TPG Mortgage Investment Trust Inc. Common Stock (MITT)

FairStock Score: 52/100 — MIXED

Key Financials

AI Analysis

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

I look at a mortgage REIT first as a spread business, not a franchise. TPG Mortgage Investment Trust invests in residential mortgages, home-equity loans, and mortgage-backed securities, and it has no durable moat I can identify. Its results depend on financing costs, credit losses, and asset selection. The filed figures show why: in fiscal Q1 2026, the quarter ended 2026-03-31, it lost $3.6 million, or $0.27 per diluted share; then in fiscal Q2 2026, the quarter ended 2026-06-30, it earned $14.3 million, or $0.29 per diluted share. Earlier, fiscal Q3 2025, ended 2025-09-30, produced $20.0 million of net income, or $0.47 per share, while fiscal Q2 2025, ended 2025-06-30, had $3.9 million of net income but a small loss per share of $0.05. Full-year net income was $48.7 million in FY2025, $55.7 million in FY2024, and $53.8 million in FY2023, yet diluted EPS fell from $1.68 to $1.23 to $0.90—a sign that per-share economics weakened. Financial health is the rub. The FairStock-calculated debt-to-equity ratio is 13.45, ROE is 8.12%, and ROCE is only 0.57%. Price-to-book is 0.54 and the P/E is 7.31 at the 2026-10-13 close, so the market is skeptical. The 15.21% dividend yield and 1.70 beta underline that skepticism. The Piotroski F-Score is 6/9, and FairStock classifies it as a TURNAROUND, because it returned to profit after a loss within the last three years. CET1, net interest margin, and combined ratio are not in the data. I would need evidence that credit and leverage are truly controlled before trusting the discount.

In plain English: TPG Mortgage Investment Trust invests in home loans and mortgage-backed securities. The business has swung between losses and profits recently, and its yearly profit per share has been falling, though it still reports profits. The shares look inexpensive compared with the company's accounting value and profits, but the very high dividend and heavy borrowing mean the risk is high.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · 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