UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________________________ FORM 10-K _____________________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number ...

Shares of TPG Mortgage Investment Trust (MITT) have been struggling lately and have lost 6.1% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bu ...

TPG Mortgage Investment Trust (MITT) has been beaten down lately with too much selling pressure. While the stock has lost 10% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed a ...

Key Takeaways Mortgage rates fell to 6.01%, the lowest since September 2022, lifting refinancing and purchase activity.Refinance applications jumped 7% weekly and 132% y/y, per MBA data.NLY, MITT and RWT stand to gain as lower rates lift origination and refinancing volumes.Mortgage rates continue to ease, with the average 30-year fixed rate sliding to 6.01% in the week ended Feb. 19, 2026, according to the data from FreddieMac's report. This is the lowest rate since September 2022. A year ago at this time, ...

Core Viewpoint - TPG Mortgage Investment Trust, Inc. (NYSE:MITT) has faced challenges in its recent earnings report, indicating a trend of underperformance in the competitive mortgage investment sector [1][4] Financial Performance - MITT reported revenue of approximately $22.98 million, slightly below the estimated $23.16 million, continuing a trend of underperformance over the past four quarters [2][4] - The earnings per share (EPS) came in at $0.25, missing the Zacks Consensus Estimate of $0.26, resulting in an earnings surprise of -3.85%, although this represents an increase from $0.18 in the same quarter last year [2][4] Financial Ratios - The company has a price-to-earnings (P/E) ratio of approximately 5.77 and a price-to-sales ratio of about 1.64, reflecting how investors value its earnings and sales [3][4] - The enterprise value to sales ratio is notably high at 53.27, indicating a significant valuation in relation to sales [3] - MITT's debt-to-equity ratio stands at 14.94, showing a high reliance on debt financing, while maintaining a current ratio of 2.09, suggesting good short-term financial health [3][4] - The earnings yield is reported at 17.33%, highlighting the efficiency of the company's earnings [3]

分组1 - TPG Mortgage Investment Trust (MITT) reported quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.26 per share, but showing an increase from $0.18 per share a year ago, resulting in an earnings surprise of -3.85% [1] - The company posted revenues of $20.45 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 2.62%, and this represents an increase from $17.38 million year-over-year [2] - TPG Mortgage Investment Trust shares have increased by approximately 1.4% since the beginning of the year, while the S&P 500 has declined by 0.1% [3] 分组2 - The earnings outlook for TPG Mortgage Investment Trust is uncertain, with current consensus EPS estimates at $0.24 on $21 million in revenues for the upcoming quarter and $1.03 on $87 million in revenues for the current fiscal year [7] - The Zacks Industry Rank indicates that the REIT and Equity Trust sector is currently in the bottom 24% of over 250 Zacks industries, suggesting potential challenges for stocks in this category [8] - The estimate revisions trend for TPG Mortgage Investment Trust was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]

Core Viewpoint - TPG Mortgage Investment Trust (MITT), formerly known as AG Mortgage Investment Trust, has demonstrated strong performance, achieving approximately 43% gain over the past year, significantly outperforming the VanEck Mortgage total return of around 14% [1]. Company Performance - TPG Mortgage Investment Trust has been identified as one of the best-performing mortgage real estate investment trusts (mREITs) in the market [1]. Investment Strategy - The investment approach discussed includes a focus on fundamental long-term perspectives, with a combination of long stock positions, covered calls, and cash secured puts being utilized [1].

Financial Performance - The company achieved a book value per share of $10.46 and a net income available to common stockholders of $0.47 per diluted common share[257]. - Net income available to common stockholders for Q3 2025 was $14,617,000, compared to $11,924,000 in Q3 2024, representing a 22.5% increase[350]. - Net interest income for Q3 2025 was $19.482 million, an increase of $4.532 million from Q3 2024[288]. - Interest income rose to $124.714 million in Q3 2025, up $17.258 million from the previous year, driven by a higher weighted average yield[288]. - Net income available to common stockholders for the nine months ended September 30, 2025 was $19,414 thousand, a decrease of $8,153 thousand from $27,567 thousand in the same period of 2024[319]. - Total net realized loss for the three months ended September 30, 2025 was $(3,578) thousand, an improvement from $(10,788) thousand in the same period of 2024[299]. - Total net unrealized gain for the three months ended September 30, 2025 was $13,199 thousand, compared to $19,700 thousand for the same period in 2024, a decrease of $6,501 thousand[302]. Dividends and Shareholder Returns - The company declared a dividend of $0.21 per common share in Q3 2025[257]. - During the nine months ended September 30, 2025, the company declared common stock dividends of $0.62 per share and preferred stock dividends of $1.54689, $1.50, and $2.103968 per share for Series A, B, and C respectively[406]. - Earnings available for distribution for Q3 2025 was $7,091,000, up from $4,876,000 in Q3 2024, indicating a 45.4% growth[350]. Investment Activities - In Q3 2025, the company reported a total investment purchase of $1,719.5 million, including $888.6 million in Agency-Eligible Loans and $830.9 million in Home Equity Loans[252]. - The company executed four rated securitizations in Q3 2025, totaling an unpaid principal balance of $1,712.4 million[256]. - The company focuses on acquiring and securitizing newly-originated residential mortgage loans within the non-agency segment of the housing market[260]. - The company aims to allocate capital to investment opportunities with attractive risk/return profiles, focusing on newly-originated residential mortgage loans[353]. Portfolio and Asset Management - As of September 30, 2025, the company’s investment portfolio primarily consisted of newly originated Non-Agency Loans, Agency-Eligible Loans, and Home Equity Loans[262]. - Total Investment Portfolio amounts to $8,994,870, with a fair value of $8,791,474, yielding 6.11%[359]. - Securitized Non-Agency Loans total $7,350,818 with a fair value of $7,142,686, yielding 5.76%[359]. - Securitized Home Equity Loans stand at $985,292 with a fair value of $1,007,911, yielding 7.73%[359]. - The fair value of Non-Agency RMBS was $161.02 million, with a weighted average coupon of 2.45% and a weighted average life of 4.70 years[381]. Financing and Leverage - The company operates as a residential mortgage REIT, aiming to provide attractive risk-adjusted returns primarily through dividends and capital appreciation[259]. - The leverage ratio is influenced by portfolio mix, liquidity, financing availability, and regulatory developments[356]. - GAAP leverage as of September 30, 2025, is $8,358,196, resulting in a leverage ratio of 14.9x against stockholders' equity of $559,843[400]. - Economic leverage, a non-GAAP measure, is $930,953 with a leverage ratio of 1.7x[400]. Market Conditions - Prevailing mortgage rates fell over 30 basis points to approximately 6.3% by the end of Q3 2025, the lowest level since Q4 2024[276]. - The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 1.7% year-over-year in July 2025, with New York City home prices leading gains at 6.4%[275]. - Total existing home inventory was 1.53 million units in August 2025, the highest since June 2020, but still below typical levels from 2016 to 2019[277]. Management and Fees - The management fee to affiliates increased to $6,947 thousand for the nine months ended September 30, 2025, compared to $5,202 thousand in the same period of 2024[319]. - The management fee is calculated at 1.50% of Stockholders' Equity per annum, with management fees incurred of $2.3 million for the three months ended September 30, 2025, compared to $1.7 million in 2024[426]. - Total expense reimbursements to the manager or its affiliates amounted to $1.974 million for the three months ended September 30, 2025, compared to $1.852 million in 2024[434]. Risk Management - The company may utilize derivative instruments to hedge interest rate risks associated with its financing portfolio[402]. - The net interest margin is a key metric for evaluating the profitability of interest income versus interest expense, including the impact of interest rate swaps[354]. - The weighted average yield for the investment portfolio is calculated based on estimates of future cash flows and adjusts for actual prepayment and cash flow activity[355].

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Viewpoint - AG Mortgage Investment Trust (MITT) reported quarterly earnings of $0.23 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.17 per share a year ago [1]. Financial Performance - The company posted revenues of $19.48 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 2.59%, compared to $14.95 million in the same quarter last year [2]. - Over the last four quarters, AG Mortgage Investment Trust has not surpassed consensus EPS or revenue estimates [2]. Stock Performance - AG Mortgage Investment Trust shares have increased approximately 7.5% since the beginning of the year, while the S&P 500 has gained 16.5% [3]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.26 on revenues of $21 million, and for the current fiscal year, it is $0.87 on revenues of $78 million [7]. - The trend of estimate revisions for AG Mortgage Investment Trust was mixed prior to the earnings release, which may change following the recent report [6]. Industry Context - The REIT and Equity Trust industry is currently ranked in the top 39% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8].