Jones Trading Maintains Buy on TPG Mortgage Investment, Lowers Price Target to $8

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.

TPG Mortgage Investment Trust shares are trading lower after the company reported worse-than-expected Q2 financial results.

TPG Mortgage Investment Q2 Adj. EPS $0.24 Misses $0.27 Estimate, Sales $20.500M Miss $24.619M Estimate

TPG Mortgage Investment (NYSE:MITT) reported quarterly earnings of $0.24 per share which missed the analyst consensus estimate of $0.27 by 11.11 percent. This is a 33.33 percent increase over earnings of $0.18 per share