TPG Mortgage Investment Trust (MITT) Q2 FY26 earnings call

TPG Mortgage Investment Trust reported a strong Q2 FY26, highlighted by the announced acquisition of Cherry Hill Mortgage Investment Corporation, which is expected to significantly enhance scale and generate substantial G&A synergies. The company delivered EAD of $0.24 per share, fully covering its dividend, and saw book value increase to $10 per share. Strategic capital rotation into higher-returning residential credit and progress on resolving legacy commercial loans are expected to drive future earnings accretion.