TPG Mortgage Investment Trust (MITT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

TPG Mortgage Investment Trust

NYSE•Real Estate•REIT - Mortgage

$6.80+0.03(<0.01%)Market closed

Market Cap

$215.51M

P/E

4.9x

P/S

2.7x

P/B

0.4x

TPG Mortgage Investment Trust, Inc. operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio comprises residential investments, such as non-agency loans, agency-eligible loans, home equity loans, re-and non-performing loans, and non-agency residential mortgage-backed securities, as well as commercial loans and commercial mortgage-backed securities. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. TPG Mortgage Investment Trust, Inc. was formerly known as AG Mortgage Investment Trust, Inc. and changed its name to TPG Mortgage Investment Trust, Inc. in December 2025. The company was incorporated in 2011 and is based in New York, New York. TPG Mortgage Investment Trust, Inc. operates as a subsidiary of TPG Inc.

How this company scores

WeakMetricSide Score: 56/100

Grade capped at D — Interest coverage below 1× (0.1x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (3/25).

Profitability12/25

Growth16/25

Balance Sheet & Red Flags3/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowStrong marginsCash-backed earnings

Grade capped at D

Interest coverage below 1× (0.1x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 4.9x5y range 1.4x – 7.0x

Currently near its 16-quarter median.

P/S · 2.7x5y range 1.5x – 5.0x

Currently near its 20-quarter median.

P/B · 0.4x5y range 0.2x – 0.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Leverage Risk

Red Flag

D/E ratio is 11.8 — heavily leveraged and vulnerable to rising rates or cash flow dips.

Share Dilution

Red Flag

Shares outstanding increased 7.8% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $215.51M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $80.82M
Q. Revenue: $20.24M
TTM EBITDA: $79.59M
TTM Op. Income: $45.55M
Q. Op. Income: $11.58M
TTM Net Income: $43.95M
Q. Net Income: $14.27M
EPS: $0.29
Shares Out.: $31.79M

$80.82M in TTM revenue grew 17.2% YoY, reaching $20.24M last quarter. TTM EBITDA of $79.59M and TTM operating income of $45.55M show growth is flowing through to the bottom line. TTM net income of $43.95M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 106.2%
Op. Margin: 57.2%
Net Margin: 70.5%

Op. margin of 57.2% is up 21.0% YoY — cost efficiency is improving. Net margin at 70.5% Over the past year, operating margin is up 58% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 4.9x
P/S Ratio: 2.7x
P/B Ratio: 0.4x

At 4.9x P/E, the stock trades below typical market levels. P/S of 2.7x and P/B of 0.4x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is up 1% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $7.94B
Cash: $61.64M
Long-Term Debt: $6.45B
Book Value: $546.00M
D/E Ratio: 11.8
Debt/EBITDA: 300.1

With $7.94B in assets and $6.45B in long-term debt, D/E is 11.8and book value is $546.00M — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $24.24M
TTM Free Cash Flow: $80.64M
FCF Margin: 99.8%
FCF / Net Income: 1.8

TTM FCF of $80.64M on $24.24M in operating cash flow. The FCF / Net Income ratio of 1.8x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.