TPG Mortgage Investment Trust Inc. 9.500% Senior Notes due 2029 (MITN)

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at this as a credit first, not an equity. The security is a 9.500% senior note due 2029 from a real estate mortgage investment trust. The issuer's filed record shows profits in fiscal 2023, 2024 and 2025: net income of $53.8M, $55.7M and $48.7M, with diluted EPS of $1.68, $1.23 and $0.90. That is a declining trend, not a stable compounding record. More recently, fiscal Q1 2026, the quarter ended 2026-03-31, had a net loss of $3.6M and diluted EPS of -$0.27, while fiscal Q2 2026, the quarter ended 2026-06-30, rebounded to net income of $14.3M and diluted EPS of $0.29. Fiscal Q3 2025 showed net income of $20.0M and diluted EPS of $0.47, but fiscal Q2 2025 had $3.9M net income yet -$0.05 diluted EPS, so the quarterly path is uneven. FairStock classifies it as TURNAROUND, computed from filed annual results, because it returned to profit after a loss within the last three years. I see no durable moat in the supplied figures, and revenue is not reported. FairStock's P/E, P/B, ROE, ROCE and D/E are N/A, so I cannot judge leverage, asset quality or interest coverage. At $25.04 on 2026-10-16, inside a $24.55-$26.00 52-week range, the price sits near the top of that range. The 9.500% coupon and 2029 maturity are the main attractions, but without coverage data the margin of safety is unproven.

In plain English: This is a 9.500% senior note from a real estate mortgage investment trust, due in 2029. The issuer has reported profits in recent full fiscal years, but quarterly results have swung between profit and loss. At $25.04 the price sits near the top of its $24.55-$26.00 52-week range, and with no useful valuation measures supplied it looks full rather than clearly cheap.

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Data as of 2026-10-16 close · note generated 2026-10-20 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer