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TPG Mortgage Investment Trust Inc.

MITT Real Estate Reit Mortgage

TPG Mortgage Investment Trust Inc.’s revenue for fiscal 2025 (year ended December 2025) was $480.3 million, up 17.6% from fiscal 2024.

Revenue
+12.0%
EPS
+680.0%
Free cash flow
+110.5%
Total debt
+6.77%

Quarter to June 2026, against a year earlier

4.68 0.31 −6.21%
Market cap
$158.7M
P/E
6.8×
Fwd P/E
16.4×
Dividend yield
19.0%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 8.36%

Capital & Financial Ratios $m

Size
Market Cap 158.70
Revenue ttm 514.30
Net income ttm 43.95
Free cash flow ttm 80.64
Net debt Q 7,260.95
Valuation
P/E 6.76
Forward P/E 16.40
Price / sales 0.31
Forward P/S Powerpack
Price / FCF 1.97
Price / book 0.49
Financial health
Current ratio Q 0.00
Debt / equity Q 13.45
Interest coverage Q 1.20
Growth
Revenue growth Q +11.99% (above 0%: growing)
Operating income growth Q +17.82% (above 0%: growing)
EPS, this year +16.86% (at or above 15%: strong)
EPS, next year A +16.42% (at or above 15%: strong)
Revenue, next year A −82.53% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +14.47%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 16.0×, against a ten-year median of 21.5×; over the ten years it ranged from 3.3× in 2020 to 65.5× in 2022.
P/E against its own 10 years 46.62%
10-year low 10-year high
P/S against its own 10 years 0.04%
10-year low 10-year high
P/B against its own 10 years 9.35%
10-year low 10-year high
EV/Sales against its own 10 years 9.24%
10-year low 10-year high
EV/FCF against its own 10 years 43.89%
10-year low 10-year high

Dividends raised 2 years running

Yield
19.0%
Annual rate
0.95
Payout ratio
128.4%
Growth, 2017–25
−21.2%/yr
  1. 5.70 ’17
  2. 5.93 ’18 +4
  3. 5.70 ’19 −4
  4. 0.09 ’20 −98
  5. 0.81 ’21 +800
  6. 0.81 ’22 +0
  7. 0.72 ’23 −11
  8. 0.75 ’24 +4
  9. 0.85 ’25 +13
  10. 0.96 ’26e +13
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 126 139 76 82
Receivables — — — —
Inventory — — — —
Other — — — —
5,964 6,758 8,536 7,773
2022 2023 2024 2025
Payables — — — —
ST’ Debt 621 — 742 826
Other — — — —
— — 742 826

Compound Annual Growth %

10y 5y 3y
Sales 13.02% 45.16% 38.63%
Cash Flow (3.72%) 70.32% 38.30%
Earnings 54.71% 0.00% 0.00%
Book Value (1.72%) 6.48% 6.61%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.26 Actual 0.21

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.26 0.25 Miss by 0.01
Q1 FY26 0.25 0.26 Beat by 0.01
Q2 FY26 0.26 0.24 Miss by 0.02
Q3 FY26 0.26 0.21 Miss by 0.05
Q4 FY26 0.23 — Reports 16 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.27) 0.29 — — —
’25 0.21 (0.05) 0.47 0.25 0.90
’24 0.55 (0.02) 0.40 0.30 1.23
’23 0.38 0.17 (0.33) 1.35 1.68
’22 (0.74) (2.27) (0.33) 0.33 (3.12)
’21 2.73 0.70 1.87 0.33 5.29
’20 (44.94) (0.24) 1.32 3.48 (36.72)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 130 124 — — —
’25 109 111 125 136 480
’24 96 100 107 106 408
’23 58 61 64 78 260
’22 33 39 50 57 180
’21 12 14 20 25 71
’20 40 13 10 11 75
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 20 24 — — —
’25 12 12 17 19 60
’24 12 14 14 16 56
’23 7 9 3 10 28
’22 5 8 4 6 23
’21 6 3 10 7 26
’20 7 (7) (3) 6 4
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 20 24 — — —
’25 12 12 17 19 60
’24 12 14 14 16 56
’23 7 9 3 10 28
’22 5 8 4 6 23
’21 6 3 10 7 26
’20 7 (7) (3) 6 4
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 123 129 156 172 75 71 180 260 408 480 514 +16.3% 84 94 107 (39.4%)
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.0 pt
EBT 62 106 (12) 90 (420) 72 (43) 55 53 47 42 (3.1%)
EBT margin, % 50.54 82.22 (7.73) 52.25 (563.51) 102.31 (23.76) 21.19 12.90 9.73 8.23 (40.8) pt
Net income 64 119 2 93 (421) 104 (53) 54 56 49 44 (2.9%)
Per share, $
Per share, $ Revenue 13.20 13.87 16.54 16.00 6.35 4.35 7.88 12.34 13.85 15.73 16.18 +2.0%
Earnings 5.40 11.31 (1.26) 7.17 (36.72) 5.29 (3.12) 1.68 1.23 0.90 0.74 (18.1%)
Cash flow 5.67 6.34 8.25 6.08 0.35 1.62 0.98 1.33 1.89 1.95 2.54 (11.2%)
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow 5.67 6.34 8.25 6.08 0.35 1.62 0.98 1.33 1.89 1.95 2.54 (11.2%)
Book value 70.40 76.90 69.32 79.13 34.93 35.13 20.22 25.05 18.43 18.36 17.18 (13.9%)
Shares, m 9 9 9 11 12 16 23 21 29 31 31 +14.1%
Valuation, ×
Valuation, × P/E 9.79 4.96 0.00 6.42 0.00 1.82 0.00 3.94 5.41 9.68 6.76 4.2
P/S 4.00 4.06 2.89 2.89 1.39 2.35 0.70 0.50 0.48 0.54 0.31 2.0
P/B 1.00 0.95 0.91 0.86 0.61 0.48 0.52 0.42 0.61 0.76 0.49 0.7
EV/Sales 19.18 27.09 37.86 41.46 19.75 65.40 25.13 23.57 15.64 18.97 16.03 29.4
EV/FCF 44.71 59.31 75.93 109.11 354.11 175.72 201.24 218.08 114.39 152.95 102.27 150.6
Cash, $m
Cash, $m Operating cash flow 53 59 78 65 4 26 23 28 56 60 81 +1.4%
Capex — (3) (141) — — — — — — — — +4,043.6%
Free cash flow 53 59 78 65 4 26 23 28 56 60 81 +1.4%
Balance, $m
Balance, $m Working capital 608 637 440 4,152 1,172 3,250 4,271 5,964 6,016 7,710 7,773 +32.6%
Net debt 1,867 2,968 2,661 6,621 1,368 4,455 4,406 5,439 6,191 8,024 7,261 +17.6%
Shareholders’ equity 656 714 656 849 410 570 463 528 543 561 546 (1.7%)
Returns, %
Returns, % ROA 1.73 3.27 (0.32) 1.95 (14.99) 3.61 (1.85) 0.68 0.56 0.35 0.30 (1.4) pt
ROIC 2.69 2.76 1.42 1.68 (12.90) 1.54 1.43 3.13 3.92 3.53 4.05 +0.8 pt
ROE 10.04 20.06 (2.27) 14.34 (115.24) 32.96 (24.13) 12.88 11.53 8.27 7.17 (1.8) pt
People
People Employees 400 400 490 500 550 600 650 0 0 — — n/m
Revenue/emp, $m 0.31 0.32 0.32 0.34 0.14 0.12 0.28 0.00 0.00 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

TPG Mortgage Investment Trust Inc. vs peers in Reit Mortgage (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NREF NexPoint Real Estate Finance, Inc. $256.2M 3.9× 10.9× +11.50% (above 0%: growing) −57.97% (below 0%: shrinking) −363.98% (below 0%: shrinking) 100.00% 25.54% Compare
CMTG Claros Mortgage Trust, Inc. $241.3M — (loss-making) — (loss-making) −29.16% (below 0%: shrinking) n/m +36.67% (above 0%: growing) 79.10% (44.62%) Compare
REFI Chicago Atlantic Real Estate Finance, Inc. $229.1M 6.5× 6.7× −11.02% (below 0%: shrinking) −16.67% (below 0%: shrinking) +40.10% (above 0%: growing) 100.00% 59.97% Compare
ACRE Ares Commercial Real Estate Corporation $188.6M — (loss-making) 48.0× +14.25% (above 0%: growing) n/m +1,481.15% (above 0%: growing) 100.00% 37.52% Compare
RC Ready Capital Corp $176.8M — (loss-making) — (loss-making) −49.32% (below 0%: shrinking) n/m +231.22% (above 0%: growing) 100.00% 101.65% Compare
ACR ACRES Commercial Realty Corp. $176.4M — (loss-making) — (loss-making) −4.08% (below 0%: shrinking) n/m −57.74% (below 0%: shrinking) 92.55% (26.38%) Compare
MITT TPG Mortgage Investment Trust Inc. $158.7M 6.8× 16.4× +11.99% (above 0%: growing) n/m +110.45% (above 0%: growing) 100.00% 100.45%
AOMR Angel Oak Mortgage REIT Inc. $144.4M — (loss-making) 16.4× +15.82% (above 0%: growing) n/m +63.13% (above 0%: growing) 24.11% (39.27%) Compare
CHMI Cherry Hill Mortgage Investment Corporation $90.2M 27.1× 10.8× +37.30% (above 0%: growing) n/m +812.55% (above 0%: growing) 100.00% 163.69% Compare
Median of peers $182.7M 6.5× 10.9× +3.71% — +51.62% 100.00% 31.53%

All 37 Reit Mortgage stocks →

Pay and ownership Proxy statement filed 16 March 2026

Ownership

Directors and executive officers, together 3.30%
BlackRock, Inc. 7.70%
The Vanguard Group 5.10%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

TPG Mortgage Investment Trust Inc. (MITT) Latest News

4 Nov

Impact 4 · · GuruFocus.com transcript
Impact 3 · · Moby
Impact 3 · · The Motley Fool transcript
Impact 3 · · Business Wire
Impact 3 · · Zacks
Impact 3 ·
Impact 3 · · Business Wire

2 Nov

Impact 4 · · Exec Edge

28 Aug

Impact 4 ·

10 Aug

Impact 4 · · The Motley Fool transcript
Impact 4 ·
Impact 3 · transcript
Impact 3 · · MarketBeat transcript
Impact 3 ·

1 Jun

Impact 3 · · Zacks

1 May

Impact 4 · · MarketBeat
Impact 4 · · Zacks

29 Apr

Impact 4 · · Zacks
Impact 4 · · Business Wire

18 Apr

Impact 3 · · Simply Wall St.

3 Apr

Impact 3 · · Simply Wall St.

16 Mar

Impact 4 · · Business Wire

13 Mar

Impact 3 · · Zacks

6 Mar

Impact 4 · · Simply Wall St.

17 Feb

Impact 4 · · Moby
Impact 4 · · Business Wire
Impact 3 · · MarketBeat
Impact 3 · · Zacks

5 Feb

Impact 4 · · Simply Wall St.

16 Dec

Impact 3 · · Business Wire
stockrow.com/MITT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com