AG Mortgage Investment Trust, Inc. Q3 2026 Earnings Recap

TPG Mortgage Investment Trust fell 2.6% after earnings. Results were pressured by book value declining from $10 to $9.27 per share, EAD of $0.21 falling short of the $0.24 dividend, and Arc Home’s contribution reverting to break-even in September.

Key Takeaways

• Book value fell 7.3% during the quarter, with the decline occurring entirely in September amid interest-rate volatility and pressure on agency and non-agency spreads.
• EAD was $0.21 per share, just below the $0.24 dividend.
• Arc Home originated approximately $1 billion, up about 19% year over year, but contributed roughly break-even to EAD after September volatility reversed July and August profitability.
• MITT issued approximately $1.25 billion across three home-equity securitizations; economic leverage increased modestly from 1.8x to approximately 2x.
• Management expects resolution of legacy commercial positions and redeployment into residential strategies to add approximately $0.15–$0.20 of annual EAD in 2027, depending on timing.