TPG Mortgage Investment Trust reports Q3 2026 results and outlines Cherry Hill merger terms
+1 new source since this summary was written
TPG Mortgage Investment Trust (MITT) posted a 7.3% drop in book value per share to $9.27 for the quarter ended September 30, 2026 and a quarterly economic return on equity of –4.9%. The company declared a cash dividend of $0.24 per common share. It also detailed the pending merger with Cherry Hill Mortgage Investment Corporation, offering each CHMI share 0.3063 MITT shares plus $0.41 cash from MITT and $0.52 cash from its manager.
Why it matters
The dividend provides immediate cash to shareholders, while the merger terms define the future ownership and cash consideration for CHMI shareholders, potentially affecting MITT’s capital structure and earnings per share.
Key facts
- 1Book value per share declined 7.3% to $9.27 as of September 30, 2026, down from $10.00 on June 30, 2026. stocktitan.net
- 2Quarterly economic return on equity was –4.9% for Q3 2026. stocktitan.net
- 3A cash dividend of $0.24 per common share was declared for the quarter. stocktitan.net
- 4The merger will convert each CHMI common share into 0.3063 MITT shares plus $0.41 cash from MITT and $0.52 cash from AG REIT Management. stocktitan.net
- 5Investment portfolio totaled $7.6 billion as of September 30, 2026. stocktitan.net
- 6Net interest margin was 0.8%, including a 0.01% benefit from interest‑rate swaps. stocktitan.net
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.