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TPG Mortgage Investment Trust To Merge With Cherry Hill Mortgage Investment Corp; CHMI Stockholders To Receive 0.3063 Shares of MITT Stock and $0.93 Per Share In Cash At Implied Transaction Value Of $117.5M

BenzingaAug 10, 2026, 10:33 AMBenzinga Newsdesk

TPG Mortgage Investment Trust, Inc. (NYSE:MITT) ("MITT"), a publicly traded residential mortgage REIT managed by AG REIT Management, LLC, an affiliate of TPG Inc. ("TPG") (NASDAQ:TPG), a leading global

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Aug 10, 2026, 10:33 AM
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  1. The Motley FoolAug 11, 2026, 2:08 AMMotley Fool Transcribing

    MITT (MITT) Q2 2026 Earnings Call Transcript

    TPG Mortgage Investment Trust (MITT) reported Q2 2026 earnings with book value of $10.00 per share and EAD of $0.24 per share, fully covering its dividend. The company announced a definitive agreement to acquire Cherry Hill Mortgage Investment Corporation, expected to increase market capitalization by 36% and create a $750 million equity capital base. Management projects $7-9 million in annual cost synergies and approximately $0.20 in incremental annual EAD per share from resolving legacy commercial loans. The company continues to focus on home equity and non-agency residential mortgage strategies, with plans for over $1.25 billion in securitizations in Q3.

    Read original at the-motley-fool