TPG Mortgage Investment Trust Inc MITT
TPG Mortgage Investment Trust Inc (MITT) operates as a U.S.-based real estate investment trust (REIT) primarily concentrated on residential mortgages. Its diverse portfolio includes various residential assets such as non-conforming mortgage loans, non-owner occupied loans backed by government-sponsored entities, both re-performing and non-performing loans, land development financing, and agency residential mortgage-backed securities. The company also maintains a portion of its investments in commercial properties. MITT is structured as a REIT for federal income tax purposes, which typically allows it to bypass federal corporate income taxes if it disperses at least 90% of its taxable earnings to its shareholders. The firm was established in 2011 and is headquartered in New York City.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-25 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / EAD / leverage are from the Q1 2026 earnings release (filed 2026-04-29) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model MITT yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $472.69M | $48.67M | $22.97M | $476.32M | $59.57M |
| 2024 | $413.19M | $55.74M | $0.00 | $398.45M | $55.84M |
| 2023 | $274.71M | $53.78M | $0.00 | $266.28M | $28.13M |
| 2022 | $256.77M | $-53.10M | $5.46M | $71.28M | $22.52M |
| 2021 | $67.52M | $104.19M | $6.08M | $137.52M | $26.30M |
| 2020 | $-181.26M | $-420.92M | $0.00 | $-384.64M | $4.16M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-09-30 | 2026-09-30 | 2026-10-30 | 2026-09-15 | $0.24 | Quarterly |
| 2026-06-30 | 2026-06-30 | 2026-07-31 | 2026-06-16 | $0.24 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-30 | 2026-03-16 | $0.24 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-30 | 2025-12-16 | $0.23 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-31 | 2025-09-15 | $0.21 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-31 | 2025-06-17 | $0.21 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-30 | 2025-03-17 | $0.20 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-31 | 2024-12-16 | $0.19 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-31 | 2024-09-16 | $0.19 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-31 | 2024-06-13 | $0.19 | Quarterly |
| 2024-03-27 | 2024-03-29 | 2024-04-30 | 2024-03-15 | $0.18 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-31 | 2023-12-15 | $0.05 | Monthly |
| 2023-11-29 | 2023-11-30 | 2024-01-02 | 2023-11-20 | $0.05 | Monthly |
| 2023-11-02 | 2023-11-03 | 2023-11-08 | 2023-10-24 | $0.08 | Monthly |
| 2023-09-28 | 2023-09-29 | 2023-10-31 | 2023-09-15 | $0.18 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-31 | 2023-06-15 | $0.18 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-28 | 2023-03-15 | $0.18 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-31 | 2022-12-20 | $0.18 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-31 | 2022-09-15 | $0.21 | Quarterly |
| 2022-06-29 | 2022-06-30 | 2022-07-29 | 2022-06-15 | $0.21 | Quarterly |
| 2022-03-30 | 2022-03-31 | 2022-04-29 | 2022-03-18 | $0.21 | Quarterly |
| 2021-12-30 | 2021-12-31 | 2022-01-31 | 2021-12-15 | $0.21 | Quarterly |
| 2021-09-29 | 2021-09-30 | 2021-10-29 | 2021-09-16 | $0.21 | Quarterly |
| 2021-06-29 | 2021-06-30 | 2021-07-30 | 2021-06-15 | $0.07 | Quarterly |
Coverage (payout of operating cash flow): 50.06%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — MITT
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Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.