TPG Mortgage Investment Trust Q2 net income rises; to acquire Cherry Hill Mortgage Investment

TPG Mortgage Investment Trust

10/08/2026 11:55

Overview
US residential mortgage REIT's Q2 net income was $0.29 per share, EAD $0.24 per share
Book value per share rose to $10.00 in Q2
Company agreed to acquire Cherry Hill Mortgage Investment to expand scale and earnings power

Outlook
Company expects Cherry Hill acquisition to enhance scale and long-term earnings power
Company anticipates meaningful cost synergies from Cherry Hill acquisition
Company says it is confident in its positioning and sees compelling opportunities ahead

Result Drivers
LEVERAGE PROFILE - Co said disciplined leverage profile helped navigate challenging interest rate environment
CAPITAL ROTATION - Co attributed results to consistent capital rotation into higher-returning residential credit strategies
ARC HOME MOMENTUM - Co said strong momentum at Arc Home contributed to Q2 earnings

Company press release: ID:nBw2M5QHba

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
$9.09 mln
 
Q2 ROCE
 
2.70%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for TPG Mortgage Investment Trust Inc is $9.25, about 30.5% above its August 7 closing price of $7.09
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)