 | 41.7 | 61.9 |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.2 | 1.4 | 1.4 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 9.9 | 9.6 | 10.2 |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 8.3% | 7.7% | 7.6% |
| Market Cap | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 676M | 773M | 779M |
| Avg. Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 22.04 | 24.17 | 25.57 |
| Year-End Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 22.87 | 25.38 | 25.57 |
TPG Mortgage Investment Trust, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
TPG Mortgage Investment Trust, Inc. trades at 28.4x trailing earnings, compared to its 15-year median P/E of 23.4x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 13.1x vs a median of 12.5x. The company's 5-year average ROIC is 2.2%. Total shareholder yield (dividends) is 3.1%. At current prices, the estimated annualized return to fair value is +8.0%.
TPG Mortgage Investment Trust, Inc. (MITN) reported annual revenue of $77 million in its most recent fiscal year, based on SEC EDGAR filings.
TPG Mortgage Investment Trust, Inc. (MITN) has a net profit margin of 35.8%. This is a strong margin indicating high profitability.
TPG Mortgage Investment Trust, Inc. (MITN) generated $60 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TPG Mortgage Investment Trust, Inc. (MITN) has a debt-to-equity ratio of 0.17. This indicates a conservatively financed balance sheet.
TPG Mortgage Investment Trust, Inc. (MITN) reported earnings per share (EPS) of $0.90 in its most recent fiscal year.
TPG Mortgage Investment Trust, Inc. (MITN) has a return on equity (ROE) of 5.0%. This indicates moderate shareholder returns.
The Ledger Terminal provides 14 years of financial data for TPG Mortgage Investment Trust, Inc. (MITN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TPG Mortgage Investment Trust, Inc. (MITN) has a book value per share of $18.40, based on its most recent annual SEC filing.